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 30, 2025
VG1 Global Investments returned 13.2% for the September 2025 quarter, outperforming global benchmarks. Key contributors included surging gold equities (up 40-45%) and AI-linked semiconductor positions (TSMC, SK Hynix, Samsung). To manage risk, the team trimmed semiconductor holdings on valuation concerns and reduced exposure to mega-cap tech (notably Meta), while maintaining Amazon as a core holding. Short positions like Brinker International contributed positively as momentum faded. Looking forward, the fund is shifting attention to Europe, researching cyclical value plays, 'AI-labelled losers', and depressed UK housing opportunities.
The strategy aims to generate absolute returns by capturing strong cyclical tailwinds (such as gold and semiconductor capex cycles), selectively shorting overextended names, and actively rotating capital away from expensive mega-caps into highly discounted, neglected value pockets internationally (specifically Europe).
The team sees significant value emerging in Europe, particularly across industrials and cyclical sectors. They are actively researching opportunities in 'AI-labelled losers' such as online classifieds and mission-critical software, and are closely analyzing UK housing, where valuations have fallen to GFC-era lows.
High Conviction Bullish
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