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.
The strategy underperformed in Q3 due to short-term style headwinds, but remains ahead YTD. The managers strongly urge rebalancing out of concentrated US tech growth and into highly attractive, undervalued international dividend-payers.
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The strategy underperformed in Q3 due to short-term style headwinds, but remains ahead YTD. The managers strongly urge rebalancing out of concentrated US tech growth and into highly attractive, undervalued international dividend-payers.
Troy Asset Management warns of dotcom-style AI excesses and historic S&P 500 concentration. The fund is defensively positioned, trimming positions in Microsoft and Alphabet, taking profits in gold, and selectively buying unloved consumer staples and healthcare.
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Troy Asset Management warns of dotcom-style AI excesses and historic S&P 500 concentration. The fund is defensively positioned, trimming positions in Microsoft and Alphabet, taking profits in gold, and selectively buying unloved consumer staples and healthcare.
The Madison Dividend Income Fund is taking a cautious stance on the broader S&P 500 due to extreme AI concentration and rich valuations, positioning instead in historically cheap, high-quality dividend stocks to protect capital.
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The Madison Dividend Income Fund is taking a cautious stance on the broader S&P 500 due to extreme AI concentration and rich valuations, positioning instead in historically cheap, high-quality dividend stocks to protect capital.
YCG warns of an impending AI overcapacity bust akin to the 1990s telecom crash, opting to hedge market concentration by holding high-quality, recession-resistant 'global toll collectors' with proven pricing power.
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YCG warns of an impending AI overcapacity bust akin to the 1990s telecom crash, opting to hedge market concentration by holding high-quality, recession-resistant 'global toll collectors' with proven pricing power.