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 Mar 31, 2026
Fundrise's core thesis centers on democratizing access to high-quality private tech and real estate assets while strategically rotating capital into secular growth sectors like artificial intelligence. During the first quarter of 2026, performance was led by the successful NYSE listing of the Innovation Fund (VCX) and a breakout 10.12% return from the Flagship Fund, driven by opportunistic AI infrastructure investments. However, rising geopolitical tensions from the war in Iran have introduced substantial market uncertainty, causing the ten-year Treasury yield to jump to 4.35% and freezing capital markets. This macro headwind has pressured short-term real estate valuations. In response, the platform is actively rotating out of mature holdings to fund data center developments and expanding its private real estate credit portfolio. This credit strategy, yielding 10% to 14%, provides a defensive barrier against potential global recession. The manager remains patient, viewing near-term valuation pullbacks as advantageous entry points for committed, long-term investors.
Democratizing access to high-quality private market investments in real estate and technology allows individual investors to benefit from long-term institutional-grade compounding and secular growth trends.
The manager anticipates a wide spectrum of macroeconomic outcomes, ranging from a potential global recession due to geopolitical conflicts to an explosion in living standards driven by artificial general intelligence. To prepare for either extreme, the portfolio is actively rotating capital out of mature holdings into secular growth themes like AI data centers, while maintaining a robust real estate private credit allocation to serve as a defensive shield.
Moderate Conviction Bullish
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