Deep Sail Capital Partners Q4 2024 Investor Letter

2025-01-24 06:05:00 ET

Summary

• Deep Sail Capital Partners returned 38.1% net of fees in 2024, outperforming benchmarks significantly, driven by strong performance in the long portfolio.
• The fund capitalized on the Quantum AI bubble, shorting overvalued speculative stocks, while maintaining a strategic focus on high-quality, enduring companies.
• Shelly Group's strategic expansion into smart home software and hardware, along with geographic growth, positions it for substantial long-term growth.
• Increased short exposure in 2025 anticipates market turbulence due to government spending cuts and inflation, presenting significant opportunities for the fund.

Investors,

In 2024, Deep Sail Capital Partners (the "Fund") returned 38.1% net of fees while averaging 86% net long exposure. In the fourth quarter of 2024, the fund returned 11.8% net of fees. Please consult your individual capital account statements for your individual net returns....

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