Investment Firm | Return | Date Posted |Companies
---|---|---|---
[East72](https://east72.com.au/wp-content/uploads/2025/07/E72DT-Quarterly-Report-June-2025.pdf)| |July 10| CKH
[Warden Capital](https://warcap.substack.com/p/war-cap-q2-update)| -1.3%| July 10|
[Brasada](https://brasadacapital.com/insights2/second-quarter-of-2025)| |July 17| WST, UBER
[Bristlemoon Capital](https://www.bristlemoonresearch.com/p/bristlemoon-june-2025-quarterly-letter)| | July 17| APG, CRM, UNH
[Fundsmith](https://www.fundsmith.co.uk/media/bvgden5v/2025-fef-semi-annual-letter-to-shareholders.pdf)|-1.9%| July 17|
[Headwaters Capital](https://headwaterscapmgmt.com/wp-content/uploads/2025/07/HCM-Q2-25-Investor-Letter.pdf)|-2.6€ |July 17| TECH, TMDX
[JDP Capital](https://jdpcap.com/wp-content/uploads/2025/07/2Q_2025_Letter_Final_1.pdf)| 16.8%| July 17| SPOT, CATL
[Kathmandu Partners](https://static1.squarespace.com/static/63465dbda3a3280f2afb25eb/t/68682e73ac30132bf9f29c8d/1751658099217/KC+2Q25+Letter+to+Investors.pdf)|16.6%| July 17| UI, ASMR, KSPI
[LVS Advisory](https://lvsadvisory.com/wp-content/uploads/2025/07/LVS-Advisory-Letter-Q2-2025.pdf)|15.88%, 3.6% | July 17|
[Right Tail](https://www.righttailcapital.com/_files/ugd/9593df_4b195c80405143489b5846ae9ef1fc37.pdf)| | July 17|
[Rowan Street Capital](https://www.rowanstreet.com/post/rowan-street-q2-2025-letter)| 20.1%| July 17| META, SPOT
[Upslope Capital](https://static1.squarespace.com/static/58f7798829687f53ff30baf8/t/6876393ba5a3006a73a49ffc/1752578364438/Upslope+-+2025Q2+Letter.pdf)| 3.4%|July 17| EVR, FCN, SMIN.LON
[Vltava Fund](https://www.vltavafund.com/dopisy-akcionarum/vlny)| | July 17|
[Wedgewood Partners](https://focusdst.com/wp-content/uploads/2022/08/Wedgewood-Partners-Second-Quarter-2025-Client-Letter-A-Day-in-the-Stock-Market-Life.pdf)| 7.1%| July 17| META, ZTS, BKNG
[Whitebrook Capital](https://drive.google.com/file/d/1B7RFcZVTER5gdTEwgTuZtZqvYYom-55X/view?pli=1)| | July 17|
[Desert Lion](https://mcusercontent.com/2b965ce88104d672785279e80/files/067ebb0c-8356-2edc-105d-3fcc76c28470/2025_06_Desert_Lion_Investor_Report_June_2025.pdf)|9.1%| July 18|
[Plural Investing](https://mcusercontent.com/0621b1ecf16131aced159c001/files/b1a7dfaa-6066-f587-b7da-38fa7e836868/Plural_Partners_Fund_Letter_2025_Q2.pdf?mc_cid=beed0a32a8)| 3.8%| July 22| JDG.LN, WOSG.LN
[Bronte Capital](https://files.brontecapital.com/amalthea/Amalthea_Letter_202506.pdf)| -4.1%| July 23|
[Curreen Capital](https://static1.squarespace.com/static/55f99b0ae4b02c9607c0f701/t/6880fd3fc75be9266e82e69c/1753283903283/Q2+2025+Letter.pdf)|8.7%| July 23|
[Legacy Ridge](https://www.legacyridgecapital.com/wp-content/uploads/2025/07/LRCP-1H25-Letter.pdf)|-1.7%| July 23|
[Maran Capital](https://mcusercontent.com/4522df4fcbfa5be002117f260/files/2be865c8-49e4-9653-dc65-d43fb24a7d1f/Maran_Partners_Fund_LP_2025_2Q_Letter.pdf)|9.5%| July 23|
[Spruce Point - LMB Short Thesis](https://cdn.prod.website-files.com/64dd091f91b3ca8e6309dc0d/687fc13c3bda412be1c567c6_lmb_research_thesis_7-22-2025.pdf)| |July 23| LMB
[Massif Capital](https://static1.squarespace.com/static/65566a6f03b86f32fb5a08eb/t/68813255e6ade44de0683a24/1753297494101/2Q2025+Letter+to+Investors+Massif+Capital.pdf)| 6.2%| July 31|
