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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 17, 2025 | Hardman Johnston Global Equity | 16.7% | 17.2% | 6501 JP, BN, CBK GR, ELAN, HWM, LLY, MELI, MRVL, PRX NA, RHM GR, TEAM, TMUS, TSM, UNH, VRTX | AI Demand, Global Growth, industrials, Margins, stock selection | The commentary emphasizes global growth driven by industrial recovery, defense spending, and AI-related demand. Management highlights strong stock selection in companies with margin expansion, pricing power, and visible growth runways. Regional diversification and sector leadership underpin outperformance. | BN MRVL 6501 JP CBK GR UNH TSM LLY VRTX TMUS MELI RHM GR HWM TEAM |
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| 2025 Q2 | Jul 17, 2025 | Hardman Johnston International Equity | 17.4% | 25.5% | 7011 JP, 7269 JP, 8750 JP, AZN LN, CBK GR, DTE GR, IFX GR, MC FP, RHM GR, TSM | earnings resilience, Global Growth, Industrial Recovery, Pricing Power, stock selection | The letter emphasizes durable international earnings growth supported by strong balance sheets, pricing power, and structural demand drivers outside the U.S. Management highlights selective exposure to companies benefiting from industrial recovery, AI-linked capex, and defense-related spending while avoiding macro-sensitive balance sheet risk. The outlook favors disciplined bottom-up stock selection as global growth broadens beyond U.S. mega caps. | TSM 7269 JP RHM GR IFX GR DTE GR 8750 JP CBK GR |
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| 2025 Q3 | Oct 21, 2025 | Hardman Johnston Global Equity | 5.0% | 23.1% | BSX, CBK GR, CTVA, IFX GR, PRX NA, PRY IM, STAN LN, STMPA FP, TEAM, TSM, VRTX | AI, Europe, financials, Global Equities, semiconductors | The fund underperformed due to weakness in tech and healthcare but remains constructive on global equities. Financials like Commerzbank and Standard Chartered led gains, while TSMC and STMicro highlight exposure to AI semiconductors and industrial electrification. Management sees opportunities in Europe and Asia despite macro uncertainty. | TSM ADYEN STAN |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 8, 2026 | Fund Letters | Cassandra A. Hardman | Commerzbank AG | Financials | Diversified Banks | Bull | XETRA | banking, dividends, Europe, turnaround, valuation | View Pitch |
| Jan 8, 2026 | Fund Letters | Cassandra A. Hardman | Commerzbank AG | Financials | Diversified Banks | Bull | XETRA | Germany, profitability, Rates, restructuring, turnaround | 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. | ||||||||