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.
BBH Select Mid Cap ETF underperformed in Q4 due to a persistent market rally in speculative, unprofitable companies, but the manager remains highly confident in its low-leverage, high-quality portfolio trading at 82% of intrinsic value.
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BBH Select Mid Cap ETF underperformed in Q4 due to a persistent market rally in speculative, unprofitable companies, but the manager remains highly confident in its low-leverage, high-quality portfolio trading at 82% of intrinsic value.
Conestoga's conservative, high-quality strategies lagged in 2Q25 as a highly narrow market rebound favored speculative, unprofitable, and high-beta stocks. The firm remains committed to its disciplined quality focus, using near-term volatility to selectively upgrade and add long-term compounders.
Full Quick Take
Conestoga's conservative, high-quality strategies lagged in 2Q25 as a highly narrow market rebound favored speculative, unprofitable, and high-beta stocks. The firm remains committed to its disciplined quality focus, using near-term volatility to selectively upgrade and add long-term compounders.
