East 72, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 9.1% was recorded by the fund for the Q1 of 2021. Over the year to March 31, 2021, East 72 returned 42.7% before expenses, despite an average net equity exposure of only 28%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
East 72, in their Q1 2021 investor letter, mentioned Valhi, Inc....
