Lowell Capital Value Partners August 2024 Commentary: Long Thesis For This US Sports Retailer

Lowell Capital Value Partners' commentary for the month ended August 31, 2024.

Dear Partners,

Lowell Capital Value Partners, L.P. (the “Partnership”) was flat for August 2024 vs. +2.4% for the S&P 500 with dividends reinvested (all returns shown are net to investors). For 2024 year-to-date, the Partnership was +10.5% vs. +19.5% for the S&P 500 with dividends reinvested. As of August 31, 2024, the Partnership had 25 long positions (representing about 73% of total capital) and 9 short positions (representing 3% of total capital). The Partnership had no leverage and a 30% cash position giving our portfolio a net long position of about 70%.

Hedge fund letters, conferences and more

We have maintained our long position in recent months...