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.
Driven by short-term earnings disappointments and multiple compression across core holdings, while initiating positions in Universal Music Group and an Asian leader alongside active corporate engagements.
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Driven by short-term earnings disappointments and multiple compression across core holdings, while initiating positions in Universal Music Group and an Asian leader alongside active corporate engagements.
FMI navigated rising interest rates and extreme market sentiment in Q3 2026 by capitalizing on the indiscriminate sell-off in resilient franchises unfairly labeled as 'AI At Risk,' adding high-conviction positions in Jack Henry & Associates, CDW Corp., and RELX at substantial.
Full Quick Take
FMI navigated rising interest rates and extreme market sentiment in Q3 2026 by capitalizing on the indiscriminate sell-off in resilient franchises unfairly labeled as 'AI At Risk,' adding high-conviction positions in Jack Henry & Associates, CDW Corp., and RELX at substantial.
Mayar Capital is refusing to dance to the music of the 'AI Capex Boom,' choosing instead to accept short-term underperformance by staying underweight expensive tech in favor of buying resilient, 'old economy' compounders at attractive valuations.
Full Quick Take
Mayar Capital is refusing to dance to the music of the 'AI Capex Boom,' choosing instead to accept short-term underperformance by staying underweight expensive tech in favor of buying resilient, 'old economy' compounders at attractive valuations.