Middle Coast Investing, an investment advisor firm, released its first-quarter investor letter. A copy of the letter can be downloaded here. Middle Coast Investing had a difficult but manageable first quarter, but everyone has suffered since the Liberation Day crash at the beginning of the second quarter. To manage the volatility, the firm decided to increase cash goal levels by roughly 5% for each portfolio. In the quarter, the firm sold 3% more than it bought. In Q1 2025, the US Portfolios returned -3.7% compared to -4.6% for the S&P 500. It’s Core U.S. portfolios returned -0.7% while Russell 2000 returned -9.8%, S&P 600 returned -9.3% and Nasdaq generated -10.4% for the same period. However, its European Portfolios appreciated by 9.2%. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first quarter 2025 investor letter, Middle Coast Investing emphasized stocks such as DallasNews Corporation (NASDAQ:DALN). DallasNews Corporation (NASDAQ:DALN) publishes and sells newspapers in Texas. The one-month return of DallasNews Corporation (NASDAQ:DALN) was -25.49%, and its shares gained 10.88% of their value over the last 52 weeks. On April 15, 2025, DallasNews Corporation (NASDAQ:DALN) stock closed at $4.18 per share with a market capitalization of $22.373 million.
Middle Coast Investing stated the following regarding DallasNews Corporation (NASDAQ:DALN) in its Q1 2025 investor letter:
“We added a fair deal to our position of DallasNews Corporation (NASDAQ:DALN). At its quarter closing price, it traded for at most negative $6.1M when you factor in the most recent sale of its building according to my math.
