We will be sharing Q1 2021 hedge fund investor letters in this article.
Letters and Updates
- Headwaters Capital ($AFG, $TREE)
- Del Principe O’Brien Financial Advisors ($AVGO, $DISCA, $BIIB)
- Palm Valley Capital ($SSRM, $CRI, $PTVCB, $CRD.B, $PSLV, $SCHL)
- East 72 ($VHI)
- Vltava Fund ($BRK.A, $UNP)
- Merion Road Capital Management ($TUEM, $RCKY, $FNF)
- Alphyn Capital Management ($CFX, $TREB, $OCAB, $LBRDA, $KKR)
- Richie Capital Group ($NXST, $FREE, $VMD, $MSCI, $MKTX, $SEDG)
- Oakmark Global Select Fund ($CS, $DMLRY)
- Oakmark Global Fund ($GD, $SAP, $RYCEY)
- Oakmark Equity and Income Fund ($CRM, $HUM, $FISV, $FB)
- Oakmark Select Fund ($TEL, $FCNCA)
- Oakmark Fund ($PH, $APTV, $COP, $MO)
- Wedgewood Partners ($EW, $AAPL, $EA, $V, $CPRT, $GOOG, $TSCO, $CDW, $MSI, $BKNG, $ODFL, $SBUX)
- Argosy Investors ($KAR, $GO, $RRTS, $DFH, $RGLD)
- Fiduciary Management’s All Cap Equity ($MAS, $MU)
- Fiduciary Management’s International Equity ($LYG, $FMS, $SLB, $ACN)
- Fiduciary Management’s Small Cap Equity ($NSIT, $FLS)
- NZS Capital ($BLL, $VIAC)
- Stewart Asset Management ($AAPL, $MTCH)
- Massif Capital ($LAC, $EQX, $CHPT)
- Greenlight Capital ($GRBK)
- Alger Mid Cap Focus Fund ($PLAN, $CHPT, $EH, $MGNI, $DKNG, $MSTR)
- Upslope Capital Management ($FCN, $EVR)
- Alger Small Cap Focus Fund ($AVLR, $BIGC, $BLI, $TECH, $CYRX, $SHAK)
- Alger Spectra Fund ($GOOG, $MSFT, $NXPI, $SSYS, $AAPL, $AMZN, $QCOM, $INTC)
- Longleaf Partners Fund ($LUMN, $AMG, $CNX, $GE, $MGM, $CNHI, $FRFHF)
- Alger Weatherbie Specialized Growth Fund ($PCTY, $NVRO, $ACAD, $SBNY, $UPST)
- RiverPark Large Growth Fund ($SCHW, $BKNG, $UNH, $SQ, $Z, $SNOW, $FTCH)
- Ensemble Capital ($ISRG, $MASI, $SCHW, $COST, $HD, $FAST, $FRC, $GOOG, $RACE)
- Summers Value Partners ($ELMD, $EGRX, $NOTV)
- Giverny Capital ($PGR, $TJX)
- Baron Asset Fund ($IT, $TECH, $TRIP, $SCHW, $CDW, $GWRE, $CDAY, $VRSK, $RNG, $CSGP, $EPAM)
- First Eagle Investment Management ($CL, $SLB, $ORCL, $TDC, $DE, $XOM)
- Longleaf Partners Global Fund ($DD)
- Longleaf Partners International Fund ($FRFHF, $BIDU)
- Longleaf Partners Small-Cap Fund ($FWONK, $PCH, $MAT, $RLGY, $ESRT)
- Cooper Investors Global Equities Fund (Hedged) ($APG, $ATVI, $CME, $CERN)
- 1 Main Capital ($GOOG, $KKR, $LMB, $RICK, $LGIH, $W)
- Laughing Water Capital ($PAR, $ITI, $RMNI)
- Arquitos Capital ($MMAC, $NTP)
- Greystone Capital Management ($PW, $SHSP, $HIL, $THRY, $RMNI, $PLBY)
- White Brook Capital ($FSLR, $ITRI, $DISCA, $BRMK, $ALK, $YEXT, $CNDT)
- Madison Dividend Income Fund ($NUE)
- Baron Discovery Fund ($ICHR, $MEG, $DSP, $AFIB, $EVBG, $KNSL, $SILK, $PING, $TRIP, $SAIL, $QLYS)
- Madison Investors Fund ($FISV)
- Madison Small Cap Fund ($HYFM, $AWI, $SUM, $HAIN)
- Andvari Associates ($CSGP)
- Old West Investment Management ($RFL, $IDT)
- Baron Health Care Fund ($PACB, $UNH, $CYRX, $BEAM, $DNLI, $BHVN, $ARWR, $BBIO, $ICLR)
- Tao Value ($FUTU, $PDD, $YY, $TAL)
- Steel City Capital ($NWSA, $SIGA, $ATEX, $LSYN, $TRUP, $WDFC)
- Greenhaven Road Capital ($PAR, $ESTC, $KKR, $RICK, $APPS, $TWTR)
