We will be sharing Q3 2020 hedge fund investor letters in this article.
Letters and Updates
- Palm Valley Capital ($CRD, $PTVCB, $KELYA, $SCHL, $AMRK, $CFFN, $DNOW)
- Andaz Private Investments ($DISCA, $SDGR)
- Oakmark Funds’ Bill Nygren ($WFC, $ZM)
- Ensemble Fund ($CMG, $NTDOY, $NVR, $FRC, $BR, $GOOG, $ISRG)
- VLTAVA Fund ($CVS)
- Distillate Capital ($AAPL)
- Black Bear Value Partners ($BRK.B, $TPL $PSX, $AN, $AWI)
- McLain Capital ($SNOW, $TAP)
- Worm Capital ($NKLA, $TSLA)
- Eschler Asset Management ($MAXR)
- Spree Capital ($IAC, $PINS)
- Argosy Investors ($CIGI, $HEI, $SLQT, $XPO, $TAP, $TIG)
- Summers Value Partners ($ASRT, $PRSC, $ELMD, $EMIS)
- Wedgewood Partners ($V, $PYPL, $FRC, $NVDA, $EW, $ALC, $FB, $AAPL, $EA, $KEYS)
- Cooper Investors ($ICE, $BSY, $PAYC)
- Cedar Creek Partners ($PCOA, $SCHW, $DHIL, $PIOE, $SODI)
- Laughing Water Capital ($FREE, $USAT)
- Curreen Capital ($MFGP, $BLD, $KTB, $CNDT)
- Upslope Capital ($BFAM)
- Polen Global Growth ($ABT, $BABA, $PYPL, $EL, $ADSK, $ADP)
- Alluvial Capital Management ($EACO, $PIOE)
- Bonsai Partners ($MU, $ILMN, $TSM, $LKQ)
- Giverny Capital ($LBRDA, $ANET, $CACC, $KMX)
- Nomadic Value Investment Partners ($OSH, $UNH)
- White Brook Capital ($GT)
- Steel City Capital ($OLLI, $HBI, $TRUP, $TCP, $EBAY, $SATS, $ATEX, $LSYN)
- Tao Value ($BEKE, $API, $SE, $WORK, $PDD, $GILD)
- First Eagle ($TSM, $XOM, $NOV, $SLB, $IMO, $BK, $CMCSA, $CHRW, $DE)
- Gator Capital Management ($CNOB, $FFIC, $PFSI)
- Miller Value Partners Opportunity Equity ($CVS, $REAL, $AYI, $RKT, $UBER, $FLXN, $PGEN, $TEVA, $BABA, $LMND, $FTCH)
- Miller Value Partners Income Strategy ($APO, $CHS, $CC)
- Miller Value Partners Deep Value Strategy ($NBR, $SIG, $PBI, $ATCO)
- Greenhaven Road Capital ($BNED, $AEYE, $NLS, $ROKU, $ESTC, $KKR, $PAR, $APPS)
- Maran Capital ($FREE, $PCYO, $CLAR)
- Alta Fox Capital ($CLCT)
- Silver Ring Value Partners ($LILA, $QRTEA, $CTHR)
- Artko Capital ($FTK, $PBPB, $NTIC)
- Greystone Capital ($RSSS, $PW, $RICK, $RMNI, CRAWA)
- Donville Kent Asset Management ($ATGN)
- Forager Funds ($APG, $LPRO)
- Arquitos Capital ($SYTE, $MMAC)
- Blue Tower Asset Management ($BERY, $FONR)
- Third Avenue Value Fund ($KFY)
- Polen Focus Growth ($REGN, $CRM, $ADP, $ISRG, $UNH)
- Polen U.S. SMID Company Growth ($TXRH, $FIVE, $IDXX, $GSHD, $AZPN, $HLI, $ALRM, $APPF, $EPAM, $TTD, $GNRC)
- Polen U.S. Small Company Growth ($LMAT, $MBUU, $AMN, $GLOB, $FND)
- Rhizome Partners ($DD, $BERY, $GRIF)
- Mittleman Brothers ($AMC, $REV, $IGT)
- 1 Main Capital ($LMB)
- Avenir Capital ($CI, $CHTR)
- Merion Road Capital Management ($TUESQ)
- Horizon Kinetics ($TPL)
- Bonhoeffer Capital Management ($MMAC)
- Rowan Street Capital ($BABA)
- Baron Discovery Fund ($PENN, $SILK, $VITL, $EBS, $KNSL, $ESPR, $INGN, $APLT, $AAT, $BHVN, $PRPL, $PACB, $BLI, $AFIB, $MEG, $AEIS, $TDOC)
- Baron Partners Fund ($TSLA, $Z, $CSGP, $IDXX, $MTN, $MANU, $GWRE, $DEI, $SPOT)
- Baron Asset Fund ($MTD, $TFX, $TECH, $ZI, $ILMN, $GH, $WST)
- Baron Growth Fund ($AMWL, $CNS)
- RiverPark Large Growth Fund ($PINS, $TWTR, $AAPL, $AMZN, $EXAS, $ISRG, $ILMN, $ADSK, $AMT, $BX, $APO)
