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.
Manager holds concentrated positions in hated cable/telecom names trading at extreme discounts while maintaining winners Millicom and Garrett Motion despite material appreciation. Charter Communications trades at ~50% forward free cash flow yield with bonds near par, suggesting 2-4x equity upside. Broad US markets at Shiller P/E ~41x with geopolitical risks and AI spending sustainability underpriced. Discipline to hold winners and add to inflection points drives returns despite periodic volatility.
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Manager holds concentrated positions in hated cable/telecom names trading at extreme discounts while maintaining winners Millicom and Garrett Motion despite material appreciation. Charter Communications trades at ~50% forward free cash flow yield with bonds near par, suggesting 2-4x equity upside. Broad US markets at Shiller P/E ~41x with geopolitical risks and AI spending sustainability underpriced. Discipline to hold winners and add to inflection points drives returns despite periodic volatility.
