Depends if they're long or short, I think too many people...

Depends if they're long or short, I think too many people make them the target of their evil institution conspiracy theories though. They're very good at researching stocks, which is why the ones they short tend to fall. Likewise when they're long, those stocks tend to rally. I mentioned WA1 as an example before, they've been in that one for a while now buying regularly. This has coincided with huge improvement in both that company's fundamentals and share price. They're not ultra long term typically, but definitely not short term either unless it's a short position (hence why they have a policy of only commenting on long positions, never shorts). They'll probably stick around in ZIP till next year or potentially even longer, but who knows what their thesis is here. They might be hoping for a TO as an exit rather than a particular time frame

They're one of the top performing funds for good reason though; when they go long the stocks go up a lot and when they short the stocks tend to fall.