We will be sharing Q2 2025 hedge fund investor letters in this article. You can also see the hedge fund investor letters for Q1 2025, 2024 Q4, 2024 Q3, 2024 Q2 ,2024 Q1, 2023 Q4, and 2023 Q3 by clicking the links.
Hedge Fund Investor Letters and Updates for 2025 Q2
- Night Watch Investment Management ($MRX, $CWH, $RELY)
- Lakehouse Capital Global Growth Fund May 2025 ($SE, $AMZN, $MELI)
- ClearBridge Investments Large Cap Growth Strategy ($TSM, $MRVL, $LIN, $AVGO, $ICLR, $NFLX, $NOW, $ADBE, $TGT, $UNH, $TMO, $MMC)
- Palm Valley Capital Fund ($HCSG, $CHRD, $RES, $PZZA, $KELYA, $MAN, $CRI)
- LVS Advisory ($CW, $ITOS)
- ClearBridge Investments Dividend Strategy ($LHX, $ORCL, $XOM)
- Artisan Partners Developing World Fund ($LVMUY, $NU, $MELI, $ARM, $PDD, $CRWD, $BEKE, $BZ)
- SVN Capital Fund ($CPRT, $KKR)
- ClearBridge Investments Value Strategy ($VST, $DIS, $TLN, $PEP, $NEM)
- Longriver Partners Fund ($META, $NVDA, $AMD, $TSM, $MSFT, $AMZN)
- Right Tail Capital ($SCHW, $IAC, $NSC, $NSIT)
- Clearbridge Investments Global Infrastructure Income Strategy ($CEG, $OKE, $PBA)
- Mar Vista’s U.S. Quality Premier Strategy ($GE, $MTD, $AVGO, $MSFT, $META, $JNJ, $AAPL)
- Mar Vista U.S. Quality Strategy ($ORCL, $BRK-B)
- Ashva Capital Management ($HOOD, $CRDO, $HWM)
- Mar Vista Global Quality Strategy ($NVDA, $FANUY)
- Alphyn Capital Management ($AMZN, $KKR, $KFS, $KMX, $BN, $FRFHF, $OCSL, $CCOI)
- Brasada Capital Management ($WST, $UBER)
- Heartland Advisors Value Plus Fund ($GTES, $NVST, $SIMO)
- Heartland Advisors Value Fund ($KWR, $PLAB, $XRAY)
- Heartland Advisors Mid Cap Value Fund ($EG, $HUBB, $BDX)
- Black Bear Value Fund ($BLDR, $CNR, $HCC, $FLG, $ABG, $AN)
- Oakmark Global Fund ($MOH, $KDP, $BDX, $ADDYY, $BNPQY)
- Oakmark Equity and Income Fund ($ICLR, $FI, $ZBH, $OC, $TRGP, $ALSN, $COF, $CRL, $CDW, $NKE)
- Headwaters Capital Management ($TECH, $TMDX, $GMED)
- Oakmark Fund ($C, $GPN, $AMZN, $CRM)
- Rowan Street Capital ($META, $SPOT)
- Cooper Investors Global Equities Fund ($CDW, $TKO)
- Oakmark Select Fund ($GOOGL, $IQV)
- L1 Capital International Fund ($UNH, $MMC, $EXP, $HCA, $J)
- Vulcan Value Partners ($IQV, $MSFT, $AMZN, $ARES, $UNH, $GOOG, $LFUS)
- Patient Opportunity Equity Strategy ($UNH, $COST, $YOU, $KOS, $QXO, $COIN, $NVDA, $BABA, $NFE, $NE, $TEM)
- Wedgewood Partners ($META, $TSCO, $AAPL, $UNH, $BKNG, $MSFT, $CPRT, $ZTS)
- Ariel Fund ($LESL, $SJM, $CLB, $NTRS, $SPHR, $ATGE)
