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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conviction position in Uber."
In Q2 2025, Aristotle's Value Equity Composite posted a return of 4.75% net of fees (4.88% gross), outperforming the Russell 1000 Value Index (3.78%) but trailing the S&P 500 Index (10.94%). Outperformance was driven by positive allocation effects, notably an overweight in IT, underweight in Health Care, and selection within Materials. Macroeconomic developments were mixed, featuring proposed universal import tariffs, direct Middle East military clashes, and a steady Federal Reserve policy rate. Notable portfolio adjustments included the exit of water technology firm Xylem in order to initiate a position in Uber Technologies, which is favored for its asset-light model, strong cash flows, and attractive valuation. Top contributors for the period included Microsoft and Microchip Technology, while Amgen and Alcon detracted.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Growth Outlook
Market outlook remains moderate conviction: Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Risk Appetite
Risk appetite posture is above average conviction: Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Forward Guidance
Forward guidance signal: Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Language Signal
Tone analysis indicates above average conviction language: Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
Time Horizon
Investment time horizon reflects a high conviction orientation. Aristotle's Value Equity Composite returned 4.75% net in Q2 2025, beating its value benchmark. The fund took advantage of market volatility to exit Xylem and build a new, high-conv...
