We will be sharing Q3 2023 hedge fund investor letters in this article. You can also see the hedge fund investor letters for 2023 Q2, 2023 Q1, 2022 Q4, 2022 Q3, 2022 Q2, 2022 Q1, and 2021 Q4 by clicking the links.
Hedge Fund Investor Letters and Updates for 2023 Q3
- Vltava Fund ($ELV, $WTW, $FTRE, $HUM)
- Palm Valley Capital Management ($MLR, $CRD-A, $TBI, $AAP, $AVA, $FPI, $EQC, $SSRM)
- ClearBridge Investments Small Cap Growth Strategy ($KVYO, $MGRC, $NCNO, $AEL, $NEWR, $LNTH, $FWRD, $HUBS)
- Black Bear Value Partners ($ABG, $HCC, $CEIX, $BLDR)
- Oakmark Select Fund ($IQV)
- Oakmark Fund ($DHR, $CTVA, $CNC, $CSCO, $CVS, $PSX)
- Oakmark Equity and Income Fund ($KR, $BC, $IPG, $PHIN)
- Oakmark Global Fund Letter ($ORCL)
- Oakmark Global Select Fund ($CNHI, $GOOG, $CHTR)
- Cove Street Capital Small Cap Value Fund ($VSAT, $SSP, $VMD, $LFCR, $ECVT, $HNRG, $HCCI, $DLHC, $CNX, $AMSWA, $CVLT, $IAC)
- ClearBridge Investments Dividend Strategy ($APO, $RTX, $TMUS, $GILD, $ENB)
- ClearBridge Investments Large Cap Value Strategy ($INTC, $AXP, $AMT, $SRE, $TEL, $EIX, $BDX, $JNJ, $MCK, $UPS, $UNH, $CHTR, $CMCSA, $ELV)
- Artisan Partners Developing World Fund ($MMTY, $CRWD, $ABNB, $MELI, $SE, $EL, $ASML, $NVDA)
- Aristotle Capital Value Equity Strategy ($PSX, $AMGN, $XYL, $MCHP, $ATVI)
- Heartland Advisors Mid Cap Value Fund ($FAF, $NOV, $SPB)
- Heartland Advisors Value Fund ($MHK, $NFG, $STC)
- Heartland Advisors Value Plus Fund ($CRI)
- Right Tail Capital ($FERG)
- Aristotle Capital Global Equity Strategy ($TTE, $MGA, $JAZZ)
- Artisan Partners Mid Cap Value Fund ($NOV, $WAT, $IAC, $OMC, $DG, $CRBG, $HRB)
- Vulcan Value Partners ($DEO, $MAR, $TXN, $UNH, $LRCX, $FWRD, $MLKN, $ITRN, $SMRT, $SEE)
- White Falcon Capital Management ($AMZN, $NU, $TECK, $ROVR)
- East72 ($VIRT)
- Manole Capital Management ($PYPL)
- Aristotle Capital Small Cap Equity Strategy ($HURN, $EEFT, $DY, $PTEN, $TKO, $CAMP, $MTSI)
- Madison Mid Cap Fund ($ACGL, $ANET, $CDW, $PGR, $DLTR, $FWONK, $KMX, $LBRDK, $MKSI, $FND, $FTRE)
- Rowan Street Capital ($META)
- Miller Value Partners Deep Value Select Strategy ($NBR, $CHS, $AXL, $GTN, $BFH, $FOSL)
- Miller Value Partners Income Strategy ($T, $JXN, $WAL, $MPW, $OGN, $MED)
- LVS Advisory ($SENEA)
- Alger Weatherbie Specialized Growth Fund ($STEP, $OLLI, $INSP, $AGTI, $NOVT, $VERX)
- Baron Health Care Fund ($INSP, $DXCM, $EXAS, $BSX, $SWA, $NVO, $LLY, $MTD, $TECH, $MCK, $UNH, $ARGX, $LEGN, $DHR, $RCKT)
- Baron Real Estate Income Fund ($PLD, $EGP, $TRNO, $FR, $REXR, $ARE, $INVH, $AMH, $EQR, $AVB, $PSA, $EXR, $CUBE, $WELL, $VTR, $SKT, $COLD, $DRH, $VICI, $WYNN, $AMT, $BEPC)
- Wedgewood Partners ($GOOG, $CDW, $AAPL, $BKNG, $TPL, $ODFL, $EW, $TSM, $PYPL, $MSI, $ORLY)
