O’Keefe Stevens Advisory Inc.’s Q4 2021 Investor Letter

O’Keefe Stevens Advisory Inc., an asset management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. At the end of 2021, the fund’s top 5 holdings represented almost 41% of its assets. As of December 15th, the Russell 3000 Index, which tracks the performance of the 3,000 largest US-traded securities, was 3.4% off its all-time high. 2,288 (76.2%) of the index was 10% or more off its all-time highs, 1,068 (30% of the index) was more than 30% off its all-time high, and 559 (18.6% of the index) was more than 50% off its all-time high. The mega-cap names, including Apple, Google, Amazon, Nvidia, and others, have kept the market up due to their significant index weight. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.