CHRD

CHRD

CHRD

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q3	Sep 30, 2025	ValueWorks Capital	-	-	AL, AMZN, CHRD, GLW, JOBY, LNG, MSB, MU, QCOM, UNFI	AI, Bull Market, growth, rates, technology, value	Manager views AI as driving massive economic opportunities and transforming the world, similar to how technological advances have driven economic cycles over the past two hundred years. AI breakthroughs are creating the foundation for the current expansion cycle.		View
2024 Q3	Sep 30, 2024	ValueWorks Capital	-	-	AAPL, AL, AMZN, CHRD, HY, LNG, MLP, MU, QCOM, TDW	energy, growth, semiconductors, technology, value, volatility	Manager is very excited to own Micron Technology for the next upcycle despite the stock correcting from $153 to $85. Qualcomm also experienced similar price action during the quarter's volatility.	AMZN AMZN	View
2023 Q3	Sep 30, 2023	ValueWorks Capital	-	-	AAPL, AL, CHRD, GS, HY, JOBY, LNG, MU, NETI, QCOM, TDW, TSLA, TUSK, WAL	energy, liquidity, positioning, technology, value, volatility	Manager expects an energy explosion rather than transition, supplementing fossil fuels with multiple additional energy sources. Hyster-Yale is deploying industrial scale fuel cells, while Eneti and Tidewater are developing offshore wind farms. Electric vehicles may prove superior due to being quieter, cleaner, less expensive to make, and more comfortable.		View
2025 Q2	Jul 8, 2025	Palm Valley Capital Management	0.8%	1.4%	CHRD, CRI, DOX, HCSG, HTLD, KELYA, MAN, NWN, PHYS, PSLV, PZZA, RES, SEB, WHG	Cash, energy, inflation, Silver, small caps, Staffing, Trade Policy, value	Small cap stocks have not advanced in four years yet still aren't cheap, with current median P/E for profitable S&P SmallCap 600 members at 19x. The nonfinancial median P/E for profitable S&P 600 small caps is 22x, and median net margins remain well above historical levels.	PZZA RES CHRD HCSG PSLV PZZA RES CHRD HCSG	View
2024 Q2	Jul 2, 2024	TIFF	-	-	AL, AMZN, CHRD, GLW, JOBY, LNG, MSB, MU, QCOM, UNFI	AI, energy, growth, technology, value	Manager views AI as driving massive economic opportunities and transforming the world. AI breakthroughs are creating the foundation for aggressive economic expansion ahead, similar to how technological advances have driven economic cycles over the past two hundred years.		View
2025 Q2	Jun 30, 2025	ValueWorks Capital	-	-	AL, AMZN, CART, CHRD, JOBY, LNG, MLP, MSB, MU, QCOM, UNFI	energy, Portfolio Management, semiconductors, technology, value, volatility	Manager describes a herky-jerky, uncertain period with multiple 15-20% market moves in both directions. Sentiment has swung from fear to exuberance to doom and back to confidence. This volatility could be the new normal for several years as markets advance into a 25-year high.		View
2024 Q2	Jun 30, 2024	ValueWorks Capital	-	-	AAPL, AL, CDLR, CHRD, HY, LNG, MLP, MU, QCOM, RIVN, TDW, WAL-PA	AI, Energy Transition, growth, inflation, semiconductors, technology, value	The gold-rush mindset in the tech space goes well beyond AI and is fueling economic growth across the board. This provides demand for everything from data centers to electricity and is productivity-enhancing for much of the economy.		View
2023 Q2	Jun 30, 2023	TIFF	-	-	AAPL, AL, AMZN, CHRD, HY, LNG, MLP, MU, QCOM, TDW	energy, Recovery, semiconductors, technology, value, volatility	The manager is positioned for the next semiconductor upcycle through holdings like Micron Technology, which corrected significantly during the quarter but is expected to benefit from the next cycle. Qualcomm also experienced similar price volatility but remains a core holding for the semiconductor recovery.	AMZN	View
