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.
Cautious amid geopolitical friction, high oil prices, and rising interest rates, maintaining net exposure of 95% to 100% with index shorts while overweighting counter-cyclical businesses like Marex, US refiners, and post-destocking specialty chemical distributors.
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Cautious amid geopolitical friction, high oil prices, and rising interest rates, maintaining net exposure of 95% to 100% with index shorts while overweighting counter-cyclical businesses like Marex, US refiners, and post-destocking specialty chemical distributors.
Zeno highlights its high-conviction position in Texas Instruments, arguing that the company's aggressive in-house US manufacturing expansion and focus on long-lived catalog analog chips will generate superior long-term returns despite short-term cyclical headwinds.
Full Quick Take
Zeno highlights its high-conviction position in Texas Instruments, arguing that the company's aggressive in-house US manufacturing expansion and focus on long-lived catalog analog chips will generate superior long-term returns despite short-term cyclical headwinds.