Broyhill Equity Q2 2025 Commentary

Broyhill Equity commentary for the second quarter ended June 30, 2025.

Broyhill’s equity strategy returned 3.7% in the second quarter, net of all fees and expenses, building on gains from the first quarter but underperforming the sharp rally across global markets. The MSCI All Country World Index returned 11.7% for the second quarter. Detailed quarterly reports, including account and benchmark performance, portfolio holdings, and transaction history, have been posted to our investor portal.

Looking across the entire first half of 2025 provides a more holistic view of recent performance. The first quarter kicked off with considerable volatility as the market digested various developments in the tech sector, before a new tariff regime proposed in April resulted in more...