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.
The Bell Global Equities Fund experienced style-driven underperformance in December 2025 as speculative sectors outpaced Quality. However, the manager is constructive on 2026, actively recycling capital into highly cash-generative opportunities like W.W. Grainger and LPL Financial.
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The Bell Global Equities Fund experienced style-driven underperformance in December 2025 as speculative sectors outpaced Quality. However, the manager is constructive on 2026, actively recycling capital into highly cash-generative opportunities like W.W. Grainger and LPL Financial.
Polen Focus Growth underperformed in Q3 2025 due to style headwinds against quality compounders, prompting a strategic pivot to initiate positions in high-conviction AI infrastructure leaders NVIDIA and Broadcom.
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Polen Focus Growth underperformed in Q3 2025 due to style headwinds against quality compounders, prompting a strategic pivot to initiate positions in high-conviction AI infrastructure leaders NVIDIA and Broadcom.
The London Company Large Cap portfolio returned 6.2% net in Q3 2025, lagging the Russell 1000's 8.0% return due to headwinds facing quality-oriented factors. Despite high valuations and market speculation, the manager remains committed to its defensive, quality-first approach, exiting BRKR and initiating EQH.
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The London Company Large Cap portfolio returned 6.2% net in Q3 2025, lagging the Russell 1000's 8.0% return due to headwinds facing quality-oriented factors. Despite high valuations and market speculation, the manager remains committed to its defensive, quality-first approach, exiting BRKR and initiating EQH.
Speculative, low-quality, and unprofitable stocks led benchmark indices higher in 2Q25, causing relative underperformance for Conestoga's highly disciplined, quality-focused growth strategies.
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Speculative, low-quality, and unprofitable stocks led benchmark indices higher in 2Q25, causing relative underperformance for Conestoga's highly disciplined, quality-focused growth strategies.
