We will be sharing Q4 2021 hedge fund investor letters in this article. You can also see the hedge fund investor letters for 2021 Q3, 2021 Q2, 2021 Q1, 2020 Q4, and 2020 Q3 by clicking the links.
Hedge Fund Investor Letters and Updates for 2021 Q4
- Vltava Fund ($MGA, $LMT, $WLTW, $TGP, $LH, $WSM, $UNP)
- Palm Valley Capital Management ($DRQ, $PSLV, $CRD-A/CRD-B, $CTRA, $THS, $SSRM)
- Comus Investment ($RIVN)
- St. James Investment Company ($IBM)
- Guardian Fund ($SPOT, $AAPL, $SNOW, $GOOG, $NET, $SHOP)
- Oakmark Funds Bill Nygren Market Commentary ($NFLX, $GM, $FISV, $GOOG)
- Wedgewood Partners Focused SMID Cap Strategy ($FRC)
- Clark Street Value ($RHE, $BBXIA, $JXN, $NXDT, $PFX, $HHC, $ACEL, $SNDA, $ONL, $RVI, $JCS, $LGL, $CPLG, $FBRT, $LYLT, $FRG, $DBRG, $GRBK, $INDT, $LBRDK, $MPC, $AFHIF, $LRFC, $THNPY, $LUB, $ADES, $LAUR, $PFSW, $IOR, $ARL, $TCI, $BRG, $NTP, $HMG)
- Fundsmith Equity Fund ($AMZN, $BF, $UL, $PYPL)
- Akre Capital Management ($V, $MA, $CSGP)
- Stewart Asset Management ($AMZN)
- Fiduciary Management International Equity Fund ($PHG)
- Andvari Associates ($V, $MA, $NOVT)
- Cooper Investors Global Equities Fund ($IQV, $SONY, $WMG, $TMX, $FISV, $ATVI, $TFX)
- Baron Asset Fund ($AVLR, $FDS, $SFIX, $VRSN, $ANSS, $IT, $MTD, $Z, $ZI, $SCHW, $WIX, $WST, $PINS, $RIVN, $VEEV)
- Aikya Investment Management ($BABA)
- Curreen Capital ($JXN, $CNDT)
- Wedgewood Partners ($TSCO, $MSFT, $MSI, $AAPL, $KEYS, $EA, $FB, $PYPL, $V, $BKNG, $TPL)
- East 72 ($TSLA)
- TGV Partners Fund ($IBKR, $TCX)
- Claret Asset Management ($RIVN, $MSFT, $HOOD, $TSLA)
- Baron Discovery Fund ($FORG, $DAVA, $HYFM, $TPIC, $RRR, $ENFN, $BYD, $ACCD, $CDNA, $EVBG, $NVTS, $NVMI, $REXR, $KNSL, $SMRT, $ACVA, $JBGS, $DH, $RVNC, $BASE)
- Ensemble Capital ($COST, $NVR, $RACE, $HD, $BL, $NFLX, $ILMN)
- Longleaf Partners Small-Cap Fund ($CNX, $MSGS, $KODK, $LUMN, $RNR, $MAT, $H, $RLGY)
- Alluvial Capital Management ($LICT, $GTX, $CRAWA, $PX)
- Rowan Street Capital ($NFLX, $DOCU, $TTD, $FB, $SPOT)
- Massif Capital ($GSL)
- Alger Mid Cap Focus Fund ($NET, $AMD, $VCRA)
- Alger Spectra Fund ($PYPL, $MSFT, $MQ, $UPST, $TSLA, $AAPL)
- Alger Weatherbie Specialized Growth Fund ($BSY, $TASK, $BILL, $SITE, $SBNY, $MEG, $CHGG, $NTRA, $EVBG)
- Alphyn Capital ($GOOG, $AMZN, $FRFHF, $IAC, $W, $OACB)
- Oakmark International Fund ($CNHI)
- Blue Tower Management ($CNR)
- Heartland Mid Cap Value Fund ($EXPE, $DLTR, $EHC, $PPG)
- Heartland Value Fund ($BRY, $PLAB, $PRGO, $CCBG)
- Giverny Capital ($CIEN, $CACC, $JPM, $IIVI, $GOOG, $ANET, $SCHW, $PGR, $HEI, $FB, $KMX, $FRC)
- Oakmark Global Select Fund ($BABA)
