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Infrastructure Spending
| Quarter | Letter Date | Fund Name | Letter | Theme | Tickers | Keyword |
|---|---|---|---|---|---|---|
| 2025 Q4 | Dec 31, 2025 |
BBH Intermediate Municipal Bond Fund Gregory Steier
|
View | Rates, Credit Stress, Infrastructure Spending | JPM | Credit quality, Federal Policy, healthcare, infrastructure, interest rates, municipal bonds |
| 2025 Q4 | Jan 2, 2026 |
Royce Investment Partners Small Cap Francis Gannon
|
View | AI, Small Caps, Infrastructure Spending, Biotechnology | - | AI, Biotechnology, Capex, earnings, Micro-caps, Russell 2000, small caps, Valuations |
| 2025 Q4 | Jan 23, 2026 | View | Energy Transition, Infrastructure Spending | - | California, Credit quality, energy, high yield, infrastructure, municipal bonds | |
| 2025 Q4 | Jan 13, 2026 |
Ennismore European Smaller Companies Fund Margaret Webb
|
View | AI, Value, Defense, Small Caps, Infrastructure Spending | AAD.DE, BNTX, COST.L, DWNI.DE, EVS.BR, LSS.PA, PDX.ST, RNK.DE, SFQ.DE, SIKA.SW, STB.L, STO.DE, THEP.PA, TRI.PA, ULP.L, VETQ.PA, VOW3.DE | AI, defense, Europe, infrastructure, Long/Short, Quality, small caps, value |
| 2025 Q4 | Feb 5, 2026 | View | AI, Energy, Trade Policy, Infrastructure Spending, Industrial Policy, Defense Spending | CAT, TIH.TO | AI, Canada, Defense Spending, energy, infrastructure, National Capitalism, tariffs, technology | |
| 2025 Q4 | Jan 6, 2026 |
Legal & General – Active Fixed Income Colin Reedie
|
View | AI, Private Credit, Infrastructure Spending | AMZN, GOOGL, LXS.DE, META, MSFT, ORCL, PARA, SESG.PA, WBD, WPP.L | AI, Bonds, credit, Fiscal, Hyperscalers, infrastructure, Issuance, technology |
| 2025 Q4 | Jan 2, 2026 |
Aptus Capital Advisors, LLC David Wagner
|
View | AI, Inflation, Liquidity, Infrastructure Spending | - | AI, Bull Market, consumer spending, Fed policy, inflation, liquidity, Market Volatility |
| 2025 Q4 | Jan 27, 2026 |
Diamond Hill Small Cap Fund Chris Welch
|
View | Resilience, Infrastructure Spending, Critical Minerals, Defense Spending, Real Estate | ALGT, ARE, CIVI, CSR, MVBF, ODC, OZK, POST, RKT, SM, TFIN, TKO, TRNS, WCC | defense, industrials, infrastructure, real estate, Resilience, small cap, value, volatility |
| 2025 Q4 | Jan 14, 2026 |
Riverwater Partners Small Cap Strategy Adam Peck
|
View | AI, Nuclear, Natural Gas, Infrastructure Spending | ADEA, AMD, ATMU, ATRC, BHST, BKH, CNX, DIS, HSTM, ITGR, KGS, LEU, LMNR, LOPE, MOD, NPKI, PLMR, STKL, VECO, WRBY | AI, financials, healthcare, infrastructure, Natural Gas, nuclear, Quality, small caps |
| 2025 Q4 | Feb 12, 2026 |
Vergent Asset Management LLP Ali Alnasser
|
View | Capital Markets, Infrastructure Spending | - | emerging markets, energy, infrastructure, MENA, Reform, Regional, Valuations |
| 2025 Q4 | Jan 20, 2026 |
Polaris International Equity Bernard Horn
|
View | AI, Energy Transition, E-commerce, Copper, Semiconductor Cycle, Infrastructure Spending | 000270.KS, 000660.KS, 005930.KS, 1299.HK, 2318.HK, 267270.KS, 5871.TW, 6758.T, 8001.T, 8002.T, 8591.T, 8729.T, BABA, BARN.SW, CAP.PA, DHL.DE, IAG.L, JAZZ, LIN, LTM, LUN.TO, MG.TO, ML.PA, NVS, NXT.L, VIPS, YAR.OL | Asia, diversification, Europe, industrials, international, Outperformance, technology, value |
