The London Company Mid Cap Strategy’s Q3 2023 Investor Letter

The London Company, an investment management company, released “The London Company Mid Cap Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. Equities declined broadly in Q3, with the Russell 3000 Index down 3.3% after three consecutive quarterly gains. In the third quarter, the fund declined 3.0% (-3.1% net) during the quarter compared to a 4.7% drop in the Russell Midcap Index. The outperformance was due to positive stock selection, however, there were some challenges from the sector exposure. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.