CCJ

CCJ

CCJ

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2024 Q3	Sep 30, 2024	City Different Investments – Global Equity	13.5%	39.1%	AAPL, AMZN, CCJ, CEG, GLNG, GOOGL, MELI, MSFT, RYAAY, SWKS, TDW, TLN	concentrated, E-Commerce, energy, global, nuclear, value	Nuclear power is experiencing renewed demand as AI and data centers require reliable, clean electricity. Talen Energy's Susquehanna facility benefits from power price surges and partnerships like Microsoft-Constellation's Three Mile Island restart.	SWKS RYAAY MELI TLN	View
2023 Q3	Sep 30, 2023	Driehaus Small Cap Growth Fund	-4.0%	9.0%	ACLS, CCJ, CELH, KNSL, SMCI	energy, growth, industrials, inflation, semiconductors, small caps, technology, Yields	Hardware investment to support AI applications is showing huge growth inflection. Server manufacturers are seeing tremendous growth in AI servers, while GPU semiconductor companies benefit from rising AI demand. Several semiconductor capital equipment holdings are levered to AI adoption.		View
2023 Q3	Sep 30, 2023	Platinum Global Fund (Long Only)	-1.0%	-	005930.KS, 051910.KS, 0700.HK, 1789.HK, 6479.T, AIR.PA, CCJ, CS, IFX.DE, IGLTA.NS, MCHP, PDD, SLB, SUZB3.SA, TCOM, TSM, UBS, UPM.HE, VAL, WIZZ.L, ZTO	Banking, China, energy, global, special situations, value	Energy holdings were the strongest contributors with oil field services companies Schlumberger and Valaris up nearly 20% and nuclear/uranium stocks like Cameco up 29%. Both sectors are emerging from deep recessions with nuclear arguably emerging from a 40-year hibernation in the West.		View
2025 Q2	Aug 2, 2025	Meridian Contrarian Fund	16.4%	-	AXS, BEPC, BWXT, CCJ, DLTR, FCNCA, HNST, MIR, NVTS, PACK, PRGO, QDEL, SG	Automation, contrarian, nuclear, semiconductors, small cap, turnaround, value	Nuclear power is experiencing a structural turnaround with growing interest from governments, utilities, and major technology firms. The fund holds positions in Cameco Corp and BWX Technologies, both benefiting from the nuclear renaissance driven by uranium supply deficits and new reactor construction including small modular reactors.	QDEL PACK SG NVTS BWXT CCJ QDEL PACK SG NVTS BWXT CCO CN	View
2024 Q1	Jun 15, 2024	Goehring & Rozencwajg Associates, LLC	0.0%	0.0%	7203.T, BHP.AX, CCJ, COP, CVX, DVN, EOG, FCX, Gold, HAL, MRO, NEM, OXY, PXD, RELIANCE.NS, RIO, RRC, SHOP.TO, SLB, XOM	Agriculture, AI, Copper, Energy Transition, gold, Natural Gas, oil, uranium	North American natural gas market has reached a turning point with production likely peaking in December 2023 while demand is set to surge from LNG exports and AI data centers. The firm expects a structural deficit to emerge as shale production falters just as new LNG capacity comes online and data center proliferation drives unprecedented electricity demand.		View
2025 Q1	May 22, 2025	Goehring & Rozencwajg Associates, LLC	-	-	AAPL, AMZN, AR, BMW.DE, CCJ, CVX, FANG, GOOGL, IMPUY, META, MSFT, NFLX, NVDA, OXY, PXD, RRC, SBSW, SHOP.TO, TSLA, XOM	commodities, Drought, energy, gold, Mining, natural resources, Platinum, Shale	The bear market in platinum and palladium is drawing to a close after 16 years for platinum and 4 years for palladium. Demand shifts favor PGMs as EV adoption disappoints and hybrid vehicles require more PGMs than traditional ICE vehicles. Both markets are in structural deficit with supply constraints from South Africa and declining recycled supply.		View
2023 Q1	May 2, 2023	Tall Oak Capital Advisors	-	-	ATVI, AZO, BRK-A, CCJ, CNQ, COST, DVN, FCX, IFC.TO, JNJ, LLY, MCD, MSFT, NEM, NVO, PEP, SLB, SU, TSM, UNH	Banking, energy, healthcare, inflation, Quality, technology, value	The fund's Energy transition thesis hurt returns to start the year. The manager maintains exposure to this theme despite underperformance in Q1.		View
