Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Jun 30, 2024 | Peterson Investment Fund | 1.0% | 7.9% | BABA, BRK-A, DJCO, NPN.L | Compounding, Concentration, dividends, long-term, Quality, value | The fund follows a concentrated value investing philosophy, focusing on owning thriving businesses with high-quality management teams trading at discounts to their growing intrinsic value. The strategy emphasizes ownership of the world's leading business models at deep discounts to intrinsic value. | View | |
| 2026 Q1 | Apr 9, 2026 | Peterson Investment Fund | -0.8% | -0.8% | BABA, BRK/A, DJCO, GOOGL, NPN.JO | Concentration, energy, Geopolitical, long-term, oil, shipping, value | View | ||
| 2025 Q4 | Mar 10, 2026 | Peterson Investment Fund | - | - | BABA, BRK.B, DJCO, GOOG, NPSNY | AI, Capital Allocation, China, Compounding, Concentration, technology, Value Investing | AI is viewed as economically consequential and transformative, improving product quality and expanding monetizable surfaces across platforms like Alphabet's ecosystem. However, adoption is constrained by computing economics, implementation friction, and infrastructure limits. The manager emphasizes that profits will accrue where unit economics are defensible and workflow integration is structural. Google Cloud is highlighted as scaling into enterprise infrastructure with improving profitability and durable growth potential. The manager tracks Cloud for margin expansion and conversion of contracted demand into revenue, viewing it as a key component of Alphabet's multi-platform compounding story. Share repurchases are emphasized as a key capital allocation tool across multiple holdings. Alibaba returned $12 billion in buybacks reducing share count by 5%, while Naspers' buyback program has reduced free float by 28% and driven NAV accretion. The manager evaluates buybacks based on accretion to per-share intrinsic value. Alibaba is positioned as a structural toll bridge inside digital commerce where merchant supply, consumer demand, and logistics throughput reinforce each other. The manager focuses on scale-based unit economics and market share stability in core commerce platforms. | View | |
| 2023 Q4 | Aug 3, 2024 | Peterson Investment Fund | -3.5% | 21.7% | BABA, BRK-B, DJCO, EBAY, ORCL, T, XOM | Cloud, compounders, concentrated, dividends, E-Commerce, real estate, technology, value | Fund employs concentrated value investing approach targeting undervalued companies with exceptional growth prospects and strong management teams. Uses deep fundamental analysis and structured value purchasing methods to acquire shares below intrinsic value. | BABA DJCO |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Peterson Investment Fund | Daily Journal Corporation | Software & Services | Application Software | Bull | NYSE | Courthouse Technology, government software, investment portfolio, Legal Technology, Municipal Contracts, recurring revenue, SaaS, Technology Transformation | View Pitch |
| Jan 22, 2026 | Twitter / X | @alexbossert | Daily Journal Corporation | Industrials | Publishing & Information Services (Legal Software & News) | Bull | NASDAQ | Australia, Canada, Djco, Journal, Jti, Newspaper Business, Radar, Sell Side Coverage | 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 |
|---|---|---|---|---|---|---|---|---|
| Israel Englander | Millennium Management LLC | $233.2B | $11.4M | 0.00% | 23,347 | +21,069 | +924.89% | 1.7088% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $499,990 | 0.00% | 1,026 | -638 | -38.34% | 0.0751% |
| Cliff Asness | AQR Capital Management | $190.6B | $1.5M | 0.00% | 3,075 | +1,437 | +87.73% | 0.2251% |