AGYS Archives

AGYS

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Aug 7, 2025	NCG Small Cap Growth Strategy	12.7%	-1.9%	AAON, AGYS, ALHC, AVPT, CDNA, CELH, CRS, CWK, ELF, GDYN, GWRE, HXL, INOD, MTSI, RXST, SAIA, SPRY, STRL, TMDX, TTAN	growth, healthcare, infrastructure, rates, small cap, technology, Trade Policy	Small cap growth stocks participated in the recent market rally, but further opportunity exists. The rolling 10-year annualized return by small vs large stands at -7.3% and is the worst ever going back to 1926, and the valuation of the small cap sector relative to large caps is in the 5th percentile historically.		View
2024 Q2	Aug 2, 2024	Alger Small Cap Focus Fund	6.4%	5.9%	AGYS, CABA, KRUS, MAR, NTRA, RGEN, WING	AI, Cloud, Genomics, growth, healthcare, small caps, technology	AI is at an inflection point, potentially enabling significant increases in productivity. Growing confidence in AI capabilities boosted large cap technology stocks during the quarter. The fund sees AI as creating attractive investment opportunities.	RGEN KRUS CABA AGYS NTRA WING	View
2025 Q2	Aug 19, 2025	Prosper Stars & Stripes	9.6%	-0.8%	AGYS, AZTA, BIO, EXPO, FTAI, HELE, KRMN, LASR, MGNI, PACK, SPHR, TATT, TKNO	aerospace, AI, Biotechnology, defense, Long/Short, Rate Cuts, small caps, tariffs	Defense spending has strengthened with clearer priorities, particularly in missile and drone defense reflecting modern warfare evolution. The fund identified nLIGHT as a beneficiary of increased spending on laser-based anti-missile and anti-drone systems, which offer cost-efficient solutions with low cost per shot and unlimited magazine capacity.		View
2025 Q2	Jul 27, 2025	Thornburg Small/Mid Cap Core Fund	10.4%	-2.3%	AGYS, AVTR, BJ, BMRN, CLH, COHR, CWST, CYTK, FTI, LPLA, MYRG, NTNX, PNFP, RPAY, SXT, TXNM, VRT, WD	Barbell, cyclicals, Domestically Focused, Risk Appetite, small caps, Trade Policy, valuation	Trump administration's Liberation Day tariff package sparked early April selloff, though temporary pause in tariff escalation helped drive market recovery. Tariffs remain an overhang and source of ongoing policy uncertainty, but small and mid-cap companies may be insulated as many are domestically focused and less reliant on global supply chains.		View
2025 Q2	Jul 22, 2025	Conestoga Mid Cap Composite	3.5%	4.5%	AAON, AGYS, BFAM, CWAN, CWST, DGII, DSGX, ESE, EXPO, FSS, FSV, JBTM, MLAB, MMSI, NEOG, NOVT, RBC, ROAD, SLP, STVN	growth, industrials, infrastructure, Quality, small cap, tariffs, technology	Federal infrastructure investment is driving robust demand in road maintenance and construction markets. Construction Partners has been a leader in seven of the past nine quarters due to this infrastructure spending. The company reported solid fiscal 2Q results with organic revenue increases and record backlog figures.	MTD NET FICO AAON POOL ROP WSO WCN CPRT VEEV IDXX GWRE HEI.A BSY	View
2025 Q2	Jul 22, 2025	Conestoga Small Cap Composite	4.8%	-7.1%	AAON, AGYS, BFAM, CWAN, CWST, DGII, DSGX, ESE, EXPO, FSS, FSV, JBTM, MLAB, MMSI, NEOG, NOVT, RBC, ROAD, SLP, STVN	growth, healthcare, industrials, infrastructure, Quality, small cap, tariffs, technology	Federal infrastructure investment is driving robust demand in road maintenance and infrastructure markets. Construction Partners has been a leader in seven of the past nine quarters due to this infrastructure spending. The company reported solid fiscal 2Q results with organic revenue increases and record backlog figures.	SLP KIDS SSTI ERII HLMN MEG ROAD WLDN PL	View
2025 Q2	Jul 22, 2025	Conestoga SMid Cap Composite	5.0%	-1.0%	AAON, AGYS, BFAM, CWAN, CWST, DGII, DSGX, ESE, EXPO, FSS, FSV, JBTM, MLAB, MMSI, NEOG, NOVT, RBC, ROAD, SLP, STVN	growth, industrials, infrastructure, Quality, small cap, tariffs, technology	Federal infrastructure investment is driving robust demand in road maintenance and construction markets. Construction Partners has been a leader in seven of the past nine quarters due to this infrastructure spending. The company reported solid fiscal 2Q results with organic revenue increases and record backlog figures.	RBC GWRE AXON ROAD	View