2024 Q1	May 15, 2024	Appleseed Fund	0.0%	0.0%	AER, AGNC, ARDX, BEI.TO, CCJ, CF, DG, EVR, GNK, HLF, HUM, ITRN, MOS, RHHBY, SFM, VFC, WCC	Defensive, gold, healthcare, inflation, value	Gold has risen 20% over six months to new all-time highs driven by monetary debasement, emerging market demand especially from China, central bank purchases exceeding 1,000 tonnes annually, and physical gold flows shifting from West to East. The fund expects gold to outperform the S&P 500 over the next decade.	AGNC HUM	View
2024 Q1	Apr 20, 2024	Cedar Grove Capital Management	21.0%	0.0%	AAPL, ACI, BAC, CCJ, CPRI, DJT, FVRR, IRBT, LULU, MTCH, ONON, OXY, PTON, RH, SAVE, TPR	arbitrage, Consolidation, Frontrunning, portfolio, rates, risk management, Speculation	Manager notes AI taking front-row seat despite most companies not understanding how to use it beyond buzzwords and chatbots. Expects capital investment to taper off, ending parabolic growth in semiconductor names.		View
2024 Q1	Apr 2, 2024	Guinness Global Innovators	13.2%	13.2%	AAPL, AMZN, CCJ, CEG, GLNG, GOOGL, MELI, MSFT, RYAAY, SWKS, TDW, TLN	E-Commerce, energy, global, nuclear, Utilities, value	Nuclear power is experiencing renewed demand as AI and data centers require reliable, clean energy. Talen Energy's Susquehanna facility benefits from power price surges and partnerships like Microsoft-Constellation restarting Three Mile Island reactor.	SWKS RYAAY MELI TLN	View
2026 Q1	Apr 18, 2026	ACATIS Investment	-	-	1810 HK, AIXA.DE, BNTX, CCJ, COP, EQNR, HAL, IFX.DE, KHC, KWS.DE, LYB, NEM, PBR, ROST, SHEL, SU.PA, VIST, WPM, YAR.OL	AI, China, commodities, Fertilizers, geopolitics, Iran War, nuclear, oil, Precious Metals, Value Investing			View
2026 Q1	Apr 17, 2026	Titan Wealth	-	-	ACN, ADBE, AEM, AMD, BKR, CCJ, GLEN.L, LLY, MELI, META, MOS, MSFT, ORCL, PAAS, PLTR, RELX.L, RWE.DE, UL, XOM	AI, energy, geopolitics, infrastructure, Iran, Multi-Manager, Regional		RWE.DE	View
2024 Q1	Apr 15, 2024	Aristotle/Saul Global Equity Fund	6.4%	11.6%	005930.KS, ADBE, CCJ, FCFS, LEN, MCHP, MLM, MSFT, SONY, TTE	Diversified, Global Equity, Long Term, Quality, Value Investing	Munich Re demonstrated strong results as it continues to win market share, leverage global scale and show underwriting discipline. Recent global crises showcase Munich Re's prudent risk-taking and global diversification attributes. The company and peers have benefited from industrywide price increases, contributing to increased return of capital to shareholders.	MURGF MLM SONY ADBE	View
2024 Q1	Apr 15, 2024	Meridian Contrarian Fund	6.9%	0.0%	AXS, BEPC, CACI, CCJ, CRC, FCNCA, NVTS, PRGO, QDEL, SG, SGH, THC, VICI	contrarian, earnings, healthcare, semiconductors, small caps, technology, turnaround, value	Fund holds positions in semiconductor companies including Navitas Semiconductor Corp., which designs and produces highly efficient power semiconductors and leads in Gallium Nitride (GaN) technology. The company overcame significant technological hurdles to create competitive advantages in power efficiency and charging speeds over traditional silicon.	THC SG SGH NVTS BEPC QDEL	View
2023 Q1	Apr 15, 2023	Torre Financial	16.7%	16.7%	7741.T, ADSK, ADYEN.AS, AMZN, APH, ASML, BALL, CCJ, CDNS, CMG, DHR, DOXI, FAST, FISV, GOOG, HXGN, LIN, MCHP, MELI, MSFT, NEE, OKTA, PGR, RGEN, WDAY	Adaptability, AI, global, growth, innovation, semiconductors, technology	AI marks a new wave of productivity advances, potentially more impactful than the last 40 years. The infrastructure for AI is mostly in place, unlike previous innovation cycles. AI will bring substantial changes to business models and could be an important driver for deflation.	ACGL\|APH\|COO\|CSGP\|DKNG\|GWRE\|IDXX\|IOT\|IT\|LPLA\|MSCI\|MTD\|PCOR\|ROP\|TECH\|VRSK	View
