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 Frank Value Fund underperformed tech indices in 2025 but outperformed its value benchmark, with the manager warning of an impending 2022-style correction for expensive mega-caps and emphasizing the fund's superior cash flow yields and aggressive share buybacks.
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The Frank Value Fund underperformed tech indices in 2025 but outperformed its value benchmark, with the manager warning of an impending 2022-style correction for expensive mega-caps and emphasizing the fund's superior cash flow yields and aggressive share buybacks.
Outperforming its value benchmark. Management is adopting a cautious posture due to rising tariff risks and decelerating growth, shifting capital into high-quality and defensive positions.
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Outperforming its value benchmark. Management is adopting a cautious posture due to rising tariff risks and decelerating growth, shifting capital into high-quality and defensive positions.