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 fund underperformed its benchmark in Q3 2025 due to a narrow AI-led rally and cyclical headwinds in financial infrastructure holdings, but remains up double-digits YTD. Disciplined reallocation led to exits in Wolters Kluwer and Marvell, offset by new entries into Workday and Bank Central Asia.
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The fund underperformed its benchmark in Q3 2025 due to a narrow AI-led rally and cyclical headwinds in financial infrastructure holdings, but remains up double-digits YTD. Disciplined reallocation led to exits in Wolters Kluwer and Marvell, offset by new entries into Workday and Bank Central Asia.
