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Hedge Fund Investor Letters

Bill Ackman, Pershing Square, BMW AG, the City, Canary Wharf, London, China, subsidy, Jonathan Ferro,

Pershing Square 2018 Annual Investor Letter

This year started excellent for billionaire Bill Ackman and his activist hedge fund Pershing Square, which gained 31.9% since the beginning of the year......(read more)
Greenlight Capital

Greenlight Capital Q4’18 Investor Letter

Greenlight Capital recently published its Q4 investor letter – you can download a copy below. Greenlight Capital is a hedge fund founded in 1996 by......(read more)
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Laughing Water Capital Q4 Investor Letter

Laughing Water Capital recently released its Q4 investor letter – you can download a copy below. The hedge fund, led by Matthew Sweeney, reported a......(read more)
BAUPOST GROUP Seth Klarman

Baupost Capital 2018 Q4 Investor Letter

If I had shown you an investor letter from a fund manager whose non-micro-cap stock picks underperformed the market by an average of 2 percentage points......(read more)
Covalis Capital's Returns, AUM and Holdings

Wedgewood Partners Q4’18 Investor Letter

Wedgewood Partners, a St. Louis, Missouri-based investment firm, has released its Q4 investor letter – you can download a copy below. The firm’s......(read more)
Bill Miller

Bill Miller Disclosed His Expectations For The Current Year of The Pig in 4Q 2018 Market Letter

Miller Value Funds’ Bill Miller recently delivered his market letter for the fourth quarter of 2018, in which he talked about his market expectations......(read more)
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Lakewood Capital Management Investor Letter: Short Theses on Axon Enterprise (AAXN), AeroVironment (AVAV)

Anthony Bozza‘s Lakewood Capital Management suffered a net loss of 1.2% in Q2, being dragged down by its short positions in particular, including......(read more)
Jay Petschek - Corsair Capital

Corsair Capital Management Investor Letter: Concerns About Trump Tariffs, Tech Valuations

Jay Petschek (pictured below) and Steven Major’s Corsair Capital Management has delivered market-beating returns since its founding over 25 years......(read more)
https://www.coinbase.com/

Kerrisdale Capital Investor Letter: The Bullish Thesis That Lead to 80% Q3 Returns

Sahm Adrangi‘s Kerrisdale Capital was the top performing hedge fund tracked by our database in Q3 according to our returns methodology. The fund......(read more)
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Harbor Spring Capital Investor Letter: Why Activision Blizzard (ATVI), Entercom (ETM) Look Undervalued

Amit Nitin Doshi‘s Harbor Spring Capital has been a strong performer since its mid-2013 inception, with annualized gross returns of 14.5% through......(read more)
Fer Gregory/Shutterstock.com

Trapeze Asset Management Q3 Investor Letter: Bull Market to Keep Roaring; Gold & Oil Undervalued

Trapeze Asset Management, which will undergo a name change to Generation Portfolio Management Corp. on November 30, released its latest quarterly investor......(read more)
Bill Ackman, Pershing Square, BMW AG, the City, Canary Wharf, London, China, subsidy, Jonathan Ferro,

Pershing Square 2018 Q3 Investor Letter: The Latest on Every Bill Ackman Stock Pick

Billionaire Bill Ackman of hedge fund Pershing Square is in the midst of a strong rebound in 2018 as he seeks to put his recent investing woes behind......(read more)
Third Point

Is Paypal Holdings Inc (PYPL) A Good Investment Right Now?

Is Paypal Holdings Inc (NASDAQ:PYPL) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of......(read more)
TIGER GLOBAL Investor Letter

Tiger Global Throws Support Behind Struggling Chinese Stocks

Billionaire Chase Coleman‘s Tiger Global Management is stressing patience when it comes to the $25 billion investment firm’s Chinese stock......(read more)
Howard Marks OAKTREE CAPITAL MANAGEMENT

Maran Capital 2018Q3 Investor Letter: Clarus Corp, Turning Point Brands

Dan Roller’s Maran Capital published its investor letter for the third quarter of 2018. The fund generated net returns of 17.3% through the September......(read more)
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Clearbridge Investments Betting On A Shift From Growth and Momentum

Clearbridge Investments published its third quarter commentary. The prevailing theme of the commentary is that we are on the cusp of a shift from growth......(read more)
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Greenhaven Road Capital Q2 Investor Letter

Greenhaven Road Capital recently released its Q2 investor letter (you can down a copy below). The fund appreciated in excess of 1% for the second quarter......(read more)
AQR CAPITAL MANAGEMENT

