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 Small Cap Select Composite posted a 2.04% net return for Q4, bringing full-year net returns to 11.67%. The managers remain constructive on equities, pivoting toward cyclical sectors amidst stable macroeconomic backdrops and secular AI trends.
Full Quick Take
The Small Cap Select Composite posted a 2.04% net return for Q4, bringing full-year net returns to 11.67%. The managers remain constructive on equities, pivoting toward cyclical sectors amidst stable macroeconomic backdrops and secular AI trends.
Frank Value Fund posted a strong 15.68% YTD gain, driven by successful M&A exits in Nexstar and Tegna. The manager continues to exploit passive index blindspots by investing in s/mid-cap consumer staples with >12% free cash flow yields.
Full Quick Take
Frank Value Fund posted a strong 15.68% YTD gain, driven by successful M&A exits in Nexstar and Tegna. The manager continues to exploit passive index blindspots by investing in s/mid-cap consumer staples with >12% free cash flow yields.
