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The Complete List Of Q4 2020 Hedge Fund Letters To Investors

*Last updated on 10 February 2021

 

Greetings investors, and welcome to the Q4 2020 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
1 Main CapitalFebruary 1
Admiral CapitalJanuary 18
Aikya FundsJanuary 17
Alger Mid Cap FocusDecember 31
Alger Small Cap FocusDecember 31
Alger Spectra FundsDecember 31
Alger WeatherbieDecember 31
Alluvial CapitalFebruary 4
Alluvial Capital ManagementFebruary 2
Alphyn CapitalJanuary 25
Altafox CapitalJanuary 29
Anabatic Investment PartnersJanuary 26
AndazFebruary 1
Andaz December 31
AndvariFebruary 5
Andvari Associates December 31
AQR January 15
Argosy PartnersJanuary 13
ArisaigJanuary 7
Ark Invest – Big Ideas 2021February 4
Arquitos CapitalJanuary 26
Artisan InternationalJanuary 7
Artisan Mid CapJanuary 7
Artisan Small CapJanuary 25
Artko CapitalFebruary 4
Avenir CapitalFebruary 5
Avory & CoJanuary 21
Baron Asset FundDecember 31
Baron Discovery FundDecember 31
Baron Fintech FundJanuary 25
Baron Growth FundJanuary 25
Baron Health Care FundDecember 31
Baron Real Estate FundDecember 31
Bernzott CapitalJanuary 21
Bill MillerJanuary 12
Bill Nygren CommentaryJanuary 17
Blackstone 10 SurprisesJanuary 17
Blue Tower Asset ManagementJanuary 27
Bluehawk AdvisorsFebruary 5
Bond Covenants, Bankruptcy Risk & Cost of DebtJanuary 12
Bonsai PartnersFebruary 4
Bronte CapitalJanuary 17
Canterbury TollgateJanuary 25
Carillon Eagle Mid Cap Growth FundJanuary 21
Carillon Eagle Small Cap Growth FundJanuary 25
Cedar Creek PartnersFebruary 6
Citron Research – STEMJanuary 21
Cliff AsnessJanuary 19
Comus Investment December 31
Concentrated Compounding*January 5
Cooper InvestmentsJanuary 25
Cooper Investors Global Equities (Hedged)December 31
Cooper Investors Global Equities (Unhedged)December 31
Crescat CapitalFebruary 1
Crestcat CapitalJanuary 30
Culper Research – CleanSpark Short ThesisJanuary 14
Curreen CapitalJanuary 14
Davis Financial Fund.January 30
Davis Global FundJanuary 30
Davis International FundJanuary 30
Davis New York Venture FundJanuary 30
Davis Opportunity FundJanuary 30
Diamond Hill Small Cap FundFebruary 2
Distillate CapitalJanuary 21
Donville KentJanuary 21
Edgebrook PartnersJanuary 29
Egerton CapitalDecember 31
Emeth Value CapitalJanuary 25
Ensemble CapitalJanuary 29
Epoch Investment PartnersJanuary 26
Fairholme FundsFebruary 4
FAM FundsJanuary 26
Farview Capital – CDON PresentationJanuary 25
Fiduciary Management All Cap EquityDecember 31
Fiduciary Management International EquityDecember 31
Fiduciary Management Large Cap EquityDecember 31
Fiduciary Management Small Cap EquityDecember 31
First Eagle Global ValueJanuary 22
First Eagle ManagementFebruary 4
Forager FundsJanuary 19
FPA Crescent FundFebruary 4
Fundsmith LLPJanuary 19
Giverny CapitalJanuary 22
Greenhaven Road CapitalFebruary 1
Greenlight CapitalJanuary 22
Greystone ValueJanuary 17
Grizzly Research – DOYU Short ThesisJanuary 21
Harding Loevner Global EquityJanuary 30
Harding Loevner Global EquityJanuary 30
Harding Loevner Global Small CompaniesJanuary 30
Harding Loevner International EquityJanuary 30
Harding Loevner International EquityJanuary 30
Harding Loevner International Small Companies EquityJanuary 30
Harding Loevner International Small Companies EquityJanuary 30
Hayden CaptialJanuary 21
Headwaters CapitalJanuary 13
Heartland Mid CapDecember 31
Heartland Value FundDecember 31
Heartland Value Plus FundDecember 31
Hirschmann CapitalJanuary 18
Hoisington FundsJanuary 17
Horizon KineticsJanuary 29
Horos CapitalFebruary 5
