Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
| Quarter ↕ | Letter Date ↓ | Fund Name ↕ | QTD ↕ | YTD ↕ | SI ↕ | Tickers | Keywords / Themes | Quick Take | Pitches (LONG / SHORT) | Current Positioning | Letter |
|---|---|---|---|---|---|---|---|---|---|---|---|
Q3 2026 | Oct 20, 2026 | -16.8% | +2.6% | +14.2% | Constructive on small/mid-cap growth equities as record earnings and depressed valuations offset yield volatility, reallocating capital toward cybersecurity, software, and healthcare while paring industrials. Full Quick Take Constructive on small/mid-cap growth equities as record earnings and depressed valuations offset yield volatility, reallocating capital toward cybersecurity, software, and healthcare while paring industrials. | - | |||||
Q3 2026 | Oct 20, 2026 | -14.6% | +7.2% | +16.9% | Constructive on small-cap growth amid attractive historical valuations and resilient earnings, reallocating capital from AI hardware and cyclicals into select software and healthcare compounders. Full Quick Take Constructive on small-cap growth amid attractive historical valuations and resilient earnings, reallocating capital from AI hardware and cyclicals into select software and healthcare compounders. | - | |||||
Q3 2026 | Oct 19, 2026 | -0.6% | +2.7% | +7.0% | Constructive on high-yield corporate credit as single-B yields exceed 8%, selectively maintaining direct AI cloud debt exposure in CoreWeave while deploying capital into electricity infrastructure beneficiaries amid severe power grid constraints. Full Quick Take Constructive on high-yield corporate credit as single-B yields exceed 8%, selectively maintaining direct AI cloud debt exposure in CoreWeave while deploying capital into electricity infrastructure beneficiaries amid severe power grid constraints. | - | |||||
Q3 2026 | Oct 19, 2026 | -7.2% | +21.7% | - | Constructive on small- and mid-cap value compounders levered to industrial manufacturing, energy infrastructure, and data center buildouts, capitalizing on yield-driven market volatility to re-establish high-upside positions like $MEC. Full Quick Take Constructive on small- and mid-cap value compounders levered to industrial manufacturing, energy infrastructure, and data center buildouts, capitalizing on yield-driven market volatility to re-establish high-upside positions like $MEC. | - | |||||
Q3 2026 | Oct 19, 2026 | -7.8% | +6.6% | +8.4% | Positioned defensively in high-quality, cash-generative small-cap leaders with resilient balance sheets, initiating long positions in enterprise AI and regional banking while divesting fully valued cyclical positions amid rising interest rates. Full Quick Take Positioned defensively in high-quality, cash-generative small-cap leaders with resilient balance sheets, initiating long positions in enterprise AI and regional banking while divesting fully valued cyclical positions amid rising interest rates. | - | |||||
Q3 2026 | Oct 14, 2026 | - | - | - | Focus Wealth Management preserved and grew client capital in Q3 2026 by fading narrow mega-cap AI momentum, deploying into beaten-down blue chips like McDonald's at 19x earnings, and monetizing Jamieson Wellness via a 37% premium cash buyout. Full Quick Take Focus Wealth Management preserved and grew client capital in Q3 2026 by fading narrow mega-cap AI momentum, deploying into beaten-down blue chips like McDonald's at 19x earnings, and monetizing Jamieson Wellness via a 37% premium cash buyout. | ||||||
Q3 2026 | Oct 14, 2026 | -1.4% | +14.4% | +14.0% | Underperforming the Russell 1000 Value Index's 2.61%, driven by pullbacks in semiconductor and healthcare holdings, while initiating new long positions in Meta Platforms and The Williams Companies. Full Quick Take Underperforming the Russell 1000 Value Index's 2.61%, driven by pullbacks in semiconductor and healthcare holdings, while initiating new long positions in Meta Platforms and The Williams Companies. | ||||||
Q3 2026 | Oct 14, 2026 | +2.5% | +5.1% | +11.8% | Driven by strong operational results across mega-cap holdings Meta, Microsoft, Apple, and Amazon, while selectively initiating TJX Companies and trimming top performers. Full Quick Take Driven by strong operational results across mega-cap holdings Meta, Microsoft, Apple, and Amazon, while selectively initiating TJX Companies and trimming top performers. | ||||||
Q3 2026 | Oct 13, 2026 | +5.4% | - | +7.4% | Driven by strong gains in AI test enablers and semiconductor manufacturing, while redeploying capital from interest-rate-sensitive exits into discounted quality compounders. Full Quick Take Driven by strong gains in AI test enablers and semiconductor manufacturing, while redeploying capital from interest-rate-sensitive exits into discounted quality compounders. | ||||||
Q3 2026 | Oct 13, 2026 | - | - | - | - | - | |||||
Q3 2026 | Oct 12, 2026 | - | - | +9.6% | FMI All Cap Equity maintained a disciplined value posture in Q3 2026, navigating heightened crowd complacency and rising 10-year yields by expanding positions in misunderstood compounders like Jack Henry, CDW, and RELX. Full Quick Take FMI All Cap Equity maintained a disciplined value posture in Q3 2026, navigating heightened crowd complacency and rising 10-year yields by expanding positions in misunderstood compounders like Jack Henry, CDW, and RELX. | ||||||