2025 Q2	Jul 22, 2025	Conestoga Micro Cap Composite	15.7%	6.1%	AAON, AGYS, BFAM, CWAN, CWST, DGII, DSGX, ESE, EXPO, FSS, FSV, JBTM, MLAB, MMSI, NEOG, NOVT, RBC, ROAD, SLP, STVN	growth, healthcare, industrials, infrastructure, Quality, small cap, tariffs, technology	Federal infrastructure investment driving robust demand in road maintenance and construction markets. Construction Partners has been a leader in seven of the past nine quarters due to this infrastructure spending tailwind.	TWST	View
2025 Q2	Jul 21, 2025	Wasatch Small Cap Growth Strategy	-	-	AGYS, BRBR, CWAN, FN, GSHD, NVMI	AI, growth, Quality, small caps, technology, volatility	Two technology companies benefited from increasing artificial intelligence usage. Fabrinet makes optical components for data centers while Nova sells metrology systems for semiconductor manufacturing. AI has been a popular investment theme driving stock performance.	AGYS NVMI FN GSHD CWAN BRBR GSHD	View
2025 Q2	Jul 1, 2025	Langdon Global Smaller Companies	10.5%	10.5%	AGYS, AND.TO, FEVR.L, JLG.AX, TOI.TO	global, healthcare, industrials, Quality, small caps, technology, value	The manager sees attractive opportunities in industrial software and highlights Agilysys as benefiting from structural modernization trends in hospitality. Their software platform is becoming mission-critical for hotels and casinos upgrading property management systems, with the company still in early innings of capturing wallet share globally.	FEVR.L CHA.DE TOI.TO ATG.L AHG.TO AGYS JLG.AX	View
2026 Q1	Apr 29, 2026	Alger Small Cap Focus Fund	-7.6%	-7.6%	AGYS, CGNX, NBIS, RBC, RGEN, WGS	AI, Automation, Data centers, defense, energy, healthcare, small cap, technology		AGYS GDYN RGEN CGNX NBIS RBC	View
2026 Q1	Apr 25, 2026	Wasatch Small Cap Growth Strategy	-	-	AGYS, CAMT, ECG, FOUR, NVMI, VITL	AI, growth, small caps, software, technology		ECG CAMT NVMI VITL AGYS FOUR	View
2024 Q1	Apr 15, 2024	Wasatch Small Cap Growth Strategy	7.6%	7.6%	AGYS, CWAN, FIVN, HQY, MEDP, MSTR, NEOG, NVMI, SMCI, YETI	AI, fundamentals, growth, healthcare, semiconductors, small cap, technology	AI and technology broadly drove much of the market returns during Q1, with IT producing approximately half of the Russell 2000 Growth Index's total return. Wasatch has three main considerations regarding AI: avoiding companies whose business models will be materially disrupted, being attracted to companies that can use AI to strengthen competitive positions or reduce costs, and being interested in certain companies directly involved in AI while cognizant of potential asymmetric risks and unreasonable valuations.	AGYS FIVN CWAN YETI HQY NVMI MEDP	View
2025 Q1	Mar 31, 2025	NCG Micro Cap Growth Strategy	14.8%	14.8%	ACVA, AGX, AGYS, ALHC, ALKT, ARQ, ATRO, CSTL, CVLG, DAVA, DCBO, FLYW, FROG, GDYN, HROW, IRTC, MRTN, NEO, OLO, PAL, PDFS, PYCR, SDHC, SMWB, TNDM	growth, healthcare, Micro Cap, small caps, technology, valuation	NCG emphasizes investing in what they believe are the fastest growing and highest quality companies in America. They maintain focus on fundamental growth drivers of each holding and seek companies that can grow revenue and profits at strong rates in any economic environment.		View
2025 Q1	Mar 31, 2025	NCG Small Cap Growth Strategy	-13.0%	-13.0%	AGYS, ALHC, ATRO, BROS, CAVA, ELF, FLYW, FRPT, GLBE, INOD, IRTC, OS, PEGA, PEN, PYCR, QNST, SAIA, SDHC, SITM, VERX	earnings, growth, healthcare, industrials, policy, small cap, technology, Valuations	Strong forces driving increased infrastructure spending in the US have been gaining momentum for the past couple years and remain intact. The new administration is working to accelerate this trend and NCG is finding small companies which are direct beneficiaries.		View
2025 Q1	Mar 31, 2025	NCG SMID Cap Growth Strategy	14.1%	14.1%	AGYS, ALHC, AORT, ATEC, ATRO, BROS, CAVA, FLYW, GLBE, INOD, IRTC, OS, PEGA, PEN, QNST, SAIA, SITM, UTI, VERX, WAY	growth, healthcare, industrials, small cap, technology, uncertainty, underperformance	NCG emphasizes investing in what they believe are the fastest growing and highest quality companies in America. They maintain focus on companies that can grow revenue and profits at strong rates in any economic and market environment. The firm continues to seek high-quality growth companies selected using original research combined with strong sell discipline.		View
