Rowan Street Capital performance update for the first half ended June 30, 2023.
Q2 2023 hedge fund letters, conferences and more
Dear Partners,
Rowan Street gained +78.5% for the first half of 2023 compared to +16.8% gain for the S&P 500 Index. The strongest contributors to our outperformance were: Spotify +103%, Meta +138%, Trade Desk +72% and Shopify +86%. Below we listed some historical annual returns for our top core holdings. As you can see, in any given calendar year stock returns can be very erratic, depending on the mood that Mr. Market is...
