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.
Third Avenue Value Fund delivered a strong 20.16% return in 2023 by investing in mispriced global businesses with durable fundamentals. Despite persistent market noise surrounding interest rates and growth stock dominance, the fund maintains a low 8.2x weighted average P/E while actively adding to contrarian positions like S4 Capital and new holdings like Bolsa Mexicana.
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Third Avenue Value Fund delivered a strong 20.16% return in 2023 by investing in mispriced global businesses with durable fundamentals. Despite persistent market noise surrounding interest rates and growth stock dominance, the fund maintains a low 8.2x weighted average P/E while actively adding to contrarian positions like S4 Capital and new holdings like Bolsa Mexicana.
