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 8, 2025
Graham Wealth Management navigated significant market volatility in H1 2025 caused by Trump administration tariffs and trade policy uncertainty. The firm employed a contrarian approach, reallocating from conservative assets into discounted technology equities during the market decline. When the NASDAQ fell 22.86%, they positioned clients in high-quality U.S. tech companies at compelling valuations. The strategy paid off when markets rebounded sharply after tariffs were paused, with the S&P 500 posting its eighth-largest one-day gain in over a century. Looking forward, the firm expects the next economic expansion phase to be driven by big tech through AI and digital infrastructure investment. Favorable policy developments include expected Fed rate cuts and the One Big Beautiful Bill Act, which makes permanent the 2017 tax cuts and allows full R&D expensing. While monitoring trade negotiation risks and supply chain inflation, the firm remains optimistic about 2025-2026 prospects and maintains focus on protecting downside while pursuing long-term growth through disciplined fundamental analysis.
Contrarian value investing approach focusing on high-quality U.S. technology companies during market dislocations caused by trade policy uncertainty, positioned to benefit from Fed rate cuts and favorable tax policy changes.
Optimistic about remainder of 2025 and outlook for 2026. Next phase of economic expansion expected to be driven by big tech through investment in digital infrastructure, AI, and R&D. Anticipate less dramatic market swings in near term but remain watchful of trade negotiations and supply chain inflation.
Neutral / Balanced
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