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.
Meditation Capital is avoiding structural AI risk by selling GitLab and raising alarm over an AI capex bubble, while aggressively buying beaten-down health insurers Elevance and Molina for projected 25%+ IRRs as margins recover.
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Meditation Capital is avoiding structural AI risk by selling GitLab and raising alarm over an AI capex bubble, while aggressively buying beaten-down health insurers Elevance and Molina for projected 25%+ IRRs as margins recover.
Fairlight Alpha Fund outperformed the market in Q3 2025 with a 16.8% return, driven by cheap junior gold miners and a major marine engineering turnaround, while implementing cautious hedges against a potential AI infrastructure overbuild.
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Fairlight Alpha Fund outperformed the market in Q3 2025 with a 16.8% return, driven by cheap junior gold miners and a major marine engineering turnaround, while implementing cautious hedges against a potential AI infrastructure overbuild.
Brasada sounds a warning bell on a debt-fueled AI capex bubble, adopting a selective investment posture focused on fortress-balance-sheet hyperscalers and high-quality compounders like Broadcom and Ferguson.
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Brasada sounds a warning bell on a debt-fueled AI capex bubble, adopting a selective investment posture focused on fortress-balance-sheet hyperscalers and high-quality compounders like Broadcom and Ferguson.
Frontaura posted an outstanding 11.06% gain in Q3 (31.02% YTD), driven by a powerful 31% YoY earnings surge and deep-value multiples, while warning that the US AI-driven market is partying like it's 1999.
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Frontaura posted an outstanding 11.06% gain in Q3 (31.02% YTD), driven by a powerful 31% YoY earnings surge and deep-value multiples, while warning that the US AI-driven market is partying like it's 1999.
