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.
Markets delivered positive first-half returns despite Middle East conflict and inflation resurgence, driven by exceptional earnings from AI monetization and energy sector strength. Energy equities remain undervalued at $65 WTI versus $80 floor expectations. AI cloud backlog crossed $2 trillion, driving 70% of S&P earnings growth. Critical minerals and infrastructure benefit from strategic priority shift. Digital assets mature into financial infrastructure with stablecoins exceeding $300 billion. Inflation and rate risks persist but fundamentals favor continued opportunity.
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Markets delivered positive first-half returns despite Middle East conflict and inflation resurgence, driven by exceptional earnings from AI monetization and energy sector strength. Energy equities remain undervalued at $65 WTI versus $80 floor expectations. AI cloud backlog crossed $2 trillion, driving 70% of S&P earnings growth. Critical minerals and infrastructure benefit from strategic priority shift. Digital assets mature into financial infrastructure with stablecoins exceeding $300 billion. Inflation and rate risks persist but fundamentals favor continued opportunity.
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.
International equities significantly outperformed U.S. stocks in 2025, marking the start of a anticipated multi-year leadership phase supported by secular drivers like AI energy needs and policy reforms.
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International equities significantly outperformed U.S. stocks in 2025, marking the start of a anticipated multi-year leadership phase supported by secular drivers like AI energy needs and policy reforms.
The Artisan Global Discovery Fund logged modest absolute gains in Q3 but underperformed its benchmark due to tech software and financial sector headwinds. The fund is actively shifting capital away from seat-based SaaS companies toward high-conviction defense, healthcare, and AI hardware franchises.
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The Artisan Global Discovery Fund logged modest absolute gains in Q3 but underperformed its benchmark due to tech software and financial sector headwinds. The fund is actively shifting capital away from seat-based SaaS companies toward high-conviction defense, healthcare, and AI hardware franchises.
GROW Funds capped a stellar 2024 with 26-31% net returns, utilizing active trading to lock in massive gains in top-performing industrial and tech holdings while initiating fresh positions in high-upside biotech.
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GROW Funds capped a stellar 2024 with 26-31% net returns, utilizing active trading to lock in massive gains in top-performing industrial and tech holdings while initiating fresh positions in high-upside biotech.