- Upslope Capital Management ($BALL)
- Merion Road Capital ($SUM, $DSGR, $KLG, $WHG)
- Aristotle Atlantic Large Cap Growth Strategy ($AAPL, $SNPS, $DXCM, $DAR, $META, $ADBE, $UBER, $AMP, $NXPI, $CRWD, $SAGE, $IOVA)
- Laughing Water Capital ($CDMO, $THRY, $HGV, $LFCR)
- Ace River Capital ($HZO, $RICK)
- Fiduciary Management Inc. ($VVV, $SYY, $CCEP)
- Madison Small Cap Fund ($GOGO, $MGNI, $MODN, $OLLI, $FROG, $HAYW, $CC, $BBCP, $AWI, $OLN)
- Madison Sustainable Equity Fund ($LLY, $GOOG, $COST, $NEE, $TGT, $TEL, $BMY, $J, $UNH, $PEP, $EL, $ORCL, $DIS, $TXN, $HD, $ADI)
- Third Avenue Management Small-Cap Value Fund ($LXU, $BATRK, $SPHR, $PRA, $HBB, $TDW, $IVT)
- Carillon Eagle Mid Cap Growth Fund ($SNPS, $DXCM, $CMG, $PEN, $CRWD, $HAL, $BKR, $ALB, $PLNT, $CELH)
- Carillon Eagle Small Cap Growth Fund ($LBRT, $FRSH, $SLAB, $KNSL, $LTHM, $SUM, $KWR, $PJT)
- SouthernSun Small Cap Strategy ($SAM, $MUSA, $DY, $DAR)
- Ithaka US Growth Strategy ($BX, $INTU, $NVDA, $PODD, $DXCM, $AAPL)
- Madison Investors Fund ($FI, $TXN, $A, $ADBE, $J, $ADI, $LOW, $ALC, $TEL)
- Baron Opportunity Fund ($NVDA, $INDI, $LEGN, $MSFT, $DT, $RIVN, $TKO)
- Polen Capital U.S. SMID Company Growth Strategy ($GLOB, $YETI, $GSHD, $FTCH, $PAYC, $CPRT, $DOCS, $CWAN, $OLO)
- L1 Capital Long Short Fund ($JHX, $CVE)
- Greenhaven Road Capital ($BUR, $APG, $PAR, $KKR, $CLBT)
- Ensemble Capital Management ($MASI, $ILMN, $NFLX, $BKNG, $GOOG, $BR, $ADI, $TXN, $MA, $V)
- Alluvial Capital Management ($SENEA, $FTLF, $PX, $WHLR)
- Greystone Capital Management ($SENEA, $POL, $BELFB, $IDT)
- Cooper Investors Global Equities Fund ($YUMC, $URI, $COST, $UNP)
- Patient Capital Management Opportunity Equity ($KOS, $EXPE, $C, $CVS, $TWOU, $DXC, $OVV, $SPLK, $FTCH, $UBS, $DAL, $IAC)
- Maran Capital Management ($CLAR)
- Massif Capital Real Assets Strategy ($AES)
- The London Company SMID Cap Strategy ($BR, $CWST, $ZBRA, $WAT, $NEU, $MTN, $LANC, $LW, $CHDN)
- Longleaf Partners Small-Cap Fund ($MAT, $WEST, $OSCR, $CNX, $SAM)
- Cedar Creek Partners ($PROM, $ROYTL, $SODI, $CZBS)
- Davis New York Venture Fund ($COF, $JPM, $WFC, $USB, $GOOG, $META, $AMZN, $IAC, $CI, $VTRS, $DGX)
- Alta Fox Capital ($FCFS)
- Appleseed Fund ($DG, $WCC, $GNK)
- Alger Spectra Fund ($VRT, $SLB, $GFL, $MSFT)
- Polen Capital Focus Growth Strategy ($ILMN, $AAPL, $AMZN, $NFLX, $ADBE, $ABNB, $LLY, $DOCU, $NVO)
- Polen Global Growth Fund ($GOOG, $ADBE, $MSCI, $SIEGY, $LVMH, $NVO, $NOW, $MSFT, $ICLR, $WDAY, $AMZN)
- Polen Capital U.S. Small Company Growth Fund ($GSHD, $CCCS, $YETI, $EEFT, $DOCS, $ALIT, $CWAN, $XPEL, $EXLS, $ALTR, $DCGO, $FTCH, $LESL, $OLO)
- Giverny Capital Asset Management ($SSNC, $SCHW, $FI, $ANET, $FERG, $CIEN)
