Investor Letters

Letters through June 30, 2021

1 letter reporting on the period ending June 30, 2021, in each firm's own reckoning.

Palm Harbour Capital Letter 2021 Q2 | 236 KB Palm Harbour Capital sold portions of winners to fund laggards, exited three holdings and added three. It argues that undervalued, cash-generative businesses offer protection against inflation and deflation, and sets out investment cases for C Uyemura’s PCB chemicals niche and Ginebra San Miguel’s Philippine gin franchise. second quarter 0NFS 0ROF delisted4966 $1.9B