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.
BDL Capital Management has shifted to a cautious, defensive stance in Q1 2026, dropping its cyclical exposure to zero and heavily trimming net exposure to protect capital against Middle East recessionary risks.
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BDL Capital Management has shifted to a cautious, defensive stance in Q1 2026, dropping its cyclical exposure to zero and heavily trimming net exposure to protect capital against Middle East recessionary risks.
Underperforming the benchmark but beating its peer group. The managers pivoted toward Broadcom and Tencent while exiting Novo Nordisk and Infineon to protect capital amidst elevated equity valuations.
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Underperforming the benchmark but beating its peer group. The managers pivoted toward Broadcom and Tencent while exiting Novo Nordisk and Infineon to protect capital amidst elevated equity valuations.