Lakewood Capital Shorting Australian Banks & Core LaboratoriesVW Staff
Lakewood Capital Management letter to investors for the second quarter ended June 30, 2016 obtained by ValueWalk- below is an excerpt discussing their short positions.
Also see Lakewood Capital 1Q16 Letter To Partner
Lakewood Capital Won Big On GT Advanced Technologies Short .
Lakewood Capital Explains Arista Networks, Woolworths Shorts ...
Lakewood Capital Short TASER International,
Pra Group (PRAA) Drops On Lakewood Capital Short
In the quarter ended June 30, 2016, the fund recorded a net gain of 1.3%. At quarter end, the fund’s equity exposure was 77.7% long and 37.9% short for a net equity exposure of 39.8%. In addition, the fund was 3.7% long and 0.2% short fixed income securities for a net fixed income exposure of 3.5%.1 capital and the top ten positions constituted 38.8% of equity capital.
Review of the Quarter
The fund generated a net gain of 1.3% in the quarter. Long equity positions generated a +2% return on capital, hedged long equity positions generated a +10% return on capital, short equity positions generated a -1% return on capital and fixed income positions generated a +8% return on capital.
Lakewood Capital on short positions
Below, I briefly discuss our views on our short positions in two Australian banks and Core Laboratories.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.