We will be sharing Q2 2021 hedge fund investor letters in this article.
Letters and Updates
- Andaz Private Investments ($NTNX)
- East 72 ($TRUP, $BOWX, $MAC, $SPOT)
- SVN Capital ($HEI, $KKR)
- Guardian Fund ($SHOP, $PLTR, $RBLX, $SPOT)
- Stewart Asset Management ($DPZ)
- Palm Valley Capital Management ($VWTR, $CRD-A, $CRI, $DOX, $OR, COG, $UG, $EZPW, $SCHL)
- Black Bear Value Partners ($AN, $BRK-B, $NVR, $NTDOY, $TPL)
- Headwaters Capital ($MASI, $ABCM, $INSP, $BSY)
- LongRiver Investments ($AMZN, $BABA)
- ClearBridge Investments Aggressive Growth Strategy ($LYFT, $DOCU, $UNH, $MTCH, $BIIB)
- ClearBridge Investments International Growth ADR Strategy ($SE, $SLB, $SEDG, $BNPQY)
- ClearBridge Investments Large Cap Growth Strategy ($FB, $ISRG, $PATH, $ETN)
- ClearBridge Investments Dividend Strategy ($CMCSA, $BX, $UPS, $SRE)
- ClearBridge Investments Large Cap Value Strategy ($DISH, $RTX, $VRT, $AXP, $COF, $BKNG, $TJX)
- Wedgewood Partners ($TSM, $CPRT, $CDW, $PYPL, $FB, $EW, $GOOG, $ODFL, $PGR, $BKNG, $SBUX)
- ClearBridge Investments Multi Cap Growth Strategy ($NOV, $AVGO, $TWTR, $NUAN, $DISCK)
- Nordstern Capital ($TME)
- JDP Capital Management ($DRTT, $SPOT, $ROKU, $STNE)
- White Brook Capital ($PSPC)
- Alphyn Capital Management ($VMEO, $TREB)
- Richie Capital Group ($TTD, $ADBE, $MSCI, $VMD, $MKTX, $INS)
- Massif Capital ($EQNR)
- Upslope Capital Management ($MKTX, $ENV)
- Ensemble Capital ($BKNG, $RACE, $LSTR, $ISRG, $GOOG, $ILMN, $NTDOY)
- Longleaf Partners Fund ($BIIB, $MGM, $WMB)
- Silver Ring Value Partners ($DISCK, $SFM, $MD)
- Third Avenue Management Real Estate Value Fund ($STRS, $FNMA)
- Third Avenue Management Small-Cap Value Fund ($SEB, $MYRG, $WEDXF, $TDW, $FPH, $BSIG, $AMC, $CALM)
- Cedar Creek Partners ($NNUP, $SODI, $PCOA, $GOED)
- Steel City Capital ($ATEX, $NWSA, $LSYN, $SIGA, $TRUP)
- Horizon Kinetics ($MSB, $TPL, $RUN)
- Greystone Capital Management ($APG, $HIL, $HOME)
- Laughing Water Capital ($CDMO, $HMHC, $PAR, $TACT, $THRY)
- Maran Capital Management ($CRSS, $PCYO, $AOUT, $TPB, $FREE)
- Greenhaven Road Capital ($PAR, $KKR, $ESTC, $ROKU, $APPS)
- Lakehouse Global Growth Fund ($TEAM, $OKTA, $TWLO, $SCHW, $PYPL, $MKTX)
- Greenlight Capital ($GPOR, $CEIX, $CC, $AAWW, $GRBK, $TECK, $GPK)
- Baillie Gifford ($GOOG, $HDB, $PDD, $TAL, $NVDA, $BNTX, $MRNA, $TSLA, $SHOP, $BILI, $BYND)
- Summers Value Partners ($UTMD, $NOTV)
- Rowan Street Capital ($FB, $SPOT)
- Perpetual Limited ($BNTX, $TWST, $OPEN, $DCT)
