CABK-MC

CABK-MC

CABK-MC

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Aug 11, 2025	VGI Partners	-	-	000660.KS, 7282.T, A5G.L, AMZN, BIRG.L, CABK.MC, ENT.L, FLTR.L, LLOY.L, META, RMV.L, TSM	AI, Asia, Energy Transition, Europe, financials, gaming, semiconductors, technology	Portfolio benefited from large-scale ongoing investment into artificial intelligence infrastructure and hardware, particularly through semiconductor positions in SK Hynix and TSMC. AI represents a key structural growth trend the team continues to focus on.	ENT LN	View
2025 Q2	Jul 23, 2025	PM Capital Australian Companies Fund	5.3%	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	commodities, Copper, European Banks, gaming, gold, Onshoring, Trade Policy	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. European banks trade on significantly lower valuation multiples than their US and Australian peers.	NEM FCX SIE.DE BIRG.I INGA.AS CABK.MC LLOY.L	View
2025 Q2	Jul 23, 2025	PM Capital Enhanced Yield Fund	1.3%	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	Banking, commodities, Copper, European Union, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.		View
2023 Q2	Jul 18, 2023	Sandhill Investment Management	-	22.3%	1928.HK, 2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DEO, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, NEM.AX, RI.PA, SHEL, SIE.DE, SNY, SPEC.L, TECK, WYNN	Automation, commodities, Copper, European Banks, gaming, gold, Onshoring, value	European banks are significantly undervalued relative to US and Australian peers, trading at circa 8x earnings. Rising infrastructure and defence spending in Europe could stimulate industrial activity and credit demand, supporting a recovery that could take years to play out fully.	AIBG.L NEM SCCO LYG	View
2023 Q2	Jul 14, 2023	GDS Investments	-	-	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZJ.AX, CABK.MC, CIP.AX, COL.AX, CS1.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MSCI, NEE, NEM, NST.AX, QUB.AX, TECK, WYNN	AI, Banking, commodities, Copper, Europe, gold, Macau, Onshoring, value	Portfolio heavily weighted toward copper producers including Teck Resources, Freeport-McMoRan, and Grupo Mexico. Copper prices rose 5% in September following supply disruptions at major mines. Several high-profile supply issues this year have shifted market expectations from surplus to deficit heading into 2026.		View
2023 Q2	Jul 14, 2023	Peak Asset Management	-	-	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZJ.AX, CABK.MC, CIP.AX, COL.AX, CS1.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MSCI, NEE, NEM, NST.AX, QUB.AX, TECK, WYNN	Banking, commodities, Copper, Europe, gold, Macau, Mining, value	Portfolio heavily weighted toward copper producers including Teck Resources, Freeport-McMoRan, and Grupo Mexico. Copper prices rose 5% in September following supply disruptions at major mines. The Grasberg mine accident and other supply issues shifted market expectations from surplus to deficit heading into 2026.		View
2024 Q2	Jul 12, 2024	Lexington Wealth Management	-	-	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZJ.AX, CABK.MC, CIP.AX, COL.AX, CS1.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, KKR, LLOY.L, MIN.AX, MSCI, NEE, NEM, NEX.PA, NST.AX, QUB.AX, SPEC.L, TECK, VK.PA, WYNN	Banking, commodities, Copper, cyclicals, Europe, gold, value	Fund maintains heavy exposure to copper producers including Teck Resources, Freeport-McMoRan, and Grupo Mexico. Copper prices rose 5% in September following supply disruptions at major mines. The Freeport Grasberg mine accident significantly reduced output and shifted market expectations from surplus to deficit heading into 2026.		View
2024 Q2	Jul 11, 2024	TEAM Asset Management	-	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	Banking, commodities, Copper, European Union, gaming, gold, Onshoring	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defense spending in Europe will stimulate industrial activity and credit demand. European banks are the largest theme in the global strategy with holdings in Lloyds, CaixaBank, ING Groep, and Bank of Ireland trading at lower valuation multiples.	AIBG.I NEM FCX SIE.DE BIRG.I INGA.AS CABK.MC LLOY.L	View
