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.
Laughing Water Capital delivered a robust 13.1% net return in Q2 2025. The general partner continues to run a concentrated portfolio of small-cap opportunities that 'screen' poorly on GAAP metrics but possess strong economic moats and heavily aligned insider ownership.
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Laughing Water Capital delivered a robust 13.1% net return in Q2 2025. The general partner continues to run a concentrated portfolio of small-cap opportunities that 'screen' poorly on GAAP metrics but possess strong economic moats and heavily aligned insider ownership.
