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.
Ariel Appreciation Fund advanced +5.81% in Q2 2025, outperforming its value benchmark as it navigated tariff concerns and macroeconomic volatility. The manager initiated new positions in Fiserv and Goldman Sachs while exiting Zimmer Biomet and BorgWarner.
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Ariel Appreciation Fund advanced +5.81% in Q2 2025, outperforming its value benchmark as it navigated tariff concerns and macroeconomic volatility. The manager initiated new positions in Fiserv and Goldman Sachs while exiting Zimmer Biomet and BorgWarner.
