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.
Berman Capital Group returned 5.31% in Q1 2026, driven by energy longs like Tidewater, Vista Energy, and Borr Drilling. The fund temporarily de-grossed in March due to extreme geopolitical uncertainty from the Iran war. As macro visibility improves, the manager is carefully raising risk, rebuilding its Nexa Resources position, and preparing for sustained high oil prices.
Full Quick Take
Berman Capital Group returned 5.31% in Q1 2026, driven by energy longs like Tidewater, Vista Energy, and Borr Drilling. The fund temporarily de-grossed in March due to extreme geopolitical uncertainty from the Iran war. As macro visibility improves, the manager is carefully raising risk, rebuilding its Nexa Resources position, and preparing for sustained high oil prices.
Umatiya Investment Group prioritizes long-term compounding over short-term results, achieving a 4.73% net return in Q1 2026. Facing elevated valuations and a severe global energy supply shock, the manager has raised cash to 20% and restricted consumer exposure. The fund maintains a disciplined, price-sensitive stance, recently exiting Shift4 Payments while avoiding richly priced AI hype.
Full Quick Take
Umatiya Investment Group prioritizes long-term compounding over short-term results, achieving a 4.73% net return in Q1 2026. Facing elevated valuations and a severe global energy supply shock, the manager has raised cash to 20% and restricted consumer exposure. The fund maintains a disciplined, price-sensitive stance, recently exiting Shift4 Payments while avoiding richly priced AI hype.
