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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | May 9, 2024 | Rewey Asset Management | 9.8% | 18.5% | 8035.T, AMAT, ARIS, CAT, COLB, GE, LRCX, MKSI, RELL, WAB | Banking, Commercial real estate, energy, semiconductors, small caps, value, water | RELL is suffering from significant investor neglect due to the downcycle in the semiconductor capital equipment cycle. The manager sees substantial recovery potential as the cycle turns, with the CHIPS Act, AI, PC refresh cycle, 5G, EVs and autonomous driving as drivers. RELL's customers like LRCX are trading at all-time highs while RELL trades near multi-year lows. | RELL COLB ARIS |
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| 2025 Q3 | Nov 4, 2025 | Aristotle Small Cap Equity Fund | 3.2% | -1.5% | AEIS, ALE, AZEK, BWIN, COLB, CRI, DLB, DY, FLWS, HAE, HGV, JHX, KN, KNX, MRCY, MTSI, OGS, PCP, PPBI, REI, SPNS, WNC | Banking, defense, healthcare, Natural Gas, semiconductors, small caps, value | Small cap equities delivered robust performance in Q3 2025, with the Russell 2000 reaching its first all-time high since November 2021. Small caps benefited from dovish Fed rhetoric, attractive relative valuations, broadening market breadth, earnings recovery, and rotation away from mega-cap stocks. Valuations remain compelling relative to large caps, with the Russell 2000 trading near multi-decade lows on a relative basis. | COLB MTSI MRCY SUPN |
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| 2024 Q3 | Oct 30, 2024 | Gator Capital Management | 10.8% | 24.3% | AX, BXP, CBNA, COLB, CUZ, FCNCA, HOOD, JXN, PYPL, REAL, UMBF, VNO, WAL | Banking, Deposits, financials, Regional Banks, value | The fund focuses heavily on regional banking with multiple positions including First Citizens Bancshares, UMB Financial, Western Alliance Bancorp, and Columbia Banking System. The manager emphasizes the value of strong deposit franchises following the Regional Bank Crisis in March 2023. | CBNA |
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| 2025 Q3 | Oct 14, 2025 | Aristotle Small/Mid Cap Equity | 2.6% | - | AEIS, AGI.TO, ALE, AZEK, CIEN, COLB, CRI, FLWS, HAE, HGV, JHX, MTSI, PNW, PPBI, PRMB, SCI, SUPN, VYX, WTRG, WWW | AI, Banking, gold, healthcare, mid cap, small cap, technology, Utilities | Artificial Intelligence driven optimism fueled risk-on sentiment as companies with AI exposure or disruptive potential saw disproportionate gains. Investors chased momentum and future earnings potential over traditional valuation metrics. Ciena benefited from AI-related demand and technological innovation in optical networking equipment. | View | |
| 2025 Q4 | Jan 23, 2026 | American Century Small Cap Value Fund | -1.1% | -3.3% | AMKR, ARCB, ARW, AVT, AXS, BBWI, BC, BIRK, COLB, EEFT, ENOV, EVTC, GPK, HZO, MARA, OKLO, ONB, PATK, SSB, TKR, UMBF | banks, consumer discretionary, healthcare, industrials, semiconductors, small cap, value | The fund maintains significant overweight exposure to banks, remaining constructive on the industry due to continued positive inflection in net interest income and belief that fears of an extended negative credit cycle were overstated. Many holdings still trade meaningfully below historical multiples. Overweight positioning tilted toward higher-quality, unique businesses targeting high-end consumers including global consumer brands like Brunswick and Birkenstock. Specialty retail exposure includes marine dealers and Bath & Body Works. The sector remains attractive with overweight positioning in higher-quality industrials including machinery, distribution, and commercial services. Many holdings demonstrated strong pricing power during inflationary environment and returned cash to shareholders via dividends, buybacks and debt reduction. Information technology contributed through stock selection, with strong results from Amkor Technology benefiting from AI packaging solutions and domestic chip manufacturing trends. The company is one of two in the US capable of providing large-scale advanced packaging solutions. | View | |
| 2024 Q4 | Jan 28, 2025 | Gator Capital Management | 14.2% | 41.9% | AX, BOH, C, COLB, CUZ, FCNCA, GLE.PA, HIFS, HONE, HOOD, JPM, JXN, KINS, NBN, OFG, PNFP, SLM, TCBI, UMBF, VNO | Banking, Capital markets, financials, interest rates, M&A, Regional Banks | Manager remains optimistic about regional banks in 2025, citing benefits from interest rate cuts, expected loan growth acceleration, and improved M&A environment under new administration. Regional banks are viewed as undervalued compared to historical averages and positioned to benefit from flattened yield curve and repricing of maturing loans. | GLE.PA |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Rewey Asset Management | Columbia Banking Systems | Financials | Regional Banks | Bull | NASDAQ | Bull, commercial real estate, high dividend yield, Merger Integration, Pacific Northwest, regional bank, share repurchases, Value | View Pitch |
| Nov 29, 2025 | Fund Letters | Dave Adams | Columbia Banking System Inc. | Financials | Banks | Bull | NASDAQ | banking, Capital, dividends, efficiency, EPS growth, merger, synergies | 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 |
|---|---|---|---|---|---|---|---|---|
| Steven A. Cohen | Point72 Asset Management | $86.8B | $16.1M | 0.02% | 575,593 | +509,112 | +765.80% | 0.1713% |
| Richard Pzena | Pzena Investment Management | $33.4B | $50.4M | 0.15% | 1,804,394 | -121,952 | -6.33% | 0.5371% |
| Ray Dalio | Bridgewater Associates | $27.4B | $3.6M | 0.01% | 129,033 | +129,033 | +100.00% | 0.0384% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $105.9M | 0.14% | 3,788,957 | +725,357 | +23.68% | 1.1279% |
| Israel Englander | Millennium Management LLC | $233.2B | $6.8M | 0.00% | 244,808 | -160,486 | -39.60% | 0.0729% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $9.8M | 0.01% | 349,859 | -28,061 | -7.43% | 0.1041% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $2.2M | 0.00% | 77,659 | -63 | -0.08% | 0.0231% |
| Cliff Asness | AQR Capital Management | $190.6B | $21.3M | 0.01% | 761,643 | +31,200 | +4.27% | 0.2267% |
| Mario Gabelli | GAMCO Investors | $10.4B | $3.6M | 0.03% | 129,088 | -6,601 | -4.86% | 0.0384% |
| Kevin M. Keeley | Keeley-Teton Advisors, LLC | $824.8M | $9.2M | 1.11% | 367,599 | +10,335 | +2.89% | 0.0976% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $643 | 0.00% | 23 | +0 | +0.00% | 0.0000% |