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.
Davenport's Q3 2025 update notes rich market valuations of 23x forward P/E and speculative AI behaviors, reinforcing the firm's cautious, valuation-disciplined approach. The Core Leaders Fund trimmed prominent tech holdings and selectively added to Intuitive Surgical, prioritizing risk mitigation over chasing speculative momentum.
Full Quick Take
Davenport's Q3 2025 update notes rich market valuations of 23x forward P/E and speculative AI behaviors, reinforcing the firm's cautious, valuation-disciplined approach. The Core Leaders Fund trimmed prominent tech holdings and selectively added to Intuitive Surgical, prioritizing risk mitigation over chasing speculative momentum.