[Sohra Peak](https://mcusercontent.com/3fff1ea9d792aab7f6dffe0ab/files/4b0183ac-9fe5-9604-d06b-b07a8f104475/Sohra_Peak_Capital_Partners_Partnership_Letter_Q2_2025.pdf)|16.4%| July 31|DAD.PW
[Alluvial Capital](https://mcusercontent.com/b5aa12c5c889b46c0f8288f6d/files/06b6998f-0d0e-fc9d-ae6a-ed343c6af125/Alluvial_Capital_Management_Q2_2025_Letter_to_Partners.pdf)| 15.6%| August 5|
[Emeth Value](https://www.emethvaluecapital.com/_files/ugd/b2ee4c_e317fa2ccc4e46ca968d6ad92274e990.pdf)|4.96%|August 5|
[Goldman Sachs - Global M&A](https://www.goldmansachs.com/what-we-do/investment-banking/insights/articles/global-ma-in-2h-2025/goldman-sachs-ma-outlook-2h-2025.pdf)| | August 5|
[Greystone Capital](https://www.greystonevalue.com/_files/ugd/47fd79_23a36f919a47449f8528f3a00602c1bb.pdf)| 14.8%| August 5| APG, NRP, SYZ.TO, KITS.TO
[Jackson Peak](https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:1af72157-2808-4ab4-b811-c52ad589bf9a?viewer%21megaVerb=group-discover)| 24%| August 5|SPAC basket, META, ENR_DE, TTAN
[Laughing Water Capital](https://static1.squarespace.com/static/5d93ed0b59166652b0d66427/t/687bbca0d45772685d422f41/1752939680415/LWC+Q2%2725+Letter.pdf)| 13.1%| August 5| SES.TO
[Third Point Capital](https://assets.thirdpointlimited.com/f/166217/x/aa404bcfeb/third-point-q2-2025-investor-letter_tpil.pdf)| 7.5%| August 5| RKT, CASY, INF.LON
[Atai Capital](https://static1.squarespace.com/static/635cafa2259a125cc55eae33/t/689e31245192dc0b9605b610/1755197732694/Atai+Capital+-+Q2-2025+Letter.pdf)| 32.8%| August 16| CABO, ALOT
[Emeth Value](https://www.emethvaluecapital.com/_files/ugd/b2ee4c_e317fa2ccc4e46ca968d6ad92274e990.pdf)|4.96% | August 16|
[Gator Capital](https://info.gatorcapital.com/hubfs/Research_Portal/Due_Dilligence/20250505%20GFP%20Q1%20Letter.pdf)| 14.4%| August 16|
[Greenhaven Road Capital](https://static1.squarespace.com/static/5498841ce4b0311b8ddc012b/t/68920756bbe9dd29faccf2da/1754400599673/Greenhaven+Road+-+Q2+2025+FINAL.pdf)|14% | August 16|
[Howard Marks Memo - The Calculus of Value](https://www.oaktreecapital.com/insights/memo/the-calculus-of-value)|14% | August 16| BUR, SOC, LFCR, ASTS, CLBT, KKR, PAR
[Michael Mauboussin - Cash Holdings](https://www.morganstanley.com/content/dam/im/assets/publication/thought-leadership/consilient-observer/article_consilient-observer-cash-holdings_ltr.pdf?1754410732280)| | August 16|
[O´Keefe Stevens](https://www.okeefestevens.com/wp-content/uploads/2025/08/Q2-2025-Letter.pdf)| | August 16| BTC, CMP
[Praetorian Capital](https://go.pracap.com/hubfs/Quarterly%20Letters/2025/2025%20Q2%20Investor%20Letter%20-%20Approved%20v2.pdf)| 3.5%| August 16| JOE
[Springview Capital](https://img1.wsimg.com/blobby/go/41432c88-18e0-45bd-b2b2-1524cbc2c572/downloads/2d41c6bf-94e8-4535-bc63-a7c841de95ea/Springview%202Q25%20Investor%20Letter.pdf)| 15.7%| August 16| HOOD, MCY, WS
[Kerrisdale Capital - Aurora Innovation](https://www.kerrisdalecap.com/wp-content/uploads/2025/08/Kerrisdale-Aurora.pdf)| | August 26| AUR
[Pershing Square Capital](https://assets.pershingsquareholdings.com/wp-content/uploads/2025/08/20192925/Pershing-Square-Holdings-Ltd.-June-2025-Interim.pdf)| | August 26| HHH, HTZ, UBER, UMG, GOOG, FNMA, QSR, NKE, CMG
[Saltlight Capital](https://saltlight-website-files.s3.eu-west-1.amazonaws.com/documents/SLTWWF_Letter_2Q_2025.pdf)| 24.5%| August 26|
