Wed, May 14, 9:03 PM (40 days ago)
**Nestor Partners (NEST) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Total Assets:** $115.41 million (down from $116.05 million in Q4 2024). - **Total Liabilities:** $2.796 million (up from $1.464 million in Q4 2024). - **Partners' Capital:** $112.61 million (down from $114.59 million in Q4 2024). - **Net Income:** $204,057 (down from $8,799,144 in Q1 2024). - **Net Realized and Unrealized Losses:** $473,655 (compared to gains of $7,991,605 in Q1 2024). **Revenue & Profit Margins:** - **Interest Income:** $1.271 million (down from $1.532 million in Q1 2024). - **Total Expenses:** $589,761 (down from $696,182 in Q1 2024). - **Net Investment Income:** $680,933 (down from $835,469 in Q1 2024). **Cash Flow:** - **Cash and Cash Equivalents:** $4.36 million (down from $5.70 million in Q4 2024). **Earnings Changes & Quarterly Performance:** - **Net Income Decrease:** $8.59 million (from Q1 2024 to Q1 2025). - **Net Asset Decrease:** $1.98 million (from Q4 2024 to Q1 2025). **Trends & Uncertainties:** - **Market Conditions:** Volatile due to geopolitical tensions, trade policies, and economic uncertainties. - **Trading Performance:** Mixed results across sectors, with losses in currency forwards and stock index futures outweighing gains in interest rate and commodity futures. - **Economic Outlook:** Uncertain, with potential impacts from U.S. trade policies, immigration, fiscal spending, and foreign policy initiatives. **Future Operations Impact:** - **Liquidity:** Highly liquid assets, with no significant capital expenditure or working capital requirements. - **Risk Management:** Procedures in place to control market and credit risks, but no assurance of success. - **Market Exposure:** Diversified across various sectors, with potential for both profits and losses. **Trading Performance Discussion:** - **Currency Trading:** Losses in long U.S. dollar positions against major currencies, partially offset by gains in high-yielding currencies. - **Equity Trading:** Mixed results, with losses in Asian equities and gains in European and U.K. equity index futures. - **Interest Rate Trading:** Profits from short positions in German, French, and Italian note and bond futures, partially offset by losses in U.K., European, and U.S. short-term interest rate futures. - **Commodity Trading:** Gains in gold, platinum, and aluminum, partially offset by losses in copper, nickel, zinc, and silver. Volatile energy and grain prices due to geopolitical tensions and supply concerns.