Palm Harbour Capital’s Q4 2021 Investor Letter

Palm Harbour Capital, an asset management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the fund gained 2.26% gross of fees. The fund ended the quarter with year-to-date performance of 36.5% (+37.65% on a NAV basis). Inception to quarter-end return was 39.3% or 12.9% compounded annual return. Similarly, the fund’s last reported NAV at quarter-end was 13.75 (30/12/2021 +2.23%% from the closest reported NAV at the third-quarter end of 13.45). Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.