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 |
|---|---|---|---|---|---|---|
As of Aug 10, 2025
In the Q2 2025 investor letter, Samir of Askeladden Capital details how AI integration has completely transformed their investment process, increasing productivity by a factor of 5-10x. This technological leap enables the firm to automate tedious tasks such as database categorization, investment letter scoring, document distillation, and quarterly reporting. Consequently, the firm is evolving its investment approach by expanding its active watchlist (aiming to reach 150 names by next year), increasing portfolio diversification from ~12 to ~20 holdings, and modestly preferring small-cap liquidity over pure micro-caps. Portfolio updates include newly establishing a position in Grocery Outlet (GO), increasing stakes in Fitlife Brands (FTLF) and Franklin Covey (FC), and fully selling out of Bel Fuse (BELFB) on valuation concerns. Lastly, the manager institutes a strict rule never to bet against AI disruption.
Fundamental value investing focused on small and micro-cap businesses with high business and management quality, leveraging AI technology to automate factual data processing, research ingestion, and draft generation so that human capital can be strictly allocated to high-level analysis, judgment, and portfolio decision-making.
The manager is highly optimistic about future investment returns, stating they have never been more excited about investing. They expect AI to be a massive accelerator, allowing the firm to cover vastly more companies, improve decision quality, and reduce errors of omission while keeping risk low.
High Conviction Bullish
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