- Oakmark Global Fund ($JCI, $DDAIF)
- Oakmark Fund ($WTW, $TTWO, $BWA)
- O’Keefe Stevens Advisory Inc ($INTC, $TGP-PA)
- Weitz Investment Management ($FNF, $MA, $V, $CSGP, $DNB, $AMZN, $MKTX, $FB, $GOOG, $LBRDA, $LSXMA)
- Greenhaven Road Capital ($TDOC, $ESTC, $KKR, $PAR, $APPS, $CLBT)
- Greenlight Capital ($FUBO, $AER, $ODP, $CPRI, $GPN, $DNMR, $TECK, $RIVN, $BRBK, $BHF)
- VGI Partners ($AMZN, $MA, $CME, $PINS, $XM, $IAC, $VMEO, $ANGI, $LOGI, $OTIS, $IAC, $MA, $XM)
- Arch Capital Management ($SPOT, $SFM, $NNI, $TTWO, $MTCH, $HRBR, $MTCH, $TTWO)
- Maran Capital ($CDRE)
- Miller Deep Value Strategy’s Investor Letter ($CHS, $ENDP, $NBR, $GCI, $CNDT)
- Miller Income Strategy’s Q4 2021 Investor Letter (Inflation and Monetary Policy, $APTS, $CC, $APO, $SCU, $OMF)
- Miller Opportunity Equity’s Q4 2021 Investor Letter ($PTON, $FTCH, $OVV, $PHM, $JPM, $DAL, $NCLH, $TMHC, $MTTR, $FANG, $SFIX, $SPLK)
- Heartland Advisors ($KN, $TRS)
- Madison Dividend Income Fund ($CVS)
- Palm Capital ($CRM, $CNSWF)
- Summers Value Partners ($PLXP, $NOTV, $UFPT, $UTMD, $MODV)
- Weitz Investment Management Hickory Fund ($LKQ, $AZN, $LBRDK, $DNB, $BKI, $GWRE, $CSGP, $QRTEA, $CHTR, $T, $AZO)
- Weitz Investment Management Partners III Opportunity Fund ($GOOGL, $BRK-B, $FIS, $CSGP, $SCHW)
- Weitz Investment Management Value Fund ($ACN, $LBRDK, $GOOGL, $FIS, $CSGP, $VMC)
- Weitz Investment Management Partners Value Fund ($VMC, $MLM, $ACIW, $LILA)
- Third Avenue Management Real Estate Value Fund ($IVT, $CTT)
- Third Avenue Management Small-Cap Value Fund ($FRPH, $FPH, $MSGE, $BATRA, $IVT, $TPH, $ATNI)
- RiverPark Large Growth Fund ($PINS, $ZG, $EXAS, $TWTR, $RNG, $PYPL, $SQ, $FTCH, $TWLO, $SNAP, $ILMN, $SOFI, $UBER, $SHOP)
- Bernzott Capital Advisors ($TREE, $WSC, $HI, $UPLD, $EPAY, $CMP, $JRVR, $INOV, $SSTK, $ATIP)
- Smead Capital Management ($DISCK)
- Saga Partners ($AMZN, $BRK-A)
- Greystone Capital Management ($IDT, $HMHC, $GOED, $RICK)
- Carillon Eagle Mid Cap Growth Fund ($ESTC, $CZR, $CRWD, $PINS, $DOCU, $GWW, $SNPS, $AMD, $MRVL, $POOL)
- Alger Small Cap Focus Fund ($HSKA, $GENI, $EVBG, $SMAR, $CPRI, $TREX)
- L1 Capital Long Short Fund Limited ($QRNNF, $PTON, $WFC, $TECK, $NWSA, $CVE, $BBBY)
- Carillon Eagle Small Cap Growth Fund ($SPT, $PENN, $ASAN, $GTLS, $EVBG, $SMPL, $SUM, $EGP, $SLAB, $CCMP)
- L1 Capital International Fund ($CRH, $AMZN, $LPRO, $INTU, $EXP)
- Baron Small Cap Fund ($SG, $HQY, $DKNG, $PENN, $RPAY, $NVEI, $SITE, $ICLR, $IBP)
- Baron Growth Fund ($IRDM, $PEGA, $VLD, $ALTR, $TREX, $GWRE, $ACGL, $CSGP, $SDGR, $DNLI, $CHH, $MORN, $MIR, $WRBY)
