Hedge Fund Investor Letters Q2 2022

We will be sharing Q2 2022 hedge fund investor letters in this article. You can also see the hedge fund investor letters for 2022 Q1, 2021 Q4, 2021 Q3, 2021 Q2, 2021 Q1, 2020 Q4, and 2020 Q3 by clicking the links.

Hedge Fund Investor Letters and Updates for 2022 Q2

• LRT Capital Management ($NOC, $MAR, $DPZ, $ABG, $PGR, $TPL, $MUSA, $PSA, $BKNG, $AOS, $TGT, $CIGI, $DE)
• Palm Valley Capital Management ($DHI, $MLR, $CRDA, $CTRA)
• Richie Capital Group ($KNSL, $AMT, $TTD)
• Oakmark Funds ($NFLX, $ALLY, $DIS, $ETSY, $MAS, $ORCL, $PH)
• Oakmark Select Fund ($AMZN)
• Oakmark Global Select Fund ($HUM, $GOOG)
• Black Bear Value Partners ($GRBK, $EAF, $BLDR)
• Ensemble Capital ($ILMN, $NOW, $MASI, $NFLX, $HD, $FAF, $NVR, $TGT)
• Rowan Street Capital ($NVO, $SHOP, $TTD, $FB, $SPOT, $COIN)
• Fundsmith Equity Fund ($PM, $FB)
• Andvari Associates ($CHTR, $ADBE)
• Worm Capital ($SPOT, $TSLA)
• Moon Capital Management ($FB)
• Heartland Mid Cap Value Fund ($COLD, $FIBK, $SNA, $G, $THO, $NOV)
• Brasada Capital Management ($CDRE, $AZTA, $POOL)
• East 72 ($UHAL, $LBRDK, $CHTR)
• Heartland Value Plus Fund ($HAE, $PAHC)
• Heartland Value Fund ($CSV)
• Stewart Asset Management ($TMO, $MSCI, $FB)
• Wedgewood Partners ($PYPL, $GOOG, $AAPL, $TSM, $PGR, $UNH, $FRC, $SBUX)
• Miller Value Partners Opportunity Equity Fund ($NCLH, $DAL, $UAL, $OMF, $OVV, $TEVA, $EXPE, $MAT, $DXC, $FTCH, $AMZN, $BABA, $PHM, $CCL)
• Alluvial Capital Management ($PX, $GTX, $CUSI, $TIM)
• Artisan Global Value Fund ($BAESY, $BABA, $DANOY, $EXPE, $FB, $ST, $LRCX)
• White Brook Capital ($AFYA, $ITRI)
• Horizon Kinetics ($CME, $WPM)
• Nordstern Capital ($ARCH, $STNE)
• Upslope Capital Management ($BFAM, $ENV, $BALL)
• Alta Fox Capital ($HAS, $EVBG, $XPEL, $NGMS)
• Legacy Ridge Capital Partners Equity Fund ($VST)
• Giverny Capital Asset Management ($LYV, $MA, $LBRDA, $FND, $PGR, $ANET, $IIVI, $MTB, $ADI)
• Tourlite Capital Management ($GOOGL, $IS, $PRM, $AMZN)
• Laughing Water Capital ($THRY, $LNDC, $FREE, $CDMO, $TACT)
• Miller Value Partners Deep Value Strategy ($GCI, $QUAD, $NBR, $FMC)
• Miller Value Partners Income Strategy ($BKE, $HRB, $ARLP, $HMPT, $ENDP, $BBBY, $JXN)
• ClearBridge Investments Small Cap Growth Strategy ($WING, $BAND, $BHVN)
• ClearBridge Investments Global Infrastructure Income Strategy ($NGG, $EXC)
• ClearBridge Investments International Growth ADR Strategy ($GOLD, $TEAM, $ESTC)
• Right Tail Capital ($FERG)
• Sound Shore Fund ($MRK, $PRGO)
• Bronte Capital Amalthea Fund ($FB)
• Maran Capital ($CDRE, $CLAR)
• ClearBridge Investments Select Strategy ($EVBG, $PXD, $PGNY, $CPRT, $BKR, $MNST, $STZ, $CHK, $LPSN)
• NZS Capital Growth Equity Fund ($BALL)
• ClearBridge Investments Aggressive Growth Strategy ($DEO, $SNOW, $ABNB, $CRWD)
• ClearBridge Investments International Growth EAFE Strategy ($SEDG, $LIN, $TSM)
