Tourlite Capital Q4 2025 Investor Letter

Tippapatt/iStock via Getty Images To Our Partners: Tourlite Fund, LP returned 0.2% for the Fourth Quarter and 2.8% for the full-year 2025. Since inception, the Fund has delivered annualized returns of 8.1%, compared to 13.3% for the S&P 500 and 6.5% for the Russell 2000. 1,2 Q4 2025 2025 YTD Annualized Return 3 Tourlite 0.2% 2.8% 8.1% S&P 500 2.7% 17.9% 13.3% Russell 2000 2.2% 12.8% 6.5% Gross Contribution & Average Portfolio Exposures Gross P&L2025 YTD Q4 2025 Gross P&LQ4 2025 Avg. Dol ...