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.
BDL Capital Management has shifted to a cautious, defensive stance in Q1 2026, dropping its cyclical exposure to zero and heavily trimming net exposure to protect capital against Middle East recessionary risks. While tactically hedged, the fund maintains highly concentrated long positions in resilient, undervalued European companies.
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BDL Capital Management has shifted to a cautious, defensive stance in Q1 2026, dropping its cyclical exposure to zero and heavily trimming net exposure to protect capital against Middle East recessionary risks. While tactically hedged, the fund maintains highly concentrated long positions in resilient, undervalued European companies.
