March closed with a modest gain of +0.4%, leaving our year-to-date performance at -2.81%, and bringing our total since inception in January 2023 to 73.28%.
It was essentially a flat month, marked by underwhelming performance mainly due to NVGS, which significantly impacted our results. Tankers remained volatile but fared reasonably well, especially in comparison to the challenges we faced in February.
We are making no changes to the model portfolio at this time. Valuations remain attractive, and I believe we are well-positioned to capitalize on future market movements.
Positions for April 2025
- DAC
- ECO
- HAFN
- INSW
- NVGS
- SBLK
- TEN
- TRMD
Portfolio Performance Tracking
