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.
Focus Capital Management delivered a strong 28.5% return in Q2 2025, driven by diversified gains and a major positive ruling in its Burford Capital investment. Additionally, the manager introduces a case study on rejecting Peloton during its IPO, reinforcing their valuation-disciplined investment approach.
Full Quick Take
Focus Capital Management delivered a strong 28.5% return in Q2 2025, driven by diversified gains and a major positive ruling in its Burford Capital investment. Additionally, the manager introduces a case study on rejecting Peloton during its IPO, reinforcing their valuation-disciplined investment approach.
ROCKLINC delivered 3.8% in Q3 by adding to undervalued positions trading at 15-25% discounts to intrinsic value. Initiated Burford Capital and Markel while exiting TD Bank. Gold exposure expanded as precious metals surge 40%+ annually. Portfolio maintains 19% cash amid global debt crisis and high valuations, focusing on hard assets and currency hedges over leveraged financials.
Full Quick Take
ROCKLINC delivered 3.8% in Q3 by adding to undervalued positions trading at 15-25% discounts to intrinsic value. Initiated Burford Capital and Markel while exiting TD Bank. Gold exposure expanded as precious metals surge 40%+ annually. Portfolio maintains 19% cash amid global debt crisis and high valuations, focusing on hard assets and currency hedges over leveraged financials.
