Clipping into a New Position: Peloton

October 22, 2024

(Below is a Peloton Update we recently sent out with our quarterly letter and commentary on today’s Costco developments).

Clipping-in to a New Position

Let’s shift gears for a bit.  As we noted in our last letter, we’ve begun to take a deeper dive into other sectors as the oil thesis plays out.  No we’ve not abandoned it, but we need to flex the portfolio a bit and take advantage of other opportunities we see in the marketplace.  So with that, we welcome a new position for us . . . Peloton.