2025 Q2	Jun 30, 2025	City Different Investments – Multi-Cap Core	12.3%	8.1%	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZJ.AX, CABK.MC, CIP.AX, COL.AX, CS.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MIN.AX, MSCI, NEE, NEM, NEX.PA, NST.AX, QUB.AX, SXS.L, TECK, WYNN	Banking, Casinos, commodities, Copper, global, gold, value	Fund maintains heavy exposure to copper producers including Teck Resources, Freeport-McMoRan, and Grupo Mexico. Copper prices rose 5% in September following supply disruptions at major mines. The Grasberg mine accident significantly reduced output and shifted market expectations from surplus to deficit heading into 2026.		View
2023 Q1	May 31, 2023	GDS Investments	-	-	1928.HK, 2282.HK, A91.L, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, MSCI, NEE, NEM, NEM.AX, NEX.PA, QUB.AX, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK.TO, VK.PA, WOW.AX, WYNN	commodities, Copper, defense, European Banks, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defense spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.	FCX SIE.DE	View
2023 Q1	Apr 14, 2023	Peak Asset Management	-	-	1928.HK, 2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSC.AX, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPC.L, TECK, WYNN	commodities, Copper, Defense Spending, European Banks, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.	SIE.DE FCX NEM AIBG.I BIRG.I INGA.AS CABK.MC LYG	View
2024 Q1	Apr 11, 2024	Lexington Wealth Management	-	-	1928.HK, 2282.HK, A91.L, BIRG.I, CABK.MC, CGF.AX, DGE.L, FCX, HEIA.AS, INGA.AS, LLOY.L, NEM, NEM.AX, RI.PA, SHEL.L, SIE.DE, SNY, SPN.L, TECK, WYNN	commodities, defense, European Banks, gaming, infrastructure, Onshoring, undervalued, value	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth.		View
2025 Q1	Mar 31, 2025	Pzena Investment Management	-	-	005930.KS, AKE.PA, BABA, BAER.SW, BAX, BIRG.L, CABK.MC, CVS, DOW, GSK.L, HUN, KOP, ML.PA, NVDA, NVTA, SBRY.L, TCEHY, TESCO.L, TSM, TSMC, UIS	AI, Banking, Chemicals, Europe, risk management, semiconductors, tariffs, value	Broad-based tariffs announced in April created significant market volatility and uncertainty. The firm uses its risk framework to assess tariff impacts on portfolio companies, examining business models, balance sheets, and competitive positioning. Many holdings have reduced Chinese exposure since 2018-2019 tariffs.	005930.KS	View
2025 Q1	Mar 31, 2025	Pzena International Value ADR Strategy	11.2%	11.2%	6479.T, 6762.T, AKE.PA, BABA, CABK.MC, GSK, ING, MG, OTP.BD, SBRY.L, STAN.L	Europe, financials, healthcare, international, Outperformance, value	European banks CaixaBank and ING Groep provided strong outlooks affirming earnings sustainability and capital robustness even in declining interest rate environments, with plans to continue significant capital returns to shareholders. The portfolio maintains overweight positioning in cyclical financials.	GSK	View
2025 Q1	Mar 31, 2025	City Different Investments – Multi-Cap Core	-3.7%	-3.7%	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	commodities, Decoupling, European Banks, gaming, Onshoring, tariffs, undervalued, value	European banks are significantly undervalued relative to US and Australian peers, trading at circa 8x earnings. Rising infrastructure and defense spending in Europe could stimulate industrial activity and credit demand, supporting a recovery that could take years to play out fully.		View
2024 Q1	Mar 31, 2024	Tarkio Fund	-	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	commodities, Copper, European Banks, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.		View