2025 Q1	Mar 31, 2025	Meridian Contrarian Fund	-7.6%	-7.6%	AXS, BEPC, CCJ, CCK, EVRG, FCNCA, HNST, KRNT, NGD, PRGO, PSIX, RDUS, VICI	contrarian, reshoring, small caps, tariffs, turnaround, value	The fund remains focused on identifying businesses that may benefit from long-term structural shifts such as the re-shoring of U.S. manufacturing—a theme they have been investing in for several years and one that gained traction post-pandemic. They note that reshoring and supply chain realignment takes years, so it is not surprising that so far, the beneficiaries have not escaped indiscriminate market volatility.	NGD AXS RDUS CCJ KRNT HNST	View
2025 Q1	Mar 31, 2025	Aristotle/Saul Global Equity Fund	1.2%	1.2%	3064.T, 6367.T, 6758.T, ADBE, AMGN, CCJ, D05.SI, GOOGL, HON, LEN, MCHP, MLM, MSFT, MUV2.DE, NCLH, TTE	AI, energy, global, Quality, Reinsurance, technology, Trade Policy, value	The artificial intelligence theme continued to influence market narratives during the quarter. Chinese startup DeepSeek gained international attention after launching a low-cost rival to leading generative AI models, challenging assumptions around infrastructure demands and potentially reducing the need for GPUs and energy-intensive data centers. This development raised new questions about the durability and configuration of global AI supply chains.	6367.T GOOGL ADBE CCO SONY MUV2.DE	View
2025 Q4	Mar 13, 2026	Goehring & Rozencwajg Associates, LLC	-	-	CCJ, COPX, GDX, GOOGL, META, NEE, SIL, TSLA, VST, XBM, XLE, XOP	Coal, commodities, Copper, gold, Natural Gas, oil, Silver, uranium	Oil markets disrupted by closure of Straits of Hormuz affecting 20% of global production. Prices surged from $70 to $119.50 before retreating to $90. Market may be tighter than commonly believed despite IEA projections of surplus. Oil represents cheapest major asset class globally, trading at near-record lows relative to gold. Gold reached record highs above $5,000 per ounce but silver's dramatic rally has triggered a sell signal. Historical pattern suggests both metals may enter 2-3 year correction period. Central bank demand remained strong at 863 tonnes for 2025, though China purchases slowed significantly. Silver surged 220% since April 2024, generating powerful sell signal for precious metals. Performance mirrors 1979 parabolic blow-off that marked end of gold bull market. Retail demand peaked with reports of long lines at dealers globally before recent 40% decline from highs. Market shifted from deficit to surplus as Chinese demand stalled for first time in 25 years while supply expanded by 3 million tonnes since 2021. Exchange inventories reached 1.2 million tonnes, highest since 2003. Bearish outlook as China transitions from under-consuming to over-consuming copper. Demand surging from nuclear restarts and new construction while supply faces operational challenges. Google, Meta partnerships signal corporate adoption of nuclear power. Sprott Physical Uranium Trust resumed buying 10 million pounds since June, helping drive 45% price increase. North American gas showed strength on cold weather despite bearish sentiment. Production growth concentrated in Permian Basin while other shales declined. Supply growth expected to plateau as Permian oil production slows, setting stage for higher prices as LNG demand expands. Coal consumption rose 7-8% in 2025, first increase in years, driven by data center demand and higher gas prices. Multiple plant closures delayed or cancelled as grid reliability concerns mount. Asia continues expanding coal capacity despite transition promises. Bull market may be in early stages with most commodities 46% below nominal peaks and 73% below inflation-adjusted highs. Commodity-to-equity ratio near historic lows suggests capital starvation. Current cycle appears only one-third complete compared to historical precedent.		View
