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.
Warden Capital posted 15.91% YTD returns led by Uniqure's surge after FDA reversal on Huntington's treatment approval and Gitlab as largest position on AI-driven code infrastructure thesis. Manager increasingly concerned AI capex boom is unsustainable, requiring unrealistic revenue growth with risk of violent crash given market concentration. Portfolio positioned defensively with cheap stocks, significant shorts, and no semiconductor exposure to benefit from potential momentum rotation.
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Warden Capital posted 15.91% YTD returns led by Uniqure's surge after FDA reversal on Huntington's treatment approval and Gitlab as largest position on AI-driven code infrastructure thesis. Manager increasingly concerned AI capex boom is unsustainable, requiring unrealistic revenue growth with risk of violent crash given market concentration. Portfolio positioned defensively with cheap stocks, significant shorts, and no semiconductor exposure to benefit from potential momentum rotation.
