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.
Reaves delivered strong outperformance in the second quarter of 2026 as market leadership broadened toward physical infrastructure enabling artificial intelligence. Expanding electricity demand and hyperscaler capital expenditures provide robust multi-year tailwinds for power generation, grid engineering, and optical communications, outweighing transient geopolitical volatility and commodity price swings across core holdings.
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Reaves delivered strong outperformance in the second quarter of 2026 as market leadership broadened toward physical infrastructure enabling artificial intelligence. Expanding electricity demand and hyperscaler capital expenditures provide robust multi-year tailwinds for power generation, grid engineering, and optical communications, outweighing transient geopolitical volatility and commodity price swings across core holdings.
Tall Oak Capital delivered robust 2025 returns and is positioning portfolios to benefit from a structural shift toward a multipolar, re-shored global economy by emphasizing automation and transition materials.
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Tall Oak Capital delivered robust 2025 returns and is positioning portfolios to benefit from a structural shift toward a multipolar, re-shored global economy by emphasizing automation and transition materials.
The Madison Sustainable Equity fund returned 7.09% in Q3, underperforming the S&P 500's 8.12% as strength in AI infrastructure holdings was offset by pullbacks in secular consumer and semiconductor names. The managers eliminated Adobe due to competition but remain highly committed to their core quality-first, bottom-up approach.
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The Madison Sustainable Equity fund returned 7.09% in Q3, underperforming the S&P 500's 8.12% as strength in AI infrastructure holdings was offset by pullbacks in secular consumer and semiconductor names. The managers eliminated Adobe due to competition but remain highly committed to their core quality-first, bottom-up approach.
The American Century Emerging Markets Fund achieved strong outperformance in Q3 2025, buoyed by the global AI infrastructure buildout and a recovery in Chinese markets. Management remains constructive on EM relative to developed markets, prioritizing companies with strong financials and attractive valuations.
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The American Century Emerging Markets Fund achieved strong outperformance in Q3 2025, buoyed by the global AI infrastructure buildout and a recovery in Chinese markets. Management remains constructive on EM relative to developed markets, prioritizing companies with strong financials and attractive valuations.