- Upslope Capital Management ($CASY, $CBOE, $MKTX)
- MPE Capital ($SQSP)
- Steel City Capital ($CVNA, $ATEX, $SXC, $GDOT, $LSYN)
- Merion Road Capital Management ($RCKY, $LNSR, $LEAT, $ATVI, $FERG)
- SRK Capital ($HROW, $TTSH, $NNUP)
- Mittleman Brothers Investment Management ($IGT, $REV)
- Nordstern Capital ($STNE)
- Polen Focus Growth ($DOCU, $CRM, $PYPL, $GOOG, $ABT, $ACN, $MSFT)
- Polen Global Growth ($SBUX, $V, $ADSK, $ALGN, $ADDYY, $ICLR, $TME, $BABA, $FB)
- Polen International Growth ($GLOB, $MDT)
- Artisan International Value Fund ($WTW, $DANOY, $FMS, $BABA, $ACGL, $ING)
- Hayden Capital ($SE)
- Ewing Morris Investment Partners ($GOGO, $CDR)
- Silver Ring Value Partners ($DISCK, $PETS, $SFM, $CTHR)
- Arquitos Capital Management ($SYTE, $ALJJ, $NTP)
- Desert Lion Capital ($KARO)
- Laughing Water Capital ($FREE, $HMHC, $PAR, $TACT, $THRY)
- Emeth Value Capital ($BUR)
- Third Point Management ($INTC, $RIVN, $ACN, $PSFE, $AMZN)
- Pershing Square Capital Management ($FNMA, $QSR, $FMCC, $DPZ, $CMG, $HLT, $LOW, $NFLX, $PSTH, $HHC)
- Broyhill Asset Management ($MSGE, $BUD, $ABEV, $MCK, $DLTR, $CAR)
- Artisan Mid Cap Fund ($DDOG, $ANET, $GPN, $ROKU, $CHGG, $IR, $W, $ON, $PTON, $SPOT, $AZTA, $FROG, $BFAM, $GLBE, $YETI, $ASND, $DXCM, $TEAM)
- Legacy Ridge Capital Management ($SMLP)
- Rhizome Partners ($ASPU, $FRFHF, $UNVR, $HQI, $CCRN, $HHC, $FPRH)
- RLT Capital ($GM)
- Artisan Small Cap Fund ($BIGC, $WK, $IRTC, $CDMO, $ARGX, $ZNGA, $NEO, $LPSN, $HALO)
- Artisan Value Fund ($CE, $DIS, $V, $BX, $GOOG, $ACGL, $CME, $CMCSA, $PHG)
- Diamond Hill Small Cap Fund ($NTUS, $HY, $SRCL, $ASH, $RCKY, $ERII, $JOUT, $RHP, $SEB, $CTRA, $LOB, $GRBK, $LYV, $RRR)
- Longleaf Partners Fund ($DISCA, $CNHI, $MGM, $AMG, $RIVN, $COIN, $DOCU, $LBRDA, $CMCSA, $BIIB, $FRFHF, $H)
- Longleaf Partners Global Fund ($CS, $TIGO, $WMB, $LUMN)
- Harding Loevner Emerging Markets Equity Fund ($ABEV, $XP, $YNDX, $BABA)
- Long Cast Advisers ($SOTK, $SNES)
- Longleaf Partners International Fund ($BABA, $EXXRF, $DPZ)
- Longleaf Partners Small-Cap Fund ($KODK, $RNR, $RLGY, $LAZ)
- Harding Loevner Global Small Companies Equity Fund ($OLLI, $HCSG, $PRLB, $ABMD, $RGEN, $SBNY, $SLP, $ALTR)
- Harding Loevner Global Equity Fund ($MELI, $ALGN, $EW, $HDB, $VRTX, $PYPL, $GOOG)
- Harding Loevner International Equity ADR Fund ($BBVA, $RHHBY)
- LRT Capital Management ($ABG, $CACC, $CIGI, $RGEN, $TPL, $HXL, $NVO, $MAR, $DPZ, $WSO)
- Wasatch Core Growth Fund ($OLLI, $LPRO, $TREX, $MORN, $POOL)
- Richie Capital Group ($ABT, $TTD, $FREE, $PAR)