- Argosy Investors ($DFH, $FB, $AMZN, $DAVA, $VZIO, $TAP, $KAR, $CBOE, $FERG)
- DEVON Equity Management Global Opportunities Fund ($ILMN, $PACB, $LLY, $PPD, $TMO)
- Arisaig Partners ($JD, $ARCE)
- Fiduciary Management International Equity Fund ($UL, $DBSDY, $SAP)
- SaltLight Capital Management ($FB)
- Kerrisdale Capital ($TIGR, $TME)
- Tweedy, Browne Company ($BABA)
- Vulcan Value Partners ($KKR, $UPST, $TDG, $CRNC, $MEDP, $AMAT, $NVDA, $CG)
- Third Point Management ($S, $DIS)
- Longleaf Partners Global Fund ($MGM, $WMB, $BIIB)
- Longleaf Partners Small-Cap Fund ($RLGY, $ESRT, $GHC)
- Worm Capital ($TME, $NFLX, $SPOT, $TSLA, $SHOP, $ABNB)
- Cooper Investors Global Equities Fund ($DHR, $SONY, $NVST, $RELX)
- RiverPark Large Growth Fund ($BX, $UBER, $ILMN, $GOOG, $SNAP, $SHOP, $DIS, $EXAS, $BKNG, $Z)
- LRT Capital Management ($DPZ, $ROKU, $SCL, $NVO, $MAR, $HXL, $WSO, $RGEN, $TPL, TFII, $CIGI)
- Alger Mid Cap Focus Fund ($BSY, $HUBS, $NET, $DKNG, $MGNI, $DISCK)
- Tao Value ($SE, $TEAM, $TAL)
- SRK Capital ($TTSH, $NNUP, $HROW)
- Alger Small Cap Focus Fund ($EAR, $SWAV, $DSP, $GH, $HSKA, $CDNA)
- Alger Spectra Fund ($MSFT, $GOOG)
- Old West Investment Management ($RFL)
- RGA Investment Advisors ($SFIX)
- Smead Capital Management ($DISCK, $UHAL)
- Alger Weatherbie Specialized Growth Fund ($NEO, $CHGG, $FSV, $CLB, $PGNY)
- Distillate Capital ($HD, $JNJ)
- Heartland Mid Cap Value Fund ($FCFS, $LOPE, $DGX, $PPG)
- WertArt Capital ($NTDOY, $SUPN)
- Baron Real Estate Fund ($OPEN, $COR, $PENN, $TRIP, $LVS, $BAM, $EQIX, $AZEK, $VAC, $VNO, $RRR, $SWIM)
- Baron Health Care Fund ($TWST, $ICLR, $NARI, $GH, $XLRN, $BBIO, $ABT, $LLY, $PODD, $BNTX, $EW, $MRNA, $TECH, $SWAV, $WST)
- Nelson Capital Management ($TGT, $SYK, $AKAM, $ORCL, $GSK, $QDEL, $BKNG, $TJX, $HD, $AMZN)
- Heartland Value Fund ($AMC, $MNR, $PDCO, $BBBY)
- Heartland Value Plus Fund ($AVNS, $DRQ)
- Madison Dividend Income Fund ($AFL)
- Madison Investors Fund ($BDX, $DLTR, $PCAR, $PGR)
- Madison Mid Cap Fund ($CNNE, $FAST)
- Madison Small Cap Fund ($FOE, $SMG, $RVLV)
- Bernzott Capital Advisors ($INOV, $ELY, $ORBC, $HI, $ADTN, $ATSG, $GVA, $JRVR, $EPAY, $QUOT, $VRNT)
- Broyhill Asset Management ($PM, $MO, $LH, $MCK, $EQC, $DLTR, $MSGE)
- Arquitos Capital ($NTP)
- Gator Capital Management ($ESQ)
- Merion Road Capital Management ($CPRT, $TTWO, $FLXS)
- L1 Capital ($NSIT, $INTU, $AMZN)
- Blue Tower Asset Management ($CNR)
- Kinsman Oak Equity Fund ($TPB, $GNTX, $FB)
- Polen Focus Growth ($NFLX, $GOOG, $FB, $ABT, $SBUX)