- Bronte Capital Amalthea Fund ($FFIE, $REGN, $SRPT)
- Choice Equities Capital Management ($MGNI, $STGW, $CROX, $SHAK, $PLCE, $WCC, $OEC)
- Fairlight Alpha Fund ($EC, $PBR)
- Baron Global Advantage Fund ($ADYEY, $NVDA, $CPNG, $RIVN, $ARGX, $DAVA, $SHOP, $WIX, $NET, $FVRR)
- Baron Technology Fund ($MSFT, $CDAY, $WDAY, $INTU, $NOW, $CRWD, $HUBS, $INDI, $AAPL)
- The London Company Large Cap Strategy ($GOOG, $ODFL, $NSC, $MLM, $ALB)
- The London Company Small Cap Strategy ($TPX, $ENOV, $QLYS, $NGVT, $CABO, $AWI)
- The London Company Mid Cap Strategy ($LII, $FIS, $ENTG, $DLTR)
- Diamond Hill Small Cap Fund ($CIVI, $CALM, $LEU, $LOB, $FTAI, $RRR, $ENOV, $RMNI, $LANC, $ALGT, $HAYN, $PGRS, $DCO, $MLR)
- Baron Discovery Fund ($CWAN, $PAR, $S, $TXG, $EWCZ, $ABCM, $SILK, $KNSL, $MEG, $NVTS, $LYV)
- Weitz Conservative Allocation Fund ($LBRDK, $CHTR, $MCHP)
- Weitz Multi Cap Equity Fund ($LSXMA, $PRM, $LKQ, $EFX)
- Voss Capital ($CROX, $CRH)
- Baron Asset Fund ($GWRE, $FDS, $IDXX, $CSGP, $ONON, $IT, $SBAC, $ACGL, $VRSK, $MTN)
- Weitz Investment Management Large Cap Equity Fund ($META, $GOOG)
- Headwaters Capital Management ($INSP, $QLYS, $UFPT, $ABCM)
- Andvari Associates ($AMT, $TYL, $ROL)
- Long Cast Advisers ($PDEX, $SOTK)
- Jackson Peak Capital ($SAVE, $EDR, $VRT, $LESL, $MSFT)
- Polen U.S. Opportunistic High Yield Fund ($VSAT, $UBER)
- Baron FinTech Fund ($APO, $LPLA, $TW, $MA, $GPN, $FICO, $MSCI, $INTU, $SQ, $SPGI, $MORN, $MKTX)
- Conestoga Capital Advisors Small Cap Strategy ($CSWI, $OMCL, $ROAD, $CWAN, $SSD, $PRO, $VERX, $NOVT, $MODN, $CWST, $DGII, $SPSC, $ALTR)
- Conestoga Capital Advisors Smid Cap Growth Strategy ($FICO, $GWRE, $RGEN, $MMSI, $GGG, $CSWI, $RBS)
- Conestoga Capital Advisors Micro Cap Strategy ($DH, $NSTG, $TRNS, $TKNO, $WLDN, $PHR, $BLFS, $QTWO)
- Conestoga Capital Advisors Mid Cap Strategy ($FDS, $VRSK, $VEEV, $CSGP, $FTNT, $IDXX, $BALL)
- RiverPark Large Growth Fund ($EQIX, $LLY, $LMT, $MCD, $PEP, $SBUX, $BX, $UBER, $GOOG, $BKNG, $INTU, $ADYEY, $AAPL, $ILMN, $NFLX, $FIVN)
- Alger Mid Cap Focus Fund ($SHOP, $CELH, $SPLK, $DXCM)
- Polen Capital Global SMID Company Growth Strategy ($PGNY, $MORN, $FIVE)
- O’keefe Stevens Advisory ($NVDA, $HT)
- SaltLight Capital Management ($MELI, $SE, $KARO)
- FPA Queens Road Small Cap Value Fund ($FN, $UGI, $AEL, $UNFI, $DECK, $MTZ, $CNXC, $LTHM, $SBFS, $IDCC)
- Greenlight Capital ($CEIX, $CPRI, $GRBK)
- Horizon Kinetics ($CME, $JPM)
- Jackson Peak Capital ($CACI)
- Horos Asset Management ($METC, $GOOG)
- Deep Sail Capital ($CREX, $ADYEY, $EH)
- Longleaf Partners Fund ($WMG, $WBD, $IAC, $GE, $MGM)
- Diamond Hill Large Cap Strategy ($CAT, $AIG, $GM, $KMX, $HCA, $ABT, $TXN, $FANG, $EXR)
- Longleaf Partners Global Fund ($FBIN)