- Ariel Investments Appreciation Fund ($NVT, $SLB, $KMX, $FI, $GS)
- Ariel Investments Focus Fund ($ORCL, $MOS, $APA, $GNRC, $REZI)
- Madison Large Cap Fund ($ABNB, $CDW, $IT, $BRK-B, $FERG, $BN, $FI, $ACGL, $PGR, $CPRT)
- Dodge and Cox Stock Fund ($UNH)
- Aristotle Atlantic Focus Growth Strategy ($UNH, $ADPT, $NFLX, $V, $HUBS, $EXPE)
- Aristotle Capital Value Equity Strategy ($UBER, $MSFT, $MCHP, $XYL, $AMGN, $ALC)
- Polen Capital Focus Growth Strategy ($ORCL, $UNH, $AAPL, $IDXX)
- Aristotle Capital Small Cap Equity Strategy ($MTSI, $DY, $CHE, $ACIW, $ALIT, $FLS, $GRDN, $IPAR, $VRRM, $BHLB, $JBGS, $SMG, $MNRO, $TROX)
- Aristotle Atlantic Core Equity Strategy ($ORCL, $AVGO, $BDX, $CB, $ZTS)
- Laughing Water Capital ($LFCR, $PAR, $CLAR, $NN, $CTLP, $THRY)
- Longleaf Partners Fund ($DINO, $MGM, $KHC, $FDX, $REGN)
- Alger Mid Cap Focus Fund ($PLTR, $NET, $VRT, $RYAN, $GLOB, $CWAN)
- Sands Capital Technology Innovators Fund ($MSFT, $NFLX, $META, $NVDA, $TEAM, $TSM, $AAPL, $OKTA, $V, $PANW, $GLBE, $GOOG, $SPOT)
- Conestoga Capital Advisors Small Cap Strategy ($DSGX, $AAON, $BFAM, $CWAN, $MMSI, $ESE, $RBC, $AGYS, $ROAD, $FSS, $EXPO, $NEOG, $JBTM)
- Conestoga Capital Advisors SMid Cap Strategy ($AXON, $GWRE, $HEI-A, $WSO, $POOL, $FICO)
- Conestoga Capital Advisors Micro Cap Strategy ($SSTI, $KIDS, $SLP, $TWST, $PL, $WLDN, $OLO, $MEG, $HLMN, $ERII)
- Conestoga Capital Advisors Mid Cap Strategy ($BSY, $IDXX, $NET, $CPRT, $VEEV, $ROP, $MTD, $WCN)
- Curreen Capital ($FTRE)
- Bronte Capital Amalthea Fund ($AMRZ)
- The London Company Small Cap Strategy ($GTES, $ACIW, $MATX, $IPAR, $CABO)
- The London Company SMID Cap Strategy ($NEU, $AWI, $AER, $SAIA, $CNNE, $WTM, $MUSA, $SGI)
- The London Company Mid Cap Strategy ($APH, $DLTR, $ENTG, $CHDN, SWKS)
- Parnassus Value Equity Fund ($AZN, $AVGO, $ORCL, $MSFT, $MU, $TSM, $WMT, $LIN, $REGN, $SPG, $BAX, $GPN, $DHR)
- Hotchkis & Wiley Large Cap Disciplined Value Fund ($FFIV, $APA, $NOV, $KHC, $UNH, $C)
- Hotchkis & Wiley Mid-Cap Value Fund ($FLR, $BPOP, $KOS, $OLN, $ADNT)
- Baron Discovery Fund ($KTOS, $MEG, $CWAN, $KRMN, $INSP, $MAC, $RH, $ASIC, $WYNN, $DT)
- Baron Health Care Fund ($INSM, $ISRG, $ARGX, $TMO, $COO, $EXAS, $LLY, $PEN, $EW, $IDXX, $UNH, $MASI)
- Baron Focused Growth Fund ($FDS, $SPOT, $MTN, $TSLA, $CHH, $IBKR)
- Aristotle Atlantic Large Cap Growth Strategy ($AAPL, $TECH, $AR)
- Aristotle Capital Small/Mid Cap Equity Strategy ($DLB, $FTAI, $PRGO, $CMCO)
