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
JB Global Capital posted a net return of 1.4% in the third quarter of 2026, trailing the S&P 500 return of 2.3% while outperforming the Vanguard Total World Stock ETF return of 0.8%. Since its inception on January 3, 2023, the fund has generated a cumulative return of 112.6% net of fees, outperforming both the S&P 500 at 98.9% and the Vanguard Total World Stock ETF at 91.0%. The fund operates with zero leverage or financial derivatives and maintains a fully invested, highly concentrated equity posture without disclosed cash reserves. The investment approach emphasizes long-term fundamental business valuation over transient market narratives and short-term volatility, likening core business values to an enduring oak tree and market noise to a shaking bush. Macroeconomic and sector positioning pairs high-growth technological adoption in Asian cloud and artificial intelligence infrastructure with deeply discounted, defensive consumer staples in North America. This structure deliberately balances disparate economic drivers across geographies and sectors to achieve idiosyncratic alpha. Portfolio activity was highlighted by the monetization of a majority stake in PayPal at a 42.8% realized gain, driven by concerns over artificial intelligence eroding payment processing margins and the collapse of a takeover bid. Proceeds were redeployed into Flowers Foods to lower cost basis amid sharp share price declines, bringing the position to 33% of the portfolio. Alibaba remains the largest holding at 48%, where the manager is closely tracking cloud growth acceleration and artificial intelligence monetization run rates ahead of upcoming earnings.
Gauge what an enduring business is intrinsically worth, acquire it at a substantial discount, and allow time and fundamental business forces to compound capital.
The manager is monitoring whether artificial intelligence investments at Alibaba convert into measurable free cash flow per share and assessing whether volume contractions at Flowers Foods represent cyclical troughs or structural deterioration.
High 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 JB Global 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.