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.
Sands Capital's Technology Innovators underperformed in Q4 2025 due to valuation compression and an underweight to Apple and Alphabet, but the manager has reallocated capital to high-conviction AI and infrastructure compounders, entering 2026 with strong confidence in secular tech themes.
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Sands Capital's Technology Innovators underperformed in Q4 2025 due to valuation compression and an underweight to Apple and Alphabet, but the manager has reallocated capital to high-conviction AI and infrastructure compounders, entering 2026 with strong confidence in secular tech themes.