2025 Q4	Feb 10, 2026	PM Capital Enhanced Yield Fund	0.8%	4.6%	2282.HK, 8570.PA, APO, BAER.L, BHP.AX, CABK.MC, CGF.AX, COL.AX, CRN.L, CS.AX, FCX, FDV.AX, FOXA, HEIA.AS, IMI.L, INGA.AS, LLOY.L, NEM, NSC, NST.AX, QUB.AX, RPRX, SHL.DE, SMR.AX, TECK, TSCO.L, UNP, WDS.AX, WOW.AX	Bonds, credit, fixed income, inflation, rates, Yield	Despite signs of re-emergence of higher inflation across major global developed economies including Australia in the December quarter, the fund delivered positive returns. Australian bond yields increased significantly with three year bonds rising over 60 basis points and 10 year bonds almost 50 basis points, representing a shift from rate cut expectations to multiple rate increase expectations in 2026. The fund increased exposure to fixed interest rates during the quarter as markets became overly optimistic about cash rate increases in 2026. Management believes multiple rate increases would put notable downward pressure on the economy given cost-of-living pressures and higher house prices remain issues.		View
2025 Q4	Feb 10, 2026	PM Capital Global Companies Fund	7.8%	38.3%	2282.HK, APO, BARC.L, BHP.AX, CABK.MC, CGF.AX, CRN.L, CS.AX, FCX, FDV.AX, FOXA, IMI.L, LLOY.L, NEM, NSC, NST.AX, SHL.DE, SMR.AX, TECK, UNP	Banking, commodities, Copper, Europe, gold, infrastructure, Railroads, value	Copper surged 17% over the quarter, driven by supply risks and production disruptions at major mines. Portfolio holdings Freeport McMoRan, Teck Resources, and BHP delivered strong performance. The fund maintains conviction in copper due to tightening supply, record prices, and geopolitical uncertainty. Gold gained 12% in the quarter, reaching record highs and delivering extraordinary 64% gains for 2025. Monetary policy uncertainty and geopolitical tensions provided positive backdrop. Portfolio holdings Newmont and Northern Star Resources contributed meaningfully to performance. Union Pacific's proposed merger with Norfolk Southern would create the first coast-to-coast rail network in the US, potentially unlocking rail's potential to capture long-distance freight. The unified network could benefit broader US supply chains and provide the next leg of growth for an industry that has relied on efficiency gains. European banking sector produced strong outperformance led by Bank of Ireland, Lloyds Banking Group, and CaixaBank. Sector returns supported by interest rate stabilization and yield curve steepening. The market is transitioning toward improving organic loan growth after fifteen years of stagnant credit activity.	CRN LN APO SHL GR UNP LLOY LN BIRG LN IMI LN TECK FCX	View
2024 Q3	Oct 9, 2024	TEAM Asset Management	-	-	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZJ.AX, CABK.MC, CIP.AX, COL.AX, CS.AX, EDV.AX, EGLE, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MIN.AX, MSCI, NEE, NEM, NST.AX, QUB.AX, TECK, WYNN	Banking, commodities, Copper, cyclicals, Europe, gold, Macau, value	Portfolio heavily weighted towards copper producers including Teck Resources, Freeport-McMoRan and Grupo Mexico. Copper prices rose 5% in September following major accident at Freeport's Grasberg mine, shifting market expectations from surplus to deficit heading into 2026. Several high-profile supply issues this year have supported copper fundamentals.		View
2025 Q3	Oct 6, 2025	Brummer Multi-Strategy Fund	-	-	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZN.AX, CABK.MC, CIP.AX, CS1.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MIN.AX, NEM, NST.AX, QUB.AX, SXS.L, TECK, WYNN	Banking, commodities, Copper, cyclicals, Europe, gold, value	Fund maintains heavy exposure to copper producers including Teck Resources, Freeport-McMoRan, and Grupo Mexico. Copper prices rose 5% in September following supply disruptions at major mines. The Freeport Grasberg accident shifted market expectations from surplus to deficit heading into 2026.		View
2023 Q3	Oct 5, 2023	Sandhill Investment Management	-	12.4%	1928.HK, 2282.HK, AIR.PA, ALD.AX, AZJ.AX, CABK.MC, CIP.AX, COL.AX, CS1.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MSCI, NEE, NEM, NST.AX, QUB.AX, TECK, WYNN	Banking, commodities, Copper, cyclicals, Europe, gaming, gold, value	Portfolio heavily weighted toward copper producers including Teck Resources, Freeport-McMoRan, and Grupo Mexico. Copper prices rose 5% in September following supply disruptions at major mines. The Freeport Grasberg accident shifted market expectations from surplus to deficit heading into 2026.		View