2023 Q2	Jun 30, 2023	ValueWorks Capital	-	-	AAPL, CHRD, HY, JOBY, LNG, MU, QCOM, TDW, TUSK, WAL	energy, financials, inflation, semiconductors, technology, value	Manager sees declining inflation trends driven by supply chain normalization and commodity price reversals. Oil down 30% from peak, nickel and aluminum down even more. Believes inflation could trend toward Fed targets without serious economic damage.		View
2024 Q1	May 2, 2024	Madison Small Cap Fund	6.3%	17.2%	CCOI, CHRD, CNM, CSL, EHC, ENTG, ERF.TO, FORM, HCP, MODN, MWA, OSW, PRMW, PTC, SUM, WSC	energy, industrials, Quality, small cap, technology, value	Mueller Water Products manufactures products and services used in the transmission, distribution, and measurement of water in North America. America's water infrastructure is massive and in very serious need for upgrade and modernization. Significant federal funds have been allocated to do just this and the fund believes MWA is well positioned to capitalize.	HCP MWA CHRD CCOI CNM	View
2023 Q1	Apr 3, 2023	TIFF	-	-	AAPL, AL, CDLR, CHRD, HY, LNG, MLP, MU, QCOM, RIVN, TDW, WAL-PA	energy, growth, inflation, semiconductors, technology, value	The gold-rush mindset in the tech space goes well beyond AI and is fueling economic growth across the board. This provides demand for everything from data centers to electricity and is productivity-enhancing for much of the economy.		View
2024 Q1	Apr 25, 2024	Miller Value Partners Income Strategy	11.7%	11.7%	BFH, BKE, CHRD, CTO, JXN, LNC, MED, MPW, OMF, STLA, T, UGI, VTRS, WAL	Concentration, crypto, dividends, energy, flexibility, high yield, income, value	The portfolio added UGI Corp, a dividend aristocrat that has paid shareholders a dividend for 139 consecutive years and looks poised to boost its dividend for the 37th consecutive year. At current prices, UGI trades at its lowest price/earnings multiple in history despite sporting a 6% yield with a plan to grow earnings power at a high single-digit rate.	LNC UGI CHRD	View
2024 Q1	Apr 2, 2024	TIFF	-	-	AL, AMZN, CART, CHRD, JOBY, LNG, MLP, MSB, MU, QCOM, UNFI	energy, industrials, materials, technology, value, volatility	Manager describes extreme market volatility with multiple 15-20% moves in both directions over weeks, driven by sentiment swings from fear to exuberance to doom and back to confidence. This volatility is expected to be the new normal for several years as markets advance toward a 25-year high.		View
2026 Q1	Apr 18, 2026	Madison Small Cap Fund	0.1%	0.1%	CHRD, CRL, CVLT, DRS, ENTG, FORM, GMED, GTLB, ICUI, MEDP, MTDR, PCOR, POWI, SITE, VIAV, WK	AI, defense, energy, healthcare, semiconductors, small caps, software		SITE PCOR MTDR ICUI	View
2026 Q1	Apr 13, 2026	Distillate Capital Small/Mid Cap Quality & Value	5.9%	5.9%	APA, BTU, CF, CHRD, CSL, DINO, EPAM, FBIN, HRB, ICLR, MATX, OVV, PTEN, SNX, TNET, UAN, VYX	energy, fundamentals, Quality, rebalancing, small caps, value			View
2026 Q1	Apr 1, 2026	Palm Valley Capital Management	0.7%	0.7%	CHRD, DOX, FLO, FPI, HTLD, KELYA, LKQ, PHYS, RGP, RYN, TFX	AI, Cyclical, small cap, Staffing, undervalued, value		CHRD RYN DOX	View