Q3 2026 | Oct 12, 2026 | - | - | - | INN8 Invest reported resilient global equities led by mega-cap technology alongside a severe sovereign bond sell-off in Q3 2026, as 10-year Treasury yields surged above 5.29% and central banks pivoted toward renewed monetary tightening. Full Quick Take INN8 Invest reported resilient global equities led by mega-cap technology alongside a severe sovereign bond sell-off in Q3 2026, as 10-year Treasury yields surged above 5.29% and central banks pivoted toward renewed monetary tightening. | ||||||
Q3 2026 | Oct 12, 2026 | +5.6% | +25.8% | +10.1% | - | Despite macroeconomic headwinds from rising oil prices and a spike in US Treasury yields to 5.28%, the portfolio maintains exceptional fundamentals, trading at 7.7x trailing earnings with a 6.4% dividend yield. Full Quick Take Despite macroeconomic headwinds from rising oil prices and a spike in US Treasury yields to 5.28%, the portfolio maintains exceptional fundamentals, trading at 7.7x trailing earnings with a 6.4% dividend yield. | - | ||||
Q3 2026 | Oct 9, 2026 | - | - | - | - | Brighton Jones maintained a balanced multi-asset allocation in Q3 2026, weathering a bond market repricing driven by a surge in 10-year Treasury yields to 5.29%, while keeping exposure diversified across maturities and floating-rate debt. Full Quick Take Brighton Jones maintained a balanced multi-asset allocation in Q3 2026, weathering a bond market repricing driven by a surge in 10-year Treasury yields to 5.29%, while keeping exposure diversified across maturities and floating-rate debt. | - | ||||
Q3 2026 | Oct 8, 2026 | - | - | - | - | Private Capital Management maintains a constructive multi-asset stance amid mixed Q3 equity index returns, highlighting compelling real Treasury yields and normalized technology valuations while advising patience through mid-term election volatility. Full Quick Take Private Capital Management maintains a constructive multi-asset stance amid mixed Q3 equity index returns, highlighting compelling real Treasury yields and normalized technology valuations while advising patience through mid-term election volatility. | - | ||||
Q3 2026 | Oct 8, 2026 | - | - | - | - | The administration's fiscal stabilization agenda has failed as Treasury yields surge, AI debt crowds out sovereign bonds, and oil shocks reignite inflation. Full Quick Take The administration's fiscal stabilization agenda has failed as Treasury yields surge, AI debt crowds out sovereign bonds, and oil shocks reignite inflation. | - | ||||
Q3 2026 | Oct 8, 2026 | - | - | - | - | The end of zero interest rates has fundamentally repriced capital, driving government and corporate bond yields to multi-year highs across major economies. Full Quick Take The end of zero interest rates has fundamentally repriced capital, driving government and corporate bond yields to multi-year highs across major economies. | - | ||||
Q3 2026 | Oct 7, 2026 | - | - | - | - | Equity markets remain fundamentally supported by improving corporate earnings despite elevated interest rates and sticky inflation. Full Quick Take Equity markets remain fundamentally supported by improving corporate earnings despite elevated interest rates and sticky inflation. | - | ||||
Q3 2026 | Oct 6, 2026 | - | - | - | - | The firm views recent quarter-point rate hikes and elevated 5.3% Treasury yields as standard cyclical normalization rather than a mandate for portfolio overhaul. Full Quick Take The firm views recent quarter-point rate hikes and elevated 5.3% Treasury yields as standard cyclical normalization rather than a mandate for portfolio overhaul. | - | ||||
Q3 2026 | Oct 5, 2026 | - | - | - | - | Bianco Research has turned bullish on fixed income for the first time in six years, elevating portfolio duration to 105% of benchmark. Full Quick Take Bianco Research has turned bullish on fixed income for the first time in six years, elevating portfolio duration to 105% of benchmark. | - | ||||
Q3 2026 | Oct 5, 2026 | - | +5.2% | +3.3% | - | Convexity trend-following strategies drove monthly gains by shorting fixed income and being long the US dollar amid surging sovereign yields and Middle Eastern geopolitical tensions, while the equity long/short sleeve remained flat. Full Quick Take Convexity trend-following strategies drove monthly gains by shorting fixed income and being long the US dollar amid surging sovereign yields and Middle Eastern geopolitical tensions, while the equity long/short sleeve remained flat. | - | ||||
Q3 2026 | Oct 5, 2026 | -12.7% | -26.2% | - | Viewing the sharp valuation compression as disconnected from resilient business fundamentals, the fund raised gross leverage to 106% and selectively added to core holdings. Full Quick Take Viewing the sharp valuation compression as disconnected from resilient business fundamentals, the fund raised gross leverage to 106% and selectively added to core holdings. | ||||||
Q3 2026 | Oct 1, 2026 | - | - | - | Underlying economic growth and near-30% trailing corporate earnings expansion continue to absorb macroeconomic headwinds from higher bond yields and volatile energy markets. Full Quick Take Underlying economic growth and near-30% trailing corporate earnings expansion continue to absorb macroeconomic headwinds from higher bond yields and volatile energy markets. | - | - | ||||
Q2 2026 | Jul 10, 2026 | +0.7% | -0.8% | +5.7% | - | Robinson Opportunistic Income Fund identified an arbitrage opportunity in private credit CEFs trading at discounts comparable to the Great Financial Crisis and moved to overweight despite near-term underperformance. Full Quick Take Robinson Opportunistic Income Fund identified an arbitrage opportunity in private credit CEFs trading at discounts comparable to the Great Financial Crisis and moved to overweight despite near-term underperformance. | - |
Q3 2026