- Q2 2025 Investor Letter McIntyre Partnerships attributes its first-half setback to index-excluded holdings lagging a rapid market rebound and a broad selloff in small-cap special situations. The portfolio remained concentrated in the pool-equipment basket, Seaport Entertainment Group, Sotera Health, Sten, and Modivcare, while Sotera’s volume recovery and Seaport’s 250 Water Street sale were presented as key catalysts. H1 2025 -19.0% SEG $349MSHC $5.6B
One letter so far. We collect each new one as McIntyre Partnerships publishes it.
