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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 20, 2025 | Lux Capital | - | - | AAPL, AMZN, ASML, BTC-USD, CAT, GOOGL, GPRO, KKD, META, MSFT, NVDA, TSLA | AI, Biotechnology, defense, Friction Frontier, Robotics, semiconductors, Space, Venture Capital | AI infrastructure capex surge consuming 5% of U.S. GDP, comparable to 2000 tech boom. Market split between closed models (OpenAI, Anthropic) with high margins but rapid capital burn versus open-source alternatives achieving near-parity performance. Verification and labeled nuance becoming the rate-limiting step for AI progress rather than compute power. | View | |
| 2025 Q2 | Jun 26, 2025 | Ninepoint | - | - | BTC-USD, MSTR | AI, crypto, energy, fixed income, gold, infrastructure, Natural Gas, Trade Policy | President Trump's attack on the global trading system has introduced new layers of uncertainty, rattling financial markets and forcing investors to reevaluate outlooks. The threat of tariffs will likely weigh on investor sentiment, with unpredictable announcements adding confusion. Global appetite for U.S. assets is set to wane due to policy uncertainty. | View | |
| 2024 Q1 | May 23, 2024 | Pantera Capital | 0.0% | 0.0% | BTC-USD, ETH-USD | Bitcoin, Blockchain, crypto, DeFi, Telegram, Tokenization, TON | TON blockchain represents a unique approach where a community integrates blockchain technology rather than creating community from scratch. Telegram's 930 million users provide massive distribution advantage with 14 million daily active users already exceeding Bitcoin and Ethereum. The platform enables seamless crypto onboarding through Wallet in Telegram and supports mini-apps ecosystem. | View | |
| 2025 Q1 | Apr 30, 2025 | T. Bailey UK Responsibly Invested Equity Fund | -4.9% | - | AJB.L, AZN, BEZ.L, BTC-USD, CCC.L, CKN.L, FOUR.L, HIK.L, HLMA.L, IMI.L, ITRK.L, MGAM.L, ORG.L, OXIG.L, RCDO.L, ROR.L, SXS.L, TSCO.L, TSLA, XPS.L | AI, commodities, defense, diversification, Europe, infrastructure, tariffs, volatility | European defense spending surge driven by policy shifts, deadlock in US-Ukraine aid discussions, and pressure on NATO members to boost military budgets. Germany's €500 billion infrastructure and defense spending program boosted regional confidence. The L&G Europe Ex UK Equity UCITS ETF was introduced to access the entire defense value chain and economic impact. | View | |
| 2024 Q4 | Feb 28, 2025 | Kinsman Oak | - | - | AAPL, BTC-USD, COST, NVDA, WMT | AI, Concentration, growth, inflation, Passive, SMID Cap, Speculation, value | The S&P 500 top ten stocks combine for a record-setting 37% of total market capitalization, exceeding the Dot-Com bubble by 14%. MAG7 stocks gained 60.5% versus 13.0% for equal weight index. This concentration creates structural risks as passive fund flows exacerbate momentum effects. | View | |
| 2025 Q3 | Oct 7, 2025 | TYME Advisors | - | - | 3774.T, 3791.T, 4819.T, AAPL, BTC-USD, CBOE, FNV, GOOGL, KTOS, LB.AX, NDAQ, NVDA, PLTR, RTX, TPG, WPM | Armaments, Bitcoin, commodities, defense, gold, inflation, Long/Short, technology | Global armaments spending is accelerating across North America, Europe, and Asia-Pacific driven by renewed great power competition. The US defense budget is pushing toward the trillion-dollar mark with heavy emphasis on R&D and next-generation technology. European nations are dramatically increasing defense spending due to the Ukraine conflict and shifting US policy. | View | |
| 2025 Q3 | Oct 6, 2025 | Schroders Value Perspective Global | - | - | BTC-USD, ETH-USD | AI, crypto, equities, Fed, global, gold, rates, technology | The AI boom continued to drive strong market performance across global equities in Q3 2025. Technology and communication services sectors were strong performers, with renewed enthusiasm for AI helping boost the technology-heavy Nasdaq to record highs. Asian markets, particularly Taiwan and Korea, benefited from continued demand for artificial intelligence and AI-related stocks. | View | |
| 2025 Q3 | Oct 20, 2025 | Carrington Wealth Management | - | - | ^FTSE, ^GSPC, ^HSI, BTC-USD, GLD | AI, Asia, China, Europe, gold, rates, tariffs, Valuations | Asia remains a large overweight position with attractive valuations and strong company balance sheets. Chinese equities were standout performers supported by renewed confidence in the domestic economy. The firm maintains constructive views on China given its solid economic position, low inflation, and healthy growth outlook. | View | |
| 2025 Q3 | Oct 10, 2025 | Pantera Capital | - | - | BTC-USD, ETH-USD, HSDT, SOL-USD | AI, Blockchain, crypto, Fund, IPO, Solana, Treasury | The industry's headwinds have become tailwinds following the US presidential election. The market is increasingly focusing on tokens with sound fundamentals, particularly those with revenue and cash flows, which have outperformed speculative tokens. New regulations and blockchain company IPOs have opened traditional routes to liquidity like IPOs and M&A. | HSDT US |
View |
| 2025 Q4 | Jan 14, 2026 | Miller Value Partners Deep Value Strategies | 0.0% | 0.0% | BTC-USD, STGY | Bitcoin, Economic Growth, Fed, liquidity, monetary policy, rates, small caps, value | The Fed has shifted from quantitative tightening to asset purchases, representing a significant change in monetary policy. The Fed is expected to purchase at least $40 billion in securities in January, reversing years of draining $50 billion per month from the system. This shift is more akin to September 2019 when policymakers reversed course from removing liquidity to firing up the printing presses. The Fed has cut rates six times since the peak range of 5.25%-5.50%, with the latest cut on December 10, 2025. Despite headlines suggesting a pause, the manager argues the Fed has room to act given inflation at 1.85% is below the 2% target. The yield curve spread between two-year and ten-year notes ended 2025 at its highest level in almost four years. The strategies continue to favor small- and mid-cap value names that are more sensitive to marginal economic activity and trade at large valuation discounts to the market as a whole. These positions are expected to benefit from expanding liquidity, economic acceleration, and a strengthening labor market. Bitcoin is mentioned as a technology that historically has often been a major beneficiary of printing press engagement. The fund has exposure to Bitcoin via an investment in Strategy Inc. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Mar 16, 2026 | Substack | Special Situation Investing | Bitcoin | Cryptocurrency | Digital Currency | Bull | Bitcoin, Blockchain, cryptocurrency, Divisibility, Gold, market cap, Scarcity, Security, Store-Of-Value, Yield Generation | View Pitch | |
| Dec 5, 2025 | Fund Letters | Drew | Bitcoin | Other | Blockchain & Digital Assets | Bull | Bolsas y Mercados Españoles (Madrid) | Currency debasement, Macro, network effects, Scarcity, Store-Of-Value | 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. | ||||||||