Investor Letters

Letters through September 26, 2024

1 letter reporting on the period ending September 26, 2024, in each firm's own reckoning.

Palm Harbour Capital Q3 2024 Letter Palm Harbour Capital sold Everi, PAX and Unieuro following takeover developments and deteriorating fundamentals, while building a position in M Dias Branco around operational reforms and margin recovery. The portfolio argues that OCI asset sales, IGT’s Apollo transaction and Ocean Wilson’s strategic review can unlock substantial value. third quarter 0ROF delistedDNIYY $4.2BEVRI delistedGBSMF delisted