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 Canopy Global Small & Mid Cap Fund suffered a -9.2% return in H1 FY26 due to a broad de-rating of quality stocks, which the manager argues creates a highly compelling, earnings-backed opportunity.
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The Canopy Global Small & Mid Cap Fund suffered a -9.2% return in H1 FY26 due to a broad de-rating of quality stocks, which the manager argues creates a highly compelling, earnings-backed opportunity.
Hayden Capital outperformed in Q3 2025 with a +20.1% return, driven by a patient stance on AI infrastructure bubbles and a high-conviction position in Japanese gig-work platform Timee.
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Hayden Capital outperformed in Q3 2025 with a +20.1% return, driven by a patient stance on AI infrastructure bubbles and a high-conviction position in Japanese gig-work platform Timee.
Asheville Capital outperformed the MSCI ACWI in H1 2025 with a 13.4% return, driven by its top holdings, and established a new high-conviction position in Japanese HR-tech platform Timee.
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Asheville Capital outperformed the MSCI ACWI in H1 2025 with a 13.4% return, driven by its top holdings, and established a new high-conviction position in Japanese HR-tech platform Timee.
Brown Advisory Mid-Cap Growth returned 16.0% gross in Q2 2025, underperforming its benchmark's 18.2% return due to zero exposure to mega-cap contributor Palantir. The manager remains constructive, adding Cloudflare, Comfort Systems, and Voyager while recycling capital out of fully valued or high-tariff-risk names.
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Brown Advisory Mid-Cap Growth returned 16.0% gross in Q2 2025, underperforming its benchmark's 18.2% return due to zero exposure to mega-cap contributor Palantir. The manager remains constructive, adding Cloudflare, Comfort Systems, and Voyager while recycling capital out of fully valued or high-tariff-risk names.