- Polen Global Growth ($ZTS, $AON)
- Polen International Growth ($ADDYY, $EDU, $LVMUY, $SAP, $ASML, $SHOP, $MELI)
- Baron Opportunity Fund ($MSFT, $GOOG, $NVDA, $ARWR, $SWAV, $BBIO, $ACVA, $GH, $TRIP, $OPEN, $EDR, $INDI, $RNG, $TEAM, $SOFI)
- Oakmark Fund ($MGM, $ICE, $CAT)
- Oakmark Global Fund ($THC)
- Oakmark International Fund ($TV)
- Oakmark Select Fund ($REGN, $ALSN)
- Bronte Capital Amalthea Fund ($REGN)
- Baron Asset Fund ($IDXX, $IT, $MTD, $TRU, $TRIP, $Z, $MKTX, $BMBL, $AVLR)
- Bonhoeffer Capital Management ($TIGO)
- Baron Growth Fund ($MSCI, $ZY, $AMWL, $YAC, $PENN, $BFAM, $MAR)
- Baron Discovery Fund ($SKIN, $DAVA, $CDNA, $PGNY, $ARRY, $DSP, $VCYT, $JBGS, $DV, $ALKT, $PING, $ZY, $OLK, $RXRX, $EBS, $PRPL)
- Baron Small Cap Fund ($VRT, $DAVA, $IBP, $RRR, $ARRY, $UTZ, $JBI, $FA, $FOXF)
- 1 Main Capital ($ATIP, $MHH, $LMB)
- Voss Value Offshore Fund ($IMXI)
- Artisan International Value Fund ($NWG, $TS, $IMO, $ABB)
- Artisan Mid Cap Fund ($SAM, $GPN, $BNTX, $HUBS, $GMAB, $LPLA, $ENTG, $WMS, $NUAN, $IRTC,$COUP, $TRU, $BIGC, $IR, $WST)
- Artisan Small Cap Fund ($IOVA, $NEO, $OLO, $WK, $EB, $IRTC, $CGNX, $VCYT, $SWAV, $ARGX, $JBT, $GKOS, $VMI)
- Polen U.S. Small Company Growth ($RVLV, $TRUP, $DCT, $SLP, $APPF, $GSHD)
- Polen International Small Company Growth ($DAVA)
- Baron FinTech Fund ($SOFI, $MQ, $DCT, $GPN, $MKTX, $Z, $EPAM, $INTU)
- Baron Partners Fund ($H, $MANU)
- Polen U.S. SMID Company Growth Fund ($TTD, $GNRC, $EPAM, $AZPN, $EXPO, $DCT, $FTCH, $ENV, $EEFT)
- Qualivian Investment Partners ($GOOG, $PYPL, $MCO, $TJX, $MA, $INTU)
- Diamond Hill Small Cap Fund ($PRA, $CALM, $STL, $ALGT, $WCC, $CCF, $RRR, $BBCP, $AMOT, $UFPT)
- Alluvial Capital Management ($NUVR, $GTX, $PIOE, $CRSS, $RWWI)
- Long Cast Advisers ($QRHC)
- Weitz Investment Management Hickory Fund ($DNB, $MKTX)
- Semper Vic Partners ($BRK-A, $NSRGY, $BABA)
- TGV Intrinsic Fund ($WAB)
- RF Capital Management ($GME, $SFM)
- Weitz Investment Management Value Fund ($ROP)
- Giverny Capital Asset Management ($KMX, $ATHM)
- Wasatch Core Growth Fund ($POOL, $VVV, $ALGT, $ENSG, $LOPE, $FOCS, $ZIP, $HUBS)
- First Eagle Investment Management ($ORCL,$KMTUY, $XOM, $FB, $BKNG)
- Carillon Eagle Mid Cap Growth Fund ($IDXX, $CRWD, $MRNA, $POOL, $DOCU, $DKNG, $LPLA, $GPN, $GH, $PTON)
- Wasatch Micro Cap Fund ($XPEL, $KRNT, $VWE, $MSGM, $DSP, $CCXI)
- Carillon Eagle Small Cap Growth Fund ($EVRI, $SUM, $PEGA, $CRCT, $PENN, $NTLA, $SLQT, $UEIC, $EBS, $RSI)
