Patient Capital 的股票策略在市场波动中表现出色

Patient Capital Management 的“Patient Capital 机会股票策略”在 2024 年第一季度的回报率为 11.8%，跑赢标准普尔 500 指数（10.6%）。 Coinbase Global (COIN) 的优异表现得益于比特币 ETF 的批准。尽管最近 1 个月的回报率为 -19.25％，但由于其在加密生态系统中的强势地位以及加密市场的长期增长潜力，COIN 的股价在过去一年中上涨了 312.53％。

Patient Capital Opportunity Equity Strategy Q1 2024 Investor Letter

耐心资本机会股票策略 2024 年第一季度投资者信函

Overview

概述

Patient Capital Management, a value investment firm, recently released its investor letter for the first quarter of 2024 for its Patient Capital Opportunity Equity Strategy. The strategy outperformed the S&P 500 during the quarter, returning 11.8% net of fees compared to the S&P 500's 10.6% return. This outperformance was primarily driven by stock selection and allocation effects, partially offset by interaction effects.

价值投资公司 Patient Capital Management 最近发布了 2024 年第一季度 Patient Capital 机会股权策略的投资者信函。该策略本季度的表现优于标准普尔 500 指数，扣除费用后的回报率为 11.8%，而标准普尔 500 指数的回报率为 10.6%。这种优异表现主要是由选股和配置效应推动的，但部分被交互效应所抵消。

Top Holdings

拓普控股

The strategy's top holdings for the first quarter of 2024 included Coinbase Global, Inc. (NASDAQ: COIN). Coinbase, headquartered in Wilmington, Delaware, provides financial infrastructure and technology for the crypto economy. As of April 22, 2024, COIN shares closed at $225.86 per share.

该策略 2024 年第一季度的重仓股包括 Coinbase Global, Inc.（纳斯达克股票代码：COIN）。 Coinbase 总部位于特拉华州威尔明顿，为加密经济提供金融基础设施和技术。截至 2024 年 4 月 22 日，COIN 股价收于每股 225.86 美元。

Coinbase Global, Inc. (COIN)

Coinbase Global, Inc. (COIN)

In the investor letter, Patient Capital Opportunity Equity Strategy discussed its investment in Coinbase Global, Inc. (COIN), noting the company's role in the growing cryptocurrency industry. The firm highlighted the approval of 11 new spot Bitcoin ETFs, which opened Bitcoin to new investors and resulted in significant inflows into Bitcoin assets. Coinbase, as a major player in the crypto ecosystem, benefited from these developments.

在投资者信中，Patient Capital Opportunity Equity Strategy 讨论了其对 Coinbase Global, Inc. (COIN) 的投资，并指出了该公司在不断发展的加密货币行业中的作用。该公司强调了 11 个新的现货比特币 ETF 的批准，这向新投资者开放了比特币，并导致大量资金流入比特币资产。 Coinbase 作为加密生态系统的主要参与者，从这些发展中受益。

The firm also emphasized Coinbase's efforts in building a robust platform for crypto, investing throughout the recent crypto winter to widen its competitive advantage. The firm believes that COIN has the potential to become the leading platform for crypto trading and other services.

该公司还强调了 Coinbase 在构建强大的加密平台方面所做的努力，并在最近的加密冬季进行投资以扩大其竞争优势。该公司相信 COIN 有潜力成为加密货币交易和其他服务的领先平台。

Hedge Fund Interest

对冲基金利息

According to the investor letter, Coinbase Global, Inc. (COIN) was held by 41 hedge fund portfolios at the end of the fourth quarter, up from 27 in the previous quarter. This indicates growing interest in the company among hedge funds.

根据投资者信函，截至第四季度末，Coinbase Global, Inc. (COIN) 由 41 个对冲基金投资组合持有，高于上一季度的 27 个。这表明对冲基金对该公司的兴趣日益浓厚。

Conclusion

结论

Patient Capital Opportunity Equity Strategy's investment in Coinbase Global, Inc. (COIN) reflects the firm's belief in the potential of the cryptocurrency industry and Coinbase's position as a leading player in this space. While the firm acknowledges the volatility in the crypto market, it remains optimistic about COIN's long-term prospects.

Patient Capital Opportunity Equity Strategy 对 Coinbase Global, Inc. (COIN) 的投资反映了该公司对加密货币行业潜力的信心以及 Coinbase 作为该领域领先企业的地位。尽管该公司承认加密市场的波动性，但仍对 COIN 的长期前景持乐观态度。

Disclosure

披露

The article is based on information from Insider Monkey and does not represent any endorsement or recommendation from the author or any other party. Investors should conduct their own due diligence before making any investment decisions.

本文基于 Insider Monkey 的信息，并不代表作者或任何其他方的任何认可或推荐。投资者在做出任何投资决定之前应自行进行尽职调查。