GrizzlyRock is long shipping and short semiconductors [In-Depth]

GrizzlyRock was up 2% net for the fourth quarter and 19.77% net for all of 2019. The fund’s long book contributed 11.4% for the fourth quarter and 35.3% for all of 2019. The short book was down 8.8% for the fourth quarter and 11% for all of 2019.

“Astounded by the complacency”

In his 2019 annual letter to investors, which was reviewed by ValueWalk, Managing Partner Kyle Mowery said they tend to research companies “largely away from the noise of Wall Street and the related cacophony of talking heads, sell side research, and financial news.”