2025 Q4	Feb 20, 2026	Tall Oak Capital Advisors	0.0%	0.0%	AAPL, AEM, ANET, AVGO, BABA, CCJ, CNQ.TO, EDV, EQT, GEV, GOOGL, MELI, MRK, MS, MSFT, NRG, PAAS, PANW, PH, SHOP.TO	AI, Automation, Critical Minerals, diversification, Energy Transition, Industrial Policy, Supply Chain, technology	Industrial automation has become a strategic necessity rather than a cost optimization tool in a multipolar world. FANUC exemplifies this trend as a global leader in factory robots and CNC systems that support re-shoring and friend-shoring while maintaining productivity. The company's technology underpins manufacturing across automotive, electronics, semiconductors, and precision machinery with systems that remain in place for decades. Materials have re-emerged as strategically important rather than purely cyclical as supply chains are re-engineered and infrastructure investment accelerates. Holdings like Pan American Silver and Southern Copper provide exposure to precious metals and copper demand driven by electrification, grid expansion, electric vehicles, and data-centre infrastructure. Supply growth remains constrained by long development timelines while demand continues rising. AI-related stocks remained a key market driver with companies most directly tied to AI infrastructure and monetization delivering the strongest results. The Magnificent Seven continued to dominate markets, accounting for roughly half of the S&P 500's total return. Capital investment remained elevated with spending concentrated in data centres, semiconductors, energy infrastructure, and automation. Governments and corporations are prioritizing re-shoring and friend-shoring, placing greater emphasis on supply-chain resilience across technology, manufacturing, energy infrastructure, and critical minerals. Rather than reversing globalization, supply chains are being re-engineered around strategic alignment and political reliability. This shift is influencing how and where capital is deployed globally. The transition toward renewable energy and electrification continues to drive investment in grid expansion, energy storage, and power infrastructure. Holdings like GE Vernova benefit from rising power and infrastructure demands tied to AI and electrification. Energy has become a strategic asset to fuel the growth of AI and support industrial competitiveness through low, stable energy costs.		View
2024 Q3	Dec 5, 2024	Goehring & Rozencwajg Associates, LLC	0.0%	0.0%	AMZN, CCJ, GOOGL, META, MSFT, ORCL, VOW3.DE	Copper, energy, gold, Natural Gas, natural resources, nuclear, oil, uranium	Nuclear power is experiencing a renaissance driven by data center energy demands and SMR technology. Microsoft, Google, Amazon, and Meta are all investing in nuclear power for their data centers. Small modular reactors offer superior energy efficiency (180:1 EROI vs 100:1 for traditional reactors) and enhanced safety features.		View
2023 Q4	Dec 31, 2023	Meridian Contrarian Fund	6.9%	0.0%	ALEX, AMD, APA, CACI, CCJ, CRC, FCNCA, HNST, LEGN, PINS, PRGO, SGH, TAP, THC, VICI	Biotechnology, contrarian, energy, semiconductors, small caps, turnaround, value	AMD positioned as stronger competitor to Nvidia with compelling technology and superior products to Intel. The company unveiled details about upcoming GPU products for the AI market, with expectations that AMD's GPU servers will be a viable alternative to Nvidia.	PINS HNST AMD ADNT\|APA\|BPOP\|FLR\|KOS\|OLN LEGN SGH	View
