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 Value Line Small Cap Opportunities Fund outperformed its category average in Q1 2026 with a 1.15% return. The fund benefits from strong stock selection in Industrials and an underweight stance in underperforming Tech and Healthcare sectors.
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The Value Line Small Cap Opportunities Fund outperformed its category average in Q1 2026 with a 1.15% return. The fund benefits from strong stock selection in Industrials and an underweight stance in underperforming Tech and Healthcare sectors.
The FPA Queens Road Small Cap Value Fund lagged its benchmark in Q4 due to a highly speculative market environment, but outperformed for the full year 2025.
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The FPA Queens Road Small Cap Value Fund lagged its benchmark in Q4 due to a highly speculative market environment, but outperformed for the full year 2025.
Headwaters Capital remains cautious of a 1999-style speculative AI bubble, instead deploying capital into deeply discounted, high-quality small-cap stocks like Bio-Techne (TECH) to capture an impending market rotation.
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Headwaters Capital remains cautious of a 1999-style speculative AI bubble, instead deploying capital into deeply discounted, high-quality small-cap stocks like Bio-Techne (TECH) to capture an impending market rotation.
Beating its benchmark by 27.6%. The manager maintains high-conviction exposure to small-cap technology and financials while prudently raising cash to 10.6% ahead of the upcoming reporting season, positioning the fund to capitalize on selective opportunities.
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Beating its benchmark by 27.6%. The manager maintains high-conviction exposure to small-cap technology and financials while prudently raising cash to 10.6% ahead of the upcoming reporting season, positioning the fund to capitalize on selective opportunities.