We will be sharing Q2 2023 hedge fund investor letters in this article. You can also see the hedge fund investor letters for 2023 Q1, 2022 Q4, 2022 Q3, 2022 Q2, 2022 Q1, 2021 Q4, and 2021 Q3 by clicking the links.
Hedge Fund Investor Letters and Updates for 2023 Q2
- Alphyn Capital Management ($AMZN, $CCOI, $IAC, $ALVO, $W, $FRFHF)
- Vltava Fund ($STLA, $GOOG)
- Palm Valley Capital Management ($TBI, $AAP, $ODC, $SSRM, $NGS, $CRD-A)
- Manole Capital Management ($MA, $V, $JPM, $PACW, $SCHW, $PYPL, $AAPL, $GOOG, $SYF)
- ClearBridge Investments Large Cap Growth Strategy ($EL, $ADBE, $INTU, $ISRG, $ALC, $SYK, $LLY, $NVDA, $NFLX, $META, $MSFT, $AMZN)
- St. James Investment Company ($NVDA, $BRK-B)
- Artisan Partners Developing World Fund ($NVDA, $NFLX, $NU, $U, $SE, $BILI, $EL, $MELI, $BEKE, $DLO)
- Oakmark Select Fund ($COP)
- Oakmark Global Fund ($CRBG, $DHR, $NOV)
- Oakmark Global Select Fund ($GOOG, $BABA)
- Oakmark Fund ($CE, $FCNCA, $IQV, $BAX, $CSL)
- Oakmark International Small Cap Fund ($SPNS)
- Oakmark Equity and Income Fund ($SCHW, $BAC, $PDCE)
- Cove Street Capital Small Cap Value Fund ($SNEX, $SSP, $DCO, $SCWX, $LTRPA, $LFCR, $VSAT, $IAC, $GBLI, $GLDD, $MPAA, $MGM, $ANGI)
- Heartland Advisors Mid Cap Value Fund ($HAS, $SRCL, $CNC)
- Atai Capital ($ALOT, $BELFB, $ATVI)
- Rowan Street Capital ($CMG, $TSCO, $NVO, $DOCU, $TRIP, $UA)
- Heartland Advisors Value Fund ($MHK, $BHE, $HCSG)
- Old West Investment Management ($SMRT)
- Fiduciary Management Inc. ($CDW, $RHHBY, $RHI)
- Madison Investors Fund ($GOOG, $CPRT, $ALC, $PH, $PCAR, $PGR, $DHR, $DLTR, $USB, $ELV, $MMC, $ACGL, $ADI)
- Right Tail Capital ($NVR)
- Akre Focus Fund ($MCO, $MA, $ADBE, $AMT, $KMX)
- Silver Beech Capital ($FCNCA, $ABR, $ABG, $PLYA, $GOOGL)
- White Falcon Capital Management ($NU, $AMD, $AMZN, $TECK, $DAVA, $WPM, $SSL, $EPAM)
- Madison Sustainable Equity Fund ($LLY, $ORCL, $GOOG, $ECL, $JPM, $TGT, $USB, $DHR, $NKE, $PGR, $HD, $UNP)
- Madison Small Cap Fund ($DRS, $WAL, $AYX, $CIEN, $ACGL, $CNM)
- Merion Road Capital ($WWE, $EDR, $CIR, $DSGR, $MHH)
- LVS Advisory ($MA, $ADBE, $GOGO, $IBKR)
- Massif Capital Real Assets Strategy ($AES)
- Miller Value Partners Deep Value Strategy ($GCI, $QUAD, $GTN, $WAL, $NBR)
- Wedgewood Partners Large Cap Focused Growth Fund ($META, $AAPL, $GOOG, $CPRT, $MSFT, $TPL, $PYPL, $CDW, $TSCO)
- Upslope Capital Management ($FCN, $GRMN)
- Bernzott Capital Advisors US Small Cap Value Fund ($ADTN, $MP, $MODG, $EHC, $APG, $LPRO, $ATSG, $WKC, $GDEN, $ENOV, $COOP, $PLXS)
