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.
Mayar Capital remains strongly committed to its disciplined value and quality approach, refusing to participate in the ongoing AI and technology stock bubble. Although this stance has resulted in recent underperformance compared to index benchmarks, the manager believes their portfolio of neglected, high-quality businesses is positioned at its highest-upside valuation level in history.
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Mayar Capital remains strongly committed to its disciplined value and quality approach, refusing to participate in the ongoing AI and technology stock bubble. Although this stance has resulted in recent underperformance compared to index benchmarks, the manager believes their portfolio of neglected, high-quality businesses is positioned at its highest-upside valuation level in history.
Turtle Creek argues that modern market structures (ETFs, AI, gamified retail) have broken short-term price efficiency. This creates a highly advantageous environment for patient value managers to buy mispriced companies at deep discounts.
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Turtle Creek argues that modern market structures (ETFs, AI, gamified retail) have broken short-term price efficiency. This creates a highly advantageous environment for patient value managers to buy mispriced companies at deep discounts.
Robotti & Company Advisors leverages short-term market volatility and algorithmic mispricing to invest in deeply undervalued cyclical companies. The firm highlights strategic positioning in ArcelorMittal and Interfor, emphasizing that buying high-quality productive capacity at a fraction of replacement cost provides an asymmetric multi-year return profile as normalized industry conditions return.
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Robotti & Company Advisors leverages short-term market volatility and algorithmic mispricing to invest in deeply undervalued cyclical companies. The firm highlights strategic positioning in ArcelorMittal and Interfor, emphasizing that buying high-quality productive capacity at a fraction of replacement cost provides an asymmetric multi-year return profile as normalized industry conditions return.
