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Vilas Capital Fund Up 17.7% In April; 65% YTD Gain [Stat Sheet]

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Jacob Wolinsky
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Vilas Capital Fund performance review for the month ended April 30, 2019.

Q1 hedge fund letters, conference, scoops etc

Dear Partners,

The Fund had a good April, rising 17.7% +/-.  Further, due to an earnings beat, CVS and a few other stocks we own are up materially today, May 1.  This brings our year-to-date performance up to a roughly 65% gain.  Making our way back slowly but surely.

The table below shows the year by year performance of value stocks vs growth stocks since 1999.  Value stocks are only up 3.5% per year since 2006, which basically can be accounted for by their dividends alone.  Thus, despite earnings power that has roughly doubled over this 12+ year period, the stocks are flat,...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.