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 Kopernik Global All-Cap Fund posted a stellar 12.58% gain in Q3 2025, driven by materials and PGM exposure. The team actively rotated capital from gold miners into platinum and industrial metals while maintaining short put options to hedge against overvalued US markets.
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The Kopernik Global All-Cap Fund posted a stellar 12.58% gain in Q3 2025, driven by materials and PGM exposure. The team actively rotated capital from gold miners into platinum and industrial metals while maintaining short put options to hedge against overvalued US markets.
