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.
Sigil Core outperformed Bitcoin by 33% in Q2 2026 on concentrated bets in perpetual DEXes Hyperliquid and Lighter, while broader crypto faced DeFi exploits and MicroStrategy selling pressure. Infrastructure has matured to institutional-grade with favorable regulatory shifts positioning crypto for the next $1T from institutions rather than retail. Perpetual DEXes and privacy assets represent secular multi-cycle opportunities despite near-term market challenges.
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Sigil Core outperformed Bitcoin by 33% in Q2 2026 on concentrated bets in perpetual DEXes Hyperliquid and Lighter, while broader crypto faced DeFi exploits and MicroStrategy selling pressure. Infrastructure has matured to institutional-grade with favorable regulatory shifts positioning crypto for the next $1T from institutions rather than retail. Perpetual DEXes and privacy assets represent secular multi-cycle opportunities despite near-term market challenges.
The Fund faced extreme underperformance due to a speculative, low-quality small-cap rally, but the manager remains firmly committed to high-quality compounders, actively recycling capital into IPOs and cheap, profitable growth stocks.
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The Fund faced extreme underperformance due to a speculative, low-quality small-cap rally, but the manager remains firmly committed to high-quality compounders, actively recycling capital into IPOs and cheap, profitable growth stocks.
BIGZ provides exposure to high-growth, innovative SMID-cap public equities and private ventures. Despite recent quarter underperformance due to small-cap headwinds and private asset markdowns, strong fundamentals in AI-driven technology and a re-emerging IPO environment offer upside optionality, supported by an income-generating options strategy.
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BIGZ provides exposure to high-growth, innovative SMID-cap public equities and private ventures. Despite recent quarter underperformance due to small-cap headwinds and private asset markdowns, strong fundamentals in AI-driven technology and a re-emerging IPO environment offer upside optionality, supported by an income-generating options strategy.
