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 Artisan Global Discovery Fund logged modest absolute gains in Q3 but underperformed its benchmark due to tech software and financial sector headwinds. The fund is actively shifting capital away from seat-based SaaS companies toward high-conviction defense, healthcare, and AI hardware franchises.
Full Quick Take
The Artisan Global Discovery Fund logged modest absolute gains in Q3 but underperformed its benchmark due to tech software and financial sector headwinds. The fund is actively shifting capital away from seat-based SaaS companies toward high-conviction defense, healthcare, and AI hardware franchises.
Saga Portfolio rebounded 117% in H1 2023 after 85% decline in 2022, validating concentrated secular trend investing approach. Manager targets companies in transitional innovation phases where winners emerge but face uncertainty. Roku positioned to benefit from streaming TV consolidation around operating systems. Maintains conviction through extreme volatility, focusing on long-term competitive advantages over short-term price movements.
Full Quick Take
Saga Portfolio rebounded 117% in H1 2023 after 85% decline in 2022, validating concentrated secular trend investing approach. Manager targets companies in transitional innovation phases where winners emerge but face uncertainty. Roku positioned to benefit from streaming TV consolidation around operating systems. Maintains conviction through extreme volatility, focusing on long-term competitive advantages over short-term price movements.