2025 Q1	Mar 31, 2025	ValueWorks Capital	-	-	AAPL, AL, AMZN, CHRD, LNG, MLP, MSB, MU, QCOM, UNFI	policy, portfolio, Selection, tariffs, undervalued, value	The manager extensively discusses recent tariff policies announced by the administration, describing them as jarring, unsettling, and of historic magnitude. While acknowledging significant downside risks similar to Smoot-Hawley tariffs that helped accelerate the Great Depression, the manager also sees potential for positive outcomes if the policies successfully address the US trade deficit and lead to improved trading relationships.		View
2024 Q1	Mar 31, 2024	ValueWorks Capital	-	-	AL, CHRD, GS, HY, LNG, MLP, MU, QCOM, TDW, WAL-PA	energy, financials, industrials, materials, technology, value	Manager acknowledges the AI mania driving indexes but notes their portfolios are not overly exposed to momentum-play and AI mania. Despite this, they recognize AI as part of broader technological productivity gains that will be dramatic and long-lived.		View
2024 Q4	Dec 31, 2024	ValueWorks Capital	-	-	AAPL, AL, AMZN, CHRD, LNG, MLP, MSB, MU, QCOM, UNFI	energy, growth, Market Cycle, Speculation, technology, value	Manager focuses on buying growth stocks at value prices, seeking securities that are mis-perceived and priced at value multiples. The strategy involves identifying potential growth investments trading at discounts to intrinsic value.		View
2023 Q4	Dec 31, 2023	ValueWorks Capital	-	-	AAPL, CHRD, GS, HY, LNG, MU, QCOM, TDW, TUSK, WAL	Election, energy, rates, security selection, technology, value	Manager emphasizes buying best-quality assets at best possible prices, targeting securities trading at 50-75 cents on the dollar. Portfolio results driven by security selection rather than thematic moves, with focus on fairly valued and well-positioned businesses generating cash and earnings versus story-driven equities.		View
2023 Q3	Oct 2, 2023	TIFF	-	-	AAPL, AL, AMZN, CHRD, LNG, MLP, MSB, MU, QCOM, UNFI	energy, growth, Speculation, technology, value	Manager describes their strategy as buying growth stocks at value prices, seeking securities that are mis-perceived and priced at value multiples. The portfolio is positioned with over 25 securities that represent potential growth investments trading at discounted valuations.		View
2023 Q4	Jan 4, 2024	TIFF	-	-	AAPL, AL, AMZN, CHRD, LNG, MLP, MSB, MU, QCOM, UNFI	energy, portfolio, tariffs, technology, Trade Policy, uncertainty, value	The manager discusses the dramatic tariff policies announced by the administration, noting they are of historic magnitude and could lead to either positive trade relationships or harsh economic outcomes. The uncertainty around policy execution creates both upside and downside scenarios for markets.		View
2025 Q4	Jan 24, 2026	Miller Howard North American Energy Fund	1.0%	6.1%	CHRD, CNQ, CVE, CVX, EQT, GPOR, HES, LBRT, MPC, OKE, OXY, PBA, PSX, RRC, SM, SU, VLO, XOM	Data centers, dividends, energy, Natural Gas, North America, oil, Refiners	Pressure pumpers are seeing growing interest in supplying power to data centers under long-term contractual arrangements. Mobile generation equipment can be deployed within weeks at competitive efficiency levels. Liberty Energy announced a positive 1GW data center power generation project by year-end 2027. Natural gas prices rallied sharply amid a cold start to winter in the US, supported by strong LNG exports and rising data center power demand. The portfolio reduced natural gas price exposure by selling EQT Corp and trimming Range Resources Corp. Oil prices drifted lower on a near-term supply glut