Andvari Associates, an investment management firm, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. For the nine months of 2024, the portfolio appreciated 20.3% net of fees while the SPDR S&P 500 ETF rose 21.9%. Andvari's net performance started to catch up with the market in July and August. Investors switched from the biggest and best-performing S&P stocks to several of Andvari holdings that had been underperforming the market. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.
Andvari Associates...
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