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, Hosking Partners. This analysis is provided for institutional research purposes only and is not investment advice.
"Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-disrupted market."
Hosking Partners reports 1.8% outperformance in Q2 2025, bringing its first-half net performance to 12.2% vs. 10.0% for the benchmark. The portfolio navigated macro-driven tariff disruptions in April by active rebalancing—trimming winners to buy severely dislocated cyclicals. Key performance contributors included idiosyncratic choices like Babcock, 3i, South Korean equities, and a basket of heavily discounted platinum miners. Drag came from underweight positions in high-flying US tech (Broadcom, Nvidia, Microsoft, Meta). Hosking Partners remains committed to a highly diversified (c370 stocks), ex-US-leaning, deep-value posture, arguing that the AI-led momentum market ignores negative incremental free cash flows and upcoming trade policy disruptions.
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: Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Growth Outlook
Market outlook remains moderate conviction: Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Risk Appetite
Risk appetite posture is above average conviction: Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Forward Guidance
Forward guidance signal: Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Language Signal
Tone analysis indicates above average conviction language: Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
Time Horizon
Investment time horizon reflects a high conviction orientation. Hosking Partners delivered 1.8% outperformance in Q2 (YTD +12.2% net) by utilizing broad global diversification and idiosyncratic deep-value picks to outpace a volatile, tariff-dis...
