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 Oakmark Global Select Fund underperformed the MSCI World Index in Q4 2025. Key activity included establishing a new position in Sanofi and completely exiting Mercedes-Benz and Roche, while Bayer and Alibaba acted as the quarter's primary driver and detractor, respectively.
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The Oakmark Global Select Fund underperformed the MSCI World Index in Q4 2025. Key activity included establishing a new position in Sanofi and completely exiting Mercedes-Benz and Roche, while Bayer and Alibaba acted as the quarter's primary driver and detractor, respectively.
Baron Opportunity Fund delivered strong Q4 and full-year outperformance by capitalizing on SpaceX and xAI, while actively recycling capital out of slowing growth models into emerging secular winners like Axon.
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Baron Opportunity Fund delivered strong Q4 and full-year outperformance by capitalizing on SpaceX and xAI, while actively recycling capital out of slowing growth models into emerging secular winners like Axon.
The Franklin Growth Opportunities Fund modestly underperformed its growth benchmark in Q2 2025 but outperformed the S&P 500, leveraging active management to capitalize on structural trends in AI, reshoring, and healthcare.
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The Franklin Growth Opportunities Fund modestly underperformed its growth benchmark in Q2 2025 but outperformed the S&P 500, leveraging active management to capitalize on structural trends in AI, reshoring, and healthcare.
Andrew Hill Investment Advisors delivered strong second-quarter performance by investing in secular AI growth enablers, grid energy infrastructure, and innovative healthcare leaders. The firm is selectively deploying capital into high-quality companies with durable moats and attractive dividend yields while locking in fixed-income yields ahead of expected Federal Reserve rate cuts.
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Andrew Hill Investment Advisors delivered strong second-quarter performance by investing in secular AI growth enablers, grid energy infrastructure, and innovative healthcare leaders. The firm is selectively deploying capital into high-quality companies with durable moats and attractive dividend yields while locking in fixed-income yields ahead of expected Federal Reserve rate cuts.
