Greenhaven Street Capital, an funding administration firm, launched its second-quarter 2025 investor letter. A replica of the letter may be downloaded right here. A replica of the letter may be downloaded right here. Within the second quarter, the fund returned roughly +14% web of charges and bills, bringing the YTD returns to beneath +1%. YTD, the Russell 2000 has returned -1.8%. As well as, you may test the fund’s prime 5 holdings to find out its greatest picks for 2025.
In its second-quarter 2025 investor letter, Greenhaven Street Capital highlighted shares comparable to KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is an fairness and actual property funding agency. The one-month return of KKR & Co. Inc. (NYSE:KKR) was -2.60%, and its shares gained 19.01% of their worth over the past 52 weeks. On August 18, 2025, KKR & Co. Inc. (NYSE:KKR) inventory closed at $141.20 per share, with a market capitalization of $125.8 billion.
Greenhaven Street Capital said the next concerning KKR & Co. Inc. (NYSE:KKR) in its second quarter 2025 investor letter:
“KKR & Co. Inc. (NYSE:KKR) – KKR shares had been down greater than 8% within the first half of the 12 months, in step with a lot of the publicly traded “various asset managers”. Explaining short-term share worth declines is at all times a type of hypothesis, however investor pessimism appeared to be associated to tariff impacts and institutional investor fatigue. Different asset managers have benefitted in recent times as college endowments steadily elevated their allocations to “privates” with many endowments investing 40% or extra within the asset class. The mixture of decrease fundraising, endowment taxes, and illiquidity of other property has led each Harvard and Yale to borrow billions of {dollars} to fund their operations and funding obligations and have, or been rumored to have, offered a few of their illiquid non-public holdings at a ten% or better low cost to their said worth.
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