Here’s How Cliff Asness Sounds When His Quant Strategies Are Failing

Cliff Asness believes in momentum in stock prices, but does he believe in momentum in investment strategies? His PhD thesis was about momentum in stock......(read more)
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Upslope Capital Goes Long On Molson Coors Brewing Co (NYSE: TAP)

Colorado-based investment firm Upslope Capital Management sees a value in Molson Coors Brewing Co (NYSE: TAP), a Colorado-based brewing firm with a market......(read more)
JD.Com

Here’s Why Wiedower Capital Is Crazy About JD.Com

Texas-based investment firm Wiedower Capital is bullish on JD.Com Inc (ADR) (NASDAQ: JD), which operates the third largest e-commerce portal in China.......(read more)
David Einhorn Greenlight Capital

Here is Why Greenlight Capital Is Down 7.7% in June

Greenlight Capital investors lost 7.7% in June and Greg Zuckerman wrote Greenlight’s obituary in a WSJ article. You don’t have to worry if......(read more)
Greenlight Capital

General Motors (GM), Chemours Co (CC) & More: Was Billionaire David Einhorn Right About These Stocks?

Hedge fund letters to investors are always an interesting and insightful read especially for those that follow hedge funds as part of their investment......(read more)
Jim Roumell

Jim Roumell Is Bullish On These Value Stocks: Should You Go Short Or Long?

Value stocks have been underperforming growth stocks and value investors have been hurting. According to Ken French’s calculations growth stocks......(read more)
Greenlight Capital Investor Letter

Greenlight Capital Investor Letter 2018 Q1

Greenlight Capital‘s 2018 Q1 investor letter is out. Marketwatch, Reuters, CNCB, NY Post, and Financial Times, Bloomberg, Morningstar, Business......(read more)
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Phyto Partners: A Venture Capital Fund Worth Following In The Marijuana Industry

Insider Monkey is in the business of identifying and following smart insiders, hedge fund managers and prominent investors. Our flagship investment strategy......(read more)
Covalis Capital's Returns, AUM and Holdings

Greenhaven Road Capital Q4 Investor Letter

Greenhaven Road Capital recently released its Q4 investor letter (a copy of which can be downloaded below). The hedge fund gained approximately 7% on......(read more)
Bill Ackman Pershing Square

Why Bill Ackman Likes Nike (NKE) and How He Plans to Turn Around His Struggling Fund

From being on top of the investing world in 2014, it’s been a relatively short and hard fall for Bill Ackman‘s Pershing Square, the multi-......(read more)
David Einhorn

Is David Einhorn Right to Stick to Value Investing in 2018?

There are many ways to pick stocks to your portfolio, but two main categories that stocks can be subdivided into are growth stocks and value stocks. Growth......(read more)
Greenlight Capital

Brighthouse Financial Inc (BHF), Twitter Inc (TWTR): Why Billionaire David Einhorn Is Betting on These Stocks

With stock markets at record highs, hedge funds are struggling to keep up. While on average hedge funds underperform the market over the long run, the......(read more)
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BOSTON OMAHA Corp (BOMN), MMA Capital Management LLC (MMAC): How Arquitos Capital Management Made a Killing in 2017

If you are looking for an investor to add to your watchlist in order to identify interesting stocks to invest in, then Arquitos Capital Management should......(read more)
Barry Rosenstein - Jana Partners

Jana Partners 2017 Q4 Investor Letter

In this article we are going to share highlights from Jana Partners’ 2017 Q4 investor letter. JANA Master Fund returned 5.6% net of fees and expenses......(read more)
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Netflix, Inc. (NFLX), General Electric Company (GE): Mott Capital Management’s Top Winners and Losers of 2017

Mott Capital Management is a thematic growth fund that was founded in 2014 by Michael J. Kramer. Mr. Kramer manages a long-only thematic growth portfolio......(read more)
New York Community Bank NYCB

Third Avenue Management Q3 Investor Letter – Value Fund

Third Avenue Management, founded by Martin Whitman, is a New York-based investment fund that employs a deep value investing strategy to pick stocks. For......(read more)
Ghost Tree Capital's AUM, Returns and Holdings

Crescat Capital’s View on the Market According to its Q3 Letter

Although many investors are seeing roses in the future, perhaps due to the combination of anticipated tax cuts and a strong economy, some value investors......(read more)
30 Funniest Science Jokes, Puns, and Humor Quotes Ever

Cambrex Corporation (CBM): 33% Downside Risk According to Lakewood Capital Investor Letter

