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.
Conestoga's conservative, high-quality portfolios faced severe relative headwinds in 3Q25 as a highly concentrated, low-quality speculative rally boosted unprofitable and high-beta small caps. The manager remains highly disciplined, waiting for the inevitable shift back to fundamental earnings quality.
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Conestoga's conservative, high-quality portfolios faced severe relative headwinds in 3Q25 as a highly concentrated, low-quality speculative rally boosted unprofitable and high-beta small caps. The manager remains highly disciplined, waiting for the inevitable shift back to fundamental earnings quality.
