Smoak Capital Management’s Q4 2023 Investor Letter

Smoak Capital Management, LLC, an investment management firm, released its fourth quarter 2023 investor letter. In 2023, the fund’s net return was 14.9%, which was lower than the S&P 500’s full-year return of 26.2%. During the last few months of the year, there was a significant disparity in performance, which was caused by the broader market’s rally due to predictions of interest rate cuts in 2024. Even though it didn’t match the S&P 500 or previous years, it was still a good year for the fund. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

A copy of Smoak Capital Management’s Q4 2023 investor letter can be downloaded here.