Analysts remain optimistic that Cambrex Corporation (NYSE:CBM) will enjoy revenue and earnings growth next year despite sales pressure on its leading......(read more)
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Long-Term Alibaba Group Holding Ltd (BABA) Investors Should Read This

Alibaba Group Holding Ltd (NYSE:BABA) shares almost doubled since the US presidential elections. As a long-term Alibaba Group Holding Ltd shareholder......(read more)
Pixabay/Public Domain

Lakewood Capital 2017 Q3 Investor Letter

We look forward to receiving Lakewood Capital’s investor letters every quarter. Anthony Bozza is a skilled short seller and he provides detailed......(read more)
Greenlight Capital

Billionaire David Einhorn Talks “Bubble Shorts” (Tesla, Amazon, Netflix) in Q3 Investor Letter

Billionaire David Einhorn‘s Greenlight Capital has just released its third-quarter investor letter, in which the fund dished out commentary on three......(read more)
Greenlight Capital Investor Letter

Greenlight Capital 2017 Q3 Investor Letter

David Einhorn’s Greenlight Capital published its 2017 Q3 investor letter. You can download a copy of the letter below. “The Greenlight Capital......(read more)
Third Point 2014 Q3 Investor Letter

Dover Corp (DOV), DowDuPont Inc (DWDP) & More: Billionaire Dan Loeb’s Third Point Q3 Letter and Portfolio Updates

As many hedge funds have been struggling to keep up with the market that has been registering record highs what seems like every day, activist investors......(read more)
Oracle ORCL

Trapeze Asset Investor Letter: Sticking With Foot Locker (FL), Bails on Dicks (DKS)

Trapeze Asset Management released its second-quarter investor letter recently, which detailed some of the fund’s moves during the period. With the......(read more)
Ghost Tree Capital's AUM, Returns and Holdings

Motiwala Capital Investor Letter: Why Small Fund Finds These Five Stocks Undervalued

Looking through hedge funds’ letters to investors is a useful window into some processes behind their stock picking. In this article, we are going......(read more)
Dan Loeb THIRD POINT

Alibaba Group Holding Ltd (BABA): Why Billionaire Dan Loeb Loves This Stock Again

Dan Loeb‘s Third Point recently issued its second-quarter letter to investors, in which the fund discussed several of its moves made during the......(read more)
David Einhorn

Netflix, Inc. (NFLX): Key Metrics Are Deteriorating Says Billionaire Einhorn

Netflix, Inc. (NASDAQ:NFLX) remains a major target of billionaire hedge fund manager David Einhorn of Greenlight Capital, who’s been launching verbal......(read more)
35 Entry Level Job Opportunities for Economics Majors

Discover Financial Services (DFS): The Rodney Dangerfield of the Credit Industry

Discover Financial Services (NYSE:DFS) doesn’t get no respect. That’s the message from Burr Capital LLC’s Rahul Ray, who discussed the......(read more)
Tesla Motors Inc (NASDAQ:TSLA), Logo on a Car, Sign, Brand, signage, electric car,

Tesla Motors Inc (TSLA) Not Overvalued ~ Exclusive Look At Mott Capital’s Q2 Investor Letter

It was a solid first-half of 2017 for the markets, despite a lot of doom and gloom analysis suggesting that we are approaching or have already entered......(read more)
Will Tesla Motors Inc (TSLA) CEO make Ford Motor Company (F) CEO Jealous with this Payout?

Tesla Inc (TSLA): Why This Bear Threw In The Towel

While its cars are near-universally praised, Tesla Inc (NASDAQ:TSLA) has plenty of detractors when it comes to its viability as a business model and investment......(read more)
Easiest Lotteries to Win in the World

International Game Technology Ordinary Shares (IGT): Why Double Down Interactive Sale Was a Coup

International Game Technology Ordinary Shares (NYSE:IGT) scored a very favorable deal with the sale of its Double Down Interactive unit according to commentary......(read more)
William Martin Raging Capital Management

TrueCar Inc (TRUE): Will “Poor Earnings Quality” Crash This Stock?

William Martin of Raging Capital Management believes TrueCar Inc (NASDAQ:TRUE) investors should pay attention to objects in their investment’s rear......(read more)
Biggest Film Studios in the World

Lions Gate Entertainment Corp. (USA) (LGF): Why Passive Investing Could Be To Blame For Lagging Stock

Lions Gate Entertainment Corp. (USA) (NYSE:LGF) investors can probably point at least some of the blame for Lions Gate’s lackadaisical stock performance......(read more)