• ClearBridge Investments Dividend Strategy Portfolio ($BAC)
• ClearBridge Investments Large Cap Growth ESG Strategy ($NVDA, $DXCM, $ULTA, $AMZN, $NXPI, $SHW, $AES, $UPS, $HAS)
• ClearBridge Investments All Cap Growth Strategy ($SYK, $HUBS)
• FPA Crescent Fund ($CMCSA, $CHTR, $KMX)
• First Eagle Investments ($CRM)
• Farnam Street Investments ($AZO)
• ClearBridge Investments  Large Cap Growth Strategy ($BABA, $BMRN)
• ClearBridge Investments  All Cap Value Strategy ($PFE, $OC, $REYN)
• ClearBridge Investments Sustainability Leaders Strategy ($HAIN, $BEP, $GILD, $JNJ, $PLD, $AAPL, $GOOG, $UNH, $MSFT)
• Massif Capital Real Assets Strategy ($BIP, $GSL, $SBLK)
• ClearBridge Investments Global Infrastructure Value Strategy ($CWEN, $CEG, $UNP, $AWK, $CSX, $PEG)
• ClearBridge Investments Value Equity Strategy ($ICE, $BKI, $HES, $MTB)
• 1 Main Capital Partners ($KKR )
• Alphyn Capital Management ($BUR)
• ClearBridge Investments Large Cap Value Strategy ($APD, $MRK, $DISH, $BDX, $AXP, $NOC, $TJX, $RTX)
• Greystone Capital Management ($RICK, $IDT)
• Greenlight Capital ($AAWW, $BHF, $CEIX, $GRBK, $TECK, $TWTR)
• Praetorian Capital ($JOE)
• Baron Funds (Letter From Ron) ($TSLA)
• Baron Health Care Fund ($ARE, $WRBY, $ARGX, $LLY, $VRTX, $MRK, $MCK, $TECH, $ISRG, $COO, $BMY, $NVO, $ABBV, $ILMN)
• Smead Capital Management Value Fund ($MRK, $MAC, $OXY, $TGT, $EBAY, $CLR, $WBD)
• SaltLight Capital Management ($BAM)
• Praetorian Capital Fund ($JOE)
• Mittleman Brothers Global Value Equity Fund ($TRMR, $HCCI, $REV)
• Broyhill Asset Management
• Steel City Capital ($ATEX, $TRUP, $CVNA, $ETRN, $SCI)
• Rowan Street Capital ($SPOT, $PTON, $META)
• Manole Capital Management ($GPN)
• Long Cast Advisers ($QRHC, $CCRD, $CTEK)
• Kingdom Capital Advisor ($AMRK, $DOLE, $ARCH, $POL)
• LVS Advisory ($TWTR)
• Mayar Capital ($PYPL, $JNJ, $GOOG, $DBX, $V, $MA, $EA, $SAP, $UL, $DANOY, $UPS, $VNT)
• ClearBridge Investments Global Growth Strategy ($NEE, $SLB, $ABBV)
• Weitz Investment Management Value Fund ($ADBE)
• Legacy Ridge Capital Partners Equity Fund ($VST)
• Laughing Water Capital ($CDMO, $LNDC, $THRY, $FREE, $TACT )
• Horos Asset Management ($GOOG, $TGA, $GLNG, $MBI, $MG, $METC)
• Artko Capital ($PBPB, $HQI, $NTIC)
• Argosy Investors ($T, $CURV, $VNT, $AMOT, $DFH, $META, $FTV, $ARLO, $WBD)
• Sound Shore Management ($LEN, $MRK, $PRGO)
• Weitz Investment Management Hickory Fund ($AZO, $BATRA, $MKL)
• ClearBridge Investments Small Cap Value Strategy ($ACT, $INSW, $RWT, $MUSA, $MUSA)
• ClearBridge Investments SMID Cap Growth Strategy ($BWXT)
• Mercator International Opportunity Fund ($MTLS, $TSM)
• RGA Investment Advisors ($MXCT, $META, $ALGN, $CTKB)
• Headwaters Capital ($NOTV, $SPSC, $QLYS, $AFG)
• Cedar Creek Partners ($BMTX)
• Bireme Capital ($GME, $SKLZ, $AFRM, $HCA, $MSTR, $FUBO)