2025 Q3	Oct 20, 2025	Baillie Gifford -International All Cap	1.0%	13.6%	000333.SZ, 005930.KS, 0388.HK, 0700.HK, 1299.HK, 300750.SZ, 4519.T, 4612.T, 4911.T, 6098.T, 6273.T, 669.HK, 6861.T, 7733.T, 7741.T, 7980.T, 8035.T, 8113.T, ABI.BR, ADYEN.AS, AHT.L, AI.PA, ASML, ASSA-B.ST, ATCO-A.ST, AUTO.L, B3SA3.SA, BHP, BIM.PA, BNZL.L, CABK.MC, CFR.SW, DSV.CO, EPIROCK-A.ST, EXO.MI, EXPN.L, FEMSAUBD.MX, GAW.L, GRG.L, HDB, IMCD.AS, INVEB.ST, ITRK.L, JMT.LS, LONN.SW, MC.PA, MELI, NEM.DE, PRX.AS, RADL3.SA, RCO.PA, RMV.L, ROG.SW, RYA.L, SCT.L, SEB-A.ST, SIK.SW, SOI.PA, SPOT, SPX.L, TRN.L, TSM, TTE, UBS, UL, UOB.SI, WALMEX.MX, WEIR.L, WISE.L	AI, Asia, Europe, growth, healthcare, international, semiconductors, technology	Artificial Intelligence remained a dominant theme during the quarter, with several perceived beneficiaries rallying. Rising demand for AI-related chips is pressuring customers to push into more advanced nodes and adopt EUV technology. The rapid adoption of AI applications and high-performance computing is driving unprecedented orders for leading-edge technologies.		View
2025 Q3	Oct 20, 2025	PM Capital Enhanced Yield Fund	1.3%	-	1928.HK, 2282.HK, AIR.PA, AZJ.AX, CABK.MC, CNI.AX, COL.AX, CS.AX, EDV.AX, FCX, FDV.AX, GMEXICOB.MX, HSBA.L, LLOY.L, MIN.AX, NEM, NST.AX, QUB.AX, TECK, WYNN	AI, Banking, commodities, Copper, global, gold, Onshoring, value	Portfolio heavily weighted towards copper producers including Teck Resources, Freeport-McMoRan and Grupo Mexico. Copper prices rose 5% in September following major accident at Freeport's Grasberg mine, shifting market expectations from surplus to deficit heading into 2026. Several high-profile supply issues this year including challenges at other major mines.		View
2024 Q3	Oct 11, 2024	Horizon Investment	-	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, DEO, EDV.AX, FCX, FDV.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SHEL, SIE.DE, SNY, SPEC.L, TECK.TO, WYNN	Automation, commodities, Copper, European Banks, gaming, gold, Onshoring	European banks are significantly undervalued relative to US and Australian peers, trading at circa 8x earnings. Expected to benefit from rising infrastructure and defense spending in Europe stimulating industrial activity and credit demand. Holdings include Lloyds Banking Group, CaixaBank, ING Groep, and Bank of Ireland.		View
2025 Q4	Jan 29, 2026	Pzena International Value ADR Strategy	6.3%	35.3%	0027.HK, 2587.T, 6301.T, 6326.T, 6367.T, 6981.T, ABEV, ACN, BABA, BAYRY, CABK.MC, ML.PA, MT, NOK, PUB.PA, VALE	AI, cyclicals, financials, international, materials, value	International value equities benefited from easing trade tensions, improved investor risk appetite, and strong performance across European cyclical sectors. Financials, materials, and selected industrials drove returns as valuation gaps narrowed and earnings expectations improved. The manager continues to exploit market volatility and exaggerated disruption fears, particularly around artificial intelligence, to accumulate high quality international franchises at attractive prices.	VALE ACN 6326 JP	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 27, 2026	Fund Letters	Peak Asset Management	CaixaBank	Financials	Banks	Bull	Madrid Stock Exchange	banking, Equity, Europe, European banks, financials, Spain, undervalued, Value	View Pitch
Apr 13, 2026	Fund Letters	PM Capital Australian Companies Fund	CaixaBank	Financials	Banks	Bull	Madrid Stock Exchange	banking, Equity, Europe, European banks, financials, low valuation, Spain, Value	View Pitch
Apr 13, 2026	Fund Letters	TEAM Asset Management	CaixaBank	Financials	Banks	Bull	Madrid Stock Exchange	Credit Growth, European banks, financials, infrastructure spending, market leader, Spain, Value, yield curve	View Pitch

BSD Shareholders of CABK-MC

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.

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