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.
Mairs & Power Fund emphasizes long-term compounding by investing in high-quality, durable businesses with strong competitive advantages at attractive valuations. Although underperforming the S&P 500 YTD due to a disciplined avoidance of speculative AI hardware, the fund is capitalizing on the AI infrastructure cycle by targeting downstream beneficiaries and underappreciated software companies facing unwarranted displacement fears.
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Mairs & Power Fund emphasizes long-term compounding by investing in high-quality, durable businesses with strong competitive advantages at attractive valuations. Although underperforming the S&P 500 YTD due to a disciplined avoidance of speculative AI hardware, the fund is capitalizing on the AI infrastructure cycle by targeting downstream beneficiaries and underappreciated software companies facing unwarranted displacement fears.