and closed the quarter in the mid-$50/bbl range. Adjusted for inflation, prices are near century lows. At current prices, E&Ps are expected to further rein in production with US supply likely to decline in 2026. The portfolio increased Valero and Phillips 66 on strong refinery dynamics. Marathon Petroleum had a rare refinery earnings miss on operational items believed to be one-time, with favorable 2026 capex guidance. The portfolio currently offers an indicated yield of 3.2% that is well supported down to roughly $45/bbl oil, with potential for significantly larger variable capital returns at higher commodity prices. Suncor Energy raised its dividend 5.3% amid strong buybacks.		View
2024 Q3	Sep 30, 2024	Carillon Eagle Small Cap Growth Fund	0.0%	0.0%	ANF, CELH, CHRD, ELF, LNTH, PCVX, PJT, RMBS, VNOM, ZETA	AI, energy, financials, growth, healthcare, small cap, technology	The dramatic growth in AI infrastructure investment remains a dominant theme in the market. The team believes many of their holdings are well positioned to benefit from the hundreds of billions of dollars being invested by mega-cap tech companies. AI spending remains a bright area with promising opportunities to capitalize on this long-term, multi-year trend.		View
2024 Q3	Sep 30, 2024	Miller Howard North American Energy Fund	0.0%	0.0%	AESI, CHRD, CVE, CVX, DINO, HES, KMI, OXY, PBA, TRGP, TRP, WTTR, XOM	energy, Midstream, Natural Gas, oil, Pipelines, Shale	Portfolio rotation into natural gas-focused midstream stocks delivered strong returns this quarter, partially offsetting oil producer and refiner weakness. Kinder Morgan is seeing excitement around long-term exposure to AI-related natural gas developments.	AESI WTTR	View
2022 Q3	Sep 11, 2022	Bernzott Capital Advisors – US Small Cap	8.5%	8.5%	ADTN, BV, CHRD, EHC, HCI, KN, SRC, TCBI, VNOM, WSC	-			View
2023 Q2	Jun 30, 2024	Miller Howard Investments Infrastructure	0.0%	0.0%	AES, AM, BCE, BK, CAG, CAH, CHRD, CNP, CSCO, D, DCP, EMN, ENB, EPD, EXR, GS, HCA, JNJ, JPM, KEY, KNF, LBRT, LNG, LYB, MDU, MPC, MSFT, MSM, NGG, NVDA, OMAB, POR, PPL, PSX, RRC, RY, SBAC, SO, SUN, UGI, VLO, VST, WMB	dividends, energy, infrastructure, interest rates, Recession, small caps, technology, Utilities	The letter extensively analyzes dividend-paying tech stocks versus non-payers, finding high-dividend tech stocks outperformed when excluding the internet bubble period. Miller/Howard focuses on companies with strong dividend growth prospects and views regular dividends as management confidence signals.		View
2023 Q2	Jun 30, 2024	Miller Howard Investments Income-Equity Strategies	3.6%	0.0%	AES, AGO, AGRO, AM, BCC, BCE, BK, CAG, CAH, CHRD, CNP, CSCO, D, DCP, EME, EMN, ENB, ENLC, EPD, ETD, EVR, EXR, FFBC, FULT, GS, HCA, JHG, JNJ, JPM, KEY, KFY, KNF, LBRT, LNG, LYB, MATX, MDU, MED, MEI, MPC, MSFT, MSM, NGG, NSP, NVDA, OMAB, OMF, POR, PPL, PSX, QCRH, RRC, RY, SBAC, SLP, SO, SUN, UGI, UHT, VLO, VST, WINA, WMB	dividends, energy, income, technology, Utilities, value, volatility	The letter extensively analyzes dividend-paying tech stocks versus non-payers, finding high-dividend tech stocks outperformed when excluding the internet bubble period. Miller/Howard focuses on companies with strong dividend coverage and growth potential, with their Income-Equity strategies yielding 3.5-3.7% and positioned for dividend growth throughout market cycles.		View
