SouthernSun SMID Cap Strategy’s Q2 2023 Investor Letter

SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun SMID Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy returned 11.26% on a gross basis (11.04% net) compared to a 5.22% return for the Russell 2500 Index and 4.37% 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 27.17% on a gross basis (26.29% net) over the trailing twelve months compared to 13.58% and 10.37% returns for indexes, respectively. In addition, please check the top 5 holdings of the strategy to know its best pick in 2023.