Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, Cooper Investors Global Equities Fund (Unhedged). This analysis is provided for institutional research purposes only and is not investment advice.
"The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming positions like GEHC and BME, while highlighting CME Group as a stabilizing core holding."
For the quarter ending September 30, 2025, the Cooper Investors Global Equities Fund (Unhedged) returned -0.04% post fees, while delivering an 18.00% rolling 12-month return. The manager highlights that the portfolio remains highly uncorrelated to the index, with roughly 70% of holdings outside of the tech and software space to avoid over-concentration in AI-exposed themes. Top contributors for the year included Scout24 and TKO Holdings, the latter securing a highly lucrative $7.7Bn deal with Paramount+. Key detractors were GE Healthcare (negatively impacted by Chinese capital spend and tariffs) and B&M European Value Retail (impacted by poor execution and executive turnover), both of which have been fully exited. The fund updated its investment memorandum to decrease the target number of holdings to 25-50 (currently holding 28) to drive concentration. CME Group is featured as a high-conviction, royalty-style business that provides stabilizing, counter-cyclical benefits to the portfolio.
Sign in or create a free account to unlock full commentary, extracted equity pitches, and direct outbound manager source links with your 3 quarterly credits.
Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Growth Outlook
Market outlook remains above average conviction: The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Risk Appetite
Risk appetite posture is above average conviction: The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Forward Guidance
Forward guidance signal: The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Language Signal
Tone analysis indicates above average conviction language: The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
Time Horizon
Investment time horizon reflects a high conviction orientation. The fund delivered flat performance for the quarter (-0.04%) but achieved an 18.00% 12-month return. It continues to focus on uncorrelated compounders, exiting underperforming posi...
