NicoElNino/iStock via Getty Images Dear Partners, SRK Fund I, LP increased 46.94% during the first half of 2025. In contrast, the S&P 500 ((SP500), (SPX)) and the Russell 2000 returned 6.20% and -1.78%, respectively. Since inception, the Fund has appreciated 1200.66% compared to 162.30% for the S&P 500 and 55.46% for the Russell 2000. SRK Fund I, LP Returns (%) as of June 30, 2025 YTD 2024 2023 2022 2021 2020 2019 Since Inception* SRK Fund I 46.94% -8.74% 17.15% 35.31% 46.71% 127.72% 77.99% 1200. ...