Alphyn Capital Management’s Q2 2026 Investor Letter

Alphyn Capital Management, an investment management firm, released its second-quarter 2026 investor letter.  The fund’s Master Account returned 0.6% net in the quarter compared to 15.2% for the S&P500. As of June 30, 2026, the top ten positions comprised approximately 72% of the portfolio, and the portfolio held approximately 9% in cash and short-term treasuries. The portfolio experienced minimal gains in the quarter, despite a strong index performance, leading to disappointment in...