| 2025 Q4 | Jan 9, 2026 |
Davidson Investment Advisors Andrew Davidson
|
View | Rates, Dollar, Infrastructure Spending | - | Dollar, equities, Fed, infrastructure, international, Municipal, rates, Yields |
| 2025 Q4 | Jan 29, 2026 |
abrdn International Small Cap Fund Kirsty Desson
|
View | AI, Infrastructure Spending, Defense Spending | GAW.L, RNK.DE | AI, defense, gaming, infrastructure, international, Japan, small cap, Taiwan |
| 2025 Q4 | Jan 15, 2026 |
Anchor Capital Advisors William P. Rice
|
View | AI, Earnings, Trade Policy, Infrastructure Spending, Defense Spending | - | AI, defense, earnings, equities, global, infrastructure, monetary policy, Trade Policy |
| 2025 Q4 | Mar 6, 2026 |
Bumbershoot Holdings Jason Ursaner
|
View | AI, Gold, Semiconductors, Liquidity, Infrastructure Spending, Fertilizers | CAMT, CF, CTRA, FSLR, Gold, GOOGL, HRI, IPI, KGF.L, LGND, MDGL, MU, NPKI, NTR, ORN, OSIS, OSK, VKTX, VMEO, VPG | Concentration, liquidity, Multi-Strat, Reflation, Selection, semiconductors, technology, value |
| 2025 Q4 | Jan 21, 2026 | View | AI, Defense, Gaming, Cybersecurity, Infrastructure Spending, Biotechnology | ALL, AME, ARGX, AXON, CASY, COR, CRS, CSL, DASH, EME, HOOD, INSM, ORLY, PINS, POOL, RGEN, ROST, TPG, TTWO, VEEV | AI, consumer, financials, growth, healthcare, industrials, mid cap, technology | |
| 2025 Q4 | Jan 5, 2026 |
First Eagle Investments James Fellows
|
View | AI, Gold, Private Credit, Copper, Infrastructure Spending | BIO, GMEXICOB.MX, TSM | AI, Copper, global value, gold, infrastructure, municipal bonds, private credit, small cap |
| 2025 Q4 | Jan 29, 2026 |
abrdn U.S. Small Cap Equity Fund Christopher Colarik
|
View | Small Caps, Data Centers, Onshoring, Infrastructure Spending | ARCB, ARQT, ATEC, ATZ.TO, AZZ, CARG, CORT, ELF, HLIO, ITGR, LRN, LZB, OSW, PI, REVG, SUPN, TRNO, VIAV | healthcare, industrials, infrastructure, Quality, small caps, technology |
| 2025 Q4 | Jan 5, 2026 |
J.M. Finn & Co. Ltd Charles Bathurst-Norman
|
View | AI, Rates, Infrastructure Spending | - | AI, Bonds, equities, global, inflation, infrastructure, policy, rates |
| 2025 Q4 | Jan 24, 2026 |
Miller Howard Investments Infrastructure Adam Fackler
|
View | Dividends, Nuclear, Data Centers, Infrastructure Spending | AMT, CEG, LNG, MPC, NEE, NGG, PEG, SRE, T, TMUS, TRGP, UPS, VZ, XEL | Data centers, dividends, energy, infrastructure, nuclear, Utilities |
| 2025 Q4 | Jan 14, 2026 |
Jemekk Hedge Fund Gerard Ferguson
|
View | Energy, Precious Metals, Infrastructure Spending, Defense Spending, Canada | CNQ.TO, EIF.TO, FFH.TO, GS, MEG.TO, RTX | aerospace, Canada, commodities, defense, energy, infrastructure, Precious Metals, Resources |
| 2025 Q4 | Jan 30, 2026 |
1290 Essex Small Cap Growth Fund Nancy Prial
|
View | AI, Small Caps, Onshoring, Infrastructure Spending, Defense Spending, Rare Earths | - | AI, defense, energy, growth, infrastructure, semiconductors, small caps, Valuations |
| 2025 Q3 | Oct 9, 2025 |
Stone Sentinel Capital Marcel Gozali
|
View | Dividends, Construction, Infrastructure Spending, Real Estate | 0161.HK, 5238.KL | Asia, Construction, dividends, real estate, small caps, value |