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.
Kinsman Oak warns that the AI market rally is a highly concentrated speculative bubble driven by unviable capex spend and dangerous financial engineering, suggesting investors favor gold and prepare for a significant post-2026 valuation correction.
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Kinsman Oak warns that the AI market rally is a highly concentrated speculative bubble driven by unviable capex spend and dangerous financial engineering, suggesting investors favor gold and prepare for a significant post-2026 valuation correction.
Headwaters Capital underperformed in Q3 2025 due to an extreme market rotation into AI, but views this concentration as an unsustainable CAPEX bubble and is actively buying high-quality non-AI names at trough valuations.
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Headwaters Capital underperformed in Q3 2025 due to an extreme market rotation into AI, but views this concentration as an unsustainable CAPEX bubble and is actively buying high-quality non-AI names at trough valuations.
