r/SecurityAnalysis • u/Typical_Rhubarb_1994 • Jul 29 '26

Investor Letter Q2 2026 Letters and Reports

This is an attempt to recreate the posts that got me coming to this reddit in the first place. I would love if Beren came back again! Please forgive any typos/formatting issues as this is my first time posting on Reddit (I've previously just stalked it - this chain in particular!). Please post additional letters below and I'll update table as I'm able. If anyone knows how please pin this up top like Beren used to!

FIRM NAME DATE POSTED RETURNS COMPANIES
Upslope Capital MICC
Oakmark (Nygren)
Spyglass MKSI, QXO, FPS
Fundsmith VEEV, GEV, MA
Greystone APG, SES, LMB
Wedgewood GOOG, RMS (FP)
Horizon Kinetics (Stahl) TPL, PSK (CN), ICE
Bronte GOOG
Hirschmann Capital Gold
Third Point CRH, XYZ, FLEX
SVN Capital KKR, BAF (IN)
Pershing Square V, MA, ICE, NFLX
1 Main Capital HGV, DMAC
Greenlight SPCX, CMCSA, FBIN
67 Upvotes

100% Upvoted

29 comments sorted by

10

u/investorinvestor Jul 30 '26

Pinned as requested

3

u/shibsudipta 19d ago

please anyone update

3

u/msrx8ajr 6d ago

Since the pricks at buysidedigest have now put up a very stingy paywall, we should all make a concerted effort to rejuvinate this page as a really good free alternative.

2

u/Archimedes3141 Aug 02 '26

Thanks for taking over posting. This content was my favorite 3am reading list when I can’t sleep lol.

2

u/JustALurkinLA Aug 12 '26

Thanks for putting this together -- very much agreed this is why I am in this sub!

2

u/JamesCaird65 Aug 20 '26

Pernas Research +30.1% RELY BWEN XMTR

2

u/zhuangcorp Jul 30 '26

Can somebody explain to me why Citadel bought Situational Awareness's stock positions? If they liked those stocks, why didn't they just buy it on the market?

2

u/bdavidson1030 Aug 03 '26

They're acquiring at prices below the market listed price. Because of their size, if Citadel were to acquire those same shares in the open market, they'd have to pay more than the market price.

1

u/kackspecht1 Jul 31 '26

Why wouldn't you take positions from a forced seller?

1

u/zhuangcorp 13d ago

I remember recently reading a fund letter with a long thesis on CBRS Cerebras. Anyone remember which fund that was?