SouthernSun SMID Cap Strategy’s Q1 2023 Investor Letter

SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun SMID Cap Strategy” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the strategy returned 5.47% on a gross basis compared to a 3.39% return for the Russell 2500 Index and 1.40% for the Russell 2500 Value Index. Since its inception, the strategy has continued to outperform both indexes on an annualized gross and net basis. The strategy returned 1.52% on a gross basis over the trailing twelve months compared to -10.39% and -10.53% returns for indexes respectively. In addition, please check the top 5 holdings of the strategy to know its best pick in 2023.