Palm Valley Capital Management’s Q2 2024 Investor Letter

Palm Valley Capital Management, an investment management firm, released the “Palm Valley Capital Fund” second quarter 2024 investor letter. In the second quarter, Palm Valley Capital Fund increased 0.79% compared to a 3.11% and 3.64% decline for the S&P SmallCap 600 Index and the Morningstar Small Cap Index, respectively. In Q2, small caps continued their trend of underperforming big caps. The fund’s equity securities saw a slight increase of +0.24% in Q2 before operational expenses (fees). On the other hand, interest received on Treasury bills boosted quarterly profit. At the end of the period, cash equivalents made up 81.4% of the firm’s assets. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Palm Valley Capital Management’s Q2 2024 investor letter can be downloaded here.