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.
Reaves delivered strong outperformance in the second quarter of 2026 as market leadership broadened toward physical infrastructure enabling artificial intelligence. Expanding electricity demand and hyperscaler capital expenditures provide robust multi-year tailwinds for power generation, grid engineering, and optical communications, outweighing transient geopolitical volatility and commodity price swings across core holdings.
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Reaves delivered strong outperformance in the second quarter of 2026 as market leadership broadened toward physical infrastructure enabling artificial intelligence. Expanding electricity demand and hyperscaler capital expenditures provide robust multi-year tailwinds for power generation, grid engineering, and optical communications, outweighing transient geopolitical volatility and commodity price swings across core holdings.
Old West surged +16.01% in Q1 2026, riding a massive geopolitical oil spike after astutely rotating capital into energy, while doubling down on their core thesis of backing the physical infrastructure required to power the AI economy.
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Old West surged +16.01% in Q1 2026, riding a massive geopolitical oil spike after astutely rotating capital into energy, while doubling down on their core thesis of backing the physical infrastructure required to power the AI economy.
LVS Advisory outlines a high-conviction thesis in power generation, allocating over 20% of their Growth Portfolio to a basket of power assets. They highlight Golar LNG (GLNG) as a core holding with over 2x upside potential by 2030, driven by lucrative long-term floating LNG contracts.
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LVS Advisory outlines a high-conviction thesis in power generation, allocating over 20% of their Growth Portfolio to a basket of power assets. They highlight Golar LNG (GLNG) as a core holding with over 2x upside potential by 2030, driven by lucrative long-term floating LNG contracts.
Burke Wealth Management posted a +15.9% return in Q2 2025, leveraging macro volatility to rotate capital out of cyclical assets like Airbnb and Novo Nordisk and into stable, moat-protected compounders like BWXT and Uber.
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Burke Wealth Management posted a +15.9% return in Q2 2025, leveraging macro volatility to rotate capital out of cyclical assets like Airbnb and Novo Nordisk and into stable, moat-protected compounders like BWXT and Uber.
Legacy Ridge delivered 28% net returns through concentrated energy infrastructure investing, led by nuclear power generator Vistra Corp. The fund capitalizes on energy security themes and grid reliability challenges, finding assets trading at massive discounts to replacement costs. Despite strong performance, managers maintain conviction in further upside while positioning more defensively with higher cash levels.
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Legacy Ridge delivered 28% net returns through concentrated energy infrastructure investing, led by nuclear power generator Vistra Corp. The fund capitalizes on energy security themes and grid reliability challenges, finding assets trading at massive discounts to replacement costs. Despite strong performance, managers maintain conviction in further upside while positioning more defensively with higher cash levels.
