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.
The Mairs & Power Fund focuses on navigating volatile market cycles by investing in high-quality, durable businesses with strong balance sheets and competitive moats. Despite trailing the S&P 500 YTD due to disciplined valuation guidelines, the fund maintains conviction in long-term compounders and downstream AI beneficiaries while capitalizing on temporary valuation dislocations to establish resilient new holdings.
Full Quick Take
The Mairs & Power Fund focuses on navigating volatile market cycles by investing in high-quality, durable businesses with strong balance sheets and competitive moats. Despite trailing the S&P 500 YTD due to disciplined valuation guidelines, the fund maintains conviction in long-term compounders and downstream AI beneficiaries while capitalizing on temporary valuation dislocations to establish resilient new holdings.
