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.
Pzena remains anchored to its normalized earnings framework, systematically trimming highly valued semiconductor and energy holdings to deploy capital into overlooked value opportunities like IT services, life insurers, and luxury autos.
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Pzena remains anchored to its normalized earnings framework, systematically trimming highly valued semiconductor and energy holdings to deploy capital into overlooked value opportunities like IT services, life insurers, and luxury autos.
Underperforming the S&P 500 due to managed care headwinds. The portfolio rotated capital from rails (Union Pacific) and managed care (UnitedHealth) into cloud infrastructure (Arista Networks).
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Underperforming the S&P 500 due to managed care headwinds. The portfolio rotated capital from rails (Union Pacific) and managed care (UnitedHealth) into cloud infrastructure (Arista Networks).