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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 25, 2025 | Pzena Global Small Cap Focused Value Strategy | 7.6% | 2.9% | AAP, AKE.PA, DAN, HEL, HUN, JELD, LITE, RHI, TFX, TYDSF, VREX | Cyclical, global, small caps, tariffs, value, volatility | Portfolio positioned towards economically sensitive and cyclical names with attractive valuations. Manager emphasizes value opportunities created by market volatility and macro uncertainty affecting small cap stocks. | NOKBF RHI TFX ARKM.PA |
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| 2025 Q2 | Jun 30, 2025 | The Gabelli International Small Cap Fund | 13.8% | - | AAPL, AME, AMZN, AVGO, AXP, BATRA, BK, BMI, BMY, BRK.B, C, CAT, CHWY, CR, CVS, CVX, CW, DAN, DE, ELAN, EVRG, FRPT, GATX, GOOGL, GPC, HES, IDXX, ITT, JPM, KKR, LION, MA, META, MFI.TO, MLI, MSFT, MSGS, NEE, NEM, NFG, NFLX, NVDA, ORCL, PARA, RSG, SONY, SPGI, STT, T, TMUS, TRUP, V, WFC, ZTS | defense, energy, gold, Sports, tariffs, technology, Utilities | The Trump administration's tariff policies dominated market sentiment in Q2 2025, with Liberation Day (April 2) introducing sweeping tariffs that initially triggered a 21% market drawdown. However, a 90-day pause and bilateral trade agreements with key partners helped stabilize markets. The administration appears intent on rolling back globalization, with effective weighted average tariff rates potentially reaching 18%. | 5444 JP TCAP LN |
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| 2025 Q1 | Mar 31, 2025 | Pzena Global Small Cap Focused Value Strategy | -4.4% | -4.4% | 3401.T, 6481.T, ADNT, BIRG.L, CNO, CNXC, DAN, GCO, NVST | Cyclical, financials, global, small caps, tariffs, underperformance, value | Small cap stocks globally continued to underperform large-cap peers, widening the valuation gap between cohorts. The period remained particularly challenging for small caps, with US small caps declining markedly while non-US small caps were largely flat. Tariffs and economic impact drove weak sentiment particularly for small cap companies. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Nov 25, 2025 | Substack | Toff Cap Monday Monitor | Dana | Consumer Discretionary | Auto Parts | Bull | automotive, Buyback program, capital returns, division sale, shareholder value | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $6.5M | 0.01% | 273,631 | -152,657 | -35.81% | 0.1612% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $1.2M | 0.00% | 50,000 | +25,000 | +55.56% | 0.0295% |
| Cliff Asness | AQR Capital Management | $190.6B | $2.1M | 0.00% | 86,919 | -4,118 | -4.52% | 0.0512% |
| Israel Englander | Millennium Management LLC | $233.2B | $122.7M | 0.05% | 5,165,957 | +1,470,411 | +39.79% | 3.0433% |
| Bob Robotti | Robotti & Co Advisors, LLC | $710.5M | $3.7M | 0.51% | 153,858 | -9,705 | -5.93% | 0.0906% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $1.7M | 0.00% | 73,068 | -50,801 | -41.01% | 0.0430% |
| Mario Gabelli | GAMCO Investors | $10.4B | $54.5M | 0.52% | 2,292,431 | -437,926 | -16.04% | 1.3505% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $808 | 0.00% | 34 | +34 | +100.00% | 0.0000% |