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Here’s Why Kinsman Oak Disposed its SPDR Gold (GLD) Position
Kinsman Oak Capital Partners, an investment management firm, published its “Kinsman Oak Equity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 3.7% was delivered by the fund for the Q1 of 2021, trailing the S&P 500 Index that delivered a 6.2% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Kinsman Oak Equity Fund, in its Q1 2021 investor letter, mentioned SPDR Gold Shares (NYSE: GLD), and shared their insights on the company. SPDR Gold Shares is a US-based SPDR family of exchange-traded funds that currently has a $57.7 billion market capitalization. As of May 14, 2021, the stock closed at $172.69 per share.