DTG-DE

DTG-DE

DTG-DE

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 31, 2025	Pzena International Value ADR Strategy	7.3%	19.4%	6367.T, 6479.T, 6981.T, 7733.T, BABA, CON.DE, DTG.DE, EVK.DE, RXL.PA, SBRY.L, SHEL, SNY	Currency, Europe, international, Japan, Restructuring, tariffs, value, volatility	The portfolio focuses on undervalued companies with characteristics for improved valuations, establishing new positions in Japanese companies at attractive entry points and adding to positions on relative weakness.	6367.T 6981.T	View
2024 Q1	May 9, 2024	Polaris International Equity	5.8%	10.1%	000270.KS, 000660.KS, 005930.KS, 007700.KS, 055550.KS, 066570.KS, 2338.HK, 4502.T, 6758.T, 8002.T, ANTO.L, BPOP, DTG.DE, GNC.L, HNR1.DE, LUMI.TO, MEOH, MNDI.L, MUV2.DE, NOMD.L, NXT.L, OTEX, PUB.PA, SKG.L, TEP.PA, YAR.OL	Asia, cyclicals, Europe, international, materials, technology, value	The electrification of everything and resurgent Chinese economy drove demand, while supply constraints from declining production rates at productive mines and political disruptions created tight market conditions. This benefited pure copper players like Lundin Mining and Antofagasta PLC, both jumping over 20% for the quarter.		View
2024 Q1	May 9, 2024	Polaris Global Equity	6.9%	12.7%	000660.KS, 005930.KS, 066570.KS, ALSN, ANTO.L, CG, CROX, DCOM, DTG.DE, HNR1.DE, LUN.TO, MKSI, MSFT, MUV2.DE, NXT.L, OTEX, PUB.PA, SKG.L, SONY, TEP.PA	AI, Copper, financials, global, industrials, rates, technology, value	AI was a driving force behind divergent results for portfolio holdings. Publicis Groupe advanced after announcing a strategy to become the industry's first AI-powered Intelligent System. Teleperformance declined on concerns that generative AI will disrupt their call center business. Microsoft continues to benefit from AI demand despite no longer being the cheapest stock in the portfolio.		View
2024 Q1	Apr 15, 2024	Oakmark International Fund	8.8%	0.0%	BAYN.DE, BXB.AX, DTG.DE, MBG.DE, SKG.L, SN.L, WRK	Europe, healthcare, industrials, international, value	The fund focuses on purchasing companies at discounts to intrinsic value estimates. All three new positions were acquired at discounts to estimated intrinsic value despite improving fundamental outlooks.	SN.L SKG.L BXB.AX BAYN.DE DTG.DE	View
2024 Q1	Apr 15, 2024	Oakmark Global Fund	7.5%	0.0%	BAYN.DE, CHTR, CNC, CRBG, CRM, DHR, DTG.DE, GM, MBG.DE, STJ.L	Autos, Europe, global, healthcare, value	Daimler Truck Holding was a