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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 7, 2025 | AMG Yacktman Fund | 5.8% | 7.3% | 012330.KS, 0992.HK, CNQ, CTSH, KT, KVUE, MSFT, PEP, PG, RLI, SCHW, SSNLF, UHAL | Buybacks, consumer, large cap, South Korea, technology, value | Yacktman approaches investing with an owner's mindset, evaluating underlying business fundamentals and requiring prices that compensate for risks. The fund focuses on risk-adjusted returns over market cycles, with historically strong performance following periods of lofty valuations like today's market. | View | |
| 2026 Q2 | Aug 11, 2026 | AMG Yacktman Focused Fund | 10.8% | 22.1% | 005930 KS, 012330 KS, 028260 KS, BR, CNQ, CTSH, INTU | AI, energy, large cap, semiconductors, software, South Korea, value | View | ||
| 2026 Q2 | Aug 11, 2026 | AMG Yacktman Fund | 7.6% | 13.7% | 005930 KS, 012330 KS, 028260 KS, BR, CNQ, CTSH, INTU | AI, energy, Geopolitical, large cap, semiconductors, South Korea, value | View | ||
| 2026 Q2 | Jul 27, 2026 | Pzena International Value ADR Strategy | 11.2% | 11.1% | 005930 KS, ACN, C, CDW, CRBG, CTSH, DOW, EQH, EQNR, GLOB, HSBA.L, MBG.DE, POR.DE, SHEL, TSM, UBS | AI, energy, financials, IT Services, normalized earnings, semiconductors, value | View | ||
| 2026 Q2 | Jul 27, 2026 | Pzena Focused Value strategy | 14.0% | 8.7% | ACN, BAX, C, CDW, CTSH, CVS, HUM, WDAY | AI Disruption, Health Care, IT Services, large cap, normalized earnings, semiconductors, US, value | View | ||
| 2026 Q2 | Jul 17, 2026 | Shelton Equity Income Strategy | 9.3% | - | BSX, COP, CSCO, CTSH, CVS, FTNT, LRCX, NFLX, NTAP, VZ | AI, Covered Calls, income, Options, semiconductors, technology, volatility | View | ||
| 2026 Q2 | Jul 15, 2026 | Distillate Capital Fundamental Stability & Value | - | 3.9% | ACN, ADBE, AMZN, AVGO, CRM, CTSH, EPAM, FDX, FFIV, GOOGL, ICE, INTU, JBL, META, MPC, MRK, MSFT, NVDA, ON, ORCL | AI, free cash flow, international, momentum, Quality, semiconductors, small caps, value | View | ||
| 2026 Q2 | Jul 15, 2026 | Distillate Capital International | - | 3.9% | ACN, ADBE, AMZN, AVGO, CRM, CTSH, EPAM, FDX, FFIV, GOOGL, ICE, INTU, JBL, META, MPC, MRK, MSFT, NVDA, ON, ORCL | AI, free cash flow, international, momentum, Quality, semiconductors, small caps, value | View | ||
| 2026 Q1 | May 13, 2026 | Shelton Equity Income Strategy | -0.2% | -0.2% | AKAM, BAC, BSX, COP, CTSH, DIS, LRCX, MRK, SYF, VZ, XOM | dividends, energy, income, Options, volatility | View | ||
| 2026 Q1 | Apr 28, 2026 | Pzena Focused Value strategy | -4.7% | -4.7% | ACN, AVT, C, CDW, COF, CTSH, DAL, DOW, DOX, FMC, HUM, OSK, SWKS | energy, financials, healthcare, industrials, technology, value | CDW ACN CTSH COF HUM |
View | |
| 2024 Q1 | Apr 15, 2024 | AMG Yacktman Focused Fund | 7.6% | 7.6% | 005930.KS, 030200.KS, CNQ, CTSH, GOOGL, MSFT, PEP, PG, SCHW, UHAL | Consumer Staples, energy, global, large cap, technology, value | The energy sector had a strong first quarter with portfolio energy companies performing well. The thesis is based on a medium-term supply/demand imbalance and the shift to returning capital to shareholders. CNQ represents the first energy investment in over a decade, followed by domestic exploration and production companies added in mid-2022. | BOL.PA K CNQ.TO |
View |
| 2024 Q4 | Dec 31, 2024 | AMG Yacktman Fund | -4.0% | 4.9% | 005930.KS, AAPL, CNQ, CTSH, FOXA, GOOG, MSFT, PEP, PG, SCHW, SPOT, TSM, UHAL, UMG.AS | Buybacks, Capital Allocation, energy, large cap, Media, technology, value | The fund focuses on companies trading at attractive valuations relative to their underlying business value. Samsung can be owned at a price close to tangible book value despite being a leading technology company. Bolloré trades at a significant discount with the manager believing its value to be two-to-three times current market valuation. | BOL.PA 005930.KS |
View |
| 2023 Q3 | Dec 26, 2023 | Bonsai Partners | 0.0% | -3.3% | ACN, CTSH, DAVA, EPAM, G, GLOB, NA9.DE, QCOM, TSM, TWKS, WIT | AI, IT Services, Robustness, semiconductors, technology, Value Investing | Manager emphasizes seeking robust businesses that spread risks across value chains or own key processes outright, avoiding fragile companies with single points of failure. Robust companies with pragmatic leadership are purpose-built to survive difficult terrain and act as hedges against unknowable risks. | View | |
| 2025 Q3 | Nov 21, 2025 | Shelton Equity Income Strategy | - | - | AAPL, AMZN, ANET, BSX, CMCSA, CTSH, DVA, FTNT, GM, GOOGL, META, MSFT, NEM, NVDA, PHM, TSLA | AI, equity income, Options, rates, technology, Trade Policy, volatility | The rally was sustained by enthusiasm for the AI trade, with the Magnificent Seven stocks reclaiming leadership after lagging earlier in the year. AI continues to drive market momentum and sector rotation. | View | |
