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.
Antipodes Global Fund utilizes an all-weather value approach to navigate historic market concentration. Believing the current AI memory hardware boom is cyclical and priced to perfection, the fund is underweight mega-cap tech. Instead, the manager is selectively adding to resilient analog semiconductors, defensive consumer stalwarts, and misunderstood software incumbents, positioning the portfolio to benefit as market participation broadens.
Full Quick Take
Antipodes Global Fund utilizes an all-weather value approach to navigate historic market concentration. Believing the current AI memory hardware boom is cyclical and priced to perfection, the fund is underweight mega-cap tech. Instead, the manager is selectively adding to resilient analog semiconductors, defensive consumer stalwarts, and misunderstood software incumbents, positioning the portfolio to benefit as market participation broadens.
Miller/Howard's Infrastructure portfolio outpaced its benchmark in 3Q 2025 by leaning into high-yielding defensive utilities and midstream energy, uniquely positioning itself to benefit from the massive power requirements of next-generation AI training.
Full Quick Take
Miller/Howard's Infrastructure portfolio outpaced its benchmark in 3Q 2025 by leaning into high-yielding defensive utilities and midstream energy, uniquely positioning itself to benefit from the massive power requirements of next-generation AI training.
