Andvari Associates’ Q1 2025 Investor Letter

Andvari Associates, an investment management firm, released its first-quarter 2025 investor letter. In the first quarter the fund returned 7.2% net of fees compared to the SPDR S&P 500 ETF’s 4.3% decline. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2025.

A copy of Andvari Associates’ Q1 2025 investor letter can be downloaded here.