During the third quarter, Khrom Capital returned 8.6% net, bringing its year-to-date return to 11.8% net. Since its inception 17 years ago, the fund has cumulatively returned 2,475% gross, versus 603% for the S&P 500 Total Return Index and 294% for the Russell 2000 Value Index. Khrom Capital’s Class A has cumulatively returned 1,168% net+, according to a letter to investors obtained by Hedge Fund Alpha.
Khrom Capital Likes These Stocks [Q2 Letter]
Khrom Capital’s Q3 portfolio moves
According to the firm’s 13F filing for the third quarter, Khrom Capital exited Sotera Health and established a new position in Universal Health Services.
The firm’s five biggest positions by percentage were Amcor, HCI Group, Acadia Healthcare, Tenet Healthcare and TD Synnex. Although those five stocks were the top five positions, Khrom Capital cut its stake in three of them, unloading 70,000 shares of HCI, more than 50,000 shares of Tenet Healthcare, and over 86,000 shares of TD Synnex. The firm also trimmed its positions in United Air Lines, Synchrony Financial, LGI Homes and Ingram Micro Holding Corp.
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