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.
Merchant West emphasizes that long-term outperformance relies on intellectual humility, taking advantage of boutique nimbleness on the illiquid JSE, and focusing strictly on specialized secular winners in US MedTech and diversified European energy.
Full Quick Take
Merchant West emphasizes that long-term outperformance relies on intellectual humility, taking advantage of boutique nimbleness on the illiquid JSE, and focusing strictly on specialized secular winners in US MedTech and diversified European energy.
Driven by stellar gains in Alphabet, Progressive, and American Express. Despite short-term housing market volatility weighing on holdings like Dream Finders Homes, the fund remains fully invested in 20 high-quality companies positioned to compound value over multi-year horizons.
Full Quick Take
Driven by stellar gains in Alphabet, Progressive, and American Express. Despite short-term housing market volatility weighing on holdings like Dream Finders Homes, the fund remains fully invested in 20 high-quality companies positioned to compound value over multi-year horizons.