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 Apis Global Discovery Fund was up 23.6% net YTD through Q2 2025, buoyed by a South Korean equity rebound and strong alpha generation in structural defense and infrastructure sectors.
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The Apis Global Discovery Fund was up 23.6% net YTD through Q2 2025, buoyed by a South Korean equity rebound and strong alpha generation in structural defense and infrastructure sectors.
Apis Deep Value Fund delivered an exceptional 23.2% net return in Q2 2025, powered by long positions in South Korean defense and power infrastructure. The manager remains constructive on global infrastructure, nuclear energy, and selective 'Trump Trades' while avoiding speculative areas.
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Apis Deep Value Fund delivered an exceptional 23.2% net return in Q2 2025, powered by long positions in South Korean defense and power infrastructure. The manager remains constructive on global infrastructure, nuclear energy, and selective 'Trump Trades' while avoiding speculative areas.
Platinum Asset Management is cautiously positioned with defensive cash and protective shorts, actively rotating capital away from expensive US mega-caps into undervalued, high-quality international themes like South Korean corporate governance reform and nuclear energy.
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Platinum Asset Management is cautiously positioned with defensive cash and protective shorts, actively rotating capital away from expensive US mega-caps into undervalued, high-quality international themes like South Korean corporate governance reform and nuclear energy.
Despite Q2 underperformance driven by a defensive stance and a market pivot to low-quality stocks, the fund is capitalizing on a strong secular nuclear-AI tailwind and remains focused on high-quality micro-cap compounders.
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Despite Q2 underperformance driven by a defensive stance and a market pivot to low-quality stocks, the fund is capitalizing on a strong secular nuclear-AI tailwind and remains focused on high-quality micro-cap compounders.
