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.
Wedgewood experienced severe relative underperformance in 2025 due to a speculative, narrow AI-driven market, but they have repositioned the portfolio into attractive quality assets like Amazon and Chubb, trading at a rare valuation discount relative to growth indices.
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Wedgewood experienced severe relative underperformance in 2025 due to a speculative, narrow AI-driven market, but they have repositioned the portfolio into attractive quality assets like Amazon and Chubb, trading at a rare valuation discount relative to growth indices.
Generation Investment Management is using short-term market distortions to double down on a more concentrated, historically cheap portfolio of top-quality sustainable compounders, positioned to deliver strong outperformance when the market eventually shifts back to fundamental.
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Generation Investment Management is using short-term market distortions to double down on a more concentrated, historically cheap portfolio of top-quality sustainable compounders, positioned to deliver strong outperformance when the market eventually shifts back to fundamental.
The Small Cap Strategy faced temporary headwinds from a low-quality market rally in 2025, but is well-positioned for a 2026 rotation back to high-quality fundamentals as interest rates decline.
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The Small Cap Strategy faced temporary headwinds from a low-quality market rally in 2025, but is well-positioned for a 2026 rotation back to high-quality fundamentals as interest rates decline.