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Bonhoeffer Capital Management Q2 2025 Letter
Seeking Alphaยท 2025-09-11 00:00
loveguli/E+ via Getty Images Dear Partner, Throughout the second quarter of 2025, the fund continued to sell slower-growth firms and purchased durable, faster-growing firms in temporarily depressed sectors, while identifying similar opportunities in new industries. The purchased firms align with our longer-term growth themes of consolidation (serial acquirers), buying from forced sellers, focused on financial compounders, transaction processing, affordable housing finance, distribution, infrastructure ...