SVN Capital, the international small-cap value fund managed by Shreekkanth Viswanathan, added 29.4% in the first half of 2023, according to a copy of the firm's first half letter, which ValueWalk has been able to review.
All of the companies in the portfolio performed well during the first six months of the year, most notably Copart, Inc., the largest salvage yard company in the US. After falling 20% in 2022, it has gained 50% in 2023.
Q2 2023 hedge fund letters, conferences and more
Top-performing Holdings
The company struggled during the pandemic as the demand for second-hand vehicles rose, mainly due to supply chain constraints. That meant fewer vehicles were coming to...
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