Manole Capital Management’s Q2 2022 Investor Letter

Boutique asset manager Manole Capital Management recently released its second-quarter 2022 investor letter. A copy of the same can be downloaded here. Due to various events, the market witnessed a downfall in the first half of the year. The US stock market index S&P 500 fell 21%. The fund mainly focuses on fintech stocks, a securely growing segment. The fund generated three times the top-line growth of the market and two times the earnings growth over the last five years.  Also, Manole Capital Management expects 21% growth in its portfolio based on 3- to 5-year forward EPS estimates. For more information on the fund’s top picks in 2022, please check its top five holdings.