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 Mairs & Power Small Cap Fund lagged its benchmark in 2025 due to a speculative, risk-on environment, but the managers maintain high conviction in their quality-first approach as small-cap earnings show strong signs of recovery amidst historically cheap valuations.
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The Mairs & Power Small Cap Fund lagged its benchmark in 2025 due to a speculative, risk-on environment, but the managers maintain high conviction in their quality-first approach as small-cap earnings show strong signs of recovery amidst historically cheap valuations.
Vulcan Value Partners posted solid double-digit annual returns across all strategies, capitalizing on value compounding in core holdings while remaining fully invested. The manager is actively reallocating capital into high margin-of-safety opportunities across Small Cap and select global leaders.
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Vulcan Value Partners posted solid double-digit annual returns across all strategies, capitalizing on value compounding in core holdings while remaining fully invested. The manager is actively reallocating capital into high margin-of-safety opportunities across Small Cap and select global leaders.
