Andvari Associates’ Q4 2020 Investor Letter

Andvari Associates, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 31.1% was recorded by the fund for the year end 2020, outperforming its S&P 500 benchmark that delivered an 18.4% return. One of the main holdings of Andvari is Liberty Broadband Corp Series A (NASDAQ: LBRDA). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.