Silver Ring Value Partners’ Q2 2022 Investor Letter

Silver Ring Value Partners, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. At the end of June 2022, the portfolio was very attractively priced, with the Price to Base Case value ratio at 56%. The portfolio had 13 investments plus hedges, cash at 0%, and option-adjusted net exposure at 4%. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.