Headwaters Capital Management, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned -6.6% (gross) and -6.8% (net) in the fourth quarter compared to a 0.6% return for the Russell Mid Cap Index. For the full year the portfolio returned +14.0% (+13.1% net) compared to a +15.3% return for the index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
Headwaters Capital Management highlighted stocks like Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth...
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