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 London Company Large Cap portfolio returned 6.2% net in Q3 2025, lagging the Russell 1000's 8.0% return due to headwinds facing quality-oriented factors. Despite high valuations and market speculation, the manager remains committed to its defensive, quality-first approach, exiting BRKR and initiating EQH.
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The London Company Large Cap portfolio returned 6.2% net in Q3 2025, lagging the Russell 1000's 8.0% return due to headwinds facing quality-oriented factors. Despite high valuations and market speculation, the manager remains committed to its defensive, quality-first approach, exiting BRKR and initiating EQH.
The London Company Small Cap strategy returned 1.6% net in Q3 2025, lagging the Russell 2000's 12.4% gain as its high-quality, low-volatility focus underperformed in a highly speculative, high-beta market rally. No trades were executed as the manager maintains a disciplined, cautious approach amid stretched valuations.
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The London Company Small Cap strategy returned 1.6% net in Q3 2025, lagging the Russell 2000's 12.4% gain as its high-quality, low-volatility focus underperformed in a highly speculative, high-beta market rally. No trades were executed as the manager maintains a disciplined, cautious approach amid stretched valuations.
Conestoga's high-quality growth composites posted positive returns in 2Q25 but underperformed their respective benchmarks due to a narrow market rally led by low-quality, high-beta, and unprofitable stocks following a tariff pause.
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Conestoga's high-quality growth composites posted positive returns in 2Q25 but underperformed their respective benchmarks due to a narrow market rally led by low-quality, high-beta, and unprofitable stocks following a tariff pause.