- White Brook Capital ($RILY, $GBX, $MOS, $U)
- Coho Partners Relative Value Equity Fund ($CVS, $DG, $USB)
- O’keefe Stevens Advisory ($BOWL, $SPHR, $NVDA)
- Ithaka US Growth Strategy ($NVDA, $AMZN, $MSFT, $PODD, $MELI, $PYPL)
- Ace River Capital ($RICK)
- Moon Capital Management ($FAF, $MLNK, $FHN, $CNQ)
- 1 Main Capital ($KKR, $LMB)
- Baron Health Care Fund ($LLY, $ISRG, $ASND, $TMO, $MTD, $BSX, $VEEV, $EXAS, $LEGN, $ACLX, $ABBV, $INSP, $OPCH, $UNH, $HUM, $ELV, $HCA, $MRK)
- Alluvial Capital Management ($PX, $PLPC)
- Cooper Investors Global Equities Fund ($ULTA, $CDW)
- Baron Real Estate Fund ($CBRE, $JLL, $CSGP, $REXR, $EQIX, $DLR, $IBP, $CZR, $PLD, $WYNN, $EXR, $TOL, $DHI, $LEN, $BX)
- Tidefall Capital Management ($FHN)
- Miller Value Partners Income Strategy ($STLA, $RILY, $OMF, $MPW, $VALE, $JXN, $OGN)
- L1 Capital International Fund ($MSFT, $CRH, $EXP, $GPK, $AMD, $UNH)
- Deep Sail Capital ($IDT, $RCMT, $NGMS)
- Baron Asset Fund ($CSGP, $VRSK, $IT, $MKTX, $AZPN, $MORN, $BAH, $ARE, $FDS, $CDAY, $GWRE)
- Ensemble Capital Management ($GOOG, $NOW, $CMG, $NKE, $NFLX, $ILMN, $MASI)
- Laughing Water Capital ($APG, $TACT, $THRY, $HGV, $LFCR, $CDMO, $ENZ))
- Aristotle Atlantic Partners ($AVGO, $EL, $GH, $ADPT, $SNPS, $NFLX, $CTLT, $DIS)
- Third Avenue Real Estate Value Fund ($SUI, $JLL, $CBRE)
- Headwaters Capital Management ($ABCM, $NSIT, $CYRX)
- Legacy Ridge Capital Partners Equity Fund ($ETRN)
- Diamond Hill Capital Small Cap Fund ($ASH, $UFPT, $GRBK, $ALGT, $OZK, $COOP, $CALM, $FIBK, $TGB, $WNS, $PRG)
- Third Avenue Management Small-Cap Value Fund ($TDW, $TPH, $PRA, $EME, $MSGS, $ITIC, $SBSI, $WASH)
- Choice Equities Capital Management ($MGNI, $STGW, $PLCE, $AAPL)
- Fairlight Alpha Fund ($OPRA)
- Smead Capital Management Value Fund ($TGT)
- SouthernSun Small Cap Strategy ($DY, $USPH, $NGVT, $DORM, $BOOT)
- SouthernSun SMID Cap Strategy ($TREX, $WRK, $MGPI)
- The London Company Mid Cap Strategy ($ENTG, $VMC, $LII, $UNF, $SWKS, $CINF)
- The London Company Small Cap Strategy ($MATX, $MUSA, $ENOV, $NGVT, $AUB, $CTS, $CABO, $CWST, $MRTN)
- The London Company Small-Mid Cap Strategy ($TREX, $DECK, $ST, $THG)
- The London Company Large Cap Strategy ($ORLY, $MLM, $KMX, $PGR, $SBUX, $TXN, $RSG, $VZ, $ALB)
- Aristotle Atlantic Growth Fund ($NVDA, $MSCI, $DG, $PLD, $SPGI)
- Aristotle Atlantic Large Cap Growth Fund ($TMO)
