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.
Baumann Capital initiated WIIT, Europe's only pure-play sovereign cloud provider operating Tier IV data centers across Germany, Italy, and Switzerland. The business serves mission-critical ERP workloads for regulated industries requiring EU data sovereignty, generating 40% EBITDA margins through long-term contracts. Structural cloud migration, EU regulatory tailwinds against US hyperscalers, and accretive M&A consolidation drive the multi-year thesis. Founder-CEO owns 58% and acts like a true owner.
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Baumann Capital initiated WIIT, Europe's only pure-play sovereign cloud provider operating Tier IV data centers across Germany, Italy, and Switzerland. The business serves mission-critical ERP workloads for regulated industries requiring EU data sovereignty, generating 40% EBITDA margins through long-term contracts. Structural cloud migration, EU regulatory tailwinds against US hyperscalers, and accretive M&A consolidation drive the multi-year thesis. Founder-CEO owns 58% and acts like a true owner.
Immersion Investment Partners returned 39.1% in Q2 2026 as the market reversed its irrational Q1 selloff of non-AI holdings. The concentrated micro- and small-cap fund added capital near Q1 lows in companies like Red Violet and Mama's Creations, where temporary factors created gaps between price and value. New position Strata Critical Medical offers compelling growth in organ transplant logistics with significant consolidation opportunities ahead.
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Immersion Investment Partners returned 39.1% in Q2 2026 as the market reversed its irrational Q1 selloff of non-AI holdings. The concentrated micro- and small-cap fund added capital near Q1 lows in companies like Red Violet and Mama's Creations, where temporary factors created gaps between price and value. New position Strata Critical Medical offers compelling growth in organ transplant logistics with significant consolidation opportunities ahead.
CDT's quantitative strategy outperformed year-to-date despite July lag, using proprietary insider sentiment and alternative labor data to navigate markets. Trade deal relief boosted markets but massive BLS job revisions exposed economic weakness. Insider activity flatlining since May signals defensive positioning ahead. Mag 7 concentration creates systemic risk at 31% of S&P 500.
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CDT's quantitative strategy outperformed year-to-date despite July lag, using proprietary insider sentiment and alternative labor data to navigate markets. Trade deal relief boosted markets but massive BLS job revisions exposed economic weakness. Insider activity flatlining since May signals defensive positioning ahead. Mag 7 concentration creates systemic risk at 31% of S&P 500.
Infuse recovered to match S&P 500 returns since inception through concentrated investing in quality growth companies. New position in Alarum, an Israeli proxy network provider, shows 70% growth and 38% free cash flow margins driven by AI data demand. Strong fundamentals but requires active monitoring given competitive risks and management's mixed track record.
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Infuse recovered to match S&P 500 returns since inception through concentrated investing in quality growth companies. New position in Alarum, an Israeli proxy network provider, shows 70% growth and 38% free cash flow margins driven by AI data demand. Strong fundamentals but requires active monitoring given competitive risks and management's mixed track record.