Artko Capital 2Q 2022 Partner Letter

For the second calendar quarter of 2022, an average partnership interest in Artko Capital LP was down 26.1% net of fees. At the same time, investments in the most comparable market indexes—Russell 2000, Russell Microcap, and the S&P 500—were down 17.2%, 19.0%, and 16.1% respectively. To date, for the 2022 calendar year, an average partnership interest in Artko Capital LP was down 33.4% net of fees. At the same time, investments in the most comparable market indexes—Russell 2000, Russell Microcap, and the S&P 500—were down 23.4%, 25.1%, and 20.0% respectively. Our detailed results and related footnotes are available in the table at the end of this letter. Our results this quarter came from Currency Exchange International while the rest of the portfolio declined with the broader markets.