The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
We don't track every hedge fund, only the ones who publish letters to their investors. Their writeups are the highest-signal reading in finance, and we've collected thousands in one searchable hedge fund letters database.
| # | Fund ↕ | Strategy | Style | Geo | AUM ↕ | QTD ↕ | YTD ↕ | SI ↕ | Latest Letter ↓ |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Third Point Partners Daniel S. Loeb Hedge Fund | Large Cap | Quality Compounder | Asia | Undisclosed | +7.7% | N/A | +13.2% | Q2 2026 Letter → |
| 2 | Greenlight Capital Greenlight Capital, Inc. Hedge Fund | Small Cap | Quality Compounder | US | $2.5B | -4.3% | +1.9% | +12.7% | Q2 2026 Letter → |
| 3 | Horizon Kinetics Murray Stahl Hedge Fund | Mid Cap | Quality Compounder | US | $10.4B | N/A | N/A | N/A | Q2 2026 Letter → |
| 4 | DKAM Donville Kent Asset Management Jason & Jesse Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | +45.3% | Q2 2026 Letter → |
| 5 | Goehring & Rozencwajg Associates, LLC Leigh R. Goehring Hedge Fund | Small Cap | Quality Compounder | Global | Undisclosed | N/A | N/A | N/A | Q2 2026 Letter → |
| 6 | Robotti Value Investors Bob Mutual Fund | Smid Cap | Quality Compounder | US | $707.6M | N/A | N/A | N/A | Q2 2026 Letter → |
| 7 | Ennismore European Smaller Companies Fund Margaret Webb Hedge Fund | Small Cap | Quality Compounder | Europe | Undisclosed | N/A | -3.1% | +10.8% | Q3 2026 Letter → |
| 8 | Kingdom Capital Advisors KCA Value Composite David Bastian Hedge Fund | Small Cap | Value | - | - | -15.5% | +2.2% | +18.7% | Q3 2026 Letter → |
| 9 | Regency Wealth Management Timothy G. Parker, Mark D. Reitsma, Bryan D. Kabot Advisory / Asset Manager | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 10 | Silverman + Associates Wealth Management Institutional Team Advisory / Asset Manager | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 11 | Sparrow Wealth Management Christopher Jones Advisory / Asset Manager | Small Cap | Quality Compounder | Global | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 12 | ACATIS Investment Dr. Hendrik Leber Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | +9.2% | Q3 2026 Letter → |
| 13 | Chevy Chase Trust Amy P. Raskin Mutual Fund | Large Cap | Quality Compounder | US | $36.0B | N/A | N/A | N/A | Q3 2026 Letter → |
| 14 | ClearBridge Investments Large Cap Growth Strategy Erica Furfaro, Margaret Vitrano Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 15 | NS Partners James Macpherson Hedge Fund | Mid Cap | Quality Compounder | Europe | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 16 | Vltava Fund Daniel Gladiš Hedge Fund | Small Cap | Quality Compounder | Europe | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 17 | Orbis Global Equity Fund Brent Jackson Hedge Fund | Mid Cap | Contrarian | Global | $5.8B | N/A | N/A | N/A | Q3 2026 Letter → |
| 18 | Orbis International Equity Graeme Forster, Bo Sang Hedge Fund | Small Cap | Quality Compounder | Asia | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 19 | Thornburg Global Opportunities Fund Brian McMahon Hedge Fund | Small Cap | Quality Compounder | Latin America | $1.7B | +2.5% | +11.7% | +11.4% | Q3 2026 Letter → |
| 20 | Thornburg Investment Income Builder Fund Matt Burdett, Christian Hoffmann, Brian McMahon Hedge Fund | Small Cap | Value | - | - | -0.1% | +16.0% | +10.7% | Q3 2026 Letter → |
| 21 | Macro ops Brandon Beylo Family Office / Individual | Small Cap | Quality Compounder | Global | Undisclosed | N/A | +45.0% | +23.8% | Q3 2026 Letter → |
| 22 | Cedar Grove Capital Management Paul Cerro Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | -12.7% | -26.2% | N/A | Q3 2026 Letter → |
| 23 | QuantStreet Capital Institutional Team Hedge Fund | Small Cap | Value | - | - | N/A | N/A | N/A | Q3 2026 Letter → |
| 24 | Financial Synergies Wealth Advisors Mike Minter Advisory / Asset Manager | Smid Cap | Quality Compounder | US | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 25 | Rigden Capital Strategies Joshua Rigden Hedge Fund | Small Cap | Quality Compounder | US | $104.1M | N/A | N/A | N/A | Q3 2026 Letter → |
