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.
In a historic defensive move, Sigil Fund liquidated 100% of its BTC and ETH holdings and de-risked 40% of its portfolio in Q4 2025 to weather structural market headwinds, ending the year with capital preserved and ready for selective deep-value opportunities.
Full Quick Take
In a historic defensive move, Sigil Fund liquidated 100% of its BTC and ETH holdings and de-risked 40% of its portfolio in Q4 2025 to weather structural market headwinds, ending the year with capital preserved and ready for selective deep-value opportunities.