- Maran Capital Management ($FREE, $TPB, $PCYO, $CLAR, $AOUT)
- Baron Opportunity Fund ($SPLK, $OPEN, $WDAY, $ARWR, $QS, $GOOG, $MSFT, $NOW)
- Alluvial Capital Management ($MMAC, $WHLR, $NUVR, CRAWA, $PIOE)
- Silver Ring Value Partners ($SFM, $DISCK, $CTHR)
- Palm Capital ($ADBE, $NOW)
- Carillon Eagle Mid Cap Growth Fund ($COHR, $LPLA, $URI, $HZNP, $PINS, $RNG, $PTON, $CRWD, $SPLK)
- Carillon Eagle Small Cap Growth Fund ($RSI, $RBA, $EVBG, $FOLD, $PEGA, $ENTG, $GTLS, $LSTR, $SUM, $HZO)
- Spree Capital Advisers ($ICE, $CARS)
- Bernzott Capital Advisors ($QUOT, $INOV, $HI, $TREE, $VRNT, $UPLD, $ORBC, $EPAY, $CRNC, $SPSC, $CGNT, $JIH)
- Tweedy Browne Global Value Fund ($PGR)
- Artisan Mid Cap Fund ($SIVB, $IRTC, $ASND, $PTON, $W, $GNRC, $NDAQ, $YETI, $TRU, $INFO, $VRSK, $SRPT, $DDOG, $LYFT, $GMAB, $PAGS)
- L1 Capital International Fund ($NSIT, $GOOG, $LPX, $EXP)
- Bonhoeffer Capital Management ($CNSL, $KT)
- Gator Capital Management ($RY, $CS)
- Harding Loevner Global Equity Fund ($DE, $XOM, $PRLB)
- Third Point Management ($UPST, $CSGP)
- Harding Loevner Emerging Markets Equity Fund ($CIB)
- Nelson Capital Management ($CVX, $XYL, $SRCL, $DNMR, $T, $CMCSA)
- Distillate Capital ($FB, $AAPL)
- Wasatch Core Growth Fund ($PLNT, $ALGT, $FIVN, $GWRE, $CYBR, $OZK, $LGND, $ENSG)
- Wasatch Micro Cap Fund ($PNTG, $SILK, $FREQ, $BOOT, $TRNS)
- Wasatch Micro Cap Value Fund ($SKY, $VREOF, $MX, $NLS, $ASPU, $STRL, $ROAD, $CFB)
- Wasatch Small Cap Growth Fund ($LGIH)
- Wasatch Small Cap Value Fund ($MGY, $LOPE)
- Third Avenue Real Estate Value Fund ($UHAL, $PLD, $JBGS, $CBRE, $BAM, $LEN)
- Arisaig Partners ($JD)
- Third Avenue Small-Cap Value Fund ($ALCO, $CFR, $BSIG)
- Wasatch Ultra Growth Fund ($SGMO)
- Baron Growth Fund ($BFAM, $PRI, $TECH, $ACVA, $SDGR, $PENN, $VAC, $MSCI, $ANSS, $MTN)
- Baron Partners Fund ($IDXX, $Z, $ACGL, $H, $TSLA)
- Baron Real Estate Fund ($FWAA, $INVH, $ELS)
- Heartland Mid Cap Value Fund ($UHAL, $RGA, $PSB, $POST)
- Heartland Value Fund ($NFG, $CCBG)
- Heartland Value Plus Fund ($MEI, $PAHC)
- Polen Focus Growth ($REGN, $DG, $NFLX, $CRM, $AMZN)
- Polen Global Growth ($ADBE, $ADSK, $MSFT, $ABT, $GOOG, $ADDYY, $BABA)
- Polen International Growth ($TME, $AON, $EDU, $CHKP, $SAP)
- Horos Asset Management ($BPY, $AER, $BIDU, $STKS, $PW)
- Baron Small Cap Fund ($FVRR, $SHLS, $ETWO, $DRVN, $ARRY, $TTD, $MRCY, $ASGN, $IBP, $CAKE)
- Baron FinTech Fund ($DAVA, $BLK, $TRU, $RKT, $MELI, $GDYN, $SPGI, $EPAM)
- Kinsman Oak Equity Fund ($GLD, $BWXT)
- Artisan International Value Fund ($ING, $FMS, $SLB)
- Artisan Small Cap Fund ($VMI, $ARRY, $CASY, $GKOS, $OLLI, $BL, $NEO, $CFX, $BWXT, $TDY, $WING, $WMS, $JBT)
- Cedar Creek Partners ($SODI, $PCOA)
- Hayden Capital ($AMZN)
- Rhizome Partners ($DD, $CTVA, $IFF, $HQI, $INDT, $HHC, $GME)
- Miller Value Partners Income Fund ($PBI, $CHS, $VTRS, $GEO)
- Vulcan Value Partners ($HLT, $CVS, $NVDA, $W, $SAP, $KKR, $GE, $TPX, $COHR, $UPST, $CG)
- Polen U.S. Small Company Growth ($ALRM, $MBUU, $WDFC, $FOXF, $RVLV, $BL, $GSHD, $APPF, $DCT, $PGNY)
- RGA Investment Advisors ($TWTR)
