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.
Hood River's International Opportunity Fund outperformed by +19.14% in Q2 2026, driven by stock selection in international small-caps where market inefficiencies reward fundamental research. Japan's corporate governance reforms, AI ecosystem opportunities beyond U.S. mega-caps, and favorable semiconductor cycle dynamics drove performance. Top contributors included Kioxia Holdings, MDA Space, Super Group, and eDreams ODIGEO. The portfolio shifted toward consumer exposure while trimming technology. International equities offer compelling active management opportunities.
Full Quick Take
Hood River's International Opportunity Fund outperformed by +19.14% in Q2 2026, driven by stock selection in international small-caps where market inefficiencies reward fundamental research. Japan's corporate governance reforms, AI ecosystem opportunities beyond U.S. mega-caps, and favorable semiconductor cycle dynamics drove performance. Top contributors included Kioxia Holdings, MDA Space, Super Group, and eDreams ODIGEO. The portfolio shifted toward consumer exposure while trimming technology. International equities offer compelling active management opportunities.
The Hood River International Opportunity Fund posted an exceptional 19.08% return in Q3 2025, outperforming its benchmark by 12.40% through precise stock selection in under-analyzed international small-caps.
Full Quick Take
The Hood River International Opportunity Fund posted an exceptional 19.08% return in Q3 2025, outperforming its benchmark by 12.40% through precise stock selection in under-analyzed international small-caps.
