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.
Oldfield Partners rejects macroeconomic forecasting as inherently futile, choosing instead to focus on buying sound, undervalued companies. The manager addresses market volatility by maintaining a concentrated portfolio of twenty to thirty well-diversified stocks. Despite expensive valuations in major indices, polarization has created compelling value opportunities in emerging market conglomerates, global automotive companies, and the UK market.
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Oldfield Partners rejects macroeconomic forecasting as inherently futile, choosing instead to focus on buying sound, undervalued companies. The manager addresses market volatility by maintaining a concentrated portfolio of twenty to thirty well-diversified stocks. Despite expensive valuations in major indices, polarization has created compelling value opportunities in emerging market conglomerates, global automotive companies, and the UK market.
Nixon Capital rejects macroeconomic forecasting as futile and instead employs a C.S. Lewis-inspired framework of looking 'along' underlying business realities to exploit disconnects between market perception and corporate adaptability.
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Nixon Capital rejects macroeconomic forecasting as futile and instead employs a C.S. Lewis-inspired framework of looking 'along' underlying business realities to exploit disconnects between market perception and corporate adaptability.
Third Avenue Value Fund delivered a strong 11.85% return in Q3 2025, utilizing its classic contrarian approach to exit fully valued 'sunshine' names and fund new investments in deeply discounted assets facing temporary headwinds.
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Third Avenue Value Fund delivered a strong 11.85% return in Q3 2025, utilizing its classic contrarian approach to exit fully valued 'sunshine' names and fund new investments in deeply discounted assets facing temporary headwinds.
