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 Apr 7, 2025
Sandbrook Capital delivered strong March performance through successful earnings trades, with OKTA long, CRWD short, and ZGN long contributing most to gains. The fund maintains an 80%+ batting average on earnings trades and has generated approximately 900bp of annual alpha since 2022 inception through their earnings overlay strategy. Technology and consumer discretionary coverage areas underperformed broader markets through March, creating attractive entry points. The manager plans to increase net exposure from beta-neutral positioning, running more long-biased given poor risk/reward in shorting at current levels. Key opportunities exist in names with historically extreme valuations, strong cash generation, and derisked estimates that represent 18-24 month doubles. Three major catalysts being monitored include EU retaliation on big tech, companies withdrawing guidance, and major layoff announcements. The proprietary AlphaRepo platform provides real-time estimate tracking and revision insights, supporting their systematic approach to earnings-driven alpha generation. Forward focus shifts from multiple compression to earnings growth as valuations normalize.
Focus on high-conviction earnings trades and catalyst-driven alpha generation in technology and consumer discretionary sectors, leveraging proprietary AlphaRepo platform to maintain 80%+ batting average while flexing net exposure higher at attractive entry points.
Manager sees compelling entry points in quality names trading at historically extreme valuations with strong fundamentals. Plans to increase net exposure and run more long-biased given poor risk/reward in shorting. Focus shifts from P/E compression to earnings growth as multiples normalize. Monitoring three major catalysts: EU tech retaliation, guide withdrawals, and layoff announcements.
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