Deep Sail Capital’s Q2 2023 Investor Letter

Deep Sail Capital, an investment management company, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned 3% net of fees while averaging 78% net long exposure. As of June 2023, the fund’s net return was 21.3% while averaging 76% net long exposure. The fund underperformed its benchmarks, the Russell 2000 Index and the Russell Mid Cap Growth Index, in the second quarter by 2.2% and 3.2%, respectively. The fund continued to outperform its benchmarks so far this year, while the short portfolio underperformed during the second quarter. You can check the top 5 holdings of the fund to know its best picks in 2023.