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.
While speculative market behavior led to underperformance in 2025, Conestoga's commitment to high-quality compounding remains unchanged, and the firm sees a highly compelling 2026 setup for Small Caps.
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While speculative market behavior led to underperformance in 2025, Conestoga's commitment to high-quality compounding remains unchanged, and the firm sees a highly compelling 2026 setup for Small Caps.
The fund underperformed its benchmark in Q3 2025 as a speculative 'low quality' rally rewarded risky and unprofitable stocks over high-quality ones. The managers maintain their disciplined value approach, expecting the market to become more selective as interest rates trend downward.
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The fund underperformed its benchmark in Q3 2025 as a speculative 'low quality' rally rewarded risky and unprofitable stocks over high-quality ones. The managers maintain their disciplined value approach, expecting the market to become more selective as interest rates trend downward.