2023 Q2	Jun 30, 2024	Miller Howard Investments MLP Strategy	0.0%	0.0%	AES, AM, BCE, BK, CAG, CAH, CHRD, CNP, CSCO, D, DCP, EMN, ENB, EPD, EXR, GS, HCA, JNJ, JPM, KEY, KNF, LBRT, LNG, LYB, MDU, MPC, MSFT, MSM, NGG, NVDA, OMAB, POR, PPL, PSX, RRC, RY, SBAC, SO, SUN, UGI, VLO, VST, WMB	dividends, energy, income, infrastructure, technology, Utilities, value	The letter extensively analyzes dividend-paying tech stocks versus non-payers, finding high-dividend tech stocks outperformed when excluding the internet bubble period. Miller/Howard emphasizes dividend growth as a key investment criterion across all strategies, with multiple holdings announcing dividend increases during the quarter.		View
2023 Q2	Jun 30, 2024	Miller Howard Investments Utilities Plus	0.0%	0.0%	AES, AM, BCE, BK, CAG, CAH, CHRD, CNP, CSCO, D, DCP, EMN, ENB, EPD, EXR, GS, HCA, JNJ, JPM, KEY, KNF, LBRT, LNG, LYB, MDU, MPC, MSFT, MSM, NGG, NVDA, OMAB, POR, PPL, PSX, RRC, RY, SBAC, SO, SUN, UGI, VLO, VST, WMB	dividends, energy, income, infrastructure, Recession, technology, Utilities, volatility	The letter extensively analyzes dividend-paying tech stocks versus non-payers, finding high-dividend tech stocks outperformed when excluding the internet bubble period. During recessions, dividend increases still outnumber decreases by 3-to-1, with companies having lower leverage and stronger fundamentals more likely to maintain dividend growth.		View
2023 Q4	Jan 14, 2024	Madison Small Cap Fund	6.3%	17.2%	CFLT, CHRD, EPC, GOGO, HAIN, LZ, MC, OLLI, OSW, PRMW, SAIA, SHAK	energy, financials, healthcare, Quality, rates, small caps, technology, value	Small caps surged 14% in Q4 after benign inflation data, with the worst performers becoming the best in a dash for trash rally. Small caps finally outperformed large caps and mega cap tech after a narrow market year. The fund believes relative valuations remain more attractive for small caps than other domestic equity asset classes despite the recent rally.	CHRD BLZE 0MCB LN CFLT	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	Madison Small Cap Fund	Chord Energy Corporation	Energy	Oil & Gas Exploration & Production	Bull	NASDAQ	Bakken Shale, dividend yield, energy, Exploration & Production, Free Cash Flow, Oil & Gas, takeover target, Value	View Pitch
Apr 13, 2026	Fund Letters	Miller Value Partners Income Strategy	Chord Energy	Energy	Oil & Gas Exploration & Production	Bull	NASDAQ	capital allocation, consolidator, energy, Management alignment, merger, Oil & Gas Exploration, Williston Basin	View Pitch
Apr 13, 2026	Fund Letters	Madison Small Cap Fund	Chord Energy Corporation	Energy	Oil, Gas & Consumable Fuels	Bull	NASDAQ	Bakken, consolidation, E&P, energy, Equity, M&A, Oil & Gas, Shale	View Pitch
Apr 13, 2026	Fund Letters	Palm Valley Capital Management	Chord Energy	Energy	Oil, Gas & Consumable Fuels	Bull	NASDAQ	dividends, E&P, energy, Free Cash Flow, Oil & Gas, Proven Reserves, Share Buybacks, Value, Williston Basin	View Pitch
Apr 9, 2026	Fund Letters	Palm Valley Capital Management	Chord Energy Corporation	Oil & Gas E&P	Oil, Gas & Consumable Fuels	Bull	NASDAQ	conservative balance sheet, dividend, Free Cash Flow, Oil & Gas, operational efficiency, Share Buybacks, Williston Basin	View Pitch
Jan 8, 2026	Fund Letters	Jayme Wiggins	Chord Energy Corporation	Energy	Oil & Gas Exploration & Production	Bull	NASDAQ	buybacks, cashflow, dividends, energy, Shale	View Pitch

BSD Shareholders of CHRD

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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