RV Capital Management’s Q2 2021 Investor Letter

RV Capital Management, an investment management firm, published its second-quarter 2021 investor letter – a copy of which can be downloaded here. The NAV of the Business Owner Fund was €994.14 as of the end of the second quarter. The NAV increased 14.0% since the start of the year and 901.9% since its inception on 30 September 2008. The compound annual growth rate since inception is 19.8%.  You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.