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.
Sigil defensively de-risked 40% of its portfolio to cash in Q4, exiting all BTC and ETH exposure to navigate macroeconomic uncertainties, token supply overhangs, and the collapse of Digital Asset Treasury premiums.
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Sigil defensively de-risked 40% of its portfolio to cash in Q4, exiting all BTC and ETH exposure to navigate macroeconomic uncertainties, token supply overhangs, and the collapse of Digital Asset Treasury premiums.
Pantera is wrapping up its new Fund V first close amid a massive regulatory turning point, highlighted by its highly profitable, structural Solana plays and the launch of the first Solana Digital Asset Treasury (HSDT).
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Pantera is wrapping up its new Fund V first close amid a massive regulatory turning point, highlighted by its highly profitable, structural Solana plays and the launch of the first Solana Digital Asset Treasury (HSDT).
Leaven Partners posted a strong 11.0% return in Q3 2025, driven by an 87% gain on Japanese shoe wholesaler Toho Lamac. The manager remains highly constructive on cheap, reforming Japanese small-caps while warning of valuation risks in US equities.
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Leaven Partners posted a strong 11.0% return in Q3 2025, driven by an 87% gain on Japanese shoe wholesaler Toho Lamac. The manager remains highly constructive on cheap, reforming Japanese small-caps while warning of valuation risks in US equities.
