Stanphyl Capital April Letter To Investors

Stanphyl Capital's letter to investors for the month ended April 30, 2024.

Friends and Fellow Investors:

For April 2024 the fund was up approximately 4.7% net of all fees and expenses. By way of comparison, the S&P 500 was down 4.1% and the Russell 2000 was down 7.0%. Year to date the fund is up approximately 12.5% while the S&P 500 is up 6.0% and the Russell 2000 is down 2.2%. Since inception on June 1, 2011 the fund is up approximately 148.9% net while the S&P 500 is up 380.4% and the Russell 2000 is up 177.8%. Since inception the fund has compounded at approximately 7.3% net annually vs. 12.9% for the S&P 500 and 8.2% for the Russell 2000.  (The...