Broyhill Asset Management’s Q4 2023 Investor Letter

Broyhill Asset Management, a boutique investment firm, released its fourth-quarter 2023 investor letter. The past two years were mirror images of each other for equity investors. Global stocks increased by 22% in 2022 after declining by 18% the year before. The fourth quarter saw exceptionally high portfolio activity. Although Broyhill’s fully invested managed funds underperformed year-over-year broader equities benchmarks, they avoided problems during the falls in 2021 and 2022, and their relative performance is still well above any longer-term horizon. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

A copy of Broyhill Asset Management’s Q4 2023 investor letter can be downloaded here.