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.
Leaven Partners posted a strong 11.0% return in Q3 2025, driven by an 87% gain on Japanese shoe wholesaler Toho Lamac. The manager remains highly constructive on cheap, reforming Japanese small-caps while warning of valuation risks in US equities.
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Leaven Partners posted a strong 11.0% return in Q3 2025, driven by an 87% gain on Japanese shoe wholesaler Toho Lamac. The manager remains highly constructive on cheap, reforming Japanese small-caps while warning of valuation risks in US equities.