| 26 | Reams Asset Management Mark M. Egan, CFA Hedge Fund | Small Cap | Quality Compounder | Asia | $33.0B | N/A | N/A | N/A | Q3 2026 Letter → |
| 27 | Atrium Research Ben Pirie & Nicholas Cortellucci Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | +1.7% | Q3 2026 Letter → |
| 28 | Recurve Capital Aaron Chan Family Office / Individual | Small Cap | Quality Compounder | US | Undisclosed | N/A | -18.2% | N/A | Q3 2026 Letter → |
| 29 | Infuse Partners Ryan Reeves ETF | Small Cap | Quality Compounder | Global | Undisclosed | N/A | -23.4% | +20.0% | Q3 2026 Letter → |
| 30 | Advisory Research - Global Select Dividend Adam Steffanus Family Office / Individual | Smid Cap | Quality Compounder | Global | $836.6M | N/A | N/A | +9.4% | Q3 2026 Letter → |
| 31 | Protean Small Cap Pontus Dackmo Hedge Fund | Small Cap | Quality Compounder | Asia | Undisclosed | N/A | +11.1% | +9.8% | Q3 2026 Letter → |
| 32 | Norbury Capital Norbury Capital Hedge Fund | Small Cap | Quality Compounder | Europe | Undisclosed | N/A | +12.7% | N/A | Q3 2026 Letter → |
| 33 | Gymkhana Partners Andrei Stetsenko, Stephen Farley Hedge Fund | Small Cap | Quality Compounder | Asia | Undisclosed | N/A | -4.0% | +11.3% | Q3 2026 Letter → |
| 34 | Royce Investment Partners Small Cap Francis Gannon Hedge Fund | Large Cap | Value | US | $12.5B | N/A | N/A | +13.9% | Q3 2026 Letter → |
| 35 | Night Watch Investment Management Roderick van Zuylen Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | +0.8% | +16.8% | +18.4% | Q3 2026 Letter → |
| 36 | Glass Lake Wealth Management Jim Krapfel Family Office / Individual | Small Cap | Quality Compounder | US | $25.4M | N/A | N/A | N/A | Q3 2026 Letter → |
| 37 | Minotaur Global Opportunities Fund Minotaur Capital Management Pty Ltd Family Office / Individual | Small Cap | Quality Compounder | Asia | $31.0M | -1.4% | N/A | +18.5% | Q3 2026 Letter → |
| 38 | UOB Asset Management Chong Jiun Yeh Hedge Fund | Small Cap | Quality Compounder | Asia | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 39 | Marcuard Heritage Hakan Sesle Hedge Fund | Small Cap | Quality Compounder | Global | Undisclosed | N/A | N/A | N/A | Q4 2026 Letter → |
| 40 | Bahl & Gaynor Investment Nick Puncer Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | N/A | Q3 2026 Letter → |
| 41 | Alpinum Investment Management Hedge Fund | Large Cap | Global Macro | Emerging Markets | Undisclosed | N/A | N/A | N/A | Q2 2026 Letter → |
| 42 | Seven Corners Capital Management, LLC Scott Klarquist Hedge Fund | Small Cap | Value | US | $100.0M | N/A | -8.0% | N/A | Q2 2026 Letter → |
| 43 | Silver Beech Capital James Hollier Mutual Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | +10.2% | +19.9% | Q2 2026 Letter → |
| 44 | Meridian Contrarian Fund ArrowMark Partners Hedge Fund | Small Cap | Quality Compounder | US | $593.0M | +17.8% | N/A | N/A | Q2 2026 Letter → |
| 45 | Meridian Hedged Equity Fund ArrowMark Colorado Holdings LLC Hedge Fund | Large Cap | Quality Compounder | US | $35.1M | +4.5% | N/A | +6.3% | Q2 2026 Letter → |
| 46 | Broyhill Asset Management Christopher R. Pavese Mutual Fund | Small Cap | Quality Compounder | US | Undisclosed | +8.8% | +2.3% | N/A | Q2 2026 Letter → |
| 47 | Arauca Capital Jean Philippe Tissot Hedge Fund | Small Cap | Quality Compounder | Europe | Undisclosed | N/A | +25.3% | N/A | Q2 2026 Letter → |
| 48 | River Oaks Capital Whit Huguley Hedge Fund | Small Cap | Quality Compounder | US | $67.9M | N/A | N/A | +11.0% | Q2 2026 Letter → |
| 49 | McElvaine Value Fund Tim McElvaine Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | +11.0% | +7.5% | Q2 2026 Letter → |
| 50 | Myrmikan Research Daniel Oliver Hedge Fund | Small Cap | Quality Compounder | US | Undisclosed | N/A | N/A | N/A | Q2 2026 Letter → |
Rankings reflect the most-tracked managers on Buyside Digest over the trailing 90 days, weighted by letter reads, profile follows, and pitch engagement. This isn't a ranking by AUM or performance; it is a measure of which managers sophisticated readers are paying attention to right now. Updated weekly.
