Legacy Ridge Capital Management, LLC recently published its “Legacy Ridge Capital Partners Equity Fund I” fourth quarter 2023 investor letter, which can be downloaded here. In 2023, the fund returned 36.5% gross and 28.4% net of performance fees. The portfolio contains a total of 9 positions, out of which the top 5 positions hold almost 70% of the portfolio’s value, while the top 3 positions alone account for over 50%. At the end of the year, the firm had around 14% of its assets in...
