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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 9, 2025 | Middle Coast Investing | - | - | ABM, BOOM, DECK, HSY, LEVI, LYFT, TRIP, WS | Caution, Hedging, tariffs, uncertainty, valuation | The letter frames the market environment as one of elevated uncertainty driven by tariffs, geopolitics, and policy risk. Management emphasizes cautious positioning, selective equity exposure, and the use of bonds and hedges. Individual stock value remains the core focus despite macro noise. | TRIP ABM DECK LYFT |
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| 2024 Q1 | May 7, 2024 | The London Company Small-Mid Cap | 2.0% | 4.8% | AWI, CABO, CHDN, DAVA, DECK, LANC, TREX, TTC | - | View | ||
| 2024 Q1 | May 13, 2024 | The London Company SMID Cap | 9.2% | 9.2% | AWI, CABO, CHDN, DAVA, DECK, LANC | - | View | ||
| 2025 Q1 | Apr 30, 2025 | Bell Global Equities Fund | -8.6% | -8.6% | 4684 JP, AUTO LN, BJ, BNZL LN, DECK, ENX FP, IT | - | View | ||
| 2024 Q1 | Apr 15, 2024 | Alger Mid Cap Focus Fund | 4.6% | 18.7% | ANSS, DECK, MBLY, SMCI, SNOW, VRT | - | View | ||
| 2024 Q1 | Apr 15, 2024 | FPA Queens Road Small Cap Value Fund | 7.5% | 8.2% | ALTM, CNXC, DECK, IDCC, JBT, MTZ, PVH, SFM, UGI, UNFI | - | View | ||
| 2025 Q1 | Apr 15, 2024 | The London Company Small-Mid Cap | -6.6% | -6.6% | AER, BR, CABO, CACC, CHDN, DECK, SAIA, THG, ZBRA | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Fidelity Growth Strategies Fund | -8.0% | -8.0% | DECK, HWM, NET, VRSK | - | View | ||
| 2024 Q4 | Dec 31, 2024 | FPA Queens Road Small Cap Value Fund | 2.4% | 10.8% | CNXC, CSWI, DECK, IDCC, MSM, SCHL, SFBS, SFM, SYNA, VSH | - | View | ||
| 2022 Q4 | Nov 2, 2023 | FPA U.S. Core Equity Fund, Inc. | 10.0% | 21.5% | AMZN, DECK, HOKA | - | View | ||
| 2024 Q3 | Oct 30, 2024 | FPA Queens Road Small Cap Value Fund | 7.5% | 8.2% | AAN, AAP, ALTM, AZO, CNXC, CSWI, DAR, DECK, FN, HMN, IDCC, ORLY, SFM, VSH | - | View | ||
| 2025 Q3 | Oct 28, 2025 | The London Company SMID Cap | 0.8% | -6.6% | ACIW, AWI, CWST, DECK, JKHY, NEU, REYN, SGI, WAT | Artificial Intelligence, fundamentals, interest rates, Mid Caps, Quality | The fund lagged its benchmark due to underperformance of high-quality holdings during a high-beta rally driven by AI enthusiasm and rate cuts. Management emphasized patience with quality-focused, cash-generative companies that historically regain leadership when speculation subsides. The team continues to avoid speculative growth, favoring resilient mid-cap franchises positioned for normalized rate environments. | DECK ACIW JKHY CWST WAT NEU SGI AWI DECK ACIW JKHY CWST WAT NEU SGI AWI |
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| 2025 Q3 | Oct 28, 2025 | The London Company Small-Mid Cap | 0.8% | -6.6% | ACIW, AWI, CWST, DECK, JKHY, NEU, REYN, SGI, WAT | Artificial Intelligence, fundamentals, interest rates, Quality, volatility | The portfolio trailed as high-beta, speculative stocks rallied on Fed easing and AI optimism, while quality-focused names lagged. Managers noted the markets shift toward volatility and speculation, which they expect to reverse as fundamentals reassert leadership. The team continues emphasizing resilient companies with strong cash flow and durable moats as valuations stretch and rate cuts support selective opportunities. | View | |
| 2025 Q4 | Jan 29, 2026 | 8th Wonder Investments | 0.0% | 0.0% | AAPL, AMZN, CMCSA, CRM, CSU.TO, DECK, DIS, GOOGL, HEI, LYV, META, MSFT, NFLX, NVDA, PARA, RH, SKX, TOI.TO, TSLA, WBD | aerospace, AI, Leadership, Luxury, M&A, Media, software, value | Warner Bros. Discovery represents a special situation investment driven by CEO David Zaslav's shift toward shareholder value creation and aggressive debt paydown. The company announced plans to split into two entities and received multiple takeover bids, with Netflix ultimately winning the bidding war. The market fears AI will disrupt vertical market software by eliminating switching costs and seat-based pricing. However, AI agents will likely increase demand for systems of record and control point software rather than replace them, as enterprises need guardrails for non-deterministic AI outputs. Constellation Software and Topicus represent the core thesis of acquiring mission-critical vertical market software businesses with high switching costs, recurring revenue, and defensive moats. These businesses serve niche markets where switching is painful and alternatives offer minimal benefits. The fund employs covered call strategies to generate income and reduce cost basis while building positions. This options-based approach allows for larger position sizing in balance sheet challenged businesses while providing downside protection. HEICO represents an antifragile business model in aftermarket aerospace components that gains market share during economic stress as airlines extend fleet life. The company demonstrates seamless leadership transition and decentralized operations that thrive on adversity. RH under Gary Friedman exemplifies exceptional leadership combining capital allocation with creative genius, transforming the company from near-bankruptcy into a luxury lifestyle brand with galleries that redefine retail and 30% EBITDA margins. | TOI CN CSU CN RH HEI WBD |
