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Partners in WMK’s Strategic Opportunities portfolio suffered a price decline in marketable securities in the second quarter. A broad selloff […]

Partners in WMK’s Strategic Opportunities portfolio have not been immune to the volatility of the markets this year. We entered

Partners in WMK’s Strategic Opportunities portfolio enjoyed a strong absolute return in the past year. I believe our conglomerate of

Partners in WMK’s Strategic Opportunities portfolio own a piece of a number of high-quality enterprises. While you will see multiple

Partners in WMKI’s Strategic Opportunities equity strategy continue to own a small piece of several high-quality businesses. You can take comfort knowing that our businesses are led by individuals who are either founders or management teams that exhibit founder-like qualities of passion, obsession, and a long-term time horizon.

On December 1st, 2020, a “little” company called Slack signed a definitive agreement to be purchased by the CRM behemoth Salesforce for $27.7B. The transaction represents a massive ~54% premium to Slack’s share price before the acquisition was rumored!

Partners in WMKI’s Strategic Opportunities portfolio currently own 19 high quality businesses. A few facts about the portfolio: ~33% of the portfolio is in companies headquartered in Canada or Mexico, 15 of our businesses have leadership (founders, management, board members or shareholders) who have deep “skin in the game,” and relative to the S&P 500 we are infinitely underweight Tesla!