Investment management company Maran Capital Management recently released its third-quarter 2026 investor letter. The letter can be downloaded here. In the third quarter of 2026, Maran Partners Fund returned +2.5%, bringing its year-to-date gain to +5.6%. While the S&P 500 rose about 2%, significant disparities emerged, with the top-performing “Magnificent Seven” stocks up 11%. Most stocks are in a bear market, and over half of S&P 500 constituents have fallen more than 20% from their...
Here’s Why Horizon Kinetics Holding Corporation (HKHC) Drifted Lower in Q3
