July 15, 2018 David Kim

Dear friends and investors, For the quarter ending June 30, 2018 Forage Capital (“the Fund”) returned an estimated +2.7%, net of all fees and expenses compared to +3.4% for the S&P 500 Total Return Index.  At quarter-end, the portfolio was comprised of 11 companies with a median market cap of ~$27bn and its cash balance…

April 24, 2018 David Kim

Dear friends and investors, For the quarter ending March 31, 2018 Forage Capital (“the Fund”) returned an estimated +9.6%, net of all fees and expenses compared to -0.8% for the S&P 500 Total Return Index.  At quarter-end, the portfolio was comprised of 12 companies with a median market cap of ~$26bn and its cash balance…

January 4, 2017 David Kim

 “Prosperity knits a man to the World.  He feels that he is ‘finding a place in it’, while really it is finding its place in him.” The Screwtape Letters, C. S. Lewis Dear Partner,   For the quarter ending December 31, 2016, Forage Capital (“the Fund”) returned +4.1%, net of all fees and expenses compared…