Stanphyl Capital Letter - June 2019

|
Includes: AVNW, BNDX, DBA, IWM, NFLX, TSLA, WSTL
by: Logical Thought
Summary

For June 2019, the fund was down approximately 11.5% net of all fees and expenses.

Our terrific May performance was almost completely unwound in June as our myriad short positions (the fund is currently very net short) reversed themselves.

We remain short stock and call options in Tesla.