- Wasatch Micro Cap Value Fund ($SKY, $VECO, $KLR, $AOUT, $VTNR)
- Wasatch Small Cap Growth Fund ($KRNT, $BOOT, $RPD, $CCXI, $ALGT, $ZIP, $FOCS, $PRPL, $HUBS)
- Miller Value Partners Opportunity Equity ($DXC, $ET, $ADT, $GBTC, $QUOT, $DM, $BABA, $SPLK, $SOFI, $COIN, $BIIB, $TUP)
- Wasatch Small Cap Value Fund ($LOPE, $TRIP)
- Wasatch Ultra Growth Fund ($ITCI, $MGNX, $TRIP)
- L1 Long Short Fund Limited ($WFC)
- Horos Asset Management ($MBI, $BPYPN)
- Miller Value Partners Income Fund ($APO, $CHS, $CC, $HMPT)
- Artisan Global Discovery Fund ($VCYT, $BSY, $BSX, $MORN)
- Ariel Investments ($ADT, $GS, $APA, $ORCL, $TISI, $GOLD, $WU)
- Artisan Value Fund ($BKNG, $AL, $SLB, $BX, $GOOG, $MAR, $VRTX)
- Appleseed Fund ($HLF, $ALL)
- Artko Capital ($GBLI, $REPH, $HDSN, $HQI, $JYNT)
- Saga Partners ($GDRX)
- Choice Equities Capital Management ($INVE, $SIC)
- Harding Loevner Emerging Markets Equity Fund ($EPAM, $EDU, $ABEV)
- Harding Loevner Global Equity Fund ($VRTX, $PYPL, $NVDA)
- Harding Loevner Global Small Companies Equity Fund ($SYBT, $SBNY, $OLLI)
- GoodHaven Funds ($JEF, $BRK-A, $GOOG)
- Evermore Global Value Fund ($ZIM, $REKR, $MUDS)
- Palm Capital ($WAT, $KLAC, $EFX)
- Bretton Fund ($NVR, $GOOG)
- Nomadic Value Partners ($MERC, $EQC, $FAST, $ONEM)
- Mawer Investment Management ($SHOP, $GOOG, $EDU)
- RV Capital Management ($CRM, $BABA)
- Pershing Square Holdings ($PSTH, $LOW, $A, $HHC, $HLT, $QSR, $CMG, $DPZ)
- Desert Lion Capital ($KARO)
- Curreen Capital ($AOUT, $CNDT, $CACC, $KTB)
- ClearBridge Investments Value Equity Strategy ($SLB, $PWR)
- ClearBridge Investments Select Strategy ($SHOP, $EDR, $CFLT, $PAY, $SPT)
- ClearBridge Investments Mid Cap Growth Strategy ($CRL, $COUP, $COMP, $DOCS, $CHWY, $PFGC, $IDXX, $MTD, $XM)
- ClearBridge Investments Mid Cap Strategy ($PRPL)
- ClearBridge Investments Sustainability Leaders Strategy ($MS, $DHR, $PGNY, $TMO, $CVS, $UBER, $COST, $WMT, $HD, $AMZN, $ARRY)
- ClearBridge Investments SMID Cap Growth Strategy ($WING, $OMCL, $MRVL, $AVLR, $ENPH, $SHLS)
- ClearBridge Investments Small Cap Value Strategy ($CSTM, $VSTO, $EVRI)
- ClearBridge Investments Global Infrastructure Value Strategy ($ENB, $AMT)
- ClearBridge Investments Global Infrastructure Income Strategy ($CCI, $NGG)
- ClearBridge Investments International Growth EAFE Strategy ($ZLAB)
- ClearBridge Investments Small Cap Growth Strategy ($TRUP, $CDNA)
- Harding Loevner World Equity Fund ($SIVB, $SLB, $FRC, $DE)
- Polen Global Emerging Markets Growth ($YNDX, $BABA, $TME)
