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.
O'Keefe Stevens harvested AI infrastructure gains established pre-boom, trimming NVIDIA, Qualcomm, and Corning as valuations exceeded thesis. Initiated Sotera Health, a sterilization duopoly with 50% margins trading at litigation-depressed valuations with 50% upside. Cash remains largest holding for third quarter as deployment opportunities stay scarce. Hedged concentrated positions with options while watching software sector for violent rotation opportunity if AI funding dynamic reverses.
Full Quick Take
O'Keefe Stevens harvested AI infrastructure gains established pre-boom, trimming NVIDIA, Qualcomm, and Corning as valuations exceeded thesis. Initiated Sotera Health, a sterilization duopoly with 50% margins trading at litigation-depressed valuations with 50% upside. Cash remains largest holding for third quarter as deployment opportunities stay scarce. Hedged concentrated positions with options while watching software sector for violent rotation opportunity if AI funding dynamic reverses.
