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 Hotchkis & Wiley Large Cap Disciplined Value Fund outperformed its value benchmark in Q3 2025 with a 6.41% return. While cautioning that the broader S&P 500 is heavily overvalued at 25x forward earnings, the managers find excellent risk-adjusted value in their own portfolio at under 13x forward earnings.
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The Hotchkis & Wiley Large Cap Disciplined Value Fund outperformed its value benchmark in Q3 2025 with a 6.41% return. While cautioning that the broader S&P 500 is heavily overvalued at 25x forward earnings, the managers find excellent risk-adjusted value in their own portfolio at under 13x forward earnings.