- Immersion Investment Partners ($FF, $PBPB, $BELFB, $CELH, $RDVT)
- Argosy Investors ($LESL, $BURL, $POST)
- Alphyn Capital Management ($FRFHF, $BUR, $KKR, $LBRDK, $IAC, $KMX, $KFS)
- Mairs & Power Growth Fund ($VZ, $UNH, $JPM, $TTC, $NVT)
- Baron Small Cap Fund ($VRT, $AZPN, $DRVN, $CGNX, $FOXF, $LBRDK)
- Matrix Asset Advisors ($RTX, $NEE)
- Mairs & Power Small Cap Fund ($JAMF, $AZEK, $CLFD, $DCI, $GBCI, $CFR, $FIBK, $AIR)
- Diamond Hill Capital Select Strategy ($HUM, $CMPR, $COOP, $KKR, $WCC, $STKL)
- Ariel Fund ($SPHR, $ATGE, $MAT, $GNRC, $PBH, $LESL, $IPG)
- Artisan Partners Select Equity Fund ($GOOG, $PGR, $META, $ARMK, $AXTA, $AXP, $HSIC)
- L1 Capital International Fund ($BKNG, $INTU, $NRP, $MCO)
- Atai Capital ($BELFB, $GOOG)
- Meridian Contrarian Fund ($AMBA, $SGH, $THC, $CCJ, $AMSC, $DBRG)
- Alger Small Cap Focus Fund ($CPRI, $IMVT, $DLO, $SHAK, $KRUS, $TECH)
- Artisan Partners Small Cap Fund ($LSCC, $SWAV, $EXAS, $ARGX, $CCCS, $GWRE, $WCC, $MTSI, $STVN, $NVST, $HUBS, $GNRC, $SAIA, $PCOR, $SPXC, $PZZA, $WMS, $BL)
- Baron Growth Fund ($IRDM, $DNUT)
- Baron Fifth Avenue Growth Fund ($MELI, $ISRG)
- Baron Partners Fund ($TSLA, $SCHW)
- Gator Capital Management ($FCNCA)
- Carillon Eagle Growth & Income Fund ($NEE, $MCD, $CVX, $ABBV, $ETN, $UNH, $ADP, $TEL, $MRK, $RTX)
- Artisan Partners Mid Cap Fund ($TEAM, $GPN, $PWR, $WING, $JBL, $DXCM, $IR, $BNTX, $ZS, $TDY, $A)
- Meridian Growth Fund ($EEFT, $ALIT, $CARG, $MATX, $OKTA, $HQY)
- Artisan Partners Value Income Fund ($AL, $LAMR, $CABO)
- Diamond Hill Capital Mid Cap Strategy ($CIEN, $CTRA, $MAA, $ESAB, $LHX)
- Lansing Street Advisor ($C)
- Silver Beech Capital ($FNF, $C)
- Claret Asset Management ($GOOG, $AMZN, $AAPL, $META, $NVDA, $MSFT, $TSLA)
- TimesSquare Capital Management U.S. Small Cap Growth Strategy ($LESL, $PLNT, $MODG, $BJ, $PRA, $HLNE, $INSP, $TMCI, $HQY, $KRYS, $CWST, $DRVN, $EME, $VERX, $ALGM, $HCP, $CWAN)
- Ave Maria Value Fund ($SNX)
- Carillon Clarivest Capital Appreciation Fund ($GOOG, $NVDA, $SPLK, $LLY, $AAPL, $FTNT, $NFLX, $ISRG)
- ClearBridge Investments Select Strategy ($PODD, $SGRY, $FTNT, $SEDG, $SHLS, $VRT, $ODD, $WCN, $BKR, $ICLR, $ARGX)
- White Brook Capital Partners ($META, $GOOG, $AAPL, $AMZN, $NVDA, $TSLA, $MSFT, $GBX, $BLDR)
- Pernas Research ($NRP, $RELY)
- CrossingBridge Advisors ($NGL)
- Mayar Capital ($KVUE)
- ClearBridge Investments Mid Cap Strategy ($CASY, $RJF, $NE, $PINS)
- ClearBridge Multi Cap Growth Strategy ($WOLF, $CRWD, $NOW)
- Hayden Capital ($SMRT, $KO, $AAPL, $PG)
- Ariel Investments Focus Fund ($APA, $GS, $WU, $MHK, $CVX, $KVUE, $PHIN)
- Weitz Investment Management Partners III Opportunity Fund ($CCRD, $QRTEA, $SCHW)
- Aristotle Atlantic Core Equity Strategy ($CB, $HAL, $SPR, $ORCL, $DG)
