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...