Hayden Capital, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. During the first quarter of 2021, Hayden Capital declined by -39.2%. The fund has generated a +15.6% annualized return for our partners since our portfolio’s inception. The fund invests globally across the market cap spectrum – seeking opportunities to purchase high-quality franchise businesses at discounted valuations. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.