Silver Beech Capital, a value-oriented investment management firm, released its second-quarter 2026 investor letter. The letter can be downloaded here. Since its inception, Silver Beech has achieved a net annualized return of 17.8%, representing an annualized outperformance of 3.4% over the S&P 500. The fund returned 10.2% year-to-date through July 2026, compared to the S&P 500’s 10.1% and the Russell 2000’s 18.9% YTD returns. Surging AI-driven capital spending by hyperscalers, projected...
Silver Beech’s Investment Thesis for Arthur J. Gallagher (AJG)
