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, Curreen Capital. This analysis is provided for institutional research purposes only and is not investment advice.
"Curreen Capital delivered 22.26% in Q2 through three special situations: a profitable tender offer in Optimum Communications, a merger-spinoff in Green Dot later exited due to timing uncertainty, and adding to TriNet as an inexpensive turnaround. The concentrated portfolio emphasizes spinoffs and turnarounds trading at attractive upside-to-downside ratios with strong downside protection."
Curreen Capital returned 22.26% in Q2 2026, driven by three active special situation investments. The fund bought Optimum Communications in a tender offer orchestrated by Patrick Drahi, paying $1.13 per share and realizing $1.87 after tendering 48.6% of shares at $2.50 and selling the remainder at $1.28. The fund also initiated a position in Green Dot, a merger-spinoff combining two high-ROE banks at an attractive valuation, though the manager later exited when the merger timeline proved uncertain. The fund added to TriNet, an inexpensive turnaround in the payroll and benefits space that has bottomed after healthcare cost forecasting difficulties and is now improving margins. The portfolio continues to hold concentrated positions in turnaround situations including Advance Auto Parts, Fortrea, and VF Corp, all trading at attractive upside-to-downside ratios. Siemens Energy benefits from a cyclical electricity demand boom boosted by AI. The manager maintains focus on spinoffs and undervalued businesses with good downside protection.
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.
