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Year End 2023 Letter

Reading Time: approximately 12 minutes. Click here to read this letter in PDF Format. Dear GreenWood Investor: Fundamental Momentum “Opportunities multiply as they are seized.” —Sun Tzu We are pleased to report a year of good progress for our investors,…

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First Quarter 2021 Letter

Estimated Reading Time: 6 minutes Click here to read this letter in PDF format. Speed Read:  Our Global Micro Fund delivered returns of 23.3%, while the euro-denominated Luxembourg fund returned 24.6%. Our Global Micro separate accounts returned 18.5% while our…

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Second Quarter 2016 Updates

Please click here to read our brief quarterly letter reviewing our opportunity set and a couple new positions. Additionally, our presentation on EXOR was selected by the Ira Sohn foundation as a finalist in the stock-picking contest. I’m convinced the…

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Fourth Quarter 2015 Letter

Please click here to read our short quarterly letter reviewing our year, and how we’re thinking about the beginning of 2016 - which has of course been full of fireworks! Summary: Prior to the year, we already trimmed or eliminated some illiquid and…

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Third Quarter 2015 Letter

Our third quarter letter reviews our process and its increasing ability to predict future returns. Every time our portfolio's risk-adjusted return has hit high levels, subsequent performance has been strong. It remains above 20x, and above the previous record-high from…

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Toro Italiano

While we love to shy away from talking macro, the Italian economy has undeniably turned the corner with its foot on the gas. We’re very well positioned for the renaissance. Speed Read:  We’re Italian Bulls: early cycle industries are improving…

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