2025 Q3	Nov 4, 2025	Aristotle/Saul Global Equity Fund	5.1%	16.0%	005930.KS, 3064.T, BN, CCJ, D05.SI, FCFS, GOOGL, HTGPF, LEN, MLM, MSFT, MUV2.DE, NEM.DE, NVDA, SONY, TSLA	AI, global, Memory, semiconductors, technology, Trade Policy, value	Samsung secured Nvidia's approval for its high-bandwidth memory product (HBM3E) during the quarter, positioning the company to compete in next-generation HBM4. The company demonstrated industry-leading data transfer speeds and is engaging in supply discussions with major AI chipmakers. Samsung also announced a strategic partnership with OpenAI potentially generating demand of up to 900,000 DRAM wafers per month.	NEM GR 4385 JP FCFS 005930 KS NEM GR 4385 JP FCFS 005930 KS	View
2025 Q3	Nov 4, 2025	Aristotle International Equity Fund	1.1%	15.9%	005930.KS, 3064.T, 7532.T, ACN, ALC, BAP, BN, CCJ, D05.SI, EBS.VI, HLN.L, MUV2.DE, NEM.DE, SAF.PA, SONY, WMMVY	AI, Banking, E-Commerce, international, semiconductors, technology, Trade Policy	Global trade developments dominated the quarter with the EU-US agreement eliminating tariffs on industrial goods and expanding agricultural access, while the US imposed 15% tariffs on EU imports. Mixed developments in Asia included potential renegotiation of Japan's trade agreement and deteriorating US-India relations with additional 25% tariffs on Indian imports over Russian oil purchases.	WMMVY 9830 JP BAP 005930 KS WMMVY 9830 JP BAP 005930 KS	View
2025 Q3	Nov 25, 2025	Goehring & Rozencwajg Associates, LLC	-	-	ABX, CCJ, COPX, FCX, GDX, IMPUY, IVN, KAP, NVDA, NXE, OSX, SBSW, SIL, SLB, TSLA, URNM, XBM, XLE, XOM, XOP	Carry Regime, commodities, energy, gold, Mining, monetary policy, natural resources, oil	Gold continues strong performance with 16% gain in Q3 and 45% year-to-date. Western ETF buying remains robust with 200 tonnes accumulated in Q3. Central banks purchased 220 tonnes in Q3, maintaining steady accumulation. Gold bull market still in early stages despite some valuation measures flashing overvaluation signals.		View
2025 Q3	Nov 17, 2025	Appleseed Fund	-	-	AER, AGNC, CAG, CC, CCJ, CCNE, DEA, DSX, EL, GXO, LULU, NICE, RHHBY, SONY, SSNC, STAN.L, SWK, TWO, WCC, WMMVY	commodities, Dollar, global, gold, inflation, value	Gold has risen 60% year-to-date with the price touching $4,250/ounce. The fund expects continued outperformance through the balance of this decade driven by foreign central bank purchases, persistent inflation, declining U.S. relative power, and gold's role as a neutral reserve asset. Physical gold stores in the West are declining while debt-to-GDP ratios worldwide have never been higher.		View
2024 Q3	Nov 13, 2024	Appleseed Fund	0.0%	0.0%	AER, AGNC, ARDX, CCJ, CF, DG, DLTR, DSX, EL, GRVY, HLF, HUM, MOS, MRC, MSFT, NVDA, SFM, SNV, SRUUF, WLFC	commodities, defensives, energy, inflation, Mining, nuclear, uranium, value	The fund sees a structural supply deficit in uranium markets driven by dramatically increasing demand from nuclear energy expansion while supply growth remains inadequate. Uranium prices have increased significantly over the past 5 years but the bull market is still in early innings due to persistent supply shortfalls.	SRUUF CCJ	View
2023 Q3	Nov 1, 2023	NZS Capital – Growth	-	-	ADYEN.AS, APH, ASML, BALL, CCJ, CMG, DHR, DOX, FI, GOOGL, HXGBY, MCHP, NEE, OKTA, PGR, RGEN	AI, Automation, Energy Transition, growth, innovation, semiconductors, technology	AI marks a new wave of productivity advances, potentially more impactful than the last 40 years. The infrastructure for AI is mostly in place, unlike previous innovation cycles. AI will bring substantial changes to business models and could be an important driver for deflation.	ACGL\|APH\|COO\|CSGP\|DKNG\|GWRE\|IDXX\|IOT\|IT\|LPLA\|MSCI\|MTD\|PCOR\|ROP\|TECH\|VRSK	View
