Stewart Asset Management’s Q4 2021 Investor Letter

Stewart Asset Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. For the full year 2021, the fund’s Flagship portfolio advanced 22.85%, net of fees.  The S&P 500 Index, its benchmark, appreciated 28.71%.  For the fourth quarter of 2021, its Flagship advanced 7.74%, and our benchmark was up 11.03%. For the three years ending December 31, 2021, its Flagship portfolio advanced 34.28% per year, net of fees. The S&P 500 Index went up 25.94% per year during the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.