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.
The BNY Mellon Appreciation Fund returned 8.80% in Q2 2025, underperforming the S&P 500 Index's 10.94% return due to negative stock selection, despite solid contributions from mega-cap tech holdings amid tariff-driven market volatility.
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The BNY Mellon Appreciation Fund returned 8.80% in Q2 2025, underperforming the S&P 500 Index's 10.94% return due to negative stock selection, despite solid contributions from mega-cap tech holdings amid tariff-driven market volatility.
The Aristotle/Saul Global Equity Fund underperformed in Q2 2025 with a 9.09% return, primarily due to technology underweighting. Management active rotated out of PayPal and Rational to buy Capital One and Uber, maintaining its long-term quality bias.
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The Aristotle/Saul Global Equity Fund underperformed in Q2 2025 with a 9.09% return, primarily due to technology underweighting. Management active rotated out of PayPal and Rational to buy Capital One and Uber, maintaining its long-term quality bias.
