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.
Palm Valley Capital Fund generated a 1.80% gain in the second quarter of 2026 while maintaining a 75% cash equivalent position. The fund remains staunchly defensive against an unanchored, AI-driven bull market, choosing to forgo uncompensated speculative risks and patiently holding dry powder until legitimate valuation resets emerge.
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Palm Valley Capital Fund generated a 1.80% gain in the second quarter of 2026 while maintaining a 75% cash equivalent position. The fund remains staunchly defensive against an unanchored, AI-driven bull market, choosing to forgo uncompensated speculative risks and patiently holding dry powder until legitimate valuation resets emerge.
