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.
Artisan Small Cap Fund returned 26.11% in Q2 2026, modestly outperforming despite market leadership favoring low-quality companies. Health care and AI infrastructure holdings drove performance, with biotechnology and semiconductor positions delivering strong results. Software was reduced to underweight as AI reshapes competitive dynamics. New positions in Virtu Financial, Murphy USA, and USA Rare Earth reflect conviction in company-specific profit cycles. Managers maintain discipline on quality and valuation while seeing attractive long-term opportunities in AI infrastructure and biotechnology.
Full Quick Take
Artisan Small Cap Fund returned 26.11% in Q2 2026, modestly outperforming despite market leadership favoring low-quality companies. Health care and AI infrastructure holdings drove performance, with biotechnology and semiconductor positions delivering strong results. Software was reduced to underweight as AI reshapes competitive dynamics. New positions in Virtu Financial, Murphy USA, and USA Rare Earth reflect conviction in company-specific profit cycles. Managers maintain discipline on quality and valuation while seeing attractive long-term opportunities in AI infrastructure and biotechnology.
Shelton's covered call strategy outperformed during volatile Q1 2026 despite broad market decline, generating income from options premiums and dividends. Middle East conflict drove energy outperformance while tech and financials lagged. Manager maintains positions in underperformers viewed as attractively valued, believing the strategy benefits from increased volatility ahead.
Full Quick Take
Shelton's covered call strategy outperformed during volatile Q1 2026 despite broad market decline, generating income from options premiums and dividends. Middle East conflict drove energy outperformance while tech and financials lagged. Manager maintains positions in underperformers viewed as attractively valued, believing the strategy benefits from increased volatility ahead.
