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.
Reaves delivered strong outperformance in the second quarter of 2026 as market leadership broadened toward physical infrastructure enabling artificial intelligence. Expanding electricity demand and hyperscaler capital expenditures provide robust multi-year tailwinds for power generation, grid engineering, and optical communications, outweighing transient geopolitical volatility and commodity price swings across core holdings.
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Reaves delivered strong outperformance in the second quarter of 2026 as market leadership broadened toward physical infrastructure enabling artificial intelligence. Expanding electricity demand and hyperscaler capital expenditures provide robust multi-year tailwinds for power generation, grid engineering, and optical communications, outweighing transient geopolitical volatility and commodity price swings across core holdings.
