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.
Macro Ops remains selectively long high-momentum secular themes like tech, crypto, and Japanese equities despite deteriorating market breadth and late-cycle fragility.
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Macro Ops remains selectively long high-momentum secular themes like tech, crypto, and Japanese equities despite deteriorating market breadth and late-cycle fragility.
Trailing the S&P 500 due to defensive positioning and zero AI exposure, while continuing to double down on highly asymmetric, misunderstood micro-cap growth opportunities abroad.
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Trailing the S&P 500 due to defensive positioning and zero AI exposure, while continuing to double down on highly asymmetric, misunderstood micro-cap growth opportunities abroad.
Despite Q2 underperformance driven by a defensive stance and a market pivot to low-quality stocks, the fund is capitalizing on a strong secular nuclear-AI tailwind and remains focused on high-quality micro-cap compounders.
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Despite Q2 underperformance driven by a defensive stance and a market pivot to low-quality stocks, the fund is capitalizing on a strong secular nuclear-AI tailwind and remains focused on high-quality micro-cap compounders.