2023 Q1	Mar 31, 2023	Driehaus Micro Cap Growth Strategy	2.0%	2.0%	AGYS, ELF, PI, TMDX, UBS, XENE	Banking Crisis, Fed policy, growth, healthcare, inflation, Micro Cap, Recession, technology	Regional bank failures including Silicon Valley Bank and Signature Bank created a banking crisis in March. The crisis was driven by concentrated deposit bases, uninsured deposits, and forced treasury sales at losses rather than credit quality issues. Emergency Fed measures including deposit guarantees and the Bank Term Funding Program helped restore stability.		View
2025 Q3	Nov 11, 2025	Prosper Stars & Stripes	9.8%	8.6%	AGYS, BRBR, GDYN, JACK, KLG, PKE, RAL, TATT, TRNS	aerospace, AI, defense, healthcare, Long/Short, small caps, technology	The fund sees significant opportunities in aerospace companies, particularly those benefiting from maintenance cycles and growth in auxiliary power units. TAT Technologies is positioned to capture market share in the B737 and A320 family aircraft markets with a total addressable market of $2.5 billion.	TATT	View
2025 Q3	Oct 20, 2025	Wasatch Small Cap Growth Strategy	-3.7%	-	AGYS, BRBR, ENSG, FN, FOUR, HQY, INSP, MEDP, NVMI, OLLI, PCTY, PNFP, RBC, SHAK	AI, growth, Quality, semiconductors, small caps, technology, underperformance	The fund focuses on high-quality, long-duration growth companies while markets have favored low-quality stocks with speculative business models. The quality gap between fund holdings and the index is near its widest level in at least a decade based on return on assets metrics.		View
2024 Q2	Jul 25, 2024	Alger Mid Cap Focus Fund	4.6%	18.7%	AGYS, APPF, AXON, BRKR, CDNS, CEG, CELH, DECK, DXCM, HEI, MLM, MU, NTRA, ODFL, PINS, SPOT, TYL, VKTX, VRT	growth, healthcare, industrials, mid cap, technology			View
2024 Q2	Jun 30, 2024	Conestoga Small Cap Composite	10.1%	7.8%	AGYS, ALTR, CWST, DGII, DH, DSGX.TO, EXPO, LMAT, MMSI, MODN, MSA, PYCR, RGEN, SITE, SLP, SPXC, SSD, STVN, TREX, ULS	Bioprocessing, growth, healthcare, industrials, small caps, software, technology	Manager discusses the current period as peak pessimism for small caps, with private equity and delayed IPOs shrinking the universe. However, they believe the current prophecy of permanent large cap tech dominance has the cautionary ring of 'it's different this time' and note that relative valuations hover near early 2000s lows.		View
2025 Q1	Mar 31, 2025	Alger Small Cap Focus Fund	-21.8%	-21.8%	AGYS, FTAI, GWRE, NARI, SYK, WGS, XMTR	AI, Cloud, Genomics, healthcare, Medical Devices, small caps, technology, volatility	The emergence of advanced AI models from China demonstrated capabilities comparable to leading U.S. models but at significantly lower development costs. This prompted investors to reassess the substantial capital expenditures of U.S. large-cap technology companies, resulting in a sell-off in AI-related stocks and concerns over the potential returns on domestic AI initiatives. AI is at an inflection point, potentially enabling significant increases in productivity.	FTAI XMTR AGYS GWRE GDXH NARI	View
2025 Q1	Mar 31, 2025	Alger Weatherbie Specialized Growth Fund	-19.5%	-19.5%	AGYS, PGNY, PLMR, SMTC, UPST, VSEC	AI, financials, growth, healthcare, industrials, small cap, technology	The emergence of advanced AI models from China demonstrated capabilities comparable to leading U.S. models but at significantly lower development costs, prompting investors to reassess substantial capital expenditures of U.S. large-cap technology companies and resulting in a sell-off in AI-related stocks. The fund continues to observe AI as being at an inflection point, potentially enabling significant increases in productivity.	AGYS UPST SMTC PGNY PLMR VSE	View
