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.
Outperforming the Russell Midcap Index driven by strong selection in consumer discretionary and industrials, while opportunistically scaling positions in Thermo Fisher and S&P Global.
Full Quick Take
Outperforming the Russell Midcap Index driven by strong selection in consumer discretionary and industrials, while opportunistically scaling positions in Thermo Fisher and S&P Global.
Outperforming the benchmark index by 7.0%. Despite annual headwinds in consumer holdings, core assets like PWR Holdings and Bravura Solutions posted strong operating rebounds.
Full Quick Take
Outperforming the benchmark index by 7.0%. Despite annual headwinds in consumer holdings, core assets like PWR Holdings and Bravura Solutions posted strong operating rebounds.
The Strategy navigated historic value-over-growth headwinds in 2025 by selectively adding to structural value plays like European banks and optimizing healthcare holdings, while remaining constructive on international valuations and AI infrastructure.
Full Quick Take
The Strategy navigated historic value-over-growth headwinds in 2025 by selectively adding to structural value plays like European banks and optimizing healthcare holdings, while remaining constructive on international valuations and AI infrastructure.