Merion Road Capital Q2 2025 Investor Letter
Merion RoadSmall Cap Fund IWM(Russell 2000) Barclay HedgeFund Index MRCM LongOnly Large Cap SPY(S&P 500) AnnualizedSince Inception 15.2% 8.6% 6.2% AnnualizedSince Inception 13.5% 13.4% Q2 2025 3.9% 8.5% 5.1% Q1 2025 8.0% 10.8% 2025 (4.2%) (1.9%) 5.1% 2025 6.0% 2024 17.4% 11.4% 9.4% 2024 32.4% 24.9% 2023 11.5% 16.4% 9.3% 2023 38.7% 25.7% 2022 (8.5%) … Read more