2023 Q3	Oct 23, 2023	RVK	-	-	CCJ, GLNG, MELI, RYAAY, SWKS, TDW, TLN	concentrated, E-Commerce, energy, global, nuclear, value	Talen Energy's Susquehanna nuclear facility benefited from surging power prices driven by AI and data center demand. Microsoft and Constellation Energy plan to restart Three Mile Island nuclear reactor, similar to Talen's partnership with Amazon Web Services, demonstrating the appeal of reliable, clean nuclear power.	SWKS RYAAY ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM ATLN.L	View
2023 Q3	Oct 19, 2023	Aristotle/Saul Global Equity Fund	6.4%	11.6%	ADBE, AMGN, CCJ, FCFS, LEN, MCHP, MLM, MSFT, TTE	catalysts, fundamentals, global, Quality, value			View
2023 Q4	Jan 29, 2024	Rozendal Partners	-	21.6%	B4B.DE, BAYN.DE, BUR.L, CCJ, CCOLA.IS, COH.JO, MTN.JO, NVDA, PPCT.JO, RCL.JO, TBS.JO	emerging markets, global, South Africa, technology, Turkey, uranium, value	The uranium market has finally come to life after being moribund for a decade following Fukushima. Disruptions from the Russian invasion of Ukraine, slow return to production of mothballed mines, steady continuation of new reactors being built in China, and greater recognition of uranium's clean energy benefits have contributed to dramatic price surges reaching levels last seen in 2007.		View
2025 Q4	Jan 27, 2026	WestEnd Capital	0.0%	0.0%	BA, CAT, CCJ, CENX, FCX, GE, KGS, LLY, PLTR	AI, Aluminum, defense, energy, healthcare, industrials, Natural Gas, technology	WestEnd committed to the AI trade early and captured outsized gains by actively investing in key players driving AI innovation and infrastructure buildout. The AI boom continues with debt financing becoming more important for funding buildout as capital intensity rises. AI data centers require massive amounts of metals including aluminum and copper. Portfolio includes exposure to aerospace/defense supply chains and companies positioned for defense spending. Century Aluminum's high-purity primary aluminum is essential for military aircraft, armor plate, drones, and advanced weapons systems, tying into national security needs. Eli Lilly stands out as a dominant franchise in the GLP-1 obesity and diabetes market, actively reducing friction through direct-to-consumer and direct-to-employer pricing strategies. The company is diversifying into next-generation oral GLP-1s with orforglipron expected to generate $13 billion in annual sales by 2031. The Trump administration has signaled intent to dial-up fiscal stimulus in various forms, with policies encouraging capital formation and business investment. This includes benefits from the OBBBA providing meaningful financial/tax benefits for businesses and households. Kodiak Gas Services provides mission-critical large-horsepower compression infrastructure upstream of LNG exports and downstream power demand from AI-driven data centers. The company benefits from robust demand in the Permian and other basins through long-term, take-or-pay style contracts. Century Aluminum sits at the intersection of AI data-center buildout and defense/energy security needs. The boom in data centers, EVs, and clean-energy infrastructure is tightening the U.S. aluminum market, pushing up the Midwest premium and incentivizing domestic smelting capacity to restart.	CENX CAT LLY KGS	View
