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.
LWC posted a lackluster 3.9% net return for 2025, hit by a market favoring massive momentum stocks, but remains fully invested and highly convicted in cheap, high-fundamental-growth holdings like LFCR, LQDA, and NN.
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LWC posted a lackluster 3.9% net return for 2025, hit by a market favoring massive momentum stocks, but remains fully invested and highly convicted in cheap, high-fundamental-growth holdings like LFCR, LQDA, and NN.
Speculative AI enthusiasm drove low-quality stocks to outperform in Q2, causing Fenimore's quality-focused funds to lag benchmarks despite solid absolute gains. The manager is actively selling companies vulnerable to tariffs while adding to high-quality compounders.
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Speculative AI enthusiasm drove low-quality stocks to outperform in Q2, causing Fenimore's quality-focused funds to lag benchmarks despite solid absolute gains. The manager is actively selling companies vulnerable to tariffs while adding to high-quality compounders.
Ace River Capital returned -5.33% in Q2 2025 as its concentrated small-cap holdings underperformed benchmarks, but the manager remains highly constructive, utilizing market volatility to accumulate shares in core holdings like MarineMax.
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Ace River Capital returned -5.33% in Q2 2025 as its concentrated small-cap holdings underperformed benchmarks, but the manager remains highly constructive, utilizing market volatility to accumulate shares in core holdings like MarineMax.
