Vilas Fund Up 34% In 1Q19; New Positions; Q1 Letter

Jacob Wolinsky

Published onApril 25, 2019

Updated on April 25, 2019

Vilas Fund commentary for the first quarter ended March 31, 2019.

Q1 hedge fund letters, conference, scoops etc

Dear Vilas Fund Partner,

The Vilas Fund, LP, rose 34.3% in the first quarter of 2019. The biggest gains were generated in NMI Holdings, MGIC, Viacom, Citigroup and Lincoln National. The main detractor of performance in the quarter was CVS.

In general, we are finding better investment opportunities today than at virtually any time since I started in the business twenty-six years ago, especially relative to current earnings, interest rates on bonds, real estate cap rates, and private company equity prices. Our portfolio is currently trading at 8.2 times 2019 net income estimates...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

Vilas Fund Up 34% In 1Q19; New Positions; Q1 Letter

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