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.
Driven by soaring refining margins and downstream exposure in Valero, Repsol, and super-majors, while maintaining a 6.0% cash allocation and rebalancing positions amid severe Middle East transit disruptions.
Full Quick Take
Driven by soaring refining margins and downstream exposure in Valero, Repsol, and super-majors, while maintaining a 6.0% cash allocation and rebalancing positions amid severe Middle East transit disruptions.
Driven by copper and gold miners. The fund is now taking profits in gold to rebalance into industrials like Enovix, while maintaining a high-conviction, contrarian position in European energy ahead of winter.
Full Quick Take
Driven by copper and gold miners. The fund is now taking profits in gold to rebalance into industrials like Enovix, while maintaining a high-conviction, contrarian position in European energy ahead of winter.