After a fourth-quarter return of 3.3%, Hawk Ridge Capital returned 11.6% for 2023, coming up slightly short of its benchmark, the S&P 400, which gained 16.4%. However, 2023 marked Haw Ridge’s 15th straight year of positive absolute returns and has now annualized at 12% net since its inception after only one down year in its 18-year history. Big winner: Super Micro Computer In his 2023 letter to investors, Chief Investment Officer David Brown said their biggest winner in 2023 was Super Micro Computer Inc (NASDAQ:SMCI), which contributed 264 basis points to their net performance. The fund has been investing in…
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- Big winner: Super Micro Computer
- Big winner: Leonardo
- Hawk Ridge's biggest winners in 2023
- Big detractor: Bio-Rad Laboratories
- Big detractor: International Flavors & Fragrances
- Hawk Ridge's biggest detractors in 2023
- Big short winner: Inspire Medical Systems
- Big short detractor: Advanced Drainage Systems
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