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 Nov 6, 2026
BlackRock Mid-Cap Value Fund posted a net return of -2.67% for Institutional shares and -2.72% for Investor A shares during the third quarter of 2026, bringing year-to-date net performance to 10.34% and 10.08% respectively. Relative performance was supported by an overweight position in health care and favorable positioning in real estate and consumer staples. Conversely, security selection in communication services and financials, alongside an underweight stance in energy, detracted from relative performance against the Russell Midcap Value Index. Broader macroeconomic conditions were shaped by resilient corporate earnings that offset headwinds from elevated interest rates and geopolitical uncertainty. While management maintains a constructive equity view, market leadership remains notably narrow, creating potential volatility. In response to shifting sector dynamics, portfolio management increased capital allocations to the energy and consumer discretionary sectors, while trimming exposure to utilities and consumer staples. The strategy maintains its heaviest portfolio exposures across industrials, financials, and information technology. Management prioritizes mid-capitalization businesses featuring durable earnings profiles, solid balance sheets, and sustainable, growing dividend streams. Top portfolio holdings at quarter-end include Becton Dickinson, First Citizens BancShares, Avantor, Baxter International, and CVS Health.
Invest in mid-capitalization companies with attractive, sustainable, and growing dividends to deliver competitive equity returns with reduced volatility.
Management remains constructive on equities as resilient earnings offset interest rate and geopolitical pressures, seeing attractive long-term opportunities in overlooked companies with strong balance sheets and reasonable valuations.
Neutral / Balanced
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon
Top Conviction Themes
Key Catalysts
Every insight in this database connects to the original source. Read the actual thesis, see the actual concerns, and make your own call.
Buyside Digest has no business relationship, partnership, agency, sponsorship, endorsement, or affiliation with BlackRock Mid-Cap Value Fund or any other manager whose content appears on the Service, except where expressly stated. We do not receive Manager Content directly from managers in most cases; content is collected from publicly available sources. Managers have not necessarily reviewed, approved, authorized, or endorsed our display of their content, our editorial commentary, our metadata extraction, or our classifications. Use of a manager’s name is for accurate attribution and identification purposes only, under principles of nominative fair use.
Buyside Digest does not independently verify the regulatory status, registrations, licensing, qualifications, credentials, or professional standing of managers whose content appears on the Service. We do not represent that managers are properly registered with applicable regulatory bodies, that their content complies with applicable securities laws, or that their performance representations are accurate. Inclusion of a manager in our database is based on the publicly available nature of their content, not on our verification of their regulatory status or content compliance. Users are responsible for conducting their own due diligence on any manager.
Performance data, returns, assets under management (“AUM”), and similar figures displayed on this page are sourced from publicly available manager communications (including investor letters), public filings, or other third-party sources. Buyside Digest does not independently verify performance figures, calculate returns, or audit manager-reported data. Such figures: May be selectively reported by the manager; May use non-standard calculation methodologies; May not reflect fees, expenses, taxes, or other costs; May be inconsistent across reporting periods; May be outdated. Past performance is not indicative of future results. Performance figures should not be relied upon for investment decisions without independent verification. Users should request audited performance data directly from the manager and conduct their own due diligence.