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 Apis Flagship Fund posted a stellar 23.7% net return in Q2 2025, heavily propelled by a recovery in Korean equities and strong structural themes in defense and power infrastructure. The fund remains focused on high-conviction long ideas like Magnite and NOF Corp while using tactical shorts against overhyped sectors like quantum computing SPACs.
Full Quick Take
The Apis Flagship Fund posted a stellar 23.7% net return in Q2 2025, heavily propelled by a recovery in Korean equities and strong structural themes in defense and power infrastructure. The fund remains focused on high-conviction long ideas like Magnite and NOF Corp while using tactical shorts against overhyped sectors like quantum computing SPACs.
Apis Deep Value Fund delivered an exceptional 23.2% net return in Q2 2025, powered by long positions in South Korean defense and power infrastructure. The manager remains constructive on global infrastructure, nuclear energy, and selective 'Trump Trades' while avoiding speculative areas.
Full Quick Take
Apis Deep Value Fund delivered an exceptional 23.2% net return in Q2 2025, powered by long positions in South Korean defense and power infrastructure. The manager remains constructive on global infrastructure, nuclear energy, and selective 'Trump Trades' while avoiding speculative areas.
