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.
Antipodes Global Fund utilizes an all-weather value approach to navigate historic market concentration. Believing the current AI memory hardware boom is cyclical and priced to perfection, the fund is underweight mega-cap tech. Instead, the manager is selectively adding to resilient analog semiconductors, defensive consumer stalwarts, and misunderstood software incumbents, positioning the portfolio to benefit as market participation broadens.
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Antipodes Global Fund utilizes an all-weather value approach to navigate historic market concentration. Believing the current AI memory hardware boom is cyclical and priced to perfection, the fund is underweight mega-cap tech. Instead, the manager is selectively adding to resilient analog semiconductors, defensive consumer stalwarts, and misunderstood software incumbents, positioning the portfolio to benefit as market participation broadens.
Greenwood Gearhart views recent geopolitical volatility in Iran and softening macro indicators as overdone, compressing valuations for high-quality large caps despite resilient fundamentals. The firm maintains a diversified portfolio, leveraging stable defensive sectors like utilities and staples to buffer tech exposure while looking to selectively capitalize on long-term entry points.
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Greenwood Gearhart views recent geopolitical volatility in Iran and softening macro indicators as overdone, compressing valuations for high-quality large caps despite resilient fundamentals. The firm maintains a diversified portfolio, leveraging stable defensive sectors like utilities and staples to buffer tech exposure while looking to selectively capitalize on long-term entry points.
RM Capital experienced a challenging Q1 2026 with a -16.33% net return due to SaaS multiple compression and geopolitical headwinds. The manager is actively using this dislocation to aggressively pivot capital into deep-value fintech and asset-backed businesses offering significant margins of safety.
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RM Capital experienced a challenging Q1 2026 with a -16.33% net return due to SaaS multiple compression and geopolitical headwinds. The manager is actively using this dislocation to aggressively pivot capital into deep-value fintech and asset-backed businesses offering significant margins of safety.
White Falcon Capital Management seeks long-term capital compounding by investing in deeply mispriced, high-quality businesses with strong management. Following a strong 36.0% return in 2023, the fund has trimmed its tech winners to build optionality, selectively deploying capital into under-the-radar small and mid-cap companies where valuations and expectations remain exceptionally low.
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White Falcon Capital Management seeks long-term capital compounding by investing in deeply mispriced, high-quality businesses with strong management. Following a strong 36.0% return in 2023, the fund has trimmed its tech winners to build optionality, selectively deploying capital into under-the-radar small and mid-cap companies where valuations and expectations remain exceptionally low.
