Australia, Germany, Performance, Quality, small caps, value
The manager announced the closure of the Hurdle Rate Unit Trust, citing personal priorities and operational costs rather than investment underperformance. The fund achieved ~36% total return since May 2023, driven by disciplined small-cap stock selection and strong capital inflows despite difficult fundraising conditions. The letter reflected on lessons from managing concentrated portfolios through volatility and investor sentiment cycles.
This report provides a detailed summary of investor holdings for a
specified stock ticker, highlighting key metrics such as fund
name, total assets under management (AUM), invested value,
portfolio weight, and shares owned. It also tracks changes in
share ownership during the last quarter, including the percentage
of shares bought or sold and the percentage of outstanding shares
owned. The data is generated using an API that processes investor
holdings and calculates these values for each fund. This report
helps investors and analysts monitor the stock positions of major
funds, identify investment trends, and assess the influence of
large investors on individual stocks.
