| ANNUALIZED SINCE INCEPTION | QUARTERLY | YTD |
|---|---|---|
| - | - | - |
Sparrow Wealth Management reported strong performance in 2025, with global stocks gaining 22.18% and international markets significantly outperforming domestic equities. International large value stocks returned 45.21% while international small value delivered 52.07%, validating the firm's long-standing advocacy for international diversification. The standout performance was driven by a declining U.S. dollar, attractive valuations, and increased foreign government spending. The manager emphasizes patience as a key investment virtue, drawing parallels to Warren Buffett's investment philosophy following his retirement. The firm maintains core principles of value investing and staying the course during market turbulence. While international markets had underperformed in previous years, 2025 demonstrated the benefits of maintaining diversified global exposure. The letter reinforces the importance of temperament over intellect in investing and highlights that significant returns come from patient capital deployment rather than active trading.
International diversification and patient value investing approach rewarded in 2025 with strong international stock performance driven by declining dollar, attractive valuations, and increased foreign government spending.
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| Date | Letter | Tickers | Keywords | Pitches | Quick Takes |
|---|---|---|---|---|---|
| Jan 8 2026 | 2025 Q4 | - | diversification, global, international, Patient Capital, value | - | International value stocks were among the best performers, with DFA International Large Value returning 45.21% and DFA International Small Value returning 52.07%. The manager advocates for value investing principles shared with Warren Buffett. |
| Jul 4 2025 | 2025 Q2 | - | - | - | |
| Apr 5 2025 | 2025 Q1 | - | - | - | |
| Oct 6 2024 | 2024 Q3 | - | - | - | |
| Jul 4 2024 | 2024 Q2 | - | - | - | |
| Apr 5 2024 | 2024 Q1 | - | - | - | |
| Jan 5 2024 | 2023 Q4 | - | - | - | |
| Oct 5 2023 | 2023 Q3 | - | - | - | |
| Jul 5 2023 | 2023 Q2 | - | - | - | |
| Apr 6 2023 | 2023 Q1 | - | - | - | |
| Jan 9 2023 | 2022 Q4 | - | - | - | |
| Oct 6 2022 | 2022 Q3 | - | - | - | |
| Jul 7 2022 | 2022 Q2 | - | - | - | |
| Apr 6 2022 | 2022 Q1 | - | - | - |
| QUARTER | THEMES | TAGS |
|---|---|---|
| 2025 Q4 |
ValueManager emphasizes investing in controlled companies trading at significant discounts to NAV, with European holding companies showing discounts of 30-68%. The strategy focuses on securities mispricing where real value exists, contrasting with overvalued technology stocks. |
Discounts NAV Mispricing Undervalued Controlled |
| Date | Pitch Type | Author | Ticker | Company | Industry | Sub Industry | Bull / Bear | Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|---|
| No Elevator Pitches found | ||||||||||
| TICKER | COMMENTARY |
|---|---|
| No ticker commentary found. | |
| 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 | |||