- Weitz Investment Management Hickory Fund ($AZO, $SUM, $KMX)
- Weitz Investment Management Value Fund ($DEO)
- Diamond Hill Small Cap Fund ($FIBK, $GRBK, $CRI, $PRG, $RRR, $STL, $OZK)
- Weitz Investment Management Partner III Opportunity Fund ($DNB)
- Weitz Investment Management Partners Value Fund ($ACIW, $ORCL)
- Miller Value Partners Opportunity Equity ($QUOT, $DISCA, $BHC, $PGEN, $FTCH, $GNW, $RKT, $VNT, $KRTX)
- Bonsai Partners ($LKQ, $MU, $ILMN, $TSM)
- Draco Global ($LGIH, $MHH, $SEIC)
- Canterbury Tollgate ($BH)
- Polen U.S. SMID Company Growth Composite Fund ($PAYC, $ETSY, $RH, $GNRC, $MEDP, $AZPN, $TYL, $TTD, $POOL, $TREE)
- Appleseed Fund ($SFM, $MOS, $COHR)
- Choice Equities Capital Management ($FARM, $BNED, $HOME)
- LRT Capital Management ($WSO, $CLX, $CHD, $NVO, $DPZ, $AOS, $HLT, $MAR, $SCL, $TGT, $TFII)
- Artisan Global Discovery Fund ($ZM, $FRC, $BURL, $CGNX)
- Ariel Investments ($AXTA, $ORCL, $MSGE, $VIAC, $SNA)
- Artisan Value Fund ($MRK, $EA, $BKNG, $EOG, $GS, $GOOG, $FDX)
- Harding Loevner International Equity Fund ($CHKP, $BHP)
- Long Cast Advisers ($SIFY, $DAIO, $SANW)
- Polen Global Emerging Markets Growth ($YNDX, $BABA, $TME)
- SaltLight Capital ($NVDA)
- ClearBridge Investments Value Equity Strategy ($SBNY, $LUV)
- ClearBridge Investments SMID Cap Growth Strategy ($BMRN, $APG, $MIME, $CLDR, $HLI)
- ClearBridge Investments Mid Cap Growth Strategy ($FIVN, $HUBS, $XM, $COMP, $TFX, $TDOC, $LYFT, $WOOF, $BMBL)
- ClearBridge Investments Mid Cap Strategy ($REZI, $RBC, $EXPE, $CCL, $MRVL, $WWE)
- Curreen Capital ($AOUT, $CNDT, $CACC, $KTB)
- ClearBridge Investments Sustainability Leaders Strategy ($BAC, $LRCX, $SCHW, $MLHR, $ARRY, $BLL, $CRM, $CSCO, $SHLS, $OC, $TREX)
- ClearBridge Investments Select Strategy ($PFGC, $BJ, $V, $MSM, $SPLK, $WDAY, $MTCH, $DGNR)
- ClearBridge Investments Small Cap Growth Strategy ($SVMK, $DSP, $HAYW, $SEMR, $POSH)
- ClearBridge Investments Large Cap Value Strategy ($EPD, $KDP, $PFE, $CVS, $DE, $CVX, $COP, $COF, $BKNG, $TJX, $NXPI, $SRE, $AAPL, $MSFT, $CHTR, $TMUS, $TEL, $UPS, $HON)
- ClearBridge Investments Large Cap Growth Strategy ($TEAM, $SE, $FB, $MSFT, $NXPI, $ASML, $TXN, $QCOM, $TSCO, $COST, $ALXN)
- Mittleman Brothers ($AMC, $VTRS)
- ClearBridge Investments All Cap Growth Strategy ($DOCU, $SE, $COST, $DISCA, $BIIB, $ASML, $NXPI)
- ClearBridge Investments Global Infrastructure Income Strategy ($ENB, $NEP, $WMB, $BEP)
- ClearBridge Investments International Growth ACWI ex-US Strategy ($ASML, $TSM, $CRH)
- ClearBridge Investments International Growth ADR Strategy ($SQM, $CP)
- Desert Lion Capital ($SBSW)
- Miller/Howard Investments ($HIG, $VZ, $RE, $JEF, $HIW, $NTR, $MPLX, $ET, $WES, $KSU, $CMS, $PPL)
- Mayar Capital ($DISCK)
- Black Bear Value Partners ($AWI, $AN, $BRK-A, $NVR, $TPL)
- Bronte Capital Amalthea Fund ($VIAC)
- Boyar Value Group ($GME, $VIAC)
- Qualivian Investment Partners ($WSO)
- Artko Capital ($ECOM, $HQI)
- ClearBridge Investments Aggressive Growth Strategy ($STX, $AVGO, $WDC, $AMCX, $TWTR, $VRTX, $GH, $UNH)
