Maran Capital Management’s Q3 2021Investor Letter

Maran Capital Management, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. In the third quarter of 2021, Maran Partners Fund returned -3.1%, net of all fees and expenses, which brings the year-to-date return to +48.3%, net. Over the past five years, the fund has compounded at the annualized rate of +22.2%, net of all fees and expenses. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.