Bonhoeffer Capital Management’s Q2 2021 Investor Letter

Bonhoeffer Capital Management, an investment management firm, published its second-quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 11.1% was recorded by the fund for the Q2 of 2021, compared to 5.9% and 4.5% returns of the MSCI World ex-US and the DFA International Small Cap Value Fund, respectively for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.