- Baron Asset Fund ($APH, $GWRE, $ACGL, $TECH, $IOT, $LPLA, $IT, $ROP, $VRSK, $CSGP, $PLTR)
- Aristotle Capital Global Equity Strategy ($PYPL, $CCJ, $COF)
- Greystone Capital Management ($NRP, $APG)
- Third Point Management ($RKT, $CASY)
- Baron Real Estate Fund ($BN, $BAM, $CHDN, $PLD, $IRT, $ABNB, $BXP, $EXR, $AMT, $EQIX, $AVB)
- RiverPark Large Growth Fund ($NVDA, $NFLX, $LLY, $META, $UNH, $MSFT, $PEP, $UBER, $SBUX, $AAPL)
- Wasatch Small Cap Growth Strategy ($BRBR, $CWAN, $GSHD, $AGYS, $FN, $NVMI)
- Baron Global Advantage Fund ($NVDA, $DDOG, $ILMN, $LOAR, $NU, $NET, $MELI, $GLOB, $DAVA, $TSM)
- Impax US Sustainable Economy Fund ($ORCL, $AVGO, $NVDA, $LLY, $MRK, $PGR)
- Kovitz Core Equity Strategy ($TMO, $MSFT, $ORCL, $META, $ADI, $MSI, $BDX, $HAS, $FND, $FI)
- Giverny Capital Asset Management ($GOOG, $FI, $PGR, $KNSL, $MTB)
- Artisan Partners Mid Cap Fund ($PLTR, $BKR, $ARGX, $SNOW, $RBLX, $RBC, $BWXT, $DUOL, $IOT, $CMG, $SAIA, $DKS, $TW, $HOOD, $LSCC, $TEAM, $SPOT)
- Third Avenue Management Real Estate Value Fund ($PLD, $WCC, $SKY)
- Diamond Hill Capital Large Cap Fund ($FERG, $RRX, $TXN, $DIS, $ADBE, $AON, $BRK-B, $KMX, $COP, $FANG)
- Third Avenue Management Small-Cap Value Fund ($MYRG, $CTLP, $VC, $SUPN)
- RS Large Cap Value Strategy ($CACI, $CPAY)
- Miller Value Partners Deep Value Strategy ($NBR, $GCI, $TPC, $JELD)
- Baron Small Cap Fund ($VRT, $NEOG, $HNGE, $UTZ, $ICLR, $ASGN)
- Springview Capital Management ($SEG, $MCY, $WS, $HOOD)
- Ace River Capital ($RICK, $VOXR, $HZO)
- O’Keefe Stevens Advisory ($CMP)
- Baron Real Estate Income Fund ($SMA, $BXMT, $IRM, $HST, $WY, $ADC)
- Praetorian Capital ($JOE)
- Matrix Asset Advisors ($AMAT, $UNH, $FI)
- Meridian Growth Fund ($HALO, $ZD, $DKNG, $FSS, $CW, $COO)
- Alluvial Capital Management ($SENEA, $TLN, $NLOP, $PKST, $CBL)
- Kathmandu Capital ($OMAB, $GCT, $UI, $ACMR, $KSPI)
- Jackson Peak Capital ($TTAN, $META)
- Legacy Ridge Capital Partners ($PII)
- JDP Capital Management ($SPOT, $BABA)
- Upslope Capital Management ($FCN,$EVR)
- SouthernSun SMID Cap Strategy (APG, BOOT, $MSA)
- Diamond Hill Capital Small-Mid Cap Fund ($RRR, $WCC, $COOP, $GTES, $NSP, $CIVI, $ICLR, $ASH, $GNRC, $POST, $FCN, $ALK, $CCS, $TGB, $KNF)
- RGA Investment Advisors ($CRSP, $PTON, $WDAY, $ROKU, $PYPL, $MTN)
- Gator Capital Management ($WEX)
- Atai Capital Management ($CABO, $ALOT)
- FPA Queens Road Small Cap Value Fund ($REVG, $IDCC, $UGI, $SFM, $IMKTA, $NNI, $CSGS, $PVH, $THS, $AAP, $SCHL, $VSH)
