| ANNUALIZED SINCE INCEPTION | QUARTERLY | YTD |
|---|---|---|
| - | -2.3% | -6.6% |
The Mapfre US Forgotten Value Fund delivered strong performance in June 2025, gaining 5.35% versus 5.09% for the S&P 500 and outperforming value benchmarks including the Russell 2000 Value and Russell 1000 Value. The fund's strategy focuses on undervalued North American companies that are forgotten by the investment community, particularly those with complex capital structures or in temporarily out-of-favor sectors. Top contributors included Uber Technologies, Atlanta Braves Holdings, and Topgolf Callaway Brands, while detractors included Kenvue, Tripadvisor, and Restaurant Brands International. Technology and Communication Services led sector performance. The portfolio maintains significant exposure to small and mid-cap companies, with 37.6% in mid-cap and 20.0% in small-cap positions. Despite ongoing geopolitical tensions and mixed Federal Reserve signals, the fund benefited from continued AI enthusiasm and improving investor sentiment. The managers remain focused on identifying undervalued opportunities in companies overlooked by mainstream analysts.
The Mapfre US Forgotten Value Fund targets undervalued North American companies that are outside the focus of the investment community, including those with complex capital structures, in temporarily out-of-favor sectors, or smaller capitalization companies followed by fewer analysts.
The current rate-cutting cycle in Europe appears to be nearing its end, with analysts projecting only one final cut of the same magnitude in the second half of 2025. The Federal Reserve is opting to wait and assess the inflationary impact of newly implemented tariffs before making rate decisions.
| Date | Letter | Tickers | Keywords | Pitches | Quick Takes |
|---|---|---|---|---|---|
| Jun 30 2025 | 2025 Q2 | BATRA, GOOGL, HHH, KVUE, LH, MKL, MODG, MSGS, NWSA, QSR, SSNC, TRIP, UBER, WRB | Communication Services, small caps, technology, undervalued, US, value | - | Mapfre's US Forgotten Value Fund outperformed in June, gaining 5.35% by targeting undervalued companies overlooked by the investment community. Strong contributions from Uber, Atlanta Braves, and Topgolf offset weakness in Kenvue and Tripadvisor. The fund maintains significant small and mid-cap exposure, capitalizing on forgotten stocks with complex structures or in out-of-favor sectors. |
| Jun 30 2024 | 2024 Q2 | BAC, BATRA, GOOGL, HHH, IAC, LEVI, LH, MKL, MODG, MSGS, NWSA, UBER, WBD | Forgotten, small caps, undervalued, US, value | - | Mapfre US Forgotten Value Fund targets undervalued North American companies overlooked by mainstream investors. Despite underperforming the S&P 500 in June, the fund outperformed value indices. Strong contributors included Uber and Alphabet, while Levi Strauss detracted. The concentrated 43-stock portfolio maintains high equity allocation, focusing on complex or out-of-favor situations. |
| QUARTER | THEMES | TAGS |
|---|---|---|
| 2025 Q2 |
ValueThe fund focuses on companies undervalued by the market, particularly forgotten stocks that may be outside the focus of the investment community. These include companies with complex capital structures, those in temporarily out-of-favor sectors, or smaller capitalization companies followed by fewer analysts. |
Undervalued Forgotten Complex Small Cap Analysts |
Small CapsThe fund specifically targets companies with lower capitalization that are followed by fewer analysts. The portfolio shows significant exposure to small and mid-cap companies, with 37.6% in mid-cap and 20.0% in small-cap positions. |
Small Cap Mid Cap Lower Capitalization Analysts Exposure | |
| 2024 Q2 |
ValueThe fund focuses on companies undervalued by the market, particularly those outside the investment community's focus. These include companies with complex capital structures, enterprises in temporarily out-of-favor sectors, and lower capitalization companies followed by fewer analysts. |
Undervalued Forgotten Complex Overlooked Mispriced |
| Date | Pitch Type | Author | Ticker | Company | Industry | Sub Industry | Bull / Bear | Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|---|
| No Elevator Pitches found | ||||||||||
| TICKER | COMMENTARY |
|---|---|
| UBER | The three stocks that contributed the most to the portfolio's performance in June were Uber Technologies Inc (advancing 10.86% and contributing 0.63% in performance) |
| BATRA | Atlanta Braves Holdings Inc (advancing 15.17% and contributing 0.58%) |
| KVUE | The three investments that detracted the most from the portfolio were Kenvue Inc (declining -12.32% and detracting -0.26% from performance) |
| TRIP | Tripadvisor Inc (declining -8.36% and detracting -0.17%) |
| QSR | Restaurant Brands International (declining -6.22% and detracting -0.08%) |
| MODG | Topgolf Callaway Brands Corp (advancing 26.97% and contributing 0.51%) |
| Ticker | Put/Call | Amount Bought | Shares Bought | % Change | Weight % |
|---|---|---|---|---|---|
| No Recent Buys Data | |||||
| Ticker | Put/Call | Amount Sold | Shares Sold | % Change | Weight % | Status |
|---|---|---|---|---|---|---|
| No Recent Sells Data | ||||||
| Industry | Prev Quarter % | Current Quarter % | Change |
|---|---|---|---|
| No industry data available | |||
