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Rowan Street 2025 Year-End Letter [Seeking Alpha]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Over the past three years, Rowan Street has generated a cumulative net return of +252%, compared with a +78% total return for the S&P 500. Over the past several years, Rowan Street has operated with a high degree of focus and discipline. We have remained invested in largely the same core group of businesses, allowing time and compounding to do the heavy lifting. nuttapong punna/iStock via Getty Images Dear Partners, In 2025, Rowan Street generated a +11.1% net return, compared with +17.9% for the S&P 500. While we underperformed the index, we still delivered a solid absolute result following two unusually strong years. Over the past three years, Rowan Street has generated a cumulative net return of +252%, compared with a +78% total return for the S&P 500. Rowan Street is a concentrated strategy built for long-term compounding, not for minimizing short-term volatility or closely tracking a benchmark. As a result, returns will differ meaningfully from year to year. Periods of
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