CAS Investment Partners’ Q1 2022 Investor Letter

CAS Investment Partners, an asset management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here.  During the three months ended March 31, 2022, the fund reported a loss on a mark to market basis net of all fees, expenses, and performance allocations of 26.7%. The broad market as represented by the SPY ETF including dividends was down 4.6% during the same period. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.