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.
Rowan Street delivered an 11.1% net return in 2025, underperforming the S&P 500, but remains firmly committed to a high-concentration, low-turnover compounding strategy focused on exceptional businesses like Meta, Tesla, and Shopify.
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Rowan Street delivered an 11.1% net return in 2025, underperforming the S&P 500, but remains firmly committed to a high-concentration, low-turnover compounding strategy focused on exceptional businesses like Meta, Tesla, and Shopify.
Star Magnolia Capital emphasizes that long-term investment success is driven by structural distance from market noise and high-conviction partnerships with managers. To preserve analytical focus, they terminated four manager relationships in 2025 while rotating capital away from frothy US valuations toward Asia and Europe.
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Star Magnolia Capital emphasizes that long-term investment success is driven by structural distance from market noise and high-conviction partnerships with managers. To preserve analytical focus, they terminated four manager relationships in 2025 while rotating capital away from frothy US valuations toward Asia and Europe.
