Kingfish has reported strong performance for the December quarter and the 2024 calendar year.
The company's gross performance return for the December quarter was 7.9%, while the adjusted net asset value (NAV) return was 6.8%.
In comparison, the S&P/NZX50G benchmark index had a return of 5.5%.
For the 2024 calendar year, Kingfish achieved gross performance returns of 25.7% and adjusted NAV returns of 22.5%, surpassing the benchmark return of 11.4%.
Kingfish's focus on high-quality growth companies with wide economic moats and offshore businesses contributed to its success, even in a challenging New Zealand economy.
The company's largest position, Fisher & Paykel Healthcare, had a total return of 65% in 2024.
Other strong performers in Kingfish's portfolio included cinema software company Vista and growth infrastructure investor Infratil.
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