| 2025 Q4 | Jan 29, 2026 | Pzena Focused Value strategy | 2.5% | 7.3% | BAX, C, CTSH, DAL, DG, DOX, FMC, KNX, MDT, PPG, QRVO, RHI, SWKS, WFC | Buybacks, Capital markets, earnings, Freight, Trade Down, value | Dollar General delivered strong same-store sales and margin improvement as customers traded down from grocery and pharmacy channels. This trade-down behavior provided a tailwind to margins that are expected to persist into 2026. Knight-Swift operates in a prolonged freight downturn with excess capacity added during the 2021 profit peak persisting despite weaker demand, pressuring rates and earnings. The company's scale and network efficiency should drive profitability recovery as conditions normalize. Citigroup rose amid strong capital markets activity and benign credit conditions. The company continued to repurchase stock and return capital to shareholders while transformation-related expenses are expected to decline next year. | View | |
| 2023 Q3 | Sep 30, 2023 | Diamond Hill Mid Cap | 8.3% | 13.3% | AIG, ALGT, BHF, CIEN, CTRA, CTSH, ENOV, ESAB, EXR, LHX, LNDC, MAA, RRR, SRCL, WBS, WCC, WY | energy, financials, industrials, mid cap, REITs, technology, value | Initiated position in L3 Harris Technologies, a defense contractor focused on communications, surveillance and electronic warfare. Anticipate US defense budget will be better than expected as the Defense Department prepares for peer-level threats. Believe there is room for improvement in recent execution, particularly at recently acquired Aerojet Rocketdyne. | View | |
| 2023 Q1 | Mar 31, 2023 | Diamond Hill Small-Mid Cap Strategy | 8.4% | 9.2% | AAP, ADM, AIG, ALGT, ALK, ALL, ARW, ASH, BHF, BKU, BOKF, BR, BRBR, BRO, BSX, BWA, CALM, CHKP, CIEN, CIVI, COOP, CTRA, CTSH, CUBE, DEI, ENOV, ERII, ESAB, ESGR, FA, FCX, FIBK, FIS, FWONA, GTES, HBI, HIG, ITGR, JLL, KEX, KMX, L, LANC, LOB, MTN, NVR, NXPI, OZK, PH, POST, PRG, RHP, RNR, RRR, RRX, RYN, SANM, SF, SRCL, SSNC, ST, UDR, UGI, VFC, WBS, WCC, WNS, WTW, WWW, WY | financials, industrials, mid cap, small cap, value | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 29, 2026 | Fund Letters | Pzena Focused Value strategy | Cognizant Technology Solutions Corporation | Information Technology Services | IT Services | Bull | NASDAQ | AI disruption, Digital transformation, IT services, organic growth, Outsourcing, Technology Consulting | View Pitch |
| Aug 13, 2025 | Seeking Alpha | May Investing Ideas | Cognizant Technology Solutions | Information Technology | Information Technology Services | Bull | NASDAQ | — | 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 |
|---|---|---|---|---|---|---|---|---|
| David Hoeft | Dodge & Cox | $185.3B | $1.2B | 0.67% | 14,983,337 | -1,218,305 | -7.52% | 3.8561% |
| Sarah Ketterer | Causeway Capital Management LLC | $7.3B | $128.8M | 1.77% | 1,552,361 | +202,183 | +14.97% | 0.3995% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $1.1M | 0.00% | 13,100 | -31,700 | -70.76% | 0.0034% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $1.3M | 0.00% | 15,400 | +15,400 | +100.00% | 0.0040% |
| Richard Pzena | Pzena Investment Management | $33.4B | $1.5B | 4.38% | 17,628,679 | -82,189 | -0.46% | 4.5369% |
| Cliff Asness | AQR Capital Management | $190.6B | $55.1M | 0.03% | 663,822 | -124,055 | -15.75% | 0.1708% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $489,700 | 0.00% | 5,900 | +116,934 | +3238.27% | 0.0015% |
| Israel Englander | Millennium Management LLC | $233.2B | $4.9M | 0.00% | 59,400 | -108,228 | -28.45% | 0.0153% |
| Jeremy Grantham | GMO LLC | $39.1B | $43.5M | 0.11% | 524,242 | +25,033 | +5.01% | 0.1349% |
| Oliver Murray | Brandes Investment | $13.1B | $192.8M | 1.47% | 2,322,430 | +58,728 | +2.59% | 0.5977% |
| Brian Ashford-Russell | Polar Capital Holdings | $25.8B | $40.0M | 0.15% | 482,096 | +482,096 | +100.00% | 0.1241% |
| Louis Bacon | Moore Capital Management | $6.8B | $2.9M | 0.04% | 35,026 | +35,026 | +100.00% | 0.0090% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $224.8M | 0.75% | 2,708,542 | -1,508,990 | -35.78% | 0.6971% |
| Donald Yacktman | Yacktman Asset Management | $7.1B | $247.6M | 3.47% | 2,983,431 | -316,003 | -9.58% | 0.7678% |
| Rich Handler | Jefferies | $19.3B | $2.6M | 0.01% | 31,776 | -11,371 | -26.35% | 0.0082% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $6,557 | 0.00% | 79 | -51 | -39.23% | 0.0000% |
| Ray Dalio | Bridgewater Associates | $27.4B | $17.2M | 0.06% | 207,700 | -212,793 | -50.61% | 0.0535% |
| Ho Ching | Temasek Holdings | $31.6B | $56.0M | 0.18% | 675,035 | -148,243 | -18.01% | 0.1737% |