Argosy Investors 1H22 Letter to Investors

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Jacob Wolinsky
Published on

Dear Investors, 2022 year-to-date performance was -25.4% in select accounts. The S&P 500 by comparison returned -20.0%. We ended the quarter with 50% of the portfolio in cash and equivalents, which means that these results would have been worse without the allocation to cash. Looking into why our performance lagged the market in the second quarter (and providing the same table from the first quarter for comparison), some of our worst performers continued to be our largest positions. With all of the positions except Arlo, I feel confident in the businesses long-term despite some potential headwinds this year. Clearly Meta…

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Jacob Wolinsky is the founder of HedgeFundAlpha (formerly ValueWalk Premium), a popular value investing and hedge fund focused intelligence service. Prior to founding the company, Jacob worked as an equity analyst focused on small caps. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com FD: I do not purchase any equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds.