Here’s Why Clark Street Value Sold its Retail Value Inc. (RVI) Position

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Retail Value Inc. (NYSE: RVI) and discussed its stance on the firm. Retail Value Inc. is a Beachwood, Ohio-based real estate investment trust company with a $134.9 billion market capitalization. RVI delivered a -0.47% return since the beginning of the year, while its 12-month returns are down by -59.40%. The stock closed at $6.39 per share on January 13, 2022.

Here is what Clark Street Value has to say about Retail Value Inc. in its Q4 2021 investor letter:

“Retail Value (RVI) I sold shortly after the large liquidating dividend as I didn’t feel like I had a good grasp on the remaining value of the stub.  There’s been some good discussion in the comments section that has continued, which I always appreciate and I might revisit this one as well as the liquidation is near its end.”

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Our calculations show that Retail Value Inc. (NYSE: RVI) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. RVI was in 11 hedge fund portfolios at the end of the third quarter of 2021, compared to 14 funds in the previous quarter. Retail Value Inc. (NYSE: RVI) delivered a -76.82% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.