Hosking PartnersJanuary 19
Howard Marks Memo – Something of ValueJanuary 12
JCapital Research – Bit Digital Short ThesisJanuary 14
JDP CapitalJanuary 26
Jeremy Grantham – Waiting for the Last DanceJanuary 12
JPM Global Alternatives OutlookJanuary 26
JPMorgan Guide to the MarketsJanuary 12
Junto InvestmentsJanuary 25
Kerrisdale Capital – PLUG Short ThesisJanuary 25
Kinsman OakFebruary 5
L1 Capital InternationalDecember 31
Laughing Water CapitalJanuary 25
Lindsell TrainJanuary 19
Logica CapitalFebruary 5
Longcast AdvisorsFebruary 5
Longleaf Partners January 15
Longleaf Partners Global FundJanuary 15
Longleaf Partners International FundJanuary 15
Longleaf Partners Small CapJanuary 15
Longriver InvestmentsJanuary 18
LRT CapitalJanuary 4
Lyrical Asset ManagementJanuary 26
Macquarie GroupFebruary 4
Madison Dividend IncomeDecember 31
Madison Investors FundDecember 31
Madison Mid Cap FundDecember 31
Madison Small Cap FundDecember 31
Maran CapitalFebruary 1
Massif CapitalJanuary 22
Merion RoadFebruary 5
Merion Road CapitalJanuary 14
Miller Funds – Deep ValueFebruary 5
Miller Funds – Income StrategyFebruary 5
Miller Funds – Opportunity EquityFebruary 5
Miller/Howard InvestmentsJanuary 27
Mittleman BrothersFebruary 5
MPE CapitalJanuary 14
Muddy Waters Letter to S30January 26
Myrmikan ResearchJanuary 15
Newfound ResearchJanuary 12
Nomadic ValueJanuary 17
NZS CapitalJanuary 18
Oakmark Global FundJanuary 17
Oakmark Global Select FundJanuary 17
Oakmark Select FundJanuary 17
Old West Capital January 11
Palm ValleyJanuary 12
Pender FundJanuary 14
Permanent EquityJanuary 18
Polen Focus GrowthDecember 31
Polen Focus GrowthFebruary 4
Polen Global GrowthDecember 31
Polen Global GrowthFebruary 4
Polen International GrowthDecember 31
Pzena Investment ManagementDecember 31
RGA Investment AdvisorsFebruary 5
Richie Capital GroupJanuary 18
RiverPark Large Growth January 12
RiverPark Long Short Opportunity January 12
Rondure Global AdvisorsJanuary 17
Roubaix CapitalFebruary 5
Rowan Street CapitalJanuary 19
Rowan Street CapitalJanuary 25
RufferJanuary 12
RV CapitalJanuary 12
Saber Capital – End of Mean ReversionJanuary 12
Saga PartnersFebruary 5
SchroedersFebruary 4
Selcouth CapitalFebruary 4
Sequoia FundJanuary 25
Shadowfall Research – Network International Short ThesisJanuary 12
Shawspring Partners – A Framework for Understanding OptionalityJanuary 12
Silver Ring PartnersJanuary 14
Silver Ring Partners – Freshii ThesisJanuary 14
Smead Value FundJanuary 26
Sorfis CapitalJanuary 29
Spree CapitalJanuary 17
St. James Investment CompanyJanuary 14
Steel City CapitalJanuary 19
Summers Value PartnersJanuary 22
Symmetry InvestFebruary 5
T11 PartnersFebruary 5
Tao ValueJanuary 21
Third Avenue Real Estate FundDecember 31
Third Avenue Small Cap Value FundDecember 31
Third Avenue Value FundDecember 31
Tollymore PartnersFebruary 1
Tweedy BrowneFebruary 2
Tweedy BrowneFebruary 4
Upslope CapitalJanuary 14
Value Investor InsightFebruary 4
Viceroy Research – Tyro Short ThesisJanuary 21
Vltava FundJanuary 13
Vulcan ValueDecember 31
Vulcan Value PartnersFebruary 4
Wasatch Core Growth FundFebruary 2
Wasatch Micro Cap FundFebruary 2
Wasatch Micro Cap Value FundFebruary 2
Wasatch Small Cap Growth FundFebruary 2
Wasatch Small Cap Value FundFebruary 2
Wasatch Ultra Growth FundFebruary 2
Wedgewood PartnersJanuary 13
Weitz Hickory FundJanuary 27
Weitz Partners III Opportunity FundJanuary 27
Weitz Partners Value FundJanuary 27
Weitz Value FundJanuary 27
White Oak CapitalJanuary 26
Whitebrook CapitalJanuary 26

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