- Aristotle Atlantic Value Equity Fund ($PH, $CCI, $QCOM, $ATVI)
- Broyhill Asset Management ($PYPL, $SCHW, $NTDOY, $BTI, $FMX, $FI, $MCK, $FHN, $BUD, $BAYRY)
- Maran Capital Management ($APG, $CDRE, $CLAR)
- Immersion Investment Partners ($MPAA, $FC, $IDT, $PBPB)
- Polen Capital Focus Growth Strategy ($ADBE, $MSFT, $ILMN, $TMO, $PYPL, $NVDA, $AMZN, $WDAY, $NFLX)
- Weitz Investment Management Partners III Opportunity Fund ($MSFT, $META, $AMZN, $KMX, $PRM, $CCRD, $LBTYK, $TMO, $SCHW, $LSXMA, $GOOG)
- Third Point Management ($SHEL, $DHR, $MSFT)
- Weitz Investment Management Large Cap Equity Fund ($CHTR, $VMC, $DHR)
- Conestoga Capital Advisors Small Cap Strategy ($MRCY, $AXON, $SITE, $SPSC, $SSD, $LMAT, $NOVT, $FSS, $MLAB, $FOXF, $BL)
- Conestoga Capital Advisors Micro Cap Strategy ($OLO, $PL, $DGII, $VCEL, $USPH, $ROAD, $MEG, $SSTI, $NSTG, $CYRX, $HCAT)
- Conestoga Capital Advisors SMid Cap Growth Strategy ($TREX, $FICO, $WSO, $RGEN, $RBC, $EXPO, $PLOW, $CWST, $BFAM)
- Conestoga Capital Advisors Mid Cap Strategy ($CSGP, $CPRT, $VRSK, $ROL, $GGG, $MTD, $GWRE, $TSCO, $FDS)
- Greenhaven Road Capital ($LFCR, $SPHR, $BUR, $KKR, $APG, $PAR, $ESTC, $HGTY, $BNED, $APPS, $CLBT)
- Polen Capital Global SMID Company Growth Strategy ($GSHD, $DT, $RVLV, $ALIT, $MKL)
- Polen Capital U.S. SMID Company Growth Strategy ($TTD, $CPRT, $ETSY, $AZPN, $SITM, $MORN)
- Polen Capital U.S. Small Company Growth Strategy ($APPF, $PGNY, $BL, $FOXF, $LESL)
- Argosy Investors ($CURV, $OLLI, $DAVA, $GDYN, $TWKS)
- VGI Partners ($CME, $AMZN, $GEHC)
- Gator Capital Management ($OSBC)
- Greenlight Capital ($NPWR, $GRBK, $CEIX, $THC, $CIVI, $GPN)
- Polen Capital Global Growth Strategy ($AMZN, $ADBE, $GLOB, $ADSK)
- Polen Capital International Growth Strategy ($ICLR, $SHOP, $HDB, $MELI)
- SaltLight Capital Management ($NVDA, $LRCX, $ASML, $APP)
- 180 Degree Capital Corp ($SNCR, $AREN, $PBPB, $SCOR, $IVAC, $CVGI, $QBTS)
- Baron Fifth Avenue Growth Fund ($NVDA, $META, $AMZN, $EPAM, $DAVA, $ILMN, $ARGX, $TTD, $RIVN, $MBLY)
- Baron Discovery Fund ($GTLB, $KNSL, $NVTS, $RVNC, $SKIN, $RGEN, $STVN, $DH, $TREX, $BASE)
- Baron FinTech Fund ($SPGI, $FICO, $MSCI, $NU, $SHOP, $APO, $BLK, $MA, $V)
- Baron Opportunity Fund ($WWE, $ZI, $INDI, $MSFT, $EDR, $GOOG, $SNOW)
- Vulcan Value Partners ($FI, $SSNC, $AMZN, $MSFT, $GOOG, $TDG, $CSGP, $G, $DNB, $SMRT, $PRG, $MEDP, $ENS, $MLKN, $CWK, $ELV)
- Mairs & Power Growth Fund ($NVDA, $MSFT, $AMZN, $USB, $SCHW, $UNH)
