Choice Equities Capital Management’s Q4 2023 Investor Letter

Choice Equities Capital Management, a hedge fund manager, released its fourth-quarter 2023 investor letter recently. In the fourth quarter, the fund generated gains of +10.6% on a net basis bringing year-to-date net performance to +3.0% in comparison to the Russell 2000’s quarterly gain of 14.0% and YTD gain of 16.9%, and the S&P 500’s 11.7% and +26.3% gains, respectively for the quarter and YTD. Since its inception in 2017, the fund has generated an annualized gain of 13.4%, compared to 7.3% and 13.4% returns for the indexes, respectively. Stocks rose sharply in Q4 as disinflationary data prompted the Fed to halt its 40-year aggressive rate hikes. This led to a relief rally in most asset classes due to expectations of lower rates. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of Choice Equities Capital Management’s Q4 2023 investor letter can be downloaded here.