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.
Artisan Focus Fund gained 19.89% in 2025, outperforming the benchmark via a rigorous, bottom-up process focused on finding inflection points in returns on capital and positive earnings revisions.
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Artisan Focus Fund gained 19.89% in 2025, outperforming the benchmark via a rigorous, bottom-up process focused on finding inflection points in returns on capital and positive earnings revisions.
49 Financial warns that extreme U.S. benchmark concentration and elevated valuations require a shift toward global diversification and active risk management heading into 2026.
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49 Financial warns that extreme U.S. benchmark concentration and elevated valuations require a shift toward global diversification and active risk management heading into 2026.
The Artisan Focus Fund outperformed the S&P 500 in 2025 with a 19.89% return, and the manager expects the next three years to offer the richest opportunity set since inception, driven by systemic, AI-led productivity inflections.
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The Artisan Focus Fund outperformed the S&P 500 in 2025 with a 19.89% return, and the manager expects the next three years to offer the richest opportunity set since inception, driven by systemic, AI-led productivity inflections.
Despite a consolidation drag in Q3 from infrastructure holdings, the Artisan Focus Fund maintains a strong 20.53% YTD return. The portfolio is positioned to benefit from financial deregulation and power infrastructure demands while avoiding capital-heavy mega-cap stocks.
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Despite a consolidation drag in Q3 from infrastructure holdings, the Artisan Focus Fund maintains a strong 20.53% YTD return. The portfolio is positioned to benefit from financial deregulation and power infrastructure demands while avoiding capital-heavy mega-cap stocks.
The Centerstone Investors Fund successfully navigated market volatility in Q2 2025 by leveraging unhedged foreign equities, gold hedges, and elevated cash reserves yielding around 4% amid weakening economic indicators.
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The Centerstone Investors Fund successfully navigated market volatility in Q2 2025 by leveraging unhedged foreign equities, gold hedges, and elevated cash reserves yielding around 4% amid weakening economic indicators.
