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 fund underperformed significantly in 2025 but sees a turning point ahead as CapEx cycles peak for core holdings. Active adjustments included exiting weak setups like CarMax and initiating exposure to CDW.
Full Quick Take
The fund underperformed significantly in 2025 but sees a turning point ahead as CapEx cycles peak for core holdings. Active adjustments included exiting weak setups like CarMax and initiating exposure to CDW.
