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.
Cedar Creek delivered 12.6% in the first half of 2026, maintaining its 20-year track record of 15% annualized returns. The microcap-focused fund increased expert market exposure to 32.5%, led by natural gas producer Exco Resources and asset-rich Harbor Diversified. Community banks now represent 14% of assets at 6-7 times earnings. The portfolio trades at 7.3 times forward earnings with significant illiquidity discounts creating opportunity.
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Cedar Creek delivered 12.6% in the first half of 2026, maintaining its 20-year track record of 15% annualized returns. The microcap-focused fund increased expert market exposure to 32.5%, led by natural gas producer Exco Resources and asset-rich Harbor Diversified. Community banks now represent 14% of assets at 6-7 times earnings. The portfolio trades at 7.3 times forward earnings with significant illiquidity discounts creating opportunity.
Cedar Creek Partners closed out a highly successful 2025 with a 29.6% return, driven by deeply discounted microcaps and expert market plays trading at just 7.1x estimated forward earnings.
Full Quick Take
Cedar Creek Partners closed out a highly successful 2025 with a 29.6% return, driven by deeply discounted microcaps and expert market plays trading at just 7.1x estimated forward earnings.
Cedar Creek Partners posted a strong 9.9% return in Q3 2025 and is actively redeploying cash from profitable buyout exits into high-conviction microcaps and undervalued community banks.
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Cedar Creek Partners posted a strong 9.9% return in Q3 2025 and is actively redeploying cash from profitable buyout exits into high-conviction microcaps and undervalued community banks.
Cedar Creek Partners returned 5.8% in Q2, actively deploying cash into private vehicles and high-conviction microcaps while securing solid exit pathways on several core holdings.
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Cedar Creek Partners returned 5.8% in Q2, actively deploying cash into private vehicles and high-conviction microcaps while securing solid exit pathways on several core holdings.
