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, Wasatch Frontier Emerging Small Countries Strategy. This analysis is provided for institutional research purposes only and is not investment advice.
"The strategy lagged the benchmark in Q2 2026 primarily due to not owning Vingroup, which surged 63%. Stock selection in the Philippines and Peru contributed positively."
The Wasatch Frontier Emerging Small Countries Strategy gained but lagged the MSCI Frontier Emerging Markets Index, which rose 9.98% in Q2 2026. The largest source of underperformance was not owning Vingroup JSC, a Vietnamese real-estate stock that surged 63% amid a market rebound and anticipated index upgrade. Holdings in Brazil, Turkey, and Saudi Arabia also detracted, while stock selection in the Philippines, India, and Peru contributed positively. International Container Terminal Services was the strongest contributor, posting 17% earnings growth on 29% revenue growth. The manager is developing a new long-term theme focused on power-generation and grid infrastructure, driven by AI data centers and renewable energy projects creating structural demand for transformers and high-voltage equipment. Supply constraints and aging infrastructure are creating multiyear backlogs and pricing power for well-positioned suppliers. The team is evaluating investments in grid component manufacturers across frontier emerging markets to capture this opportunity, believing the current supply-demand mismatch is structural rather than temporary.
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.
