Published on 27 Nov 2023 on Insider Monkey via Yahoo Finance
Here’s Why Fairfax Financial Holdings Limited (FRFHF) Outperformed in Q3
Alphyn Capital Management, an investment management firm, released its third-quarter 2023 investor letter. The same can be downloaded here. The Master Account of the fund returned -1.1% net in the third quarter compared to -3.3% for the S&P500 Index. As of September 30, 2023, the top ten holdings accounted for approximately 71% of the portfolio, and approximately 8.6% of the portfolio was held in cash. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Alphyn Capital Management highlighted stocks like Fairfax Financial Holdings Limited (OTC:FRFHF) in the third quarter 2023 investor letter. Headquartered in Toronto, Canada, Fairfax Financial Holdings Limited (OTC:FRFHF) provides property and casualty insurance, and reinsurance, and investment management. On November 24, 2023, Fairfax Financial Holdings Limited (OTC:FRFHF) stock closed at $912.05 per share. One-month return of Fairfax Financial Holdings Limited (OTC:FRFHF) was 10.05%, and its shares gained 58.18% of their value over the last 52 weeks. Fairfax Financial Holdings Limited (OTC:FRFHF) has a market capitalization of $22.272 billion.
Alphyn Capital Management made the following comment about Fairfax Financial Holdings Limited (OTC:FRFHF) in its Q3 2023 investor letter: