Published on 30 Jan 2023 on Insider Monkey via Yahoo Finance
Alphyn Capital Management, an investment management firm, released its fourth-quarter 2022 investor letter. The same can be downloaded here. The fund returned 20.4% in the fourth quarter compared to a 7.6% return for the S&P500 Index. For 2022, the fund returned -20.8% compared to the -18.1% return for the S&P 500 Index. The top 10 positions comprised 78% of the portfolio as of 31 December 2022, and the portfolio held 1% in cash. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Alphyn Capital highlighted stocks like Wayfair Inc. (NYSE:W) in the Q4 2022 investor letter. Headquartered in Boston, Massachusetts, Wayfair Inc. (NYSE:W) is an e-commerce company that operates worldwide. On January 30, 2023, Wayfair Inc. (NYSE:W) stock closed at $58.68 per share. One-month return of Wayfair Inc. (NYSE:W) was 79.12%, and its shares lost 63.90% of their value over the last 52 weeks. Wayfair Inc. (NYSE:W) has a market capitalization of $6.286 billion.
Alphyn Capital made the following comment about Wayfair Inc. (NYSE:W) in its Q4 2022 investor letter: