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.
PM Capital delivers strong quarterly outperformance driven by structural tailwinds in commodities and European banking, while actively rotating into high-moat industrials and healthcare.
Full Quick Take
PM Capital delivers strong quarterly outperformance driven by structural tailwinds in commodities and European banking, while actively rotating into high-moat industrials and healthcare.
PM Capital closed out a stellar 2025 by leveraging commodity surges and European bank re-ratings, actively recycling capital from fully-valued names like Fox and Woodside into new opportunities like Union Pacific and Siemens Healthineers.
Full Quick Take
PM Capital closed out a stellar 2025 by leveraging commodity surges and European bank re-ratings, actively recycling capital from fully-valued names like Fox and Woodside into new opportunities like Union Pacific and Siemens Healthineers.