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.
Greystone delivered +19.9% in 2024 through concentrated small cap value investing, owning zero S&P 500 companies while focusing on overlooked businesses with superior fundamentals. Despite late-quarter volatility affecting small caps, the manager sees excellent opportunities in microcaps and small companies trading at cheap multiples, emphasizing patience and multi-year investment horizons for quality businesses.
Full Quick Take
Greystone delivered +19.9% in 2024 through concentrated small cap value investing, owning zero S&P 500 companies while focusing on overlooked businesses with superior fundamentals. Despite late-quarter volatility affecting small caps, the manager sees excellent opportunities in microcaps and small companies trading at cheap multiples, emphasizing patience and multi-year investment horizons for quality businesses.
Third Avenue Small-Cap Value Fund delivered 3.88% returns in Q3 2023, significantly outperforming its benchmark through disciplined value investing in well-capitalized companies. Strong performance from energy services, casualty insurance, and consumer appliances drove results. New investments in fertilizer producer LSB Industries and Atlanta Braves Holdings capitalize on near-shoring trends and technical mispricings respectively.
Full Quick Take
Third Avenue Small-Cap Value Fund delivered 3.88% returns in Q3 2023, significantly outperforming its benchmark through disciplined value investing in well-capitalized companies. Strong performance from energy services, casualty insurance, and consumer appliances drove results. New investments in fertilizer producer LSB Industries and Atlanta Braves Holdings capitalize on near-shoring trends and technical mispricings respectively.