- Artisan Partners Global Discovery Fund ($ASND, $CTLT, $NU, $BSY, $SWAV, $BJ, $NOTV, $POOL, $LYV)
- Donville Kent Asset Management ($TCX, $SANG)
- Giverny Capital Asset Management ($META, $CIEN, $PGR, $GOOG)
- Aristotle Capital Boston Small Cap Equity Strategy ($ITRI, $DY, $MODV, $MRCY, $GXO, $CRNC, $STHO, $ADEA)
- Mairs & Power Small Cap Fund ($ALTR, $ENTG, $CLFD, $ENV)
- Aristotle Capital Boston Small/Mid Cap Equity Strategy ($INFN, $POOL, $ALB)
- Artisan Partners Mid Cap Fund ($CMG, $EXAS, $MKTX, $HUBS, $TW, $KEYS, $RBLX, $FWONK, $APTV, $NDAQ, $HUBB, $GPN, $TDY, $NVST, $VEEV)
- Artisan Partners Small Cap Fund ($HALO, $DUOL, $SPXC, $SMAR, $CHGG, $PEN, $CROX, $SAIA, $OPCH, $TWST, $VMI)
- Baron Small Cap Fund ($VRT, $SITE, $MRCY, $DXCM, $TDG, $IDXX, $TTD, $HLMN)
- Aristotle Capital International Equity Strategy ($CCJ, $ALC)
- Artisan Partners International Value Fund ($BABA, $LBTYA, $PHG, $UL, $NOK)
- Carillon Eagle Mid Cap Growth Fund ($MRVL, $ENTG, $MLM, $SNPS, $CMG, $MKTX, $WOLF, $MSCI, $ENPH, $ULTA)
- Hayden Capital ($EDU, $SE)
- L1 Capital Long Short Fund ($BABA, $JHX, $TECK)
- Pershing Square Holdings ($GOOG, $CMG, $QSR, $LOW, $CP, $HHH, $HLT)
- Black Bear Value Partners ($ABG, $BLDR, $CEIX, $HCC)
- Alger Spectra Fund ($NVDA, $MSFT, $MELI, $NTRA, $ABBV)
- Baron Partners Fund ($TSLA, $ACGL, $FDS)
- Alger Small Cap Focus Fund ($SWAV, $INSP, $RGEN, $MRCY)
- Baron Growth Fund ($ANSS, $PENN, $DNUT, $NEOG)
- RiverPark Large Growth Fund ($META, $UBER, $SHOP, $NVDA, $AMZN, $ILMN, $PYPL, $NKE, $ADSK, $DIS, $COST
- Generation Investment Management Global Equity Strategy ($AMAT)
- Ariel Investments Small Cap Value Strategy ($NCLH, $GNRC, $LIND, $LESL, $NVST, $ADT, $CG, $MSGE)
- Diamond Hill Capital Mid Cap Strategy ($UGI, $CIEN, $WCC, $ENOV, $FERG, $SBAC, $LEA, $NVR, $POST, $PH, $ST)
- Longleaf Partners Fund ($WBD, $IAC, $LYV, $GOOG, $LUMN)
- Longleaf Partners Small-Cap Fund ($OSCR, $HOUS, $VMEO, $BATRK, $SAM)
- Ariel Investments Appreciation Fund ($NVT, $KMX, $WBA, $NTRS, $PARA)
- Longleaf Partners Global Fund ($TIGO)
- Sohra Peak Partnership ($ACIC)
- Ariel Investments Focus Fund ($ORCL, $MOS, $SNA, $ZIMV, $APA)
- Carillon Eagle Growth & Income Fund ($AVGO, $MRK, $CCI, $ABBV, $JPM, $TGT, $CVX, $MSFT, $ETN)
- Ariel Fund ($RCL, $MAS, $ATGE)
- Baron Focused Growth Fund ($ONON, $FIGS, $IBKR)
- FPA Queens Road Small Cap Value Fund ($FN, $IDCC, $MTZ, $DECK, $SFBS, $UNFI, $UGI, $SYNA, $CNXC, $AEL)
- FPA Crescent Fund ($OTEX, $AVGO)
