---
title: Second Quarter 2012 Performance Commentary
description: The stock market took a breather in the second quarter, falling 2.8%.  If it hadn’t been for a stronger June, the results could have been worse. The Broadl
---

# Second Quarter 2012 Performance Commentary

 Jul 5, 2012 12:00:00 AM   /  Admin

[Economic Updates](https://broadleafpartners.com/economic-updates) [Institutional Investment Management](https://broadleafpartners.com/economic-updates/tag/institutional-investment-management)

The stock market took a breather in the second quarter, falling 2.8%.  If it hadn’t been for a stronger June, the results could have been worse. The Broadleaf Growth Equity Portfolio (BGEP) declined more than the S&P 500 as our positions in the consumer discretionary and technology sectors were pressured more than the market as a whole. Since inception nearly seven years ago, the BGEP has gained 5.6% per year net of fees, approximately 1.8% per year more than the S&P 500 over the same time period. For details on our firm’s performance results, our investment outlook, and related disclosures, please read the attached [Performance Review ](https://broadleafpartners.com/wp-content/uploads/2012/07/Broadleaf-Q2-2012.pdf).

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