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 Frank Value Fund underperformed tech indices in 2025 but outperformed its value benchmark, with the manager warning of an impending 2022-style correction for expensive mega-caps and emphasizing the fund's superior cash flow yields and aggressive share buybacks.
Full Quick Take
The Frank Value Fund underperformed tech indices in 2025 but outperformed its value benchmark, with the manager warning of an impending 2022-style correction for expensive mega-caps and emphasizing the fund's superior cash flow yields and aggressive share buybacks.
Torre Financial consolidated accounts posted an 8.5% return in 2025, underperforming the S&P 500. The fund rotated out of legacy compounders facing increased competitive pressure and focused resources on core secular growth themes like AI and healthcare pipelines.
Full Quick Take
Torre Financial consolidated accounts posted an 8.5% return in 2025, underperforming the S&P 500. The fund rotated out of legacy compounders facing increased competitive pressure and focused resources on core secular growth themes like AI and healthcare pipelines.
Anchor Capital maintains a constructive but highly selective stance on U.S. equities and international markets. The firm emphasizes that earnings durability, free cash flow, and strong balance sheets will drive returns as global growth diverges and fiscal pressures rise, prioritizing active multi-asset diversification over broad market exposure.
Full Quick Take
Anchor Capital maintains a constructive but highly selective stance on U.S. equities and international markets. The firm emphasizes that earnings durability, free cash flow, and strong balance sheets will drive returns as global growth diverges and fiscal pressures rise, prioritizing active multi-asset diversification over broad market exposure.
Wealthspire maintains that a balanced, globally diversified approach is superior to chasing concentrated equity themes like artificial intelligence. Supported by cooling inflation, a supportive Federal Reserve policy pivot, and attractive international valuations, diversified portfolios are positioned to navigate potential geopolitical, electoral, and valuation headwinds as the economy heads into 2026.
Full Quick Take
Wealthspire maintains that a balanced, globally diversified approach is superior to chasing concentrated equity themes like artificial intelligence. Supported by cooling inflation, a supportive Federal Reserve policy pivot, and attractive international valuations, diversified portfolios are positioned to navigate potential geopolitical, electoral, and valuation headwinds as the economy heads into 2026.
African Lions Fund returned 13.90% in Q1 2026 despite Iran war volatility, outperforming global markets through defensive positioning in telecoms and consumer staples. The manager reduced exposure to fuel-importing economies while raising cash to 6.5% for opportunistic deployment. Long-term demographic growth thesis across sub-Saharan Africa remains intact despite near-term geopolitical headwinds.
Full Quick Take
African Lions Fund returned 13.90% in Q1 2026 despite Iran war volatility, outperforming global markets through defensive positioning in telecoms and consumer staples. The manager reduced exposure to fuel-importing economies while raising cash to 6.5% for opportunistic deployment. Long-term demographic growth thesis across sub-Saharan Africa remains intact despite near-term geopolitical headwinds.
