McIntyre Partnerships’ Q4 2024 Investor Letter

McIntyre Partnerships, an investment management company released its fourth quarter investor letter. McIntyre Partnerships returned approx. 2% gross and 0% net through the end of 2024 compared to the Russell 2000 Value’s ~8% return. The fund’s trailing five-year returns are about 27% gross and 22% net annually compared to benchmark’s return of about 7% annually. For the first time since 2019, the fund underperformed its benchmark in 2024, which was not a good year. The underperformance was driven by declines in several large, long-held positions in the portfolio. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

A copy of McIntyre Partnerships’ Q4 2024 investor letter can be downloaded here.