CSTCF

CSTCF

CSTCF

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 23, 2025	PM Capital Australian Companies Fund	5.3%	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	commodities, Copper, European Banks, gaming, gold, Onshoring, Trade Policy	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. European banks trade on significantly lower valuation multiples than their US and Australian peers.	NEM FCX SIE.DE BIRG.I INGA.AS CABK.MC LLOY.L	View
2025 Q2	Jul 23, 2025	PM Capital Enhanced Yield Fund	1.3%	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	Banking, commodities, Copper, European Union, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.		View
2023 Q2	Jul 18, 2023	Sandhill Investment Management	-	22.3%	1928.HK, 2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DEO, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, NEM.AX, RI.PA, SHEL, SIE.DE, SNY, SPEC.L, TECK, WYNN	Automation, commodities, Copper, European Banks, gaming, gold, Onshoring, value	European banks are significantly undervalued relative to US and Australian peers, trading at circa 8x earnings. Rising infrastructure and defence spending in Europe could stimulate industrial activity and credit demand, supporting a recovery that could take years to play out fully.	AIBG.L NEM SCCO LYG	View
2024 Q2	Jul 11, 2024	TEAM Asset Management	-	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	Banking, commodities, Copper, European Union, gaming, gold, Onshoring	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defense spending in Europe will stimulate industrial activity and credit demand. European banks are the largest theme in the global strategy with holdings in Lloyds, CaixaBank, ING Groep, and Bank of Ireland trading at lower valuation multiples.	AIBG.I NEM FCX SIE.DE BIRG.I INGA.AS CABK.MC LLOY.L	View
2023 Q1	May 31, 2023	GDS Investments	-	-	1928.HK, 2282.HK, A91.L, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, MSCI, NEE, NEM, NEM.AX, NEX.PA, QUB.AX, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK.TO, VK.PA, WOW.AX, WYNN	commodities, Copper, defense, European Banks, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defense spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.	FCX SIE.DE	View
2026 Q1	Apr 13, 2026	Devon Alpha Fund	8.7%	8.7%	AIA.NZ, COL.AX, CSTCF, FRE.NZ, GMG.AX, IFT NZ, JHX.AX, MQG.AX, NAB.AX, ORI.AX, SLC.AX, STO.AX, SUM.NZ, TRA.NZ, VSL.NZ	AI, Australia, Data centers, energy, Geopolitical, New Zealand, technology			View
2025 Q1	Mar 31, 2025	City Different Investments – Multi-Cap Core	-3.7%	-3.7%	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CRN.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, GQG.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	commodities, Decoupling, European Banks, gaming, Onshoring, tariffs, undervalued, value	European banks are significantly undervalued relative to US and Australian peers, trading at circa 8x earnings. Rising infrastructure and defense spending in Europe could stimulate industrial activity and credit demand, supporting a recovery that could take years to play out fully.		View
2024 Q1	Mar 31, 2024	Tarkio Fund	-	-	2282.HK, AIB.I, BIRG.I, CABK.MC, CGF.AX, CSTCF, DGE.L, EDV.AX, FCX, FDV.AX, HEIA.AS, INGA.AS, LLOY.L, NEM, RI.PA, SAN.PA, SHEL.L, SIE.DE, SPEC.L, TECK, WYNN	commodities, Copper, European Banks, gaming, gold, Onshoring, tariffs	European banks are significantly undervalued relative to US and Australian peers. Rising infrastructure and defence spending in Europe will stimulate industrial activity and credit demand. A reviving European economy could create jobs and boost anaemic credit growth, aiding European banks.		View
2025 Q3	Oct 21, 2025	Third Avenue Value Fund	11.9%	-	7270.T, AC.TO, BCC, BIRG, BMW.DE, BZU.MI, CBG.L, CSTCF, DB, EZJ.L, HCC, HEI, IFP.TO, LUN.TO, MBG.DE, ORI, ROG, S4C.L, UGPA3.SA	Banking, contrarian, Copper, Europe, Forecasting, Mining, value	Copper prices have benefited from increasingly tight global supplies, a weak U.S. dollar, breakdown of trust in global trading norms, and operational disruptions at several large copper mines. These dynamics have benefited holdings like Capstone Copper and Lundin Mining, with rising gold prices also helping copper miners that produce gold as a byproduct.	AC ROG BOISE DBK OR HBR LUN CS	View
2024 Q2	Jul 19, 2024	Third Avenue Value Fund	1.2%	0.0%	6856.T, 7433.T, BIRG.L, BMW.DE, BZU.MI, CBG.L, CSAV.SN, CSTCF, DB, EZJ.L, HA, HBRG.L, HCC, LUMI.TO, SFOR.L, SUBCY, TDW, UGP, VAL	Balance Sheet, Banking, Financial Wherewithal, Japan, rates, value	The fund employs a balance sheet-focused value investing approach emphasizing financial wherewithal, seeking companies that can endure challenges without value-destructive activities. This approach has produced 220 basis points of outperformance relative to the MSCI World Index since inception 34 years ago.	CBG.L 7433.T	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
No pitches found.

BSD Shareholders of CSTCF

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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