*Last updated on 12 December 2019

Greetings investors! Welcome to the Q3 2019 list of hedge fund letters and reports! Learn from the top investors on Wall Street, gain insights into the economy and financial markets, and know what to expect for the rest of the year.

These letters are from the top hedge funds and the most successful value investing firms in the world – learn about the stock market, the economy, the global geopolitical landscape, and investing strategies and philosophy from the very best in the business today.

Most of this list was compiled by Reddit/r/SecurityAnalysis. If you have any more hedge fund letters or reports – especially ones with a value investing focus – please send them here. This list will be updated every week as more hedge fund letters come in.

For past hedge fund letters and reports, be sure to check out the full Vintage Value Investing archive of Hedge Fund Letters.

Now get to reading!

Investment FirmDate Posted
Absolute Return PartnersOctober 7
BAM Investor Day PresentationOctober 7
Collaborative Fund – Three Big ThingsOctober 7
Elliot Management Letter to ATTOctober 7
Elliot Mangement Presentation on Marathon PetroleumOctober 7
FRMO Annual ReportOctober 7
JPM Guide to the MarketsOctober 7
Andaz Private InvestmentsOctober 9
Bill NygrenOctober 9
Focused CompoundingOctober 9
Lindsell TrainOctober 9
Oakmark FundOctober 9
Venator CapitalOctober 9
Vltava FundOctober 9
Curreen CapitalOctober 11
East72October 11
GMOOctober 11
Sequoia FundOctober 11
Upslope CapitalOctober 11
Datt CapitalOctober 14
Lindsell Train Global FundOctober 14
Wedgewood PartnersOctober 14
Graham and Doddville – Issue 37October 15
Artko CapitalOctober 17
Ensemble FundOctober 17
OSAMOctober 17
Polen – Focus GrowthOctober 17
Polen – Global GrowthOctober 17
Polen – International GrowthOctober 17
White Crane CapitalOctober 17
Howard Marks MemoOctober 18
Euclidean TechnologiesOctober 19
DMX CapitalOctober 21
Forager FundsOctober 21
Greenhaven RoadOctober 21
Saber CapitalOctober 21
Tollymore PartnersOctober 21
Arquitos CapitalOctober 22
Crescat CapitalOctober 22
Curreen CapitalOctober 22
Laughing Water Capital LP Meeting TranscriptOctober 22
Massif CapitalOctober 22
Silver Ring Value PartnersOctober 22
Vilas FundOctober 22
Bill Miller Income StrategyOctober 27
Bill Miller Opportunity EquityOctober 27
Bill Miller Deep ValueOctober 27
GQG Partners – Emerging MarketsOctober 30
GQG Partners – Global EquityOctober 30
Alluvial CapitalOctober 30
Apollo Asia FundOctober 30
Blue Tower Asset ManagementOctober 30
Ewing MorrisOctober 30
Gator CapitalOctober 30
Spree CapitalOctober 30
Third Point CapitalOctober 30
Whitebrook CapitalOctober 30
Alta Fox CapitalNovember 1
Askeladden CapitalNovember 1
Bluehawk Investment ManagementNovember 1
FPA Crescent FundNovember 1
Greenlight CapitalNovember 1
Horizon KineticsNovember 1
Long Cast AdvisorsNovember 1
RF CapitalNovember 1
Tao Value FundNovember 1
Tweedy BrowneNovember 1
Bonhoeffer CapitalNovember 4
Rangeley CapitalNovember 4
Goehring & RozencwajgNovember 6
Maran CapitalNovember 6
Saga PartnersNovember 6
Third AvenueNovember 6
Absolute Return Partners – How to Invest in a Low Growth World Part IINovember 7
Donville KentNovember 8
Greenwood InvestorsNovember 17
Lightsail CapitalNovember 17
Oaktree – Deeper Dive into Structured CreditNovember 17
Quartz Capital Letter to Sabana REITNovember 17
Desert Lion CapitalNovember 18
Hayden CapitalNovember 18
SRK CapitalNovember 21
Blue Orca – Kasen International ShortNovember 25
Greenhaven Road Partners FundNovember 25
Lindsell TrainNovember 25
Mittleman BrothersNovember 25
Oasis Management – Sanken Electric CoNovember 25
Rangeley CapitalNovember 27
First Eagle – Facing Your FearsDecember 2
Heller House CapitalDecember 2
Absolute Return PartnersDecember 3
Ashmore Group – Africa’s Public MarketsDecember 3
Engine Capital – PDL BiopharmaDecember 3
Legion Partners – Bed, Bath & BeyondDecember 3
Marathon Partners Letter – e.l.f BeautyDecember 3
Conover Investment AdvisoryDecember 6
Bireme CapitalDecember 10
DB Research – Imagine 2030December 10
Greenwood InvestorsDecember 10
Prescience Point Capital – Broadmark RealtyDecember 10
Citron Research – PeletonDecember 11
Star Capital Research – The Presumed End of ValueDecember 11
Del Principe O’BrienDecember 11

Do you want to know how to invest like value investing masters such as Ben Graham, Warren Buffett, & Charlie Munger? Download our free E-book to learn from these legends and get on the path to investing success!

Want to know more about hedge fund investors? You’re in the right place! Find out how the famous value investor, Seth Klarman, manages his hedge fund.