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.
The FAM Funds underperformed their benchmarks in Q4 2025 as the market favored speculative, low-quality, and AI-heavy stocks. Fenimore remains highly disciplined, holding fast to high-quality compounding franchises and taking advantage of selective valuation opportunities.
Full Quick Take
The FAM Funds underperformed their benchmarks in Q4 2025 as the market favored speculative, low-quality, and AI-heavy stocks. Fenimore remains highly disciplined, holding fast to high-quality compounding franchises and taking advantage of selective valuation opportunities.
