Kinsman Oak Capital Partners’ Q1 2023 Investor Letter

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. Technology and consumer discretionary largely outperformed defensives such as healthcare and utilities. The firm is expecting near-term volatility in the market. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.