- Immersion Investment Partners ($MAMA)
- Greenhaven Road Capital ($SOC, $BUR, $LFCR, $CLBT, $ASTS, $PAR, $KKR)
- Meridian Small Cap Growth Fund ($PACK, $MIR, $TPB, $NPKI, $VNOM, $AXGN)
- Baron Opportunity Fund ($TTD, $MSFT, $AVGO, $AAPL)
- Polen Capital Global Growth Strategy ($SBUX, $GLOB)
- Carillon Eagle Small Cap Growth Fund ($BRBR, $ATI, $WWD, $SHAK, $AVAV, $BOOT, $ARIS, $VNOM, $CLBT, $MMSI)
- Artisan Partners Value Fund ($LRCX, $SLB, $FANG, $PM, $DG, $TMO, $ASML, $BKNG, $META)
- Choice Equities Capital Management ($GENI, $MGNI)
- Longleaf Partners Small-Cap Fund ($OSCR, $BATRK, $PCH, $SAM, $WEST)
- Baron Durable Advantage Fund ($META, $GOOG, $MA, $TXN, $CME, $TXRH, $DHR, $WELL, $MPWR, $INTU)
- Ariel Investments Small Cap Value Strategy ($ZBRA, $WEX, $FAF, $OSW, $LIND)
- Artisan Partners Small Cap Fund ($FLEX, $MTSI, $IRTC, $WING, $CWAN, $TTAN, $STVN, $FRSH, $IOVA, $GWRE, $HALO, $MDGL, $BIRK)
- Munro Global Growth Fund ($NVDA, $MSFT)
- Burke Wealth Management ($NVDA, $SNOW, $BWXT, $UBER, $ABNB, $NVO)
- GreensKeeper Asset Management ($NVO, $BRK-B, $AXP, $FI, $GOOGL)
- 1 Main Capital Partners ($MCFT, $SSUP)
- Meridian Hedged Equity Fund ($VST, $MSFT, $HUN, $CVX, $MGM, $KVUE)
- Baron FinTech Fund ($INTU, $HOOD, $V, $FI, $FICO, $PGR)
- Carillon Eagle Growth & Income Fund ($ABBV, $CVX, $TMUS, $JPM, $UNH)
- ClearBridge Investments Mid Cap Growth Strategy ($PLTR, $RBLX, $HLT, $VST, $CVNA, $MELI, VTW, $AXON)
- Voss Capital ($GENI, $CLBT, $FIVN, $PHIN, $PRKS)
- Aoris International Fund ($APH, $MSFT, $CPRT, $ACN, $JKHY)
- Artisan Partners Mid Cap Value Fund ($CABO, $G, $CDW, $ALGN, $KR, $FERG, $PINS, $NVT, $LKQ, $LINE)
- First Eagle Global Fund ($ORCL, $META, $BDX, $TSM, $SLB, $ELV, $BABA, $WTW)
- Conventum – Alluvium Global Fund ($BABA, $RYAAY, $DKS, $AN, $GPI, $THO, $RHI, $LYB, $LBRDK, $CHTR)
- Schafer Cullen Capital Management Enhanced Equity Income Fund ($PCAR, $COP, $PPG, $NSC, $DOW, $JCI, $CVX, $RTX)
- Hayden Capital ($SMRT)
- Prosper Stars & Stripes ($MGNI, $AGYS, $TKNO, $PACK, $HELE, $AZTA, $SPHR, $FTAI, $TATT, $KRMN, $LASR, $BIO, $EXPO)
- Clearbridge Investments All Cap Growth Strategy ($VRTX, $NVO, $ALNY, $SNPS, $MDB, $PLTR)
- Janus Henderson Forty Fund ($ORCL, $MA, $UNH, $HWM, $AVGO)
- Carillon Eagle Mid Cap Growth Fund ($VST, $PLTR, $AXON, $RCL, $NET, $BKR, $OKTA, $SRPT, $RYAN, $RH)
- Loomis Sayles Growth Fund ($NFLX, $NVDA, $ORCL, $VRTX, $TMO)
- Wasatch Global Investors Core Growth Fund ($SAIA, $WING)
