L1 Capital Long Short Fund’s Q2 2023 Investor Letter

L1 Capital, an investment management firm, released its “L1 Long Short Fund” second quarter 2023 investor letter, a copy of the same can be downloaded here. Global markets were mixed over the quarter, while the US stock market performed strongly due to the strength in technology mega-cap stocks. The portfolio returned 0.1% in the second quarter compared to 1.0% for the S&P ASX200 Accum Index. For the financial year, the portfolio returned 13.5%. In addition, please check the fund’s top 5 holdings to know about its top bets for 2023.