Southpoint Qualified Fund declined 1.5% net for the first quarter, while Southpoint Qualified Offshore Fund lost 1.6%. Meanwhile, the S&P 500 gained 7.5% and the Russell 2000 rose 2.7% for the first quarter. The Southpoint funds averaged 114% long and 60% short during the quarter. Their long positions contributed 3.1% to their first-quarter return, while their shorts subtracted 4.2%. Southpoint’s average long increased 3.1% in value, while its average short grew 7.3% in value during the quarter. Q1 2023 hedge fund letters, conferences and more Southpoint’s Largest Contributor In their first-quarter letter to investors, which was obtained by ValueWalk, the…
SouthPoint Won With A Quick Long Stake In Meta Platforms, Still Likes Homebuilders [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
