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.
Orbis International Equity established notable positions in United Integrated Services and Experian, taking advantage of short-sighted market sorting around artificial intelligence.
Full Quick Take
Orbis International Equity established notable positions in United Integrated Services and Experian, taking advantage of short-sighted market sorting around artificial intelligence.
Capped off a solid 35.5% return for the year, and has tactically trimmed equity risk while initiating a deep-value semiconductor equipment play in Metasurface Technologies.
Full Quick Take
Capped off a solid 35.5% return for the year, and has tactically trimmed equity risk while initiating a deep-value semiconductor equipment play in Metasurface Technologies.
The Polen International Growth Portfolio underperformed in Q3 2025 due to a market shift toward high-beta names, prompting the managers to capitalize on volatility by initiating structural tech positions in Disco, ASM International, and Tencent.
Full Quick Take
The Polen International Growth Portfolio underperformed in Q3 2025 due to a market shift toward high-beta names, prompting the managers to capitalize on volatility by initiating structural tech positions in Disco, ASM International, and Tencent.