Laughing Water Capital’s Q2 2021 Investor Letter

Laughing Water Capital LP, an investment management firm, published its second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly median account return of 9.5% net of fees was recorded by the fund for the second quarter of 2021, compared unfavorably to the 8.6% and 4.3% returns of the SP500TR and R2000TR respectively. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.