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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q4 | Dec 31, 2024 | Moerus Capital Management | - | 16.0% | 0388.HK, 1821.HK, 1910.HK, AAL.L, ARCO, BAJAJHLDNG.NS, BMA, CBD, DESP, DGX, EFX.TO, GGAL, IDFCFIRSTB.NS, JEF, MEG.TO, NTCO, STAN.L, TID, TSGYO.IS, UCG.MI | Argentina, Banking, contrarian, fundamentals, Hong Kong, international, Turkey, value | Three of the Fund's five largest positive contributors came from Argentina, including Grupo Financiero Galicia, Despegar.com, and Banco Macro. The manager built positions in Argentine banks at discounted prices reflecting extreme pessimism from macro chaos, believing they were well-positioned as international players fled the market. Early signs of improvement under the Milei administration, including fiscal surplus and deceleration in inflation, drove strong performance. | View | |
| 2023 Q2 | Jul 17, 2023 | Capicraft Investment Partners | 0.0% | 0.0% | BBAS3.SA, BMA, CCJ, HSBK.L, RRC | Argentina, Brazil, Currency, emerging markets, energy, REITs, uranium, value | The uranium market is in early stages of a contract cycle where price-insensitive nuclear plants must negotiate for limited uranium production. Western policymakers are recognizing limitations of solar and wind power while the rest of the world builds nuclear stations. The fund holds three uranium positions totaling about 7% of assets. | HSBK.KZ BBAS3.SA BMA ACCOR RRC |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Capicraft Investment Partners | Banco Macro S.A. | Financials | Banks | Bull | NYSE | Argentina, banking, Emerging markets, Equity, Political Reform, South America | 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. | ||||||||