2024 Q3	Sep 30, 2024	Aristotle/Saul Global Equity Fund	6.4%	11.6%	1357.HK, ADBE, AMGN, CCJ, D05.SI, LEN, MCHP, MLM, MSFT, QCOM, RTO.L, SMSN.L	Diversified, fundamentals, global, long-term, Quality, value	MonotaRO, the Japanese B2B e-commerce platform, was a main contributor during the quarter. The company serves as a one-stop solution allowing customers to shop for millions of products via a centralized location, with increasing order value and sales per shipment. Large enterprise customers now represent more than 30% of total sales, up from 25% at the end of last year, providing higher lifetime value and willingness to pay for value-added services.	8439.T RTO.L MCHP BN.TO 8058.T	View
2024 Q3	Sep 30, 2024	Meridian Contrarian Fund	6.9%	0.0%	AXS, BEPC, BOWL, BWXT, CACI, CARS, CCJ, EVRG, FCNCA, NVTS, PRGO, PRT, THC, VICI	contrarian, defense, healthcare, small caps, technology, turnaround, value	The fund holds Navitas Semiconductor, a leader in Gallium Nitride technology for power semiconductors. Despite cyclical headwinds in mobile, EV, and solar markets causing revenue guidance to come in lower than expected, the manager increased the position based on confidence in long-term secular outlook for energy-efficient semiconductors and Navitas' technological leadership.	THC CACI KRNT CARS BOWL NVTS	View
2023 Q3	Sep 30, 2023	Meridian Growth Fund	6.8%	0.0%	ALEX, CACI, CCJ, DBRG, FCNCA, PRGO, SGH, TAP, TRMB, VICI	contrarian, energy, financials, small caps, technology, value			View
2022 Q3	Sep 30, 2022	Aristotle/Saul Global Equity Fund	6.4%	11.6%	ADBE, CCJ, DBS SP, SONY	-			View
2024 Q2	Jul 31, 2024	Driehaus Small Cap Growth Fund	6.4%	27.0%	BRBR, CAMT, CCJ, FTAI, TMDX	AI, Biotech, growth, healthcare, industrials, semiconductors, small cap, technology	The fund increased exposure to semiconductors and hardware companies tied to AI infrastructure buildout. Several holdings benefited from the hardware infrastructure buildout to support AI applications, including semi cap equipment companies and semiconductor or component suppliers to data centers. IT budgets are shifting away from enterprise software towards AI and its supporting infrastructure.		View
2024 Q2	Jul 28, 2024	Driehaus Small/Mid Cap Growth Fund	3.1%	24.0%	AXON, CCJ, HEI, NTRA, ONTO	AI, Biotech, growth, healthcare, industrials, semiconductors, small cap, technology	Portfolio increased semiconductor exposure from 0.9% to 4.0% overweight as holdings benefited from AI infrastructure buildout. Semiconductor holdings appreciated 31.6% versus 5.0% for the index, driven by companies supplying data centers and AI hardware infrastructure.		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
2024 Q2	Jun 30, 2024	Meridian Contrarian Fund	6.9%	0.0%	AMSC, AXS, BEPC, CACI, CCJ, CRC, CRNC, EYE, FCNCA, PRGO, SGH, THC, VICI	contrarian, healthcare, Renewable Energy, small cap, turnaround, value	Fund employs a contrarian value strategy seeking out-of-favor companies with depressed valuations and visible catalysts for sustainable improvement. The process screens for companies with multiple quarters of earnings declines and identifies those poised for earnings rebounds through turnaround plans or management changes.	BEPC AMSC THC PRGO CRNC EYE	View
2022 Q2	Jun 30, 2022	Aristotle International Equity Fund	10.5%	13.3%	0S9F LN, 1MUV2 IM, AHT LN, CCJ, KO	-			View
2022 Q2	Jun 30, 2022	Aristotle/Saul Global Equity Fund	6.4%	11.6%	1MUV2 IM, AMG GR, CCJ, MCHP, TOT CN, TWTR	-			View
2022 Q1	Mar 30, 2022	Aristotle International Equity Fund	10.5%	13.3%	CCJ, DIPO GR, NIB GR, SONY	-			View
2022 Q1	Mar 30, 2022	Aristotle/Saul Global Equity Fund	6.4%	11.6%	AXTA, BAC, BN, CB, CCJ, DLB, FMC, LEN, WBA	-			View
2022 Q4	Jan 31, 2023	Aristotle/Saul Global Equity Fund	6.4%	11.6%	CCJ, DASTY, DSM NA, NCLH	-			View
