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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | Apr 15, 2024 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | AMZN, AZEK, CASY, CLFD, CTLT, CVRX, DOC, KNF, LFUS, MEDP, META, MGPI, MSFT, NVDA, NVT, PIPR, PLXS, TNC, WK | AI, financials, productivity, small caps, technology, value | Small cap stocks continue to trade at a significant discount to their larger cap peers, with small caps trading at a 32% discount to the broader market as measured by the S&P 500, and at a 14% discount to small cap stock's average as measured by the S&P 600. This is despite the average of analysts' earnings growth estimates for small cap companies outpacing large cap companies for the next several years. The fund sees great opportunities to invest in small companies with above-average growth prospects that are trading at favorable valuations. | View | |
| 2025 Q1 | Mar 31, 2025 | Cullen Enhanced Equity Income Fund | 5.8% | 5.8% | AAPL, AMZN, BCE, BMY, CVX, DOC, DOW, GOOGL, KDP, META, MO, PM, PNC, RIO, TFC, TRV, TSLA, UPS, VICI, VZ | AI, dividends, growth, income, tariffs, value, volatility | The strategy is positioned for a potential secular shift from Growth to Value stocks, with Value trading at a 94% discount to Growth versus the historical average of 57%. Value defensive sectors like Healthcare and Consumer Staples are trading at historically low valuations, presenting compelling opportunities. | PNC KDP |
View |
| 2024 Q4 | Dec 31, 2024 | Mairs & Power – Small Cap Fund | - | 7.3% | ALTR, AZEK, CASY, CLFD, CTLT, CVRX, CWAN, DOC, FUL, JBT, KNF, LFUS, LTH, MCS, MGPI, PIPR, PLXS, THRM, TNC, WTFC | financials, industrials, infrastructure, Manufacturing, small caps, value | Small cap stocks trade at a 29% discount to the S&P 500 despite earnings growth estimates outpacing large caps. The fund sees great opportunities in small companies with above-average growth prospects trading at favorable valuations. Management notes potential for small caps to narrow the gap with large caps given less regulation and increased small business confidence. | View | |
| 2024 Q3 | Sep 30, 2024 | Mairs & Power – Small Cap Fund | 0.0% | 9.0% | AZEK, CASY, CFR, CLFD, CTLT, CVRX, DOC, ENTG, JBT, KNF, LTH, MCS, MGPI, PIPR, QCRH, THRM, TNC, TTC, WK, WTFC | banks, Fed, growth, rates, small caps, Valuations | Small cap stocks currently trade at a 29% discount to the broader market and 6% discount to their long-term average, despite analysts expecting small cap earnings growth to outpace large caps. The fund sees great opportunities in small companies with above-average growth prospects at favorable valuations. Lower interest rates should disproportionately benefit smaller companies over time. | View | |
| 2024 Q4 | Jan 23, 2025 | Aristotle Small/Mid Cap Equity | -0.5% | 13.5% | ACHC, AXTA, AZPN, CMCO, COLD, CTLT, DOC, GTLS, HXL, INFN, NSIT, SUM | growth, healthcare, industrials, materials, SMID Cap, technology, value | Chart Industries benefited from surging demand for cryogenic equipment used in the clean energy sector, with record high orders and substantial sales increases. The company's equipment serves the industrial gas, energy, and biomedical industries with particular strength in clean energy applications. | NSIT HXL DOC CMCO AXTA COLD |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Aristotle Small/Mid Cap Equity | Healthpeak Properties | Real Estate | Health Care REITs | Bull | NYSE | Demographics, healthcare REIT, Lease Rate Recovery, life sciences, Medical Office Buildings, senior housing, Supply-Demand Imbalance | View Pitch |
| Mar 19, 2026 | Substack | Toff Cap Monday Monitor | Healthpeak Properties | Real Estate | REIT - Healthcare Facilities | Bull | United States | demographic trends, financial flexibility, Healthpeak Properties, Janus Living, market volatility, occupancy rates, Real Estate, REIT, senior housing, spin-off | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Motti Sapir | Healthpeak Properties | Real Estate | REIT - Healthcare Facilities | Neutral | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | The Alpha Analyst | Healthpeak Properties | Real Estate | REIT - Healthcare Facilities | Bull | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | The Dividend Collectuh | Healthpeak Properties, Inc. | Real Estate | REIT - Healthcare Facilities | 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 |
|---|---|---|---|---|---|---|---|---|
| Marc Rowan | Apollo Global Management | $10.6B | $8.7M | 0.08% | 538,110 | +538,110 | +100.00% | 0.0725% |
| Tim Campbell | Baillie Gifford | $120.3B | $5.9M | 0.00% | 367,256 | +315,763 | +613.22% | 0.0495% |
| Jo Taylor | Ontario Teachers' Pension Plan | $4.3B | $6.2M | 0.14% | 386,667 | +110,228 | +39.87% | 0.0521% |
| Chris Davis | Davis Selected Advisers | $22.2B | $7.0M | 0.03% | 435,936 | -457,796 | -51.22% | 0.0588% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $32.0M | 0.06% | 1,988,328 | -16,300 | -58.63% | 0.2681% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $733,505 | 0.00% | 45,616 | +18,153 | +66.10% | 0.0062% |
| Israel Englander | Millennium Management LLC | $233.2B | $56.5M | 0.02% | 3,512,223 | +2,464,612 | +235.26% | 0.4735% |
| Cliff Asness | AQR Capital Management | $190.6B | $6.7M | 0.00% | 416,698 | +152,532 | +57.74% | 0.0562% |
| Louis Bacon | Moore Capital Management | $6.8B | $2.5M | 0.04% | 157,641 | +157,641 | +100.00% | 0.0213% |
| Rich Handler | Jefferies | $19.3B | $623,502 | 0.00% | 38,775 | +38,775 | +100.00% | 0.0052% |