Sabre Arc Capital - September 2023

$772,919

The Fund ended September at $772,917 with $38,321 in cash and $4,000 in cash equivalents.

Activity

We added another $10k of Disney to our existing position as we believe the Company trades below its intrinsic value. Disney is a wonderful business with an excellent moat. We are willing to be patient as Disney sorts out its complications and setbacks over the last few years.

We received $572 in dividends, which we reinvested, from 3M, Pfizer, and Wells Fargo. And $169 in Interest throughout the money market fund. September was our best month in passive income; we received a record $742.48!