O’Keefe Stevens Advisory’s Q1 2022 Investor Letter

O’Keefe Stevens Advisory Inc., an asset management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. At the end of Q1 22, the fund’s top 5 holdings represented ~38% of assets. The concentration at the top of the portfolio declined slightly as some lower weighted positions have increased significantly to start the year. These names were primarily in the commodity space, which has seen strong price appreciation due to supply constraints. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.