[Voss Capital](https://static1.squarespace.com/static/601ae5e60b044d0313307aca/t/68a890ff92d4b965200e4045/1755877631268/Q2+2025+Voss+Letter+to+Partners+-+VVMF.pdf)| -6.3%| August 26| GENI, CLBT, PHIN, PRKS
[JCap - Short Thesis on SPUX](https://www.jcapitalresearch.com/uploads/2/0/0/3/20032477/2025_09_04_supx.pdf)| | September 9| SPUX
[Kerrisdale Capital - Pure Storage](https://www.kerrisdalecap.com/wp-content/uploads/2025/09/PSTG-Kerrisdale.pdf)| | September 9| PSTG
[Baumann](https://www.baumanncap.com/letters/5)| | September 11|
[Blue Tower Asset Management](https://static1.squarespace.com/static/54373ea8e4b0152f9d332f13/t/6889c151db9e7c2410ebe725/1753858385486/2025+Q2.pdf)|27.6% | September 11| TBC
[Bonhoeffer Fund](https://mcusercontent.com/2511717cdf1bae9a0638c942a/files/4a11d242-849d-0206-f25f-ac7ee8ce4c8f/Bonhoeffer_Partner_Letter_Q2_2025.pdf)| 8.7%| September 11|
[Bonsai Partners](https://static1.squarespace.com/static/5e4c4dc89e166529a9918439/t/68a4fd7e2c5c9b54b550266b/1755643262585/Bonsai+Partners+Fund+1H+2025+Investor+Letter.pdf)| 7.3%| September 11| FEVR.L
[Eagle Capital](https://www.eaglecap.com/investor-letters/q2-2025-investor-letter)| | September 11|
[Elliot Letter to PepsiCo](https://elliottletters.com/wp-content/uploads/Elliotts-Letter-to-PepsiCo.pdf)| | September 11|
[Immersion Investments](https://files.constantcontact.com/920f57ab801/8f1bedde-e92c-4fbd-8ac9-ca15314a3bb2.pdf)|28.1% | September 11| MAMA
[Lux Capital](https://drive.google.com/file/d/1bnhsfLxo1FShSEXjh4E8Fpn3p7SN2O99/view)| | September 11|
[Silver Beech](https://docsend.com/view/8v6qydyig6hxj5yw)| | September 11 | SWX, FFH
[Horizon Kinetics - Inflation Beneficiaries](https://horizonkinetics.com/app/uploads/INFL-2025-Semi-Annual-Letter.pdf)| | September 17|
[Kerrisdale Capital - CRWV](https://www.kerrisdalecap.com/wp-content/uploads/2025/09/Kerrisdale-CoreWeave.pdf) | | September 17| CRWV
[Cedar Creek](https://static1.squarespace.com/static/5ea6570a0ba57d406203e048/t/68813148d69b1f1cff96fbe6/1753297225595/Q2+2025+Results+for+Cedar+Creek+Partners.pdf)|15.1%| September 24| PCHM, SODI, PROM, ENDI
[Hayden Capital](https://haydencapital.com/wp-content/uploads/Hayden-Capital-Quarterly-Letter-2025-Q2.pdf)| 17%| September 24| SMRT
[Desert Lion](https://mcusercontent.com/2b965ce88104d672785279e80/files/32a1bf8f-28b2-a02e-73c9-47825c280157/2025_08_Desert_Lion_Investor_Report_August_2025.pdf)| 8%| September 27|
[Marram](https://static1.squarespace.com/static/55d53d13e4b0c18ea41a2d75/t/68cda2fd1c3cc35657c86dc6/1758307069800/Marram+2025+2nd+Quarter+Letter.pdf)| | September 27|
[Headwaters Capital](https://headwaterscapmgmt.com/wp-content/uploads/2025/10/HCM-Q3-25-Investor-Letter.pdf)| -4.9%| October 17|
[Kerrisdale Capital - Short Thesis on BMNR](https://www.kerrisdalecap.com/wp-content/uploads/2025/10/Kerrisdale-BitMine-Immersion.pdf)| | October 17| BMNR
Interviews, Lectures & Podcasts | Date Posted
---|---
[Joel Greenblatt](https://www.youtube.com/watch?v=FGIj4m88zdw)| July 10
[Cliff Asness](https://valueinvestingwithlegends.libsyn.com/cliff-asness-quant-origins-value-crashes-and-market-inefficiencies)| July 17
[Julian Robbins of Fundsmith](https://www.youtube.com/watch?v=gcSZ4ksBFGU)| July 17
[Seth Klarman](https://valueinvestingwithlegends.libsyn.com/seth-klarman-contrarian-investing-discipline-and-building-baupost)| August 16