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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 16, 2025 | Harding Loevner International Equity | 9.2% | 14.8% | 002352.SZ, 005930.KS, 0669.HK, 0700.HK, 1299.HK, 2057.HK, 2308.TW, 2318.HK, 2330.TW, 300760.SZ, 4507.T, 4519.T, 4684.T, 6146.T, 6301.T, 6383.T, 6690.HK, 6758.T, 6861.T, 6869.T, 8113.T, ADYEN.AS, AI.PA, ALC, ALFA.ST, ALV.DE, ASML, ASSA-B.ST, ATCO-A.ST, ATD.TO, BAP, BBVA, BHP, CNR, COLOB.CO, D05.SI, DSY.PA, EPI-A.ST, FMX, GFNORTEO.MX, GMAB, HDB, HLN.L, LIN, MELI, MFC, NESN.SW, NTES, NVS, NZYM-B.CO, OR.PA, RIO, ROG.SW, RYA.L, SAF.PA, SAP, SEB-A.ST, SHEL, SOON.SW, SU.PA, SY1.DE, TLKM | aerospace, AI, defense, Europe, Health Care, international | Health care equities have underperformed despite strong fundamentals due to political and regulatory uncertainty in the US and beyond. Policy risks include drug pricing reforms, Medicaid funding cuts, and reduced NIH funding. However, the sector's structural advantages remain intact with continued innovation like GLP-1 therapies. | View | |
| 2025 Q2 | Jul 10, 2025 | Black Bear Value Partners | -10.5% | -11.7% | ABG, AN, BLDR, CNR, FLG, HCC | catalysts, Concentration, free cash flow, Shorts, turnaround, value | Auto dealerships generate strong free cash flow even in soft markets with over 50% of profits from parts and services. The businesses are priced as if there will be no growth despite scale advantages and consolidation runway with 90% of dealerships privately owned. | View | |
| 2025 Q1 | Apr 8, 2025 | Black Bear Value Partners | -1.3% | -1.3% | ABG, BLDR, CNR, FLG, HCC | Auto Dealers, Banking, Coal, Homebuilders, Opportunistic, tariffs, value, volatility | Tariffs will likely slow economic growth, decrease corporate confidence, increase prices and shake up supply chains. This creates opportunities for companies with pricing power, healthy capital structures, staying power, low cost advantages and capable management. The manager is repositioning the portfolio in anticipation of tariff announcements. | CNR |
View |
| 2026 Q1 | Apr 13, 2026 | Greenlight Capital | 6.5% | 6.5% | ACHC, CNR, CROX, DHT, GPK, KD, SLM, VSNT | Geopolitical, gold, healthcare, Macro, oil, shipping, War | SLM CROX VSNT CNR DHT ACHC |
View | |
| 2024 Q3 | Oct 18, 2024 | The Bristol Gate U.S. Equity Strategy | 8.4% | 15.0% | AMAT, ATD.TO, BN, CARR, CIGI, CNR, JWEL.TO, LOW, MCHP, MCK, SHW, SJ.TO | Canada, dividends, financials, industrials, materials, rates, technology | Bristol Gate focuses on high dividend growth companies, with 17 of 22 US portfolio companies announcing dividend increases averaging 13% in 2024. The firm's machine learning model identifies high dividend growers as their core investment universe. Portfolio companies demonstrate sustainable dividend growth backed by earnings and free cash flow growth. | View | |
| 2025 Q1 | Apr 16, 2025 | Greenlight Capital | 8.2% | 8.2% | BHF, CNR, SYENS, TKWY | AI, Bear Market, Coal, gold, Macro, Politics, Recession, Trade Policy | The Administration is leading economic policy with protectionism, using tariffs to raise revenue and create barriers for domestic production. This creates serious risks including potential loss of reserve currency status and alienation of allies. The continually shifting demands and possible alienation of allies risk causing a loss of trust. | CNR BHF |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Blue Tower Asset Management | Cornerstone Building Brands | Materials | Building Products | Bull | NYSE | Automation, Building Products, construction, debt reduction, Housing Boom, LBO, Merger Synergies, Value | View Pitch |
| Apr 14, 2026 | Fund Letters | Greenlight Capital | Core Natural Resources | Thermal Coal | Coal & Consumable Fuels | Bull | New York Stock Exchange | coal, Commodities, Energy security, Energy Supply Disruption, geopolitical, Natural Gas Substitution | View Pitch |
| Apr 13, 2026 | Fund Letters | Black Bear Value Partners | Core Natural Resources | Energy | Coal & Consumable Fuels | Bull | NYSE | Asian Demand, ESG Underinvestment, Export Dependent, Fortress Balance Sheet, Low-cost producer, metallurgical coal, Steel Production, supply constraints | View Pitch |
| Apr 13, 2026 | Fund Letters | Greenlight Capital | Core Natural Resources | Energy | Coal & Consumable Fuels | Bull | NYSE | balance sheet strength, Coal Mining, Commodity Cyclical, Energy Policy, Export Markets, merger, Share Buybacks | View Pitch |
| Jan 24, 2026 | Fund Letters | David Einhorn | Core Natural Resources, Inc. | Energy | Coal & Consumable Fuels | Bull | New York Stock Exchange | buybacks, coal, Freecashflow, metallurgical, spinoff | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Kingdom Capital | Core Natural Resources | Energy | Thermal Coal | Bull | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Eliana Scialabba | Core Natural Resources | Energy | Thermal Coal | Neutral | NYSE | — | 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 |
|---|---|---|---|---|---|---|---|---|
| Todd J. Kantor | Encompass Capital Advisors | $2.5B | $19.9M | 0.81% | 225,000 | +225,000 | +100.00% | 0.4451% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $929,355 | 0.00% | 10,500 | -6,700 | -38.95% | 0.0208% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $28.1M | 0.03% | 316,987 | +16,245 | +5.40% | 0.6271% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $40.3M | 0.05% | 455,344 | +271,013 | +147.03% | 0.9007% |
| Israel Englander | Millennium Management LLC | $233.2B | $51.9M | 0.02% | 586,422 | +367,192 | +167.49% | 1.1600% |
| Cliff Asness | AQR Capital Management | $190.6B | $718,387 | 0.00% | 8,116 | +1,572 | +24.02% | 0.0161% |
| Louis Bacon | Moore Capital Management | $6.8B | $15.1M | 0.22% | 170,046 | +88,283 | +107.97% | 0.3364% |
| Rich Handler | Jefferies | $19.3B | $150,467 | 0.00% | 1,700 | +1,700 | +100.00% | 0.0034% |