May is here and so is a new scoreboard update. Things aren’t too much different than last month. Our overall return is about the same, and the annualized is smoothing out with a little more time in the rearview mirror. A few positions have done well and gone up for us, but they are sadly dragged down by Starbucks cratering this week. All in all not so bad though. We are sitting at ~50% flat return and 97% annualized. This is a busy month for me so there may not be as many posts, but I will do what I can. Full scores below!
Regards,
S.