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 quarter was defined by the initiation of a 5% position in Adobe at attractive valuation multiples, adding to Mexican airport operators (OMA and ASUR) on currency/fuel weakness, and executing a complete post-quarter exit from China (Bosideng and Luzhou Laojiao) while.
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The quarter was defined by the initiation of a 5% position in Adobe at attractive valuation multiples, adding to Mexican airport operators (OMA and ASUR) on currency/fuel weakness, and executing a complete post-quarter exit from China (Bosideng and Luzhou Laojiao) while.
Fairfax Financial reported strong second-quarter 2026 net earnings of $1.39 billion and a 93.1% combined ratio, fueled by robust underwriting profit and an $838.4 million realized gain on Poseidon.
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Fairfax Financial reported strong second-quarter 2026 net earnings of $1.39 billion and a 93.1% combined ratio, fueled by robust underwriting profit and an $838.4 million realized gain on Poseidon.
Sequoia Fund outperformed the S&P 500 in Q2 2025 with a return of 14.35% versus 10.94%, driven by high-conviction holdings. The managers opportunistically added to ICON and Universal Music Group while trimming several positions to fund new, undisclosed investments.
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Sequoia Fund outperformed the S&P 500 in Q2 2025 with a return of 14.35% versus 10.94%, driven by high-conviction holdings. The managers opportunistically added to ICON and Universal Music Group while trimming several positions to fund new, undisclosed investments.
Outperforming its benchmark by capturing a performance reversal driven by solid company fundamentals. The manager initiated three new value positions and exited Naver due to long-term AI-related search disruption risks.
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Outperforming its benchmark by capturing a performance reversal driven by solid company fundamentals. The manager initiated three new value positions and exited Naver due to long-term AI-related search disruption risks.
Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir.
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Artisan Mid Cap Fund delivered a solid absolute return in Q2 2025 but underperformed due to its disciplined decision to avoid high-flying benchmark giant Palantir.