Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jun 30, 2025 | EdgePoint Global | - | - | CFR, CPNG, O | capital structure, credit, ecommerce, Luxury, Margin Of Safety, risk management | EdgePoint focuses on credit investments with margin of safety, analyzing permanent loss of capital risk. The firm conducts pre-mortems to discuss what could go wrong with investments and stress tests businesses under pessimistic scenarios to ensure debt coverage. | FTCH O |
View |
| 2024 Q1 | May 2, 2024 | Madison Mid Cap Fund | 7.2% | 12.4% | ACGL, ANET, APH, BF.B, BN, BRO, CDW, CFR, CPRT, CSL, DLTR, FND, GBCI, IT, KMX, LBRDA, LH, MC, MKSI, PCAR, ROST, TTWO | insurance, Manufacturing, mid cap, Quality, Regional Banks, technology | Insurance companies benefited from attractive industry conditions with boosted underwriting profits and high growth in investment income. Arch Capital rolled over their fixed income portfolio at more favorable coupon rates. Insurance broker Brown & Brown advanced on solid organic revenue growth as insurance market pricing remains sound. | View | |
| 2024 Q4 | Dec 31, 2024 | Polaris Global Equity | -5.8% | 6.2% | 000660.KS, 005930.KS, 066570.KS, 6758.T, ALSN, CFR, COF, CROX, CVS, ELV, GD, GILD, JAZZ, JPM, ML.PA, SAIC, SBH, SLM, TGLS, UNH | banks, financials, Geopolitical, global, inflation, value | Portfolio positioned as value-oriented with strong current earnings and cash flows, expected to benefit from higher-for-longer interest rates. Manager continues to find and add attractively priced companies to supplement compelling valuation profile. | View | |
| 2023 Q2 | Dec 7, 2023 | Madison Mid Cap Fund | 7.2% | 12.4% | ABG, ACGL, ANET, APH, BAM, BRO, CDW, CFR, CHTR, CPRT, CSL, EXPD, FND, FWONA, FWONK, GBCI, GCI, GGG, IT, KNSL, LAD, LBRDA, LH, MC, MCHP, MEDP, MKSI, PCAR, ROST, TDY, TECH, THO, TREX, WAT, WRB | AI, mid cap, Quality, semiconductors, technology, value | AI-related data center spending is driving strong performance in technology holdings like Amphenol and Arista Networks. The fund is participating in this surge while also noting strength in other business areas beyond AI for these companies. | View | |
| 2024 Q3 | Sep 30, 2024 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | AZEK, CASY, CFR, CLFD, CTLT, CVRX, DOC, ENTG, JBT, KNF, LTH, MCS, MGPI, PIPR, QCRH, THRM, TNC, TTC, WK, WTFC | banks, Fed, growth, rates, small caps, Valuations | Small cap stocks currently trade at a 29% discount to the broader market and 6% discount to their long-term average, despite analysts expecting small cap earnings growth to outpace large caps. The fund sees great opportunities in small companies with above-average growth prospects at favorable valuations. Lower interest rates should disproportionately benefit smaller companies over time. | View | |
| 2023 Q3 | Sep 30, 2023 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | AIR, AZEK, CASY, CFR, CLFD, DCI, FIBK, GBCI, JAMF, NVT, TTC, WK | AI, Banking, financials, industrials, small cap, technology, value | The fund views artificial intelligence as crucial for creating workforce efficiencies amid changing labor market dynamics. They see investment opportunities in technology companies utilizing AI to create efficiencies in the workforce. The fund favors companies likely to benefit from recent advancements in AI. | View | |
| 2024 Q2 | Jul 23, 2024 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | ALRS, ASB, AZEK, CASY, CFR, CLFD, CVRX, GBCI, HUBG, INSP, JBT, KNF, MEDP, MGPI, NVT, PIPR, QCRH, TNC, WK, WTFC | healthcare, interest rates, Regional Banks, small caps, technology, value | Small cap stocks currently trade at a 40% discount to the broader market as measured by the S&P 500, a 13% discount to the S&P 500 Equal-Weighted Index, and at a 15% discount to small cap stocks' long-term average. Analysts' earnings growth estimates for small cap companies outpace large cap companies for the next several years. The fund continues to see great opportunities to invest in small companies with above-average growth prospects that are trading at favorable valuations. | View | |