- FPA Queens Road Small Cap Value Fund ($SWM, $SAIC, $CNXC, $FN, $AEL, $SFBS, $SYNA, $THS, $SAIC, $HMN, $EQC, $MTG)
- Wasatch Micro Cap Fund ($CSTL, $MSGM, $CCXI, $TRNS, $NPTN)
- Wasatch Micro Cap Value Fund ($RDVT, $BWMN, $PI, $TCMD, $LPRO)
- Shadowridge Value ($RDFN)
- Wasatch Small Cap Growth Fund ($HQY, $FRPT, $MEDP, $ITCI, $BOOT, $FND)
- Wasatch Small Cap Value Fund ($OLLI, $SKY, $NSA, $NVMI, $VSH, $RUSHA, $KAI, $AIMC)
- Saturna Capital Amana Funds ($NKE, $MSI, $PEP, $UPS, $JCI, $NVO, $LLY, $NVDA, $TSM, $AAPL, $BMY, $XOM, $MA, $TPIC, $MSFT)
- Argosy Investors ($FSV, $DFH, $LESL, $AGIL, $CURV)
- Nitor Capital ($JOE)
- Alta Fox Capital ($IDT)
- Gator Capital Management ($GNW, $ACT, $AMBC, $PFSI, $RLGY, $VCTR)
- Cedar Creek Partners ($PX, $CCUR, $BMTX, $NNUP, $SODI, $WCRS)
- Polen Global Emerging Markets Growth ($MELI, $KARO)
- Headwaters Capital ($BSY, $TRNS, $CRNC, $CDLX)
- Bireme Capital ($TME, $AFRM, $TSLA)
- Polen Global SMID Company Growth ($RH, $PAYC, $HELE)
- Polen International Small Company Growth
- Polen U.S. Small Company Growth ($WRBY, $BIGC, $ETSY, $GSHD, $PCTY)
- Baron FinTech Fund ($EPAM, $ACN, $BLK, $CME, $HLI, $SQ, $INTU, $SPGI, $DLO, $LPLA, $EXFY, $CINT, $SOFI, $FOUR, $PAYA, $GDYN, $TW)
- Donville Kent Asset Management ($NGMS)
- Andaz Private Investments ($RKT)
- Baron Partners Fund ($TSLA, $H, $GDS, $MANU, $ATVI, $RNG)
- Tidefall Capital ($FRFHF)
- Evermore Global Advisors ($CLMT, $ENZ)
- Artko Capital ($PBPB, $HQI, $ECOLW, $NTIC, $SHYF, $GAIA, $ACFN, $RSSS, $GBLI, $REPH, $FTK)
- Saltlight Capital ($AMZN, $SE, $TME)
- Baron Opportunity Fund ($OPEN, $SHOP, $FIGS, $CTV, $MRTX, $TRIP, $NRDY, $PYPL, $SNAP, $GOOG, $NVDA, $TSLA, $MSFT)
- GreenWood Investors ($TWTR, $APPS, $CTT, $PTON, $FB, $AAPL)
- Praetorian Capital ($JOE, $LEE)
- Davis Opportunity Fund ($DGX, $VTRS, $CI, $TI, $AMAT, $INTC, $WFC, $COF)
- Davis New York Venture Fund ($FB, $GOOG, $AMZN, $SHOP, $NVDA, $TSLA)
- Davis Global Fund ($VTRS, $DAR, $DIDI)
- Mindset Value Cannabis Fund ($GDNSF, $VRNOF)
- Tweedy, Browne Company ($BASFY, $VRTX)
- Palm Harbour Capital ($IHRT, $OCINF, $IGT)
- RGA Investment Advisors ($TWTR, $DBX, $ROKU, $SFIX, $PYPL)
- Bumbershoot Holdings ($LGND, $VKTX)
- Tao Value ($RBLX, $GOOG, $PLTR, $ADS, $TAL, $TEAM, $AVLR, $PDD, $SE)
- Ariel Fund and Ariel Appreciation Fund ($CLB, $BYD, $REZI, $GME, $AAPL, $TSLA)
- Ariel Focus Fund ($ZBH, $HNGR, $LAZ, $MOS, $APA, $BK, $GS, $BOKF, $JPM, $MSGE)
- Ariel International Fund and Ariel Global Fund ($MANU, $KKR)
- Voss Capital ($MT, $ABG, $AVYA, $OLN)
- Vulcan Value Partners ($W, $GOOG, $NOV)
- Vulcan Value Partners Large Cap Fund ($UPST, $KKR, $AMAT, $LRCX, $NVDA, $SPLK, $APP)
