Coho Partners Relative Value Equity’s Q2 2024 Investor Letter

Coho Partners, an investment management company released its “Relative Value Equity Strategy” second quarter 2024 investor letter. In 2024, the market is led by a handful of stocks, with NVIDIA alone contributing nearly a third of the S&P 500 Index’s total return year-to-date. The Information Technology and Communication Services sectors are performing strongly, and the Russell 1000 Growth Index has almost tripled the returns of the Russell 1000 Value Index year-to-date. Economically Sensitive sectors have returned more than double that of the Demand Defensive sectors. Against this backdrop, the strategy underperformed with a -1% YTD return, relative to the Russell 1000 Value Index’s 6.6% return and the S&P 500 Index’s 15.3% return. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Coho Partners Relative Value Equity’s Q2 2024 investor letter can be downloaded here.