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.
Capping a 16.4% gain for 2025, driven by covering a highly profitable AI-euphoria short (Fermi) and adding to contrarian longs like Kistos and a Unilever spin-off.
Full Quick Take
Capping a 16.4% gain for 2025, driven by covering a highly profitable AI-euphoria short (Fermi) and adding to contrarian longs like Kistos and a Unilever spin-off.