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.
Constructive on durable European and emerging-market compounders undergoing cyclical inflections, rotating out of fully-valued semiconductor holdings like Samsung into discounted leaders including JBS and Nintendo.
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Constructive on durable European and emerging-market compounders undergoing cyclical inflections, rotating out of fully-valued semiconductor holdings like Samsung into discounted leaders including JBS and Nintendo.
Outperforming the benchmark as strong stock selection in Health Care and Consumer Discretionary outweighed semiconductor pullbacks, while the managers rotated capital into Lenovo, Hitachi, and Itaú Unibanco.
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Outperforming the benchmark as strong stock selection in Health Care and Consumer Discretionary outweighed semiconductor pullbacks, while the managers rotated capital into Lenovo, Hitachi, and Itaú Unibanco.
Driven by top contribution from IQVIA Holdings and strength in health care and IT, while establishing new positions in Amrize, LVMH, and Willis Towers Watson and exiting BMW and ConocoPhillips.
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Driven by top contribution from IQVIA Holdings and strength in health care and IT, while establishing new positions in Amrize, LVMH, and Willis Towers Watson and exiting BMW and ConocoPhillips.
Well ahead of the MSCI ACWI's +1.6%. The manager maintains that while US-dominated global indices appear dangerously priced, neglected international assets in the UK and emerging markets trade at significant discounts, marking the early stages of a secular rotation into value.
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Well ahead of the MSCI ACWI's +1.6%. The manager maintains that while US-dominated global indices appear dangerously priced, neglected international assets in the UK and emerging markets trade at significant discounts, marking the early stages of a secular rotation into value.
Maintaining a cautious 63.5% risk asset allocation while capitalizing on a brief April market dip to deploy capital into high-conviction SMID and international positions.
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Maintaining a cautious 63.5% risk asset allocation while capitalizing on a brief April market dip to deploy capital into high-conviction SMID and international positions.