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The Insiders Fund was up 4.16% for the month of July and 7.18% YTD. The 3-year annualized return of The Insiders Fund is at 25.72% versus the S&P 500's 13.72%.
Oil and gas remain stunningly cheap by any measure, and we've upped our exposure dramatically by adding deep-in-the-money option leaps to our core holdings.
Exxon's last earnings quarter was a revelation. The recent Denbury acquisition, combined with their own homegrown technology, makes them hands down the largest carbon capture company in the world. Exxon claims that they will singlehandedly reduce as much CO2 emissions as all of the combined efforts of ALL the EV vehicles on the road. The clean hydrogen manufacturing plant the Company is building in Texas when finished, will be the largest of its kind in the world. The company's efficiency efforts have them earning twice as much money now as they did 4 years ago when crude was selling at current levels.
Heavy underinvesting, ESG mandates, and financial discipline in the oil and gas patch have given us great investment opportunities. Lest you think we've become just a play on oil and gas, we wrote last month we owned a variety of significant asynchronous return possibilities. One that we highlighted in our partner letter, Kratos (KTOS) rose 15% on its most recent earnings. And it's just getting started.
Of course, you never know where a black swan may land, but The Insiders Fund is nimble and, as you can see time and time again, capable of large returns in a very compressed period of time.
Best Regards,
Contact us at
The Insiders Fund is consistently ranked amongst the Top 10 performing long-short hedge funds. If you would like to learn more about how you can become an insider, too, please book some time on my schedule below.
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Harvey Warren Sax
the insomniac hedge fund manager
hsax@alphawealhfunds.com
wk. (435) 658.1934
All investments involve risk. This is what keeps me up at night. Past performance is not indicative of future results. The Insiders Fund is sold by prospectus only to qualified investors. NAV Consulting provides the official records of the fund,
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