Focus Capital Management, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund performed poorly in the fourth quarter compared to the broader market, returning –4.7% compared to the S&P 500’s return of +2.8%. This ends a disastrous year for the Fund, which returned –27.6% for the full year, compared to the S&P 500’s return of +25.5% over the same time period. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
In its fourth quarter 2024 investor letter, Focus...
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