Saga Partners Q2 2019 Investor Letter

Aug. 07, 2019 9:17 AM ETMETA, LIMAF, TRUP, TTD, UA, LNR:CA2 Comments
Saga Partners profile picture
Saga Partners


  • Saga Partners is a fundamental, long-only, public equity portfolio with the goal to provide returns above the general market over the long-term.
  • The Portfolio has a long-term investing philosophy, seeking high-quality companies, growing intrinsic value at attractive prices.
  • During 2Q19, the Saga Portfolio increased 11.3% net of fees. This compares to the overall increase, including dividends, for the Russell 2000 and S&P 500 Index of 2.1% and 4.3%,respectively.


This article was written by

Saga Partners profile picture
Saga Partners manages a fundamental, long-term, investment portfolio for clients. The Portfolio is a fundamental, long-only, public equity investment strategy. Its goal is to provide returns above the general market over the long-term. Saga takes a long-term horizon when investing, looking for a few high-quality companies selling below intrinsic value. Companies are selected based on three main criteria: 1. Is the company building a durable competitive advantage? 2. Is management high-caliber and think/act like owners? 3. Does the current price provide an attractive return if the company is owned for 10+ years? Good opportunities are difficult to find, so if a company meets all three criteria, the Portfolio will take fairly concentrated positions in its highest conviction ideas, typically holding around 10 companies.

Disclosure: I am/we are long TTD, LIMAF, FB, TRUP, UA. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.