- Baron Health Care Fund ($ABT, CYRX, $SDGR, $ALEC, $NBIX, $DRNA, $XLRN)
- Baron Opportunity Fund ($TSLA, $SNOW, $BABA, $AMZN, $GOOG, $PINS)
- Bernzott Capital Advisors ($SSTK, $INOV, $WSC, $EPAY, $SP, $CSOD)
- Choice Equities Capital Management ($APPS, $PINS, $MGNI, $SIC)
- Brown Capital Management Mid Company Fund ($CRL, $BFAM, $JKHY, $RP)
- Brown Capital Management Small Company Fund ($IRTC, $VEEV, $AYX, $PRO)
- Longleaf Partners Fund ($FDX, $MAT, $CARR, $CMCSA, $AMG, $GE)
- Oakmark Fund ($CBRE, $KDP)
- Del Principe O’Brien Financial Advisors ($ROP, $DHR, $MA, $ICE, $BRK.B)
- Heartland Mid Cap Value Fund ($HLT, $SPB, $FE, $MHK)
- Heartland Value Plus Fund ($RL, $FCFS)
- Heartland Opportunistic Value Fund ($CSCO, $BRK.B)
- Heartland Value Fund ($TSC, $OESX, $PLAB)
- Longleaf Partners Small-Cap Fund ($RLGY, $LAZ, $GHC, $ESRT, $KODK)
- Wasatch Core Growth Fund ($DOCU, $FIVN, $AVLR, $FND, $POOL, $MNRO, $HQY, $CNS)
- Wasatch Micro Cap Fund ($LPRO, $SILK, $BLFS, $INO, $PAYS, $GAN)
- Wasatch Small Cap Growth Fund ($KRNT)
- Cartenna Capital ($FDX, $LAD, $LEA)
- Alger Mid Cap Focus Fund ($PENN, $ZM, $DKNG, $VAPO, $MIDD, $VERX)
- Alger Small Cap Focus Fund ($NTRA, $CYRX, $AYX, $VEEV, $PRO, $EHTH)
- Alger Spectra Fund ($AAPL, $BABA, $CRM, $VRTX, $GWPH, $BMRN)
- Horos Asset Management ($QIWI, $AER, $GLNG, $STKS)
- Carillon Eagle Mid Cap Growth Fund ($PINS, $AMD, $CRWD, $PTON, $TWTR, $PRSP, $BMRN, $SPLK, $COHR, $RMD)
- FPA Capital Fund ($NCR $AGCO, $VNOM, $CNC)
- Ewing Morris ($KAI)
- L1 Capital Long Short Fund ($BBBY, $TECK, $NWS)
- L1 Capital International Fund ($BKNG, $NKE, $AMZN, $INTU)
- Fiduciary Management All Cap Equity Fund ($CMCSA, $DLTR)
- Fiduciary Management Small Cap Equity Fund ($PLXS, $TRS)
- Fiduciary Management International Equity Fund ($CB)
- Greenlight Capital Fund ($GRBK, $SNX, $$NCR)
- Weitz Hickory Fund ($FRC)
- Alphyn Capital ($IAC)
- Madison Dividend Income Fund ($HON)
- Madison Mid Cap Fund ($ANET)
- Madison Small Cap Fund ($ETSY, $MGNI)
- Ariel Investment ($BOKF, $FLIR, $KKR, $ZBRA, $MDP, $SLCA, $PGR, $CRL, $CCL, $MSGN)
- Artisan Global Discovery Fund ($GXI, $RWE.DE, $RP, $OLLI, $ZM, $ZS, $ZNGA, $CCC)
- Cooper Investors ($PAYC, $BSY, $HDB, $ICE)
- Oakmark Select Fund ($C, $QRTEA, $HCA)
- Tidefall Capital Management ($FB, $MTCH, $NFLX)
- Nelson Roberts Investment Advisors ($VTR, $CHWY, $GILD, $TT, $ADBE, QDEL, $GOOG, $IRM)
- Old West Investment Management ($LEU)
- Third Avenue Management Small-Cap Value Fund ($G, $CKH, $CUBI, $WASH, $MYRG, $ICFI, $ATNI, $ALG)
- Third Avenue Management Real Estate Value Fund ($WY, $RYN, $VNO, $FPH, $PLD, $BAM, $UHAL, $LEN, $AMH, $PSA)
- Tollymore Investment Partners ($FTCH, $TRIP, $TRUP)
- Vulcan Value Partners ($CSGP, $NVDA)
- Vulcan Value Partners Small Cap Composite ($CW, $ABM, $CWK)
- Wasatch Small Cap Value Fund ($ENSG, $EGBN, $MNRO, $IOSP)
- Wasatch Micro Cap Value Fund ($INO, $SITM, $LPRO, $OPRX, $PAYS, $ASPU, $BLFS)
- Weitz Partners III Opportunity Fund ($FIS, $LXSMA, $QRTEA)
- Weitz Partners Value Fund ($FRC)
- Weitz Value Fund ($FIS)
