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.
Bengal Catalyst Fund's thesis centers on cannabis cultivation efficiency as the industry's core differentiator. The manager invests in operators with superior unit economics—lower cost per pound, higher yields, consistent craft quality—that survive pricing compression as markets mature. Concentrated portfolio led by Grown Rogue, expanding from competitive West Coast markets to less efficient East Coast regions. Avoids companies chasing regulatory catalysts, focuses on operational execution and sustainable profitability.
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Bengal Catalyst Fund's thesis centers on cannabis cultivation efficiency as the industry's core differentiator. The manager invests in operators with superior unit economics—lower cost per pound, higher yields, consistent craft quality—that survive pricing compression as markets mature. Concentrated portfolio led by Grown Rogue, expanding from competitive West Coast markets to less efficient East Coast regions. Avoids companies chasing regulatory catalysts, focuses on operational execution and sustainable profitability.
Rowan Street Capital seeks to build long-term wealth by holding a concentrated portfolio of exceptional compounder companies led by strong owner-operators. Despite past stock volatility, core holdings like Meta, Spotify, Trade Desk, Topicus, and Shopify show robust operational momentum, with projected thirty-two percent annual earnings growth over the next three years driving expected performance.
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Rowan Street Capital seeks to build long-term wealth by holding a concentrated portfolio of exceptional compounder companies led by strong owner-operators. Despite past stock volatility, core holdings like Meta, Spotify, Trade Desk, Topicus, and Shopify show robust operational momentum, with projected thirty-two percent annual earnings growth over the next three years driving expected performance.
