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.
Ithaka's concentrated growth strategy lagged in Q1 2026 amid geopolitical shocks and AI infrastructure uncertainty. Strong aerospace performance from Howmet offset technology weakness driven by AI disruption fears. The firm maintains conviction in high-quality growth companies with durable advantages, including surgical robotics leader Intuitive Surgical addressing vast addressable markets.
Full Quick Take
Ithaka's concentrated growth strategy lagged in Q1 2026 amid geopolitical shocks and AI infrastructure uncertainty. Strong aerospace performance from Howmet offset technology weakness driven by AI disruption fears. The firm maintains conviction in high-quality growth companies with durable advantages, including surgical robotics leader Intuitive Surgical addressing vast addressable markets.
Artisan Global Discovery underperformed in Q1 2025 as markets rotated from growth to value amid trade policy uncertainty and AI infrastructure concerns. Defense spending beneficiary Babcock and biotech Ascendis led contributors while AI-exposed names like MACOM detracted. The team is using volatility to upgrade into resilient franchises with recession-resistant demand and company-specific catalysts.
Full Quick Take
Artisan Global Discovery underperformed in Q1 2025 as markets rotated from growth to value amid trade policy uncertainty and AI infrastructure concerns. Defense spending beneficiary Babcock and biotech Ascendis led contributors while AI-exposed names like MACOM detracted. The team is using volatility to upgrade into resilient franchises with recession-resistant demand and company-specific catalysts.
