Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 18, 2025 | Seven Corners Capital | - | 11.0% | ACT, CART, COOP, GNW, HHH, PSHZF, RFIN, RKT, SD, TPB | Compounding, concentrated, discount, energy, financials, technology, value | Turning Point Brands benefits from steady, high-quality compounding business model via Zig-Zag and Stoker's brands, which should benefit from tailwind in long-term decline of traditional cigarettes. Stoker's FRE brand of smokeless tobacco is growing at extremely high rate with Modern Oral sales up nearly 10-times versus prior year. | RKT SD CART GNW TPB PSHZF |
View |
| 2024 Q1 | Apr 15, 2024 | Seven Corners Capital | 14.0% | 0.0% | ACT, GNW, PSHZF, RKT, SD, TPB | activism, discount, energy, financials, Tobacco, value | The fund maintains a significant energy position in Sandridge Energy, betting on secular decline in O&G drilling combined with inflation revival supporting carbon-based energy prices. The thesis is that if you own O&G assets, then ESG is your friend. The company has cut unnecessary expenses to the bone and maximized free cash flow conversion. | RKT SD TPB GNW PSHZF |
View |
| 2024 Q4 | Dec 31, 2024 | Seven Corners Capital | - | 17.0% | ACT, CART, GNW, HHH, PSHZF, SD, TPB | activism, discount, energy, NAV, value | Portfolio focuses on companies trading at discounts to intrinsic value, including NAV discounts and sum-of-the-parts situations. Multiple holdings trade below their fundamental worth based on asset values. | CART SD GNW TPB PSHZF |
View |
| 2023 Q4 | Dec 1, 2024 | Seven Corners Capital | 14.0% | 0.0% | ACT, GNW, HHC, MACK, PSHZF, SD | activism, discount, energy, Pharmaceuticals, value | Portfolio consists of discount-to-sum-of-parts plays including PSHZF trading at 29% discount to NAV, GNW trading at discount to its 81.6% ACT stake value, and MACK as classic uncorrelated sum-of-parts opportunity. These positions are viewed as theoretically independent of overall market movements. | AAVE-USD MACK GNW PSHZF |
View |
| 2024 Q3 | Nov 1, 2024 | Seven Corners Capital | 14.0% | 0.0% | ACT, GNW, PSHZF, RKT, SD, TPB | Concentration, Discounts, energy, Mortgage, value | The portfolio demonstrates classic value investing principles through concentrated positions in companies trading at significant discounts to intrinsic value. Examples include Genworth Financial trading at a discount to its Enact Holdings stake and Pershing Square Holdings trading at a 31% discount to NAV. The manager seeks to unlock value through corporate actions and discount closures. | SD RKT TPB GNW PSHZF |
View |
| 2025 Q4 | Jan 18, 2026 | Seven Corners Capital | 0.0% | 35.0% | ACT, CART, GNW, HHH, PSHZF, RKT, SD, TPB | concentrated, discount, energy, Mortgage, NAV, Tobacco, value | The portfolio demonstrates a value investing approach with concentrated positions in companies trading at discounts to intrinsic value. Holdings like PSHZF trade at significant discounts to NAV, while GNW trades at a discount to its sum-of-the-parts valuation. Turning Point Brands represents a significant position focused on smokeless tobacco products including Zig-Zag and Stoker's brands. The company's Modern Oral segment grew 627.6% year-over-year, with the FRE brand showing extremely high growth rates. Multiple holdings have mortgage exposure including Genworth Financial through its 80% ownership of Enact Holdings (private mortgage insurance) and Rocket Companies' mortgage origination and servicing business following acquisitions of Redfin and Mr Cooper. Sandridge Energy represents the largest energy holding, positioned for potential oil and natural gas price recovery. The thesis centers on secular decline in drilling combined with inflation supporting carbon-based energy prices going forward. | RKT SD CART GNW TPB PSHZF |
View |
| 2024 Q2 | Jun 30, 2024 | Seven Corners Capital | 14.0% | 0.0% | ACT, GNW, PSHZF, RKT, SD, TPB | activism, Buybacks, Discounts, energy, financials, value | Multiple portfolio companies are actively repurchasing shares. Pershing Square Holdings continues to repurchase shares under its repo program. Genworth Financial has been actively repurchasing its stock in recent quarters. | RKT SD TPB GNW PSHZF |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Aug 8, 2025 | Seeking Alpha | Crimson And Gold Research | Enact Holdings | Financials | Insurance - Specialty | Neutral | NASDAQ | — | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $207,317 | 0.00% | 5,230 | +5,230 | +100.00% | 0.0033% |
| Israel Englander | Millennium Management LLC | $233.2B | $5.6M | 0.00% | 140,093 | -36,863 | -20.83% | 0.0889% |
| Jeremy Grantham | GMO LLC | $39.1B | $415,824 | 0.00% | 10,490 | -1,803 | -14.67% | 0.0067% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $14.6M | 0.02% | 367,855 | +94,505 | +34.57% | 0.2335% |
| Cliff Asness | AQR Capital Management | $190.6B | $8.5M | 0.00% | 214,318 | +30,817 | +16.79% | 0.1360% |
| Mario Gabelli | GAMCO Investors | $10.4B | $741,070 | 0.01% | 18,695 | -267 | -1.41% | 0.0119% |
| Matthew Barrett | Glendon Capital Management | $1.7B | $51.5M | 3.07% | 1,298,718 | +0 | +0.00% | 0.8242% |
| Kevin M. Keeley | Keeley-Teton Advisors, LLC | $824.8M | $3.8M | 0.46% | 109,866 | -11,640 | -9.58% | 0.0611% |