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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 27, 2025 | Diamond Hill Small Cap Fund | 11.8% | -1.1% | AEO, ASH, ASTH, ASUR, AZZ, CIVI, DCO, ENOV, FA, FBIN, GHM, LEU, NSP, PLOW, RRR, STRW, UTZ | alpha, industrials, Intrinsic Value, Resilience, small caps | The commentary focuses on resilient small-cap businesses trading at meaningful discounts to intrinsic value. Defense, infrastructure, and niche industrial exposure are highlighted as long-term tailwinds. Small-cap inefficiency remains a key source of alpha despite macro uncertainty. | AEO ASUR STRW FBIN AZZ UTZ NSP DCO LEU |
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| 2025 Q2 | Jul 27, 2025 | Diamond Hill Small-Mid Cap Strategy | 5.4% | 1.0% | AEO, ASH, ASUR, AZZ, DCO, FA, FBIN, GHM, LEU, NSP, RRR, UTZ | fundamentals, Intrinsic Value, Mean reversion, small caps, value | The letter emphasizes valuation discipline in small- and mid-cap equities where price dislocations persist due to macro uncertainty and risk aversion. Management argues that fundamentals, not sentiment, ultimately drive long-term returns and that many businesses trade below intrinsic value despite stable cash flows. The outlook favors patient capital as earnings normalization and multiple expansion converge. | FCN WCC RRR |
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| 2022 Q2 | Jun 23, 2022 | Citadel Value Fund SICAV | - | - | AEO, BBBY, LIGHT NA, VTSC GR, ZWC1 GR | energy, inflation, Intrinsic Value, valuation, volatility | Valuation: The letter emphasizes that falling valuations create opportunities, with the fund benefiting from a 40% discount to intrinsic value and a disciplined margin-of-safety approach. Markets are still not pricing in lower earnings, and volatility is expected to create further entry points. Inflation: The environment is defined by high inflation, tightening liquidity, slowing demand, and declining consumer confidence. The fund sees macro pressure as transitory but impactful, increasing the importance of strong balance sheets and conservative underwriting. Energy: Energy-exposed holdings (NOV, TGS) rebounded sharply as supply constraints, geopolitical risks and renewed demand drove performance. The fund expects strong multi-year tailwinds given industry underinvestment and tightening capacity. | BCO 3436 JP 005930 KS STLA AEO |
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| 2022 Q4 | Dec 22, 2022 | Citadel Value Fund SICAV | - | - | AEO, BEZ GR, LIGHT NA, MPAC LN, VTSC GR | Automotive, Electrification, energy, Intrinsic Value, valuation | Valuation: Despite market turmoil, the fund maintained capital preservation through strict bottom-up valuation discipline. The portfolio trades at just above 4x operating earnings and 8% FCF yield, offering substantial risk-adjusted upside. Energy: NOV and TGS continued to benefit from tightening energy markets, supply shortages and rising demand for equipment and seismic data. These cyclical recoveries are expected to continue as the sector normalizes. Automotive: Vitesco represents a major themetransition to EV components with a strong order book and expected 40% annual growth. The market underestimates mid-term profitability as electrification scales, creating a mispriced opportunity. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Dec 5, 2025 | Fund Letters | Chris Welch | American Eagle Outfitters, Inc. | Consumer Discretionary | Apparel Retail | Bull | NYSE | Apparel, brands, consumer, Margins, retail | View Pitch |
| Nov 29, 2025 | Seeking Alpha | Seeking Alpha | American Eagle Outfitters, Inc. | Apparel Retail | Bear | American Eagle Outfitters, Customer Acquisition, financial performance, Marketing campaign, meme stock, retail, sales growth, short interest, Sydney Sweeney, Volatility | View Pitch | ||
| Nov 29, 2025 | Fund Letters | Bas Schreuders | American Eagle Outfitters Inc. | Consumer Discretionary | Specialty Stores | Bull | NYSE | Apparel, Cyclicals, Margins, retail, valuation | View Pitch |
| Oct 14, 2025 | Value Investors Club | American Eagle Outfitters Inc. | Consumer Discretionary | Apparel Retail | — | NYSE | Aerie comps rebound, back-to-school season surprise., share count reduction boosts EPS, Viral ad drives denim traffic | 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. | ||||||||