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.
The FAM Funds underperformed their benchmarks in Q4 2025 as the market favored speculative, low-quality, and AI-heavy stocks. Fenimore remains highly disciplined, holding fast to high-quality compounding franchises and taking advantage of selective valuation opportunities.
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The FAM Funds underperformed their benchmarks in Q4 2025 as the market favored speculative, low-quality, and AI-heavy stocks. Fenimore remains highly disciplined, holding fast to high-quality compounding franchises and taking advantage of selective valuation opportunities.
WestEnd Core Strategy gained +3.9% in Q3 2025, keeping performance in-line with the benchmark YTD. The fund rotated capital out of NVIDIA and established new structural 'AI catch-up' positions in AMD, Alibaba, and Baidu to exploit valuation discrepancies.
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WestEnd Core Strategy gained +3.9% in Q3 2025, keeping performance in-line with the benchmark YTD. The fund rotated capital out of NVIDIA and established new structural 'AI catch-up' positions in AMD, Alibaba, and Baidu to exploit valuation discrepancies.
Driehaus Micro Cap Growth outpaced its benchmark by 414 basis points in Q3 2025, driven by surging small-cap earnings growth and strong thematic trends in AI and utility infrastructure.
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Driehaus Micro Cap Growth outpaced its benchmark by 414 basis points in Q3 2025, driven by surging small-cap earnings growth and strong thematic trends in AI and utility infrastructure.
