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.
Despite a soft quarter, Bristlemoon is capitalizing on market fear to add high-conviction positions in Floor & Decor, Adobe, and Timee, expressing strong confidence in its portfolio's latent value.
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Despite a soft quarter, Bristlemoon is capitalizing on market fear to add high-conviction positions in Floor & Decor, Adobe, and Timee, expressing strong confidence in its portfolio's latent value.
The Weitz Large Cap Equity Fund underperformed in Q3 2025 as the market heavily prioritized momentum-driven AI narratives. The fund responded by trimming expensive winners like Oracle and buying high-conviction value compounders like Gartner and Mercado Libre on weakness.
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The Weitz Large Cap Equity Fund underperformed in Q3 2025 as the market heavily prioritized momentum-driven AI narratives. The fund responded by trimming expensive winners like Oracle and buying high-conviction value compounders like Gartner and Mercado Libre on weakness.
Despite Q3 2025 underperformance from P/E multiple compression, Sands Capital is actively tilting towards durable 'classic growth' businesses and capitalizing on the portfolio's lowest relative valuation premium since 2016.
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Despite Q3 2025 underperformance from P/E multiple compression, Sands Capital is actively tilting towards durable 'classic growth' businesses and capitalizing on the portfolio's lowest relative valuation premium since 2016.