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 Jul 17, 2025
Choice Equities Fund generated a +30.0% net return in Q2 2025 (+21.6% YTD), significantly outperforming the S&P 500 and Russell 2000. In a quarter marked by rapid market declines followed by swift recoveries to new highs, the fund capitalized on price-to-value dislocations. Major performance drivers included Magnite, Inc. (MGNI) and Celsius Holdings (CELH), along with tailwinds from VIX options. Updates on core positions highlight strong operational progress and visibility at Genius Sports (GENI), resilient CTV spending patterns beneficial to MGNI, and structural growth from data center cooling solutions at Modine Manufacturing (MOD).
Capitalizing on lumpy and opportunistic market dynamics through a concentrated portfolio, focusing on mispriced small and mid-cap companies with robust secular growth tailwinds (e.g., CTV, sports betting, data center infrastructure) and highly competent management teams.
The environment for earnings is pointing in an increasingly positive direction, especially after much of the investment community lowered outlooks and expectations, setting up a backdrop for positive revisions. However, conditions remain dynamic and susceptible to fast-paced changes.
High Conviction Bullish
Market Conviction
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Language Signal
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