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 Oct 7, 2026
Itus Fundamental Value Fund seeks long-term capital compounding by investing in businesses where earnings visibility, balance-sheet strength, and competitive positioning align with reasonable valuations. During the July–September 2026 quarter, the fund declined 1.98% net of fees, outperforming the benchmark Nifty 50 TRI, which fell 4.91%. Calendar year to date, the fund remained roughly flat net of fees against a benchmark decline exceeding 12%. Performance was protected by strict valuation discipline, avoidance of IT momentum, and resilient underlying operating results across portfolio companies, which generated 34.2% trailing revenue growth and 50.4% adjusted profit growth. The manager identifies valuation compression—rather than earnings contraction—as the primary cause of broader index weakness, with five mega-cap names driving over 70% of market losses. Key macro risks monitored include sustained oil price spikes, credit cost normalization in banking, and the durability of domestic liquidity absorbing foreign institutional selling. The fund maintains 50.0% in large caps, 30.2% in mid caps, 13.7% in small caps, and holds a 6.1% cash buffer to preserve liquidity.
Long-term alpha is generated by owning durable businesses where earnings visibility, robust balance sheets, and competitive moats converge at valuations that do not require peak multiples.
The manager expects future equity returns to be driven predominantly by fundamental earnings growth rather than valuation multiple expansion, cautioning against assuming a return to earlier cycle valuation multiples. Inter-company performance dispersion is projected to remain far more consequential than broad index movements. Positioning will be tested against upcoming quarterly results across margins, credit costs, capital allocation, and cash conversion, with cash buffers deployed selectively as opportunities offer attractive risk-reward underwriting.
Moderate Conviction Bullish
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 ITUS Capital 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.