• Weitz Investment Partners III Opportunity Fund ($DHR, $ROP, $QRTEA)
• ClearBridge Investments Large Cap Value ESG Fund ($AMT, $PEP, $DE)
• Vulcan Value Partners ($AMZN, $TDG, $CG, $UPST, $SNBR, $SPLK, $GE, $PRCH, $CBRE, $W, $JLL)
• Ave Maria Focused Fund ($TPL, $GFL, $DBRG)
• Ave Maria Growth Fund ($CHNG)
• Ave Maria Rising Dividend Fund ($RH, $THO, $VFC)
• Ave Maria World Equity Fund ($FHN, $MA, $SPGI, $IQV, $MSFT, $CCEP)
• ClearBridge Mid Cap Growth Strategy ($COLD, $SBAC, $WMS, $CTLT, $CVNA, $EXPE, $APP, $EQT, $DOCS, $CHWY, $WOOF)
• Arch Capital Management ($IAC, $SFM, $DBX, $GOOG)
• GoodHaven Capital Management ($JEF, $GS, $PCG, $BLDR, $LEN, $Y, $RH, $BRK-B, $DVN, $GOOG)
• Vulcan Value Partners ($CBRE, $JLL, $GE, $W, $UPST, $SPLK, $AMZN, $SNBR, $PRCH, $TDG, $CG)
• MPE Capital ($ATUS, $POSH)
• SRK Capital ($HROW, $HGBL, $JOB)
• Hayden Capital ($COIN)
• Rhizome Partners ($UNVR, $AMBP, $BERY, $HQI, $CCRN, $FRPH, $PLD, $HHC)
• Choice Equities ($OEC, $SITE, $CROX, $FARM)
• Cove Street Capital Small Cap Value Fund ($LGF, $WTM, $VSAT, $CMP, $HNRG, $BKEP)
• FPA Queens Road Small Cap Value Fund ($SJI, $SFBS, $AEL, $RLI, $MTZ, $MATV, $PVH. $CSGS, $INFU, $SNX)
• Baron Asset Fund ($CWAN, $ZI, $MTD, $ICLR, $FND, $ANSS, $TRIP, $MKTX, $CLVT, $IDXX, $OSK, $DSEY, $ROL, $IT)
• Longleaf Partners Fund ($GE, $MGM, $WBD,$WMB)
• Alger Spectra Fund ($RIVN, $AAPL, $AMZN, $META, $EVH, $BABA)
• Alger Small Cap Focus Fund ($GO, $ATRC, $CYRX, $INSP)
• Miller Value Partners Opportunity Trust Fund ($KRTX, $COIN, $BHC)
• First Eagle Investments Global Fund ($XOM, $PM, $BABA, $CL, $FB, $ORCL, $HCA, $NEM)
• Summers Value Partners ($OYST, $ELMD)
• Baron Growth Fund ($MTN, $MSCI, $IRDM, $CHH, $VAC, $FDS, $WST, $GWRE)
• Mayar Capital ($UL, $JWN, $WBD, $BFAM, $NOTV)
• First Eagle Investments Overseas Fund ($BAESY, $DANOY, $ABEV)
• Voss Capital ($EXTR)
• Brick By Brick Capital ($ABNB, $ASPN)
• Oakmark Global Fund ($CNHI, $NVST, $CWK, $GD, $PH)
• Diamond Hill Capital Management Small Cap Fund ($UFPT, $TGB, $WCC, $FA, $LOB, $ECOM, $CCS, $ENOV, $ESAB, $RRR, $ASH, $FIBK, $POST)
• Carillon Eagle Mid Cap Growth Fund ($MNST, $SGEN, $RBA, $TYL, $AZO, $EXPE, $RBA, $CGNX, $CRWD, $MRVL)
• L1 Capital International Fund ($GOOG, $BKNG, $AMZN, $LPX, $MMC, $IQV, $NFLX, $MA, $MSFT, $INTU, $GPK, $EXP, $CRH, $INTU, $CRH, $MNST)
• RGAIA Investment Advisors ($META, $ALGN, $CTKB, $MXCT, $TWTR)
• Third Avenue Management Real Estate Value Fund ($DHI, $CBRE, $CTT)
• Baron Fintech Fund ($LPLA, $MELI, $DAVA, $SHOP, $GLOB, $EXFY, $PGR, $ALKT, $KNSL, $SQ, $NVEI)
• Baron Durable Advantage Fund ($SPGI, $UNH, $ECL, $GOOG, $MSFT, $META, $ACN)
• Baron International Growth Fund ($BIDU, $DLO, $YMM)
• Bernzott Capital Advisors US Small Cap Value Strategy ($QUOT, $TRNO, $ATIP, $HCI, $CMP, $FTDR, $SP, $HHC, $TREE, $CADE)
