Saga Partners’ Q1 2022 Investor Letter

Saga Partners, an investment management firm, published its first-quarter 2022investor letter – a copy of which can be downloaded here. During the first quarter of 2022, the Saga Portfolio (“the Portfolio”) declined 42.4% net of fees. This compares to the overall decrease for the S&P 500 Index, including dividends, of 4.6%. Since its inception on January 1, 2017, the cumulative return for the Saga Portfolio is 112.0% net of fees compared to the S&P 500 Index of 122.7%. The annualized return since inception for the Saga Portfolio is 15.4% net of fees compared to the S&P 500’s 16.5%. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.