Headwaters Capital Management’s Q1 2024 Investor Letter

Headwaters Capital Management, an investment management company, released its first-quarter 2024 investor letter. The fund increased by +10.6% (+10.4% net) in the first quarter compared to a +8.6% return for the Russell Mid Cap Index. During Q1, large caps, led by the S&P 500 with a 10.4% gain, outperformed small caps, represented by the Russell 2000 with a 5% gain. Headwaters portfolio exceeded the Russell Mid Cap benchmark due to favorable stock selection. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Headwaters Capital Management’s Q1 2024 investor letter can be downloaded here.