Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Sands Capital International Growth beat its benchmark by 6.1% in Q2 2025. The fund recycled capital out of weaker moats (Lonza, Zalando) into higher-quality secular growth plays (Galderma, On Holding, Pro Medicus).
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Sands Capital International Growth beat its benchmark by 6.1% in Q2 2025. The fund recycled capital out of weaker moats (Lonza, Zalando) into higher-quality secular growth plays (Galderma, On Holding, Pro Medicus).