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.
FPA New Income Fund returned a strong 7.36% in 2025 and is maintaining a highly cautious, contrarian stance by avoiding expensive corporate credit in favor of liquid, high-quality Treasuries and Agency bonds.
Full Quick Take
FPA New Income Fund returned a strong 7.36% in 2025 and is maintaining a highly cautious, contrarian stance by avoiding expensive corporate credit in favor of liquid, high-quality Treasuries and Agency bonds.
The Heartland Value Plus Fund slightly underperformed in Q4 2025 due to avoiding unprofitable biotech companies, but remains highly optimistic for 2026, positioning into high-conviction value plays like WCC and LAMR as small-cap earnings growth is poised to outpace large caps.
Full Quick Take
The Heartland Value Plus Fund slightly underperformed in Q4 2025 due to avoiding unprofitable biotech companies, but remains highly optimistic for 2026, positioning into high-conviction value plays like WCC and LAMR as small-cap earnings growth is poised to outpace large caps.
Horizon's active models remained fully invested during a volatile Q4 2024, benefiting from an overweight to U.S. equities over international markets and a positive structural stance on high-yield corporate credit.
Full Quick Take
Horizon's active models remained fully invested during a volatile Q4 2024, benefiting from an overweight to U.S. equities over international markets and a positive structural stance on high-yield corporate credit.
The Lord Abbett Developing Growth Fund achieved a 6.41% return in 3Q24, underperforming its benchmark's 8.41% gain. Portfolio management remains optimistic about small-cap growth, looking to rate cuts and structural trends like AI and reshoring to drive future outperformance.
Full Quick Take
The Lord Abbett Developing Growth Fund achieved a 6.41% return in 3Q24, underperforming its benchmark's 8.41% gain. Portfolio management remains optimistic about small-cap growth, looking to rate cuts and structural trends like AI and reshoring to drive future outperformance.