- Baron Durable Advantage Fund ($DHR, $LPLA, $BX)
- Ariel Investments Global Fund ($MSFT, $BAP, $BIDU, $VZ, $GILD, $EDU, $IQ, $CME)
- ClearBridge Multi Cap Growth Strategy ($AVGO, $ACN, $SNOW, $HUBS, $TJX, $SBUX, $PINS, $LYFT)
- ClearBridge Investments Large Cap Value Strategy ($VRT, $ORCL, $MLM, $UPS, $CSCO, $QCOM, $LRCX, $AMGN, $MCK, $SCHW, $SHW, $PPG, $SRE)
- Diamond Hill Large Cap Strategy ($AIG, $KMX, $AMZN, $MSFT, $HCA, $HUM, $PFE, $DIS, $ABBV, $TFC, $TGT)
- Alger Weatherbie Specialized Growth Fund ($SPSC, $SITE, $PI, $NVRO, $PLNT)
- ClearBridge Investments Mid Cap Growth Strategy ($MRVL, $ICLR, $STE, $EQT, $BURL, $ETSY, $TTD, $SPOT)
- ClearBridge Investments Small Cap Strategy ($SGH, $PLAB, $TGH, $NVCR, $INDI, $SYNH, $CXT, $CR)
- Ave Maria Growth Fund ($NVDA, $CPRT)
- Ave Maria Focused Fund ($GFL, $APG, $DBRG, $FWRG)
- Artisan Partners Global Opportunities Fund ($PGR, $AMD, $WDAY, $MSFT, $INTU, $VRTX, $ZS)
- Diamond Hill Select Strategy ($CMPR, $STKL, $BAC, $TXN)
- Greystone Capital Management ($RICK, $LMB, $APG)
- ClearBridge Investments Small Cap Value Strategy ($PRG, $OPRT, $QDEL, $FHN, $VAL, $OZK)
- Artisan Partners Global Value Fund ($META, $GOOG, $AAP)
- Harding Loevner Global Equity Strategy ($NVDA, $MSFT, $ABCM, $CRM, $ABDE, $HLN)
- ClearBridge Investments SMID Cap Growth Strategy ($KRTX, $FOXF, $FIVN, $WIX, $XPO, $ENPH)
- TimesSquare Capital Management U.S. Small Cap Growth Strategy ($BJ, $ASND, $INSP, $SWAV, $PTCT, $ADUS, $RETA, $WNS, $DRVN, $PYCR, $ACVA, $AZEK, $SAIA, $ESAB, $SPT, $SMAR, $SYNA, $FROG, $KLIC, $IAS, $AVNT, $COHU, $ONTO)
- Long Cast Advisers ($DAIO, $MTRX, $PESI, $QRHC, $CCRD, $CCRN)
- Tourlite Capital Management ($APG, $KD, $FTAI, $LESL, $PRM, $FIP)
- ClearBridge Investments Value Equity Strategy ($EMN, $MSFT, $MOS)
- Liberty Park Capital Management ($BELFB, $WEAV, $LUNA, $ITI, $ETWO, $BOWL, $YOU, $POWL, $EXP, $ZEUS, $NR, $VSH, $CBT)
- TimesSquare Capital Management Mid Cap Growth Strategy ($APTV, $FIVE, $ORLY, $RNR, $NDAQ, $BRO, $CASY, $CSGP, $KNX, $WSO, $PANW, $AZPN, $MRVL, $SNPS, $LSCC, $LEGN, $EHC)
- ClearBridge Investments Sustainability Leaders Strategy ($NKE, $ETN, $TREX, $BALL, $ECL, $ON, $TEL, $PG)
- Voss Capital ($IIIV)
- Meridian Contrarian Fund ($BOWL, $FIBK, $OKTA, $RAMP, $SGH, $FCNCA, $TAP)
- Patient Capital Management Opportunity Equity ($IAC, $WAL, $COST, $JPM, $C, $EXPE, $GM, $DAL)
- Emeth Value Capital ($DKS, $BEP)
- Curreen Capital ($ADV)