- Vulcan Value Partners Small Cap Fund ($PRCH, $SMRT, $CRNC, $CWK)
- Vulcan Value Partners Focus Fund ($MSFT, $CG)
- Olstein Capital Management ($KFY, $NLS, $UFPT, $KEYS)
- Sterling Partners Equity Advisors ($MTH, $ENVA, $HMST, $NTCT, $LGF, $HAE, $GDOT, $ATCX, $CRSR, $NSA, $FSTR, $LE)
- Berkshire Hathaway ($BHE, $AAPL, $BRK-B)
- Boyar Value Group ($FB, $TSLA)
- ClearBridge Investments SMID Cap Growth Strategy ($MRC, $MNRO, $PYCR, $WAL, $WSC, $AVLR, $WIX, $NEWR, $PEN, $ICLR, $TREX, $S)
- ClearBridge Investments Global Infrastructure Income Strategy ($CWEN, $NGG, $FE, $BIPC)
- Lindsell Train ($BF-B, $DEO)
- Ruffer Investment Management ($TSLA)
- Horos Asset Management ($TGP-PB, $MBI)
- ClearBridge Investments Small Cap Value Strategy ($PRG, $ECPG, $HLMN, $AMRN, $SGH, $CCS)
- ClearBridge Investments Global Infrastructure Value Strategy ($WMB, $EXC, $CSX, $UNP)
- ClearBridge Investments Global Growth Strategy ($ESTC, $DOCU, $UNP, $ODFL, $MSFT, $AAPL, $NVDA, $TSLA, $NFLX, $NICE, $ACN, $UPS, $STNE, $SE, $ECL)
- ClearBridge Investments All Cap Growth Strategy ($TWTR, $CMCSA, $ETSY, $PYPL, $NKE, $CRL, $ISRG, $TXG)
- ClearBridge Investments Value Equity Strategy ($FISV, $FLNC, $PFE)
- ClearBridge Investments Sustainability Leaders Strategy ($DIS, $INTC, $AVGO, $GILD, $MRK, $ETN, $TMUS, $COO, $PGNY, $TMO, $CVS, $CRM, $WDAY, $V, $COST, $UNH)
- ClearBridge Investments All Cap Value Strategy ($CRWD, $ATUS, $NLOK, $OMF, $EQT)
- ClearBridge Investments International Growth ACWI ex-U.S. Strategy ($JTKWY, $ATLKY, $LRLCY, $ZLAB, $TEL)
- ClearBridge Investments Small Cap Strategy ($TWOU, $HQY, $ITCI, $SGH)
- ClearBridge Investments Select Strategy ($GTLB, $RIVN, $PFGC, $PXD, $TFC, $CME, $CVNA)
- Motiwala Capital ($HDB, $NVR, $MSFT, $CHTR, $BTI)
- ClearBridge Investments Mid Cap Growth Strategy ($VEEV, $TDOC, $FIVE, $PINS, $MRVL, $GWW, $OTLY)
- ClearBridge Investments Large Cap Growth Strategy ($NXPI, $AAP, $ULTA, $FIS, $BUD)
- ClearBridge Investments Large Cap Value Strategy ($PPG, $PEP, $TJX, $BKNG, $QCOM, $EIX, $SRE, $SCHW, $JPM, $BAC, $COP, $MSI)
- ClearBridge Investments Mid Cap Strategy ($TT)
- Black Bear Value Partners ($BLDR, $SRG, $GRBK, $AN)
- Horizon Kinetics ($FCX)
- ClearBridge Investments Dividend Strategy ($KO, $VZ, $BDX, $USB)
- Altron Capital Management ($SOFI, $SKT, $SPOT, $MX, $MELI, $GTX, $AZO, $BABA)
- Mercator International Opportunity Fund ($MELI, $AMZN)
- Singular Research ($DAKT, $CXDO, $MMAT, $ZEUS)
- Ravensource Fund ($QUAD, $DDEJ, $GNW, $SBSAA, $DTLA-P, $ASTL)
- Symmetry Invest A/S ($TPL, $IAC, $FC, $PAR)
