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.
Mar Vista's U.S. Quality strategy returned 12.71% net in Q2 2026, underperforming benchmarks as market leadership broadened beyond technology. The manager maintains conviction in high-quality businesses with durable competitive advantages, adding ASML and StandardAero while exiting Intuit. Artificial intelligence is transitioning from infrastructure spending to execution-driven returns. Despite geopolitical uncertainty and elevated valuations in certain areas, earnings growth and disciplined capital allocation should drive long-term outperformance for quality-focused investors.
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Mar Vista's U.S. Quality strategy returned 12.71% net in Q2 2026, underperforming benchmarks as market leadership broadened beyond technology. The manager maintains conviction in high-quality businesses with durable competitive advantages, adding ASML and StandardAero while exiting Intuit. Artificial intelligence is transitioning from infrastructure spending to execution-driven returns. Despite geopolitical uncertainty and elevated valuations in certain areas, earnings growth and disciplined capital allocation should drive long-term outperformance for quality-focused investors.
Fawkes Capital achieved a 12.1% return in September 2025 by taking profits on antimony and riding Google's AI growth. They are steering clear of frothy US small-cap bubbles to focus on the semiconductor memory supercycle and fast-deployment power generation plays like Liberty Energy.
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Fawkes Capital achieved a 12.1% return in September 2025 by taking profits on antimony and riding Google's AI growth. They are steering clear of frothy US small-cap bubbles to focus on the semiconductor memory supercycle and fast-deployment power generation plays like Liberty Energy.
The Chautauqua Funds underperformed their benchmarks in Q3 2025 due to weak stock selection in Tech and Financials, leading managers to rotate capital from trimmed giants like Alphabet and Mastercard into high-conviction holdings like Novo Nordisk and Genmab.
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The Chautauqua Funds underperformed their benchmarks in Q3 2025 due to weak stock selection in Tech and Financials, leading managers to rotate capital from trimmed giants like Alphabet and Mastercard into high-conviction holdings like Novo Nordisk and Genmab.
Barometer successfully navigated early-quarter corrections by deploying cash reserves into structural leaders across industrials, tech, and financials. They enter Q3 fully invested and optimistic about macroeconomic easing and seasonal tailwinds.
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Barometer successfully navigated early-quarter corrections by deploying cash reserves into structural leaders across industrials, tech, and financials. They enter Q3 fully invested and optimistic about macroeconomic easing and seasonal tailwinds.
