Lowell Capital Value Partners commentary for the third quarter ended September 30, 2023.
Dear Partners,
Lowell Capital Value Partners, L.P. (the “Partnership”) was +3.4% in August 2023 vs. (1.6) % for the S&P 500 with dividends reinvested (all returns shown are net to investors). For 2023 year-to-date, the Partnership was +20.5% vs. +18.7% for the S&P 500 with dividends reinvested. As of August 31, 2023, the Partnership had 23 long positions (representing about 70% of total capital) and 9 short positions (representing 3% of total capital). The Partnership had no leverage and a 33% cash position giving our...