Here’s What Happened With Five Below (FIVE)

Giverny Capital Asset Management, LLC, an investment management company, recently published its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The portfolio returned -2.31% in the second quarter compared to a 4.28% return for the S&P 500 Total Return Index. The fund returned 12.31% year to date compared to the 15.29% return for the Index during the same period. The performance was hurt by low exposure to the Magnificent Seven tech stocks. For more...