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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 22, 2025 | Polaris Global Equity | 8.4% | 12.8% | 000660 KS, 8002 JP, GNC LN, JAZZ, LTM, UNH | diversification, fundamentals, Global Equities, Governance, Revaluation | The letter highlights global equity opportunities driven by valuation normalization outside crowded U.S. mega-cap stocks. Management emphasizes diversification, fundamentals, and exposure to markets undergoing structural or political reform. South Korea is cited as a key beneficiary of governance-driven revaluation. | UNH GNC LN 000660 KS 8002 JP |
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| 2025 Q2 | Jul 22, 2025 | Polaris International Equity | 12.4% | 18.8% | 000660 KS, 8002 JP, GNC LN, IAG LN, JAZZ, LTM, NXT LN | diversification, earnings growth, International Equities, Rotation, valuation | The commentary focuses on international equity rotation driven by improving earnings, attractive valuations, and policy reform. Management highlights Europe and Asia as sources of relative opportunity versus the U.S. Active stock selection is positioned as critical amid macro and sector dispersion. | GNC LN 000660 KS 8002 JP |
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| 2025 Q3 | Oct 16, 2025 | Polaris Global Equity | 5.0% | 18.5% | 8002 JP, CG, LKQ, LUN CN, SBH, UTHR | Artificial Intelligence, financials, Global Equities, industrials, semiconductors | The fund notes that global equity performance was supported by enthusiasm for AI and broad-based earnings strength, with particular gains from U.S., Japan, and Canada. It emphasizes that AI infrastructure spending is driving semiconductor and utility demand while global growth remains uneven. Polaris favors diversified exposure to financials, industrials, and defensive sectors as AI-related productivity gains spread beyond technology. | View | |
| 2025 Q3 | Oct 16, 2025 | Polaris International Equity | 4.8% | 24.5% | 8002 JP, 8306 JP, BARN SW, LUN CN, VIPS | Artificial Intelligence, Europe, financials, industrials, semiconductors | The letter highlights a two-speed global economy driven by AI investment versus slower cyclical recovery in other sectors. Strong financial sector results in Japan and Korea support earnings resilience, while AI and semiconductor demand from Samsung and SK Hynix underpin industrial productivity gains. The managers expect Europe and Asia to benefit from diversified industrial and financial leadership as AI adoption broadens. | View | |
| 2024 Q3 | Sep 30, 2024 | Polaris Global Equity | 6.9% | 12.7% | 000270 KS, 055550 KS, 8002 JP, 9433 JP, ABBV, AD NA, BWY LN, INGR, MSFT, MTB, MX CN, TD CN, UTHR | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 8, 2026 | Fund Letters | Bernard Horn | Marubeni Corporation | Industrials | Trading Companies & Distributors | Bull | New York Stock Exchange | buybacks, conglomerate, Governance, Japan, Trading | View Pitch |
| Jan 8, 2026 | Fund Letters | Bernard Horn | Marubeni Corporation | Industrials | Trading Companies & Distributors | Bull | New York Stock Exchange | buybacks, diversification, Governance, Japan, Trading | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||