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 Dec 31, 2024
TMR Capital operates a long/short strategy focused on Technology investments and SMID cap value-oriented special situations, taking advantage of market dislocations where the cheapest quartile of stocks is at decade lows while expensive stocks trade at elevated multiples. The fund's differentiated approach targets an increasingly neglected area of the market where they can more easily influence market perception. Key holdings include Zenvia, which is refocusing around its AI-driven Customer Cloud platform with expected 30% revenue growth in 2025, and WM Technology, a dominant cannabis marketplace trading at attractive valuations while facing a lowball acquisition attempt from co-founders. The manager expects increased dispersion in Technology as the AI cycle progresses, creating opportunities to pick winners and losers. They anticipate M&A activity to increase in 2025, positioning their special situations focus favorably. With virtually no correlation to the S&P 500, the fund has generated an uncorrelated return stream and the manager feels confident in their ability to continue delivering strong absolute returns regardless of market conditions.
TMR Capital operates a long/short strategy focused on Technology investments and SMID cap value-oriented special situations, taking advantage of market dislocations where the cheapest quartile of stocks is at decade lows while expensive stocks trade at elevated multiples.
The fund expects to see more dispersion in Technology as the AI cycle progresses, which should create opportunities for picking winners and losers. They anticipate M&A activity to increase in 2025 after several years of subdued activity, positioning their SMID cap special situations focus favorably. The manager feels confident in their ability to continue generating strong absolute returns regardless of market conditions.
Moderate Conviction Bullish
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