Vltava Fund, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. Vltava Fund’s NAV jumped over the next 365 days (23 March 2020 – 23 March 2021) almost by 90%. The Vltava Fund portfolio as a whole had a P/E of 12.7 at the end of March, ROE (return on equity) of 20%, and dividend yield adjusted for share buybacks of 3.7%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Vltava...