2024 Q4	Jan 30, 2025	Aristotle International Equity Fund	-7.1%	5.1%	005930.KS, 3064.T, 7532.T, ACN, AHT.L, BN, CCJ, D05.SI, DSNKY, EBS.VI, ML.PA, NEM.DE, SAF.PA, SONY, SY1.DE	gaming, geopolitics, international, long-term, nuclear, Quality, value	Demand for nuclear energy remained robust driven by AI and clean energy focus. Major tech companies like Amazon, Google and Meta announced nuclear-power agreements. Cameco is uniquely positioned to benefit as industries and governments pursue clean, reliable and scalable energy sources.	DSM.AS AHT.L 6758.T CCO.TO	View
2024 Q4	Jan 30, 2025	Aristotle/Saul Global Equity Fund	-7.8%	3.0%	AMGN, BN, CCJ, D05.SI, LEN, MCHP, MLM, MSFT, NCLH, SONY	fundamentals, geopolitics, global, Long/Short, Quality, value	Sony's PlayStation platform demonstrates strong network effects with 116 million monthly active users, making it attractive for game developers. The company reported strong third-party gaming revenue and record PlayStation 5 console profitability despite lower console sales. Sony's anime business Crunchyroll signed a distribution agreement with YouTube Primetime Channels to increase subscriber base.	DSFIR.SW MCHP SONY NCLH	View
2023 Q4	Jan 16, 2024	NZS Capital – Growth	4.0%	22.0%	ADSK, ADYEN.AS, AMD, AMZN, ANSS, ASML, BALL, CCJ, DHR, GTLS, MRNA, MSFT, NEE, NVDA, RGEN, SHOP, SWAV, TSLA, TT, WDAY	AI, Cloud, Energy Transition, growth, innovation, semiconductors, technology	AI will have transformational impact on society and the economy, drawing focus outside of IT including healthcare. The FDA approved the first CRISPR/Cas9 gene-edited therapy, marking the precipice of curative therapies. AI is boosting digital transformation of scientific research and accelerating innovation in scientific discovery.	1102 TT	View
2023 Q4	Jan 15, 2024	Capicraft Investment Partners	0.0%	0.0%	BUR.L, CCJ	Elections, inflation, oil, South Africa, Stagflation, uranium, value	Manager discusses persistent inflation above Fed targets, with core and super-core inflation between 3-4%, wage inflation above 5%, and questions whether soft landing is achievable without hurting labor markets. Expects stagflation as the price for manufactured soft landing.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	Meridian Contrarian Fund	Cameco Corp.	Energy	Uranium	Bull	NYSE	Best-in-Class Operator, commodity, energy, Mining, Nuclear Power, Structural Turnaround, Supply-Demand Imbalance, uranium	View Pitch
Apr 13, 2026	Fund Letters	Meridian Contrarian Fund	Cameco Corp.	Energy	Oil, Gas & Consumable Fuels	Bull	NYSE	Best-in-Class Operator, clean energy, Commodity Cycle, Energy security, Long-term Thesis, Nuclear Power, Supply-Demand Imbalance, Uranium mining	View Pitch
Apr 13, 2026	Fund Letters	Appleseed Fund	Cameco Corporation	Energy	Uranium	Bull	NYSE	Canada, commodity, Energy security, Equity, Mining, nuclear energy, supply deficit, uranium	View Pitch
Feb 4, 2026	Twitter / X	@Swedish_uranium	Cameco Corporation	-		Bull	New York Stock Exchange	Conversion, NuclearFuel, Reactors, uranium, Westinghouse	View Pitch
Feb 4, 2026	Twitter / X	@UpdateNuclear	Cameco Corporation	-		Bull	New York Stock Exchange	Canada, Contracts, Conversion, Enrichment, HALEU, Reactors, uranium, utilities, Westinghouse	View Pitch
Jan 16, 2026	Fund Letters	Cassandra A. Hardman	Cameco Corporation	Energy	Coal & Consumable Fuels	Bull	New York Stock Exchange	Contracting, Decarbonization, Nuclear, Scarcity, Underinvestment, uranium	View Pitch
Aug 13, 2025	Seeking Alpha	Agar Capital	Cameco Corporation	Materials	Uranium	Bull	NYSE	—	View Pitch
Aug 13, 2025	Seeking Alpha	Investor Overview	Cameco Corporation	Materials	Uranium	Bull	NYSE	—	View Pitch

BSD Shareholders of CCJ

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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