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.
Signia's concentrated small cap value portfolio returned 27.82% net in H1 2026, outperforming the Russell 2000 Value by 482 basis points. The managers successfully navigated geopolitical oil shocks by trimming energy winners and rotating into compelling turnarounds like Cracker Barrel and Itron. They see a historic market rotation from mega caps to small caps underway, positioning the strategy for continued outperformance.
Full Quick Take
Signia's concentrated small cap value portfolio returned 27.82% net in H1 2026, outperforming the Russell 2000 Value by 482 basis points. The managers successfully navigated geopolitical oil shocks by trimming energy winners and rotating into compelling turnarounds like Cracker Barrel and Itron. They see a historic market rotation from mega caps to small caps underway, positioning the strategy for continued outperformance.
DKAM operates a concentrated small cap Canadian portfolio with 10% cash following strategic exits from GoEasy and Constellation Software. Holdings like Zedcor, Blue Ant, and VitalHub are positioned for record 2026 performance. Small caps trade at 30-year lows versus large caps despite superior growth prospects. Fund expects 63% earnings growth at 9.2x P/E while S&P 500 trades at 21.8x for 14% growth.
Full Quick Take
DKAM operates a concentrated small cap Canadian portfolio with 10% cash following strategic exits from GoEasy and Constellation Software. Holdings like Zedcor, Blue Ant, and VitalHub are positioned for record 2026 performance. Small caps trade at 30-year lows versus large caps despite superior growth prospects. Fund expects 63% earnings growth at 9.2x P/E while S&P 500 trades at 21.8x for 14% growth.
