Hawk Ridge Management returned 5% for the first quarter, outperforming the S&P 400’s 3.8% return. The firm averaged a net exposure of 43%, ending the quarter with an adjusted gross exposure of 129%. During the first quarter, the fund’s five biggest winners were Super Micro Computer, Appian, Flutter Entertainment, Leonardo and Squarespace. On the other hand, Hawk Ridge’s five biggest detractors were Livanova, Tradeweb Markets, International Flavors & Fragrances, Acadia Healthcare and Cognizant. Q1 2023 hedge fund letters, conferences and more Fund Updates Hawk Ridge’s alpha short exposure remained higher than its historical levels, at 24% at the end of…
Top Long/ Short Fund Goes Long On Live Nation, Shorts This Stock [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
