Here’s Why Kinsman Oak Closed its Position in Activision Blizzard (ATVI)

Kinsman Oak Capital Partners, a boutique investment firm, released itsKinsman Oak Equity Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. The investors were expecting cooler inflation data and a subsequent pause in the Fed’s rate-hiking cycle in the first quarter. Then, suddenly the market experienced multiple regional bank failures. During the quarter, equity performance experienced a distinct sector rotation towards higher beta sectors....