- Long Cast Advisers ($CCRD, $QRHC)
- Loomis Sayles Small Cap Value Fund ($TLN, $TTMI, $LMB, $SNDK, $MAGN, $SKY)
- Brown Advisory Small-Cap Growth Strategy ($SITM, $BWXT, $NOVT, $NEO, $MCW, $CW, $HQY)
- Pershing Square Holdings ($GOOG, $UBER, $BN, $AMZN, $NKE, $HHH, $CMG, $HTZ, $CP, $QSR, $HLT)
- Riverwater Partners Micro Opportunities Strategy ($LEU, $ARIS, $ABEO, $TILE)
- Riverwater Partners Sustainable Value Strategy ($LMNR, $GFF, $MSA, $ECG)
- Silver Beech Capital ($SWX, $FRFHF)
- Riverwater Partners Small Cap Strategy ($MGNI, $KNF, $ATRC, $HSTM, $VSTS)
- SaltLight Capital Management ($GOOGL, $BN)
- Brown Advisors Large-Cap Growth ($MSFT, $NFLX, $PGR, $ZTS, $UBER, $NOW, $WST, $NVDA, $SPGI, $FICO, $TTD, $DKNG)
- Brown Advisors Mid-Cap Growth Strategy ($GWRE, $PINS, $FIX, $VOYG, $MRVL, $ENTG, $NET)
- Carillon Scout Mid Cap Fund ($PWR, $CLS, $MAA, $LKQ, $COKE, $GEV, $ZBH)
- Renaissance Investment Management Large Cap Growth Strategy ($AVGO,$FIX, $DT, $TMO, $APH, $FI, $AAPL)
- Sound Shore Fund ( $TEVA, $HOLX, $FLEX, $AES, $DIS)
- TimesSquare Capital Management U.S. Focus Growth Strategy ($APH, $HUBS, $EME, $VEEV, $CRWD)
- TimesSquare Capital Management U.S. Small Cap Growth Strategy ($OLLI, $BOOT, $WRBY, $BJ, $WH, $FIX, $MGY, $WHD, $GTLS, $EE, $PAY, $VCTR, $INSM, $VRNA, $ADUS, $STVN, $IRTC, $INSP, $KRYS, $PJT, $VCEL, $PCVX, $GRDN, $RRD, $EXPO, $PRSU, $ROAD, $KTOS, $CRDO, $TTAN, $INTA, $WK, $CWAN, $BRZE, $KLIC, $ONTO)
- Loomis Sayles Small/Mid Cap Growth Fund ($FLOC, $ATI, $CRCL, $BWXT, $CWAN)
- Rewey Asset Management ($DCO, $OFIX, $LAKE)
- The Brown Capital Management Small Company Fund ($DDOG, $GWRE, $TECH, $RXST, $HLIO, $VICR)
- ClearBridge Investments Small Cap Strategy ($MUSA, $OXM, $CRTO, $ATEX, $VRNA, $UMBF, $ABL, $AGCO)
- Optimist Fund ($CVNA, $TDUP, $RVLV, $W)
- Sands Capital Select Growth Strategy ($CVNA, $UBER, $AJG, $RARE, $AVGO, $SHOP, $V, $RBLX)
- Sands Capital Global Growth Strategy ($NET, $MELI, $ONON, $NKE, $BLDR, $ICE, $ABNB, $CSL, $AXON)
- ClearBridge Investments Growth Strategy ($AXON, $HWM, $CRL, $JCI, $HOOD, $SHW)
- Ariel Global Fund ($JD, $SNY, $BBVA, $ZBH, $FSLR, $DIS)
- ClearBridge Investments Select Strategy ($HQY, $VRT, $FIX, $VRSK, $CAI, $NOW, $LSCC, $QRVO, $PEN, $PODD, $APP)
- Madison Small Cap Fund ($CCOI, $WMS, $SHAK, $LZ, $THG, $HLMN, $HAIN)
- Macquarie Core Equity Fund ($HWM, $PGR, $TSM, $AVGO, $PG, $BRK-B, $ETN, $NVDA, $AAPL, $AZO, $NFLX, $VMC, $AMD, $FI)