2025 Q1	Mar 31, 2025	Wasatch Small Cap Growth Strategy	-	-	AGYS, BROS, FRPT, GLOB, ITCI, JNJ, RBC	AI, growth, management, Quality, small cap, Trade Policy, volatility	Tariffs and potential trade war have weighed on markets and raised concerns about global economic growth. The uncertainty surrounding tariffs and their macroeconomic impact underscores the importance of investing in high-quality businesses with good management teams.	RBC BROS FRPT AGYS GLNT	View
2025 Q1	Mar 31, 2025	Wasatch Long/Short Alpha Fund	-	-	AGYS, BROS, FRPT, ITCI, RBC	AI, growth, Quality, small cap, Trade Policy, volatility	Businesses are in the early innings of implementing AI into their processes and Globant will be a key beneficiary of this trend over the long term. Global IT spending has been sluggish but AI implementation represents a significant opportunity.	RBC BROS ITCI FRPT AGYS GLNT	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
May 1, 2026	Fund Letters	Alger Small Cap Focus Fund	Agilysys, Inc.	Software - Application	Software	Bull	NASDAQ	cloud-native, Hospitality Software, Hotels, Point of Sale, property management, recurring revenue, SaaS, subscription revenue	View Pitch
Apr 28, 2026	Fund Letters	Wasatch Small Cap Growth Strategy	Agilysys, Inc.	Software - Application	Application Software	Bull	NASDAQ	AI integration, Contract Stickiness, Free Cash Flow, Hospitality Software, Marriott, niche expertise, Point of Sale, property management	View Pitch
Apr 13, 2026	Fund Letters	Langdon Global Smaller Companies	Agilysys	Information Technology	Application Software	Bull	NASDAQ	Casinos, hospitality, Hotels, Modernization, property management, recurring revenue, SaaS	View Pitch
Apr 13, 2026	Fund Letters	Alger Small Cap Focus Fund	Agilysys, Inc.	Information Technology	Application Software	Bear	NASDAQ	Guidance cut, Hospitality Software, International Sales, Managed Food Service, Point of Sale, Product Transition, Revenue Shortfall	View Pitch
Apr 13, 2026	Fund Letters	Alger Weatherbie Specialized Growth Fund	Agilysys, Inc.	Information Technology	Application Software	Neutral	NASDAQ	Application Software, Food service, Hospitality Software, International Sales, Point of Sale, Product Transition, property management	View Pitch
Apr 13, 2026	Fund Letters	Wasatch Small Cap Growth Strategy	Agilysys, Inc.	Information Technology	Application Software	Bull	NASDAQ	growth, Hardware, Hospitality Software, Point of Sale, recurring revenue, Software	View Pitch
Apr 13, 2026	Fund Letters	Wasatch Long/Short Alpha Fund	Agilysys, Inc.	Information Technology	Application Software	Bull	NASDAQ	Business Mix Shift, Hospitality Software, Point of Sale, recurring revenue, SaaS, Software Growth	View Pitch
Apr 13, 2026	Fund Letters	Alger Small Cap Focus Fund	Agilysys Inc	Information Technology	Application Software	Bull	NASDAQ	Cloud Technology, Hospitality Software, Marriott Partnership, Omnichannel, Point of Sale, post-COVID recovery, Property Management Systems, subscription revenue	View Pitch
Apr 13, 2026	Fund Letters	Wasatch Small Cap Growth Strategy	Agilysys, Inc.	Information Technology	Software	Bull	NASDAQ	Cloud software, Hospitality Software, Marriott Partnership, Mobile Solutions, property management, Travel Recovery	View Pitch
Apr 13, 2026	Fund Letters	Wasatch Small Cap Growth Strategy	Agilysys, Inc.	Information Technology	Application Software	Bull	NASDAQ	Digital transformation, Hospitality Software, market share gains, niche market, recurring revenue	View Pitch
Jan 8, 2026	Fund Letters	Ken Korngiebel	Agilysys, Inc.	Information Technology	Software	Bull	NASDAQ	contrarian, Execution Issues, Hospitality Software, Management Meeting, market share	View Pitch
Nov 29, 2025	Fund Letters	Greg Dean	Agilysys, Inc.	Information Technology	Application Software	Bull	NASDAQ	cloud, hospitality, recurring revenue, SaaS, vertical software	View Pitch
Oct 29, 2025	Seeking Alpha	Seeking Alpha	Agilysys, Inc.		Software - Application	Neutral		adjusted EBITDA, Agilysys, cross-sell potential, Enterprise software, Gross margin, hospitality industry, Marriott deal, Revenue Growth, travel sector risks, valuation multiples	View Pitch

BSD Shareholders of AGYS

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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.

AGYS

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