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.
SouthernSun underperformed in Q2 as AI speculation drove small-cap indices, but the manager deliberately avoided chasing concentration risk. The portfolio delivered solid absolute returns of 10.58% net with strong performance from Extreme Networks and Dorman Products. The team maintains conviction in renewable energy and aftermarket auto parts despite near-term headwinds, conducting deep field research to identify mispriced multi-year compounders while avoiding speculative growth.
Full Quick Take
SouthernSun underperformed in Q2 as AI speculation drove small-cap indices, but the manager deliberately avoided chasing concentration risk. The portfolio delivered solid absolute returns of 10.58% net with strong performance from Extreme Networks and Dorman Products. The team maintains conviction in renewable energy and aftermarket auto parts despite near-term headwinds, conducting deep field research to identify mispriced multi-year compounders while avoiding speculative growth.
AWO's NAV grew by +2.9% in Q4 2025, supported by strong performance in Georgia Capital and Gresham House Energy Storage, while the manager actively deployed capital into out-of-favor renewable energy holdings.
Full Quick Take
AWO's NAV grew by +2.9% in Q4 2025, supported by strong performance in Georgia Capital and Gresham House Energy Storage, while the manager actively deployed capital into out-of-favor renewable energy holdings.
