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.
Mathew Hermary highlights a fundamental regime shift away from overvalued US mega-cap tech toward international value, old-economy cyclicals, and selective active opportunities where margins of safety remain robust.
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Mathew Hermary highlights a fundamental regime shift away from overvalued US mega-cap tech toward international value, old-economy cyclicals, and selective active opportunities where margins of safety remain robust.
Davis Opportunity Fund materially outperformed the S&P 1500 in 2025, returning +22.02%, while cautioning investors to shift capital away from expensive, hyper-concentrated passive index structures into active, value-conscious equities.
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Davis Opportunity Fund materially outperformed the S&P 1500 in 2025, returning +22.02%, while cautioning investors to shift capital away from expensive, hyper-concentrated passive index structures into active, value-conscious equities.
Zeno Equity Partners rejects benchmark-chasing and traditional risk metrics, choosing instead to focus on a concentrated portfolio of resilient, high-quality compounders built to survive over an infinite horizon.
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Zeno Equity Partners rejects benchmark-chasing and traditional risk metrics, choosing instead to focus on a concentrated portfolio of resilient, high-quality compounders built to survive over an infinite horizon.
