Anthony Bozza's Lakewood Capital generated a net return of 4.1% in the second quarter of this year, according a recent investor letter seen by ValueWalk. Lakewood should be up around 5% for the year when combining first quarter returns with Q2.
Bozza made the highest gains in Micron Technology, Inc. (NASDAQ:MU) and Spirit AeroSystems Holdings, Inc. (NYSE:SPR) in the past quarter. The fund added to its position in Spirit AeroSystems after the stock fell in the first quarter. The fund believes that the company has at least a 20% upside, and is therefore valuable to hold.
Lakewood’s thesis on Tetragon Financial
Tetragon Financial Group Limited (AMS:TFG) (OTCMKTS:TGONF) is one of Lakewood's longest-held positions; the fund has been invested...
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