A short reader's guide to the database. Tap any heading to expand.
There are roughly 9,000 hedge funds operating globally, managing somewhere north of $4 trillion in assets. Most of them communicate with their limited partners through quarterly conference calls, private capital calls, and one-line "we were up X percent" updates. They don't publish.
The 1,083+ managers we track here are the exception: they write detailed quarterly investor letters explaining their thinking, defending their losing positions, and walking readers through what they got wrong. That's not a random sample of the industry; it's a specific population, and understanding why they self-select matters more than most investors realize.
Quantitative funds, multi-strategy platforms, and high-turnover statistical arbitrage shops generally don't write letters. There's nothing to write about: their portfolios change daily, their alpha sources are proprietary models, and their LPs don't care about narrative.
The funds that do publish letters tend to run between 10 and 50 positions, hold them for years, and have clear theses they can explain to a sophisticated reader in two pages. This biases the database toward concentrated long-only managers, long/short equity funds, activist investors, event-driven shops, and special situations specialists. It's not a weakness; it's a curation. If you're looking for fundamental investing ideas with reasoning attached, this is the population to study.
If you searched for "biggest hedge funds" you probably expected to see Bridgewater, Citadel, Millennium, Renaissance Technologies, and D.E. Shaw at the top of this page. They aren't. Those firms collectively manage close to a trillion dollars and they almost never publish detailed letters. Bridgewater puts out the occasional "Daily Observations" piece. Citadel and Millennium send LPs short performance summaries. Renaissance has been a black box since 1988.
The reason is straightforward: their edge is process, model architecture, or trade execution speed, not narrative. There's nothing to gain by explaining their thinking, and quite a bit to lose. So while the world's largest hedge funds are absent from our database, the world's most readable hedge funds are concentrated here. For anyone trying to learn how professional capital allocators reason about markets, that's a much more useful population.
Most users come here looking for either a manager or a ticker. If you're researching a manager (say, you want to understand David Einhorn's thinking on a position), start with their fund profile, scan their last four quarterly letters, then look at their elevator pitches to see what specific theses they've published.
If you're researching a ticker, the more useful workflow is the reverse: search the ticker in our pitch database, see which managers wrote about it and on which side (bull or bear), then read their letters to understand the surrounding context. Either way, the goal isn't to copy positions. It's to understand how good managers reason: what data they look at, what they choose to ignore, and how they update when wrong.
Buyside Digest’s database represents a curated selection of publicly available investor letters. We do not claim to have a comprehensive collection of all letters from all managers. The presence or absence of a manager or letter in our database should not be interpreted as a recommendation, endorsement, or qualitative judgment. Our database reflects our editorial choices about coverage and may change over time.
The Buyside Digest database, including the selection, arrangement, organization, and presentation of investor letters and related content, is a protected compilation under United States and international copyright law. While the underlying investor letters remain the property of their originating authors, Buyside Digest’s compilation, organization, structure, editorial commentary, summaries, classifications, metadata, themes, and analytical features are protected by copyright, database rights, and other intellectual property laws. Reproducing the Buyside Digest version of any content (including the formatting, organization, contextual placement, accompanying editorial commentary, metadata, and curated summaries) infringes both the underlying manager’s copyright and Buyside Digest’s compilation copyright. See our Terms of Service for complete information on permitted and prohibited uses.
Rankings, comparisons, and “top” lists displayed on Buyside Digest reflect editorial choices about how to organize content for navigational convenience. Such rankings: Are not recommendations by Buyside Digest of any manager, security, or strategy; Use methodologies (such as frequency of discussion, recency of content, or other criteria) that may be subjective and that we may change over time; Do not reflect performance, quality, suitability, or any qualitative judgment about the managers or securities included; Should not be interpreted as endorsements; May not be exhaustive and may exclude managers, securities, or content for various reasons. Rankings are organizational tools. They are not investment advice and should not be relied upon for investment decisions.