• Baron Global Advantage Fund ($INTC, $ARWR, $NET, $AMZN)
• Baron Fifth Avenue Growth Fund ($ILMN, $NVDA, $ARGX, $GTLB, $ZI, $RIVN, $SNOW)
• Baron Small Cap Fund ($SHLS, $GDYN, $COLD, $DRVN, $GTLS, $ASGN, $CGNX, $IT, $VRT, $DXCM, $SPT, $BERY, $MXCT, $SMRT)
• Baron New Asia Fund ($TSM, $LU, $ACMR, $YUMC)
• Baron Emerging Markets Fund ($GFI, $BABA)
• Baron Discovery Fund ($ESTA, $MRCY, $MEG, $INGN, $ASGN, $AEIS, $DT, $DH, $PGNY, $REXR, $CDAY, $INSP)
• Baron Focused Growth Fund ($RRR, $FIGS, $BYD, $ACGL, $SPOT, $H, $PENN, $CSGP)
• Saga Partners ($LGIH, $TTD, $TRUP, $META, $CVNA, $ROKU, $RDFN, $GDRX)
• Greenhaven Road Capital ($ESTC, $PAR, $KKR , $CLBT, $APPS)
• Baron Partners Fund ($GLPI, $SCHW)
• Cooper Investors Global Equities Fund ($ATVI, $YUMC)
• Mawer Investment Management ($TSM)
• Militia Capital ($NFLX)
• Five Corners Partners ($FC)
• Silver Ring Value Partners ($SNAP)
• Baron Real Estate Fund ($TOL, $LEN, $BAM, $JLL, $LVS, $BYD, $MGM, $LOW, $FBHS, $MGM, $DLR, $INVH, $SITE, $AVB, $BX, $HHC, $AMT, $SBAC)
• Meridian Enhanced Equity Fund ($LW, $PINS, $STRY, $BA, $PARA)
• Meridian Contrarian Fund ($MU, $COTY , $PLAB, $VICI, $LEGN, $SGH)
• Meridian Small Cap Growth Fund ($MNTV, $HDSN)
• Meridian Growth Fund ($DOCS, $MATX, $ACVA, $EGHT, $RBA, $DT)
• Pershing Square Holdings ($QSR, $HHC, $CMG, $CP, $HLT, $DPZ, $NFLX, $LOW)
• Mindset Value Fund ($NNI, $HQI)
• Curreen Capital ($JXN)
• Gator Capital Management ($AX)
• Baron Real Estate Income Fund ($EQR, $CPT, $NXRT, $INVH, $AMH, $ELS, $SUI, $EQIX, $DLR, $PLD, $DRE, $VTR, $WELL, $PEB, $SHO, $EXR, $NTST, $VNO, $PSA)
• Vltava Fund ($CVE)
• GreenWood Investors ($TRIP, $LTRPA, $RH, $MEIP, $KOD, $PCH)
• Matrix Asset Advisors ($MS, $PARA, $APD, $SBUX, $BKNG)
• First Eagle U.S. Value Fund ($UHS, $UGI, $WRB)
• First Eagle Investments Global Income Builder Fund
• Fairholme Capital Management Allocation Fund
• Fairholme Capital Management Focused Income Fund
• Askeladden Capital ($AER, $FC)
• Fairholme Capital Management Fund ($EPD, $CMC, $JOE)
• Longleaf Partners International Fund ($TIGO)
• Baron Opportunity Fund ($ASML, $AMD)
• Longleaf Partners Small-Cap Fund ($WTM, $OSCR, $VMEO, $HOUS, $ESRT)
• Chartwell Investment Partners ($FLO, $TNL, $URI, $HAIN, $T, $GIS, $MRK, $HBI, $LNC, $GM, $BC, $CF)
• Merion Road Capital ($GOOG, $MN, $WHG)
• L1 Capital Long Short Fund ($CVE, $SHOP, $NWS)
• RiverPark Large Growth Fund ($BX, $NKE, $RNG, $KKR, $META, $TWLO, $AMZN, $GOOG, $UBER)
• Madison Investors Fund ($DLTR, $NKE, $EMBC, $GOOG)
• Madison Diversified Income Fund ($APD)
• Madison Small Cap Fund ($HAIN)
• Third Avenue Management Small-Cap Value Fund ($CCF, $SUPN, $DORM, $RVLV, $MODN)
• Madison Mid Cap Fund ($BKI, $FND, $ROST, $TTWO, $FWONK)
• Old West Investment Management ($LMT)
• Bonhoeffer Capital Management ($TIIAY, $BERY, $TIGO, $THRY)
