Horos Asset Management’s Q3 2023 Investor Letter

Horos Asset Management, an investment management firm, published its third quarter 2023 investor letter. A copy of the same can be downloaded here. In a short-term view, funds are up 8.7% in 2023 for Horos Value Internacional (versus a 10.9% rise of its benchmark index) and 9.0% for Horos Value Iberia (versus 16.2% for benchmark). Since inception, funds delivered cumulative returns of 236% in the international strategy (11.3% annualized) and 185% in the Iberian strategy (10.0%), outperforming their benchmark indices. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.