Arquitos Capital Management Q3 2023 Letter

Arquitos Capital Management letter to investors for the third quarter ended September 30, 2023.

Dear Partner:

Arquitos returned -1.1% net of fees in the third quarter of 2023, bringing the year-to-date return to 7.8%.

We received positive news last month on one of our larger positions, Vistry Group PLC (LON:VTY). I will provide an update on Vistry later in this letter. But first, I thought it would be helpful to provide some background on Arquitos and why I believe we are currently in a performance trough.

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I started Arquitos Capital in 2009, first offering separately managed accounts to my friends and family. At the...