Apis Capital Advisors, an investment management company, released its “Apis Global Discovery Fund” third-quarter investor letter. The fund rose 3.7% net in Q3 2024 and is up 11.6% YTD. The MSCI ACWI SMID-Cap benchmark index was up 9.4% and up 12.5%, respectively, over the same period. Overweight positioning in Asia – particularly Korea, Japan, and Taiwan – drove the portfolio to underperform in the quarter relative to benchmarks. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.
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