The Optimist Fund Q3 2024 Quarterly Letter [Seeking Alpha]
First Advantage Corporation (FA)
Company Research
Source: Seeking Alpha
The Optimist Fund Follower s Follow Summary The Optimist Fund appreciated 28% in Q3, driven by strong performance from Carvana, HelloFresh, and Revolve, achieving an 11.5% annualized return over five years. Increased investment in HelloFresh due to signs of stabilization and better-than-expected profitability; initiated a new position in First Advantage, poised for significant growth. Latham Group, a top 10 holding, is expected to see substantial earnings growth as fiberglass pool penetration increases and the pool market normalizes. Despite some disappointments with Smartsheet and Wayfair, the fund remains optimistic about future returns and sees potential for the portfolio to 5x in five years. Erikona To the partners of Optimist Fund In Q3, the fund appreciated approximately 28%, fueled by strong fundamental performance across our holdings. Key portfolio changes included increasing our investment in HelloFresh ( OTCPK:HLFFF ) and initiating a new position in F
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FA
Earnings
- 11/12/24 - Beat
FA
Sec Filings
- 12/2/24 - Form 144
- 11/20/24 - Form 4
- 11/18/24 - Form 4
- FA's page on the SEC website