Voss Capital’s Q3 2023 Investor Letter

Voss Capital, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. In the third quarter of 2023, the Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd., delivered returns of -8.3% and -8.9%, respectively, to investors, accounting for fees and expenses. This performance was in comparison to the Russell 2000’s -5.1% total return, the Russell 2000 Value’s -3.0% total return, and the S&P 500’s -3.3% total return. As of September 30th, 2023, the Voss Value Master Fund maintained a total gross exposure of 155.6%, with a net long exposure of 82.9%. Take a moment to review the fund’s top 5 holdings to gain insights into their primary investment choices for 2023.