• Artisan Partners Global Discovery Fund ($BSX, $ON, $TDY, $CGNX, $CDAY, $COO, $CTLT, $ARGX, $ASND, $TEAM, $VEEV)
• Harding Loevner Global Small Companies Equity ($NBIX, $GLOB, $MGPI)
• Harding Loevner International Equity ($MFC, $ABEV)
• Harding Loevner Emerging Markets Equity ($EPAM)
• Harding Loevner Global Equity ($SIVB, $ALGN, $ILMN, $MELI, $NFLX, $META)
• Artisan Partners Mid Cap Fund ($HUBS, $ZI, $SIVB, $LPLA, $LYFT, $ETSY, $NYT, $RGEN, $BALL, $RYAN, $NEO)
• Artisan Partners International Value Fund ($TCOM, $BABA, $ABB)
• Artisan Partners Value Fund ($PM, $MDT, $NFLX, $FDX, $BAC)
• Desert Lion Capita ($SBSW)
• RiverPark Wedgewood Fund ($PYPL, $TSM, $TPL, $UNH, $PGR, $FRC, $POOL, $SBUX)
• Artisan Partners Small Cap Fund ($MPWR, $LSCC, $HALO, $NVST, $DV, $BFAM, $JBT, $AZEK, $COOK, $SPT, $WK)
• Wedgewood Partners Focused SMID Cap Strategy ($BR, $SAIA, $BURL, $AYI, $MMS, $SHOO, $TPL, $LSTR, $POOL)
• Polen U.S. SMID Company Growth Fund ($HLNE, $GLOB, $AZPN, $DOCS, $WRBY, $RVLV, $CRL, $TRUP, $APPF)
• Lux Capital ($RXRX)
• Fiduciary Management All Cap Equity ($BKNG, $LCII)
• Distillate Capital Partners ($AAPL, $WBD, $UNH, $JNJ, $GOOG, $AMZN, $BABA)
• Polen Capital Focus Growth Fund ($ADBE, $ABNB)
• Polen Capital Global Emerging Markets Growth Fund ($KARO, $ATHM, $MELI)
• Polen International Growth Fund ($UL)
• Polen Capital U.S. Small Company Growth Fund ($BMBL, $AMN, $BIGC, $PGNY, $MBUU, $FIVE, $SITE, $DAVA)
• FPA U.S. Core Equity Fund
• River Oak Capital ($NFLX)
• Diamond Hill Capital Mid Cap Strategy ($FCX)
• Diamond Hill Capital Small-Mid Cap Strategy ($ALGT, $SSNC, $UGI)
• Diamond Hill Capital Management Large Cap Strategy ($VZ, $HUM, $AMZN, $MLM, $HCA, $MSFT)
• Fiduciary Management Small Cap Equity ($BECN)
• Carillon Eagle Small Cap Growth Fund ($CELH, $PJT , $HALO, $EVRI, $WWD, $SUM, $CNMD)
• Diamond Hill Capital All Cap Select Strategy ($STKL, $COOP, $CMPR, $SIVB)
• Carillon Eagle Growth & Income Fund ($MSI, $MRK, $UNH, $AVGO, $PLD, $TGT)
• Diamond Hill Capital Large Cap Concentrated Strategy ($HD, $GM, $UNP, $BAC)
• IP Capital Partners ($META, $NFLX, $CHTR, $SCHW, $AMZN)
• Carillon Scout Mid Cap Fund ($BMRN, $FCN, $LW, $MOS, $SPLK, $OVV)
• Polen Capital Global Emerging Markets Growth Fund ($ATHM, $MELI, $KARO)
• Carillon Scout Small Cap Fund ($AMBA, $CNS, $COHR, $GIC, $CHRS, $VCEL, $USPH)
• Aristotle Capital Management Global Equity Fund ($TTE, $MCHP, $TWTR, $AMGN)
• Polen Global Growth Fund ($ADP, $CSL, $SBUX, $GOOG, $AMZN, $ALGN, $NFLX, $CCJ)
• RV Capital Business Owner Fund ($CACC, $META, $CRM, $CVNA)
• Carillon Clarivest Capital Appreciation Fund ($TSLA, $MSFT, $PFE)
• Aristotle Capital Management Core Equity Fund ($DG, $CI, $SPR, $ADBE, $DAR, $ACN, $NOW, $FIS)
• Aristotle Capital Management Value Equity Fund ($MLM, $KO, $ADSK)
• Aristotle Capital Management International Equity Fund ($CCEP)