Silver Beech Capital’s Q1 2025 Investor Letter

Silver Beech Capital, a value-oriented investment management firm, released its first-quarter 2025 investor letter. Since its inception, Silver Beech has achieved a net annualized return of 20.3%, representing an annualized outperformance of 9.2% over the S&P 500. The fund was down 2.8% for the first quarter, exceeding the S&P 500’s 4.3% decline and the Russell 2000’s 9.5% decline. Recent market turbulence has led to notable risk repricing across various markets. This volatility arose from deep uncertainty surrounding multiple potential U.S. policy regimes, including trade, fiscal policies, the status of the U.S. reserve currency, and central bank principles. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

A copy of Silver Beech Capital’s Q1 2025 investor letter can be downloaded here.