| 2023 Q2 | Jun 30, 2023 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | ALTR, ASB, AZEK, CFR, CLFD, ENTG, ENV, FIBK, GBCI, JAMF, LFUS, NVT, THRM, TTC | AI, Banking, healthcare, industrials, small caps, technology, Valuations | The manager discusses artificial intelligence as a key driver of Technology sector performance, noting investor excitement over AI has boosted large tech names like Alphabet, Amazon, Microsoft, and Nvidia. They maintain a favorable long-term view on Technology given growth in AI, automation, and cloud computing but are cautious near-term due to over-extended valuations. | View | |
| 2025 Q1 | Mar 31, 2025 | Polaris Global Equity | 4.1% | 4.1% | 000660.KS, 005930.KS, 066570.KS, ABBV, ALSN, ARW, CFR, CG, CVS, DCOM, DG.PA, DNB.OL, DTE.DE, EBC, ENI.MI, FTK.DE, GILD, HNR1.DE, IAG.L, INCH.L, IPG, LOOM.ST, MEOH.TO, MGA.TO, MKSI, MPC, MSFT, MTB, MUV2.DE, NTRS, NXT.L, OTEX.TO, PFS, PUB.PA, SBH, SDZ, SW, TTE, UTHR, VIPS, WBS, WMB, WSBC | AI, energy, Europe, financials, global, tariffs, technology, Trade | The Trump Administration has initiated far-reaching changes to reset decades of global trade agreements. Tariffs came to the forefront of every discussion in global markets, with broader-than-expected tariffs causing market volatility. By disrupting natural trade flows, tariffs can lead to reduced economic efficiency and slower global growth. | View | |
| 2022 Q3 | Feb 12, 2022 | Aristotle Value Equity Fund | 6.3% | 12.3% | ADBE, CFR, SONY, XYL | - | View | ||
| 2024 Q4 | Jan 30, 2025 | Aristotle Value Equity Fund | -4.4% | 7.2% | ADBE, AMGN, AMP, ANSYS, ATO, BX, CFR, COF, CTVA, LEN, MCHP, MLM, MSFT, MUFG, PH, SONY | Asset Management, financials, Homebuilders, semiconductors, technology, value | The fund follows a quality-oriented approach to intrinsic value investing focused on fundamentals and unfolding catalysts measured in years, not quarters. The manager believes value investors often seek to invest in companies that are not in vogue with investors, and their approach is best measured over a full market cycle of three to five years. | MCHP LEN AMP COF |
View |
| 2023 Q4 | Jan 28, 2024 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | AIR, ALTR, AZEK, CFR, CLFD, DGII, ENTG, INSP, JAMF, KNF, NVT, PIPR, SNBR, THRM | financials, healthcare, industrials, infrastructure, small cap, technology, value | Industrial companies are positioned to benefit from significant multi-year state and federal government infrastructure projects which will likely play out in the coming decade. Knife River is viewed as ideally positioned to address multiple significant state and federal infrastructure stimulus programs spanning many years. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 17, 2026 | Seeking Alpha | Seeking Alpha | Cullen/Frost Bankers | Financial Services | Regional Banks | Neutral | New York Stock Exchange | asset quality, credit quality, Cullen/Frost Bankers, diversified loan portfolio, financial performance, net interest margin, price-to-earnings, regional banks, share buyback program, valuation metrics | View Pitch |
| Nov 11, 2025 | Seeking Alpha | Seeking Alpha | Cullen/Frost Bankers, Inc. | Banks - Regional | Neutral | asset quality, Cullen/Frost Bankers, financial services, hold recommendation, net interest income, price-to-earnings, return on assets, return on equity, uninsured deposits, valuation | 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 |
|---|---|---|---|---|---|---|---|---|
| Tom Russo | Gardner Russo & Quinn | $9.3B | $760.5M | 8.21% | 3,502,105 | -101,887 | -2.83% | 8.3225% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $1.8M | 0.00% | 14,166 | -71,906 | -83.54% | 0.0196% |
| Ray Dalio | Bridgewater Associates | $27.4B | $19.4M | 0.07% | 153,492 | +14,968 | +10.81% | 0.2127% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $1.1M | 0.00% | 8,975 | +653 | +7.85% | 0.0124% |
| Israel Englander | Millennium Management LLC | $233.2B | $33.7M | 0.01% | 265,937 | +31,758 | +13.56% | 0.3685% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $40.9M | 0.06% | 322,868 | -51,109 | -13.67% | 0.4474% |
| Cliff Asness | AQR Capital Management | $190.6B | $14.3M | 0.01% | 113,300 | +5,341 | +4.95% | 0.1570% |
| Clint Carlson | Carlson Capital | $281.3M | $1.7M | 0.59% | 13,100 | +2,200 | +20.18% | 0.0182% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $23,427 | 0.00% | 185 | +23 | +14.20% | 0.0003% |
| Rich Handler | Jefferies | $19.3B | $925,792 | 0.00% | 7,311 | +7,311 | +100.00% | 0.0101% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $760 | 0.00% | 6 | -9 | -60.00% | 0.0000% |