- Ariel Investments Small Cap Value Strategy ($BCO, $LIND, $AMG, $NCLH)
- Ariel Investments Appreciation Fund ($NOV, $KKR, $AXTA)
- ClearBridge Investments Mid Cap Growth Strategy ($KEYS, $CMG, $FIVE, $FERG, $SWAV, $SPLK, $XPO, $RBC, $APP)
- ClearBridge Investments All Cap Value Strategy ($NEE, $NEP, $PWR, $CEG, $VST, $MUSA, $EEFT, $QDEL)
- Ave Maria World Equity Fund ($FG, $PXD, $IMXI, $GFL, $STNE)
- Tourlite Capital Management ($FTAI, $KD, $FIP)
- Ariel Investments Global Fund ($GSK, $VZ, $BAP, $RHHBY)
- Ave Maria Focused Fund ($NVDA, $DBRG, $APO)
- ClearBridge Investments Global Infrastructure Value Strategy ($LNG, $AMT)
- Liberty Park Capital Management ($NR, $LUNA, $HQI, $COHR, $TGLS, $POWL, $CVGI)
- TimesSquare Capital Management Mid Cap Growth Strategy ($IAC, $PINS, $FIVE, $PXD, $LNG, $RNR, $FND, $VAC, $ROST, $APTV, $IBKR, $NDAQ, $ARGX, $RGEN, $IDXX, $DXCM, $RPRX, $SWAV, $GFL, $ROK, $NICE, $KEYS, $ESTC, $EFX, $SNPS, $CSGP, $PANW, $VRSK, $AZPN, $RPM, $MLM, $AOS)
- Polen Capital International Growth Strategy ($MELI)
- ClearBridge Investments Small Cap Value Strategy ($GAMB, $VSTO, $SRI, $EXP, $OXM, $HOMB)
- Harding Loevner Global Small Companies Equity Strategy ($OLLI, $HP, $NBIX)
- Smead Capital Management Value Fund ($TGT, $BAC, $PFE)
- Carillon Scout Mid Cap Fund ($PLTR, $NE, EW, $PODD, $DAL, $CBOE)
- Blue Tower Asset Management ($META, $NVDA, $ENVA)
- Curreen Capital ($CACC, $ADV, $FTDR)
- Sound Shore Fund ($VST, $CEG, $TEVA)
- Mawer Investment Management ($NVO, $CME, $DG, $LVMUY)
- Diamond Hill Capital Long-Short Fund ($GOOG, $TDC, $PEN, $GEHC, $MLI, $SSNC, $JCI, $LH, $TGT, $ALK, $GRMN, $ALRM, $BOH)
- Wasatch Small Cap Growth Strategy ($YETI, $OLLI, $EEFT, $INSP, $FIVE, $SILK, $SHAK, $HQY)
- Carillon Chartwell Mid Cap Value Fund ($FMC, $DLTR, $THC, $SEE, $DXC, $PXD, $PNFP, $CIEN)
- TimesSquare Capital Management U.S. FOCUS Growth Strategy ($CRWD, $BC, $WCN, $CHE, $ORLY)
- Meridian Hedged Equity Fund ($VST, $ZM, $AAPL, $SBH, $GFL)
- Meridian Small Cap Growth Fund ($SILK, $ZIP, $HDSN)
- Wasatch Micro Cap Growth Strategy ($STRL, $GDYN, $KRT, $PI, $HLIT, $CHEF, $VMD, $GENK, $HPK, $CCRN, $OPRX, $SBT)
- Carillon Chartwell Small Cap Growth Fund ($IMVT, $MTSI, $MOD, $ANF, $NTNX, $MMSI, $INSP, $ALGM)
- TimesSquare Capital Management U.S. SMID Cap Growth Strategy ($MTSI, $TPG, $PHR, $STVN)
- Wasatch U.S. Select Fund ($CGNX, $ODFL, $GWRE, $NOVT)
- Wasatch Core Growth Fund ($PWSC)
- ClearBridge Investments Sustainability Leaders Strategy ($TT, $ETN, $ENPH, $BEP, $AWK, $WSM, $BKNG, $NVO, $ECL, $HOLX, $CVS, $HD, $PGR, $TRV, $JPM)
- Bonhoeffer Capital Management ($LILA, $BLDR, $CNSL, $TIGO, $MORN, $ODFL, $NOA)
- Bonsai Partners ($QCOM, $TSM)