Microcap Opportunities - April 2025 Portfolio Return Update

Since inception in August 2024, here are the positions and their returns.

• 22 positions

• 154.8 average days held per position

• 12.95% average return per position

That would equate to 33.25% annualized, which includes dividends.

The microcap space has been tough the last few months, with a lot of positions giving up their gains.