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 AMG Yacktman Fund outperformed its benchmarks in 2025 with a 19.82% return, powered by a strong rebound in Samsung and emerging structural reforms in South Korea, while remaining committed to long-term value and downside protection.
Full Quick Take
The AMG Yacktman Fund outperformed its benchmarks in 2025 with a 19.82% return, powered by a strong rebound in Samsung and emerging structural reforms in South Korea, while remaining committed to long-term value and downside protection.
Heartland Value Fund continues to capitalize on the early stages of a small-cap value resurgence, executing selective buy-the-dip additions in ITGR and CMCO while benefiting from strong private takeout activity.
Full Quick Take
Heartland Value Fund continues to capitalize on the early stages of a small-cap value resurgence, executing selective buy-the-dip additions in ITGR and CMCO while benefiting from strong private takeout activity.
The Fund outperformed its benchmark in Q4 and full-year 2025, advising extreme caution on concentrated mega-caps while actively capitalizing on massive valuation discounts in software, healthcare, and energy.
Full Quick Take
The Fund outperformed its benchmark in Q4 and full-year 2025, advising extreme caution on concentrated mega-caps while actively capitalizing on massive valuation discounts in software, healthcare, and energy.