- Broyhill Asset Management ($FI, $IQV, $PM, $DLTR, $AVTR)
- Madison Mid Cap Fund ($APH, $MEDP, $ANET, $MCHP, $FND, $MKSI, $DLTR, $BF-B)
- Renaissance Investment Management Small Cap Growth ($CRDO, $GDYN, $ADMA, $PD)
- Macquarie Large Cap Growth Fund ($UNH, $MSFT, $WCN, $LLY, $LVMUY)
- Summers Value Partners ($INSP, $DERM)
- Brown Advisory Global Leaders Strategy ($INTU, $TSM, $ILMN, $GE, $AZO)
- Arquitos Capital Management ($LQDA)
- L1 Long Short Fund ($HBM, $NXE)
- Apis Offshore Capital ($MGNI)
- Peterson Investment Fund I ($BRK-B, $BABA)
- Alger Spectra Fund ($NVDA, $MSFT, $UNH, $AAPL, $GLOB, $META)
- Columbia Threadneedle Global Technology Growth Strategy ($NVDA, $MSFT, $AAPL, $FI, $TMUS, $AVGO, $GPN, $HOOD, $ORCL)
- Mairs & Power Balanced Fund ($UNH, $TECH, $TTC, $FAST, $WEC, $GOOG, $AMZN, $FI, $WFC)
- Baron Growth Fund ($RRR, $GLPI)
- Montaka Global Investments ($KKR, $SPOT, $FND, $BX)
- Alger Weatherbie Specialized Growth Fund ($UPST, $NEOG, $RXO, $NEO, $STRL)
- Parnassus Mid Cap Growth Fund ($JBHT, $ALC, $ALNY, $CSGP, $RCL, $SN, $SARO)
- PGIM Jennison Health Sciences Fund ($VRNA, $ALNY, $NBIX, $UNH, $LLY, $BMY)
- Columbia Seligman Global Technology Fund ($LRCX, $PLTR, $ADBE, $BE, $MRVL)
- Bretton Fund ($UNH)
- The Brown Capital Management International All-Company Strategy ($MELI, $ICLR)
- Fidelity Growth Strategies Fund ($HOOD, $ZS, $COIN, $HWM, $AXON)
- Heartland Opportunistic Value Equity Strategy ($AMAT, $SXT)
- Meridian Contrarian Fund ($CCJ, $BWXT, $NVTS, $SG, $PACK, $QDEL)
- Lakehouse Global Growth Fund ($MELI, $SE, $SPOT, $LVMUY, $GOOG)
- Artisan Partners Select Equity Fund ($ARMK, $ELV, $BRK-B, $AXTA, $IQV)
- Baird Chautauqua International and Global Growth Fund ($RYAAY, $MU, $BEKE, $ONC, $REGN, $NVDA, $WCN, $FRFHF)
- Artisan Global Discovery Fund ($ARIS, $GDDY)
- Loomis Sayles Small Cap Growth Fund ($STRL, $KTOS, $ROAD, $GDYN, $MMSI)
- Loomis Sayles Global Growth Fund ($MELI, $TCOM, $YUMC)
- Diamond Hill Capital Select Strategy ($BAC, $LULU, $CRM, $COHR, $AR)
- TimesSquare Capital Management U.S. Mid Cap Growth Strategy ($SAIA, $CRS, $FROG, $HOOD, $EVR, $CW)
- TCW Relative Value Mid Cap Fund ($EA, $RNR, $URBN, $ASO, $UAL)
- Crossroads Capital Investment Partners ($NBIS, $NTDOY, $FTAI, $ASTS)
- Recurve Capital ($CVNA, $CCOI, $RH)
- Clearbridge Investments Global Value Improvers Strategy ($MCHP, $ORCL, $UBER, $CORT)
- ClearBridge Investments Small Cap Growth Strategy ($UTI, $BOOT, $RYTM)
