We have listened to reader advice and now have the ability to sort quarterly hedge fund letters by date and by letter, so you know when this was last updated and can see the updates right away. Do you like this feature? Do you have any suggestions? We love...
Our 13F screener has been updated for Q4 2019 you can view all the stats here.
Welcome to the December 2019 (Q4) issue of Hidden Value Stocks. In this issue, we included interviews with two fund managers as well as recent updates from the Olesen Value Fund, Saga Partners and McIntyre Partnerships. The first interview is with Samir Patel, the Founder and Portfolio Manager of...
The Pembroke Emerging Markets Fund was up 2.6% for December, bringing its full-year net return to 10.12% for 2019. The MSCI EM index was up 18.43% for 2019. Q4 2019 hedge fund letters, conferences and more tpsdave / Pixabay Strong gains in December Almost all of Pembroke's strategies were in the green in...
Microsoft (MSFT) has been on a tear over the past year. Shares of the software pioneer have jumped 70% since last February—triple the S&P 500’s gain, as you can see: Q4 2019 hedge fund letters, conferences and more Keep in mind, Microsoft is the furthest thing from a volatile penny stock....
Warren Buffett recently released his Berkshire Hathaway Annual Report 2019. One of the key take-aways from the letter is Berkshire’s ongoing focus on the power of retained earnings from the companies in which Berkshire invests. Here’s an excerpt from the letter: Q4 2019 hedge fund letters, conferences and more At Berkshire,...
Five insights from Charlie Munger at the 2020 Daily Journal Annual Meeting. Q4 2019 hedge fund letters, conferences and more “The current stock market situation is not as crazy as the Nifty Fifty or the Tech Bubble of the late 1990s.” Many people automatically assume that because the market has...
Warren Buffett was interviewed on CNBC from 6:00 a.m. – 9:00 a.m. Q4 2019 hedge fund letters, conferences and more These are 30 highlights: (1) Buying stocks is the equivalent of buying businesses. (2) Stocks grow in value because of companies investing retained earnings. (3) Stocks are cheaper than bonds. The 30 year U.S....
Hedge fund results have been coming in thick and fast over the past few weeks. The results from the industry's most prominent players have attracted plenty of attention. Q4 2019 hedge fund letters, conferences and more rawpixel / Pixabay If you’re looking for value stocks, and exclusive access to value-focused hedge fund...
Tiger Global had a strong year in 2019 with a gross return of 41.3% and a net return of 32.7% for the onshore fund. Tiger Global Long Opportunities enjoyed a 37.3% gross gain and a 30.1% net gain for the year. Going into this year, the fund's management says...
Tiger Global's Onshore fund was up 9.8% gross and 7.8% net for the fourth quarter, bringing its full-year 2019 return to 41.3% gross and 32.7% net. The Offshore fund was up 9.5% gross and 9% net for the fourth quarter, making its two-quarter return 2.5% gross and 2% net...
ValueWalk's Raul Pangabiban interviews Jim Roumell, Partner and Portfolio Manager at Roumell Asset Management. Q4 2019 hedge fund letters, conferences and more pasja1000 / Pixabay Interview With Jim Roumell Hello podcast listeners. Today is a very special episode with Jim Roumell, Partner and Portfolio Manager at Roumell Asset Management. Before founding Roumell Asset...
The Voss Value Fund was up 8.1% net for the fourth quarter following gains of 2.93%, 0.93% and 4.02% net for October, November and December, respectively. The Russell 2000 was up 9.9% for the fourth quarter, while the S&P 500 gained 9.1% for the quarter. Q4 2019 hedge fund letters,...
Warren Buffett’s holding company, Berkshire Hathaway, didn’t outperform the S&P 500 last year. Q4 2019 hedge fund letters, conferences and more Berkshire Hathaway grew slightly in 2019, but its performance lagged far behind the S&P 500 stock market index. That’s an anomaly for Buffett. He’s handily outperformed the S&P 500 for decades,...
Saga Partners letter to investors for the fourth quarter ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more During the fourth quarter of 2019, the Saga Portfolio (“the Portfolio”) increased 23.9% gross of fees. This compares to the overall increase, including dividends, for the S&P Smallcap 600 Index...
The Orchid China Master Fund was up 0.6% net for January, compared to the 6.7% decline in the Hang Seng Index. The fund's one-year return is 23.8%, compared to the Hang Seng Index's 5.8% decline over the last year. For 2019, the Orchid China Master Fund was up 32.2%,...
Uber’s 4Q19 results highlight an accelerated path to EBITDA profitability. Eats is also showing encouraging progress amid a competitive food delivery landscape. The market is giving Uber little to no credit for its ability to hit post-FY21 profitability targets. Uber's ride-sharing business appears significantly undervalued on a sum-of-parts...
Tiger Legatus Master Fund was up a commanding 20.8% net in the fourth quarter, dramatically outperforming the MSCI World Index's 8.7% gain and the S&P 500's 9.1% gain for the quarter. For all of 2019, the fund was up 21.2%, so the fourth quarter was where it made almost...
Something peculiar caught my eye in the Berkshire 13F filing this quarter. It is a very small holding and completely irrelevant given the size of the equity portfolio for Berkshire. The position is sized at a little over $25M and is too small even for...
DG Value Funds was up about 1.5% for the fourth quarter. The Legacy Class was up 1.7%, while Class A was up 1.37%, and Class B was up 1.46% for the quarter. For the full year, the Legacy Class was up 8.3%, Class A was up 6.86%, and Class...
At this year's Daily Journal annual meeting, the company's chairman, billionaire investor and right-hand man to Warren Buffett, Charlie Munger, answered two hours of questions from the company's shareholders covering everything from electric vehicles to central bank monetary policy and China's rise over the past two decades. If you’re looking...
At this year's Daily Journal annual meeting of shareholders, the company's chairman, Charlie Munger, took questions from the audience for two hours. If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. He took questions covering a range of topics, including the...
ValueWalk's Raul Panganiban interviews John C. Thompson, the Founder of Vilas Capital Management. See their Q4 2019 letter here. Q4 2019 hedge fund letters, conferences and more mohamed_hassan / Pixabay Interview with Vilas Capital's John C. Thompson Trasncript Hello podcast listeners. Today's a very special episode with John C. Thompson, CFA. He's the founder,...
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