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| 2025 Q4 | Jan 20, 2026 | Greenlight Capital | 8.5% | 9.0% | AR, BHF, CNH, DECK, FLR, GPK, GPN, GRBK, HPQ, HSIC, LXS.DE, MSTU, MSTX, PRKS, SMR, SOLB.BR, SPB, TEVA, VSCO, WBD | Copper, Cyclical, gold, Hedge Fund, Long/Short, Macro, value | Gold had an exceptional year appreciating 64%. The primary driver was countries seeking to reduce dollar exposure for reserves and trade as the U.S. loses hegemonic leadership. Foreign central banks are increasing gold reserves and establishing it as an alternative to settling global trade in dollars, effectively re-monetizing gold within official government channels. Copper prices rose about 40% in 2025 driven by AI world demand for more copper while supply remains limited. Several large mines around the world experienced production shortfalls, contributing to the price appreciation. The fund focuses on building a bottom-up portfolio of equity longs that are absolutely cheap and misunderstood, paired with overvalued shorts. Many cyclical businesses faced earnings shortfalls but P/E multiples failed to expand as typically expected during cyclical downturns. | CNR SPB HSIC GPN DECK AR TEVA VSCO FLR |
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| 2024 Q2 | Jul 31, 2024 | FPA Queens Road Small Cap Value Fund | 7.5% | 8.2% | ALTM, DAR, DECK, FN, IAC, MTZ, SFBS, SFM, SNX, VSH | - | View | ||
| 2023 Q2 | Jul 19, 2023 | The London Company SMID Cap | 9.2% | 9.2% | DECK, ENTG, ST, THG, TREX, UNF | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Baird Small/Mid Cap Growth Equity Fund | 6.9% | 2.7% | AAON, APPF, CACI, DECK, HEI, MANH, POOL, RGEN, VERX, XPEL, ZBRA | - | View | ||
| 2023 Q1 | Apr 14, 2023 | FPA Queens Road Small Cap Value Fund | 7.5% | 8.2% | DECK, FN, GIII, IDCC, NJR, OMI, RLI, SFBS, SYNA, UNFI | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Artisan Mid Cap Fund | -7.4% | -7.4% | ASC SJ, AZO, BBY, BFAM, BKR, CCCS, DASH, DDOG, DECK, MRVL, PLTR, SAIA, SNOW, SPOT, VKTX, WST | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Carillon Eagle Mid Cap Growth Fund | - | - | APP, CELH, COR, DDOG, DECK, ITCI* MM, MRVL, RBRI, TTD, WCN | - | View | ||
| 2023 Q4 | Jan 23, 2024 | The London Company SMID Cap | 9.2% | 9.2% | CABO, DECK, HAS, MBI, TREX, WTM | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 4, 2026 | Twitter / X | @Heady_Creek | Deckers Outdoor Corporation | Consumer Discretionary | Footwear | Bull | NYSE | athleisure, ChannelInventory, Footwear, GrossMargins, Promotions, Running, Sneakers, Surveys, valuation | View Pitch |
| Feb 4, 2026 | Twitter / X | @wallstengine | Deckers Outdoor Corporation | Textiles, Apparel & Luxury Goods | Footwear | Bull | New York Stock Exchange | Athletic, Awareness, Branding, Footwear, growth, Hoka, International, retail, Running, Survey | View Pitch |
| Jan 24, 2026 | Fund Letters | David Einhorn | Deckers Outdoor Corporation | Consumer Discretionary | Footwear | Bull | New York Stock Exchange | brands, buybacks, Footwear, growth, tariffs | View Pitch |
| Jan 8, 2026 | Fund Letters | Daniel Shvartsman | Deckers Outdoor Corp. | Consumer Discretionary | Footwear | Bull | New York Stock Exchange | Brand, Footwear, growth, tariffs, valuation | View Pitch |
| Nov 29, 2025 | Fund Letters | Brian Campbell | Deckers Outdoor Corp. | Consumer Discretionary | Footwear & Apparel | Bull | NYSE | — | View Pitch |
| Nov 29, 2025 | Fund Letters | Brian Campbell | Deckers Outdoor Corp. | Consumer Discretionary | Footwear & Apparel | Bull | NYSE | — | View Pitch |
| Oct 23, 2025 | Value Investors Club | natey1015 | Deckers Outdoor Corp. | Consumer Discretionary | Footwear | Bull | NYSE | Brand compounding, International Growth, Lifestyle Tariffs | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Caffital Research | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | Neutral | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Cyn Research | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | Bull | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Julia Ostian | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | Bull | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Daniel Urbina | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | The Alpha Analyst | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | Bear | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Joon Jeon, CFA | Deckers Outdoor Corporation | Consumer Discretionary | Footwear & Accessories | Bull | 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 |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||