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.
Aegis Value Fund surged 67.07% in 2025, driven by explosive gains in gold miners and energy holdings. The manager is holding cash and remains highly cautious on broad markets, warning that mega-cap tech valuations are unsustainably high.
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Aegis Value Fund surged 67.07% in 2025, driven by explosive gains in gold miners and energy holdings. The manager is holding cash and remains highly cautious on broad markets, warning that mega-cap tech valuations are unsustainably high.
