Persimmon Long/Short Fund Class I Shares (LSEIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
16.04
-0.05 (-0.31%)
Jul 11, 2025, 4:00 PM EDT
5.87%
Fund Assets39.53M
Expense Ratio1.92%
Min. Investment$100,000
Turnover449.00%
Dividend (ttm)n/a
Dividend Yieldn/a
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend Daten/a
Previous Close16.09
YTD Return3.62%
1-Year Return5.88%
5-Year Return58.34%
52-Week Low13.88
52-Week High16.11
Beta (5Y)n/a
Holdings380
Inception DateDec 31, 2012

About LSEIX

The Persimmon Long/Short Fund Class I Shares is a U.S.-based mutual fund designed to pursue long-term capital appreciation through an actively managed long/short equity strategy. The fund invests primarily in U.S. exchange-listed equities, including common stocks, preferred stocks, and depositary receipts, maintaining at least 70% allocation to these instruments under normal market conditions. It holds a diversified portfolio across major sectors, with notable allocations to leading companies such as Apple, Microsoft, NVIDIA, and Amazon. The fund employs a three-pronged approach: selecting individual securities for potential outperformance, hedging against broad market downturns by taking short positions (often via exchange-traded funds), and aiming to minimize the tax impact of distributions for shareholders. This structure allows the fund to seek returns from both rising and falling equity markets, making it a versatile option for investors looking for exposure to U.S. equities with an added layer of risk management and tax efficiency. Managed by an experienced team since 2012, the fund plays a strategic role in portfolios seeking diversification beyond traditional long-only equity exposure.

Fund Family Persimmon Funds
Category Options Trading
Stock Exchange NASDAQ
Ticker Symbol LSEIX
Share Class Class I Shares
Index Index is not available on Lipper Database

Performance

LSEIX had a total return of 5.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.41%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
VMNVXVanguardVanguard Global Minimum Volatility Fund Admiral Shares0.14%

Top 10 Holdings

35.13% of assets
NameSymbolWeight
Apple Inc.AAPL8.26%
Microsoft CorporationMSFT7.01%
NVIDIA CorporationNVDA4.77%
Amazon.com, Inc.AMZN3.96%
Alphabet Inc.GOOGL2.20%
Berkshire Hathaway Inc.BRK.B1.99%
Alphabet Inc.GOOG1.94%
Broadcom Inc.AVGO1.72%
First American Government Obligations FundFGXXX1.69%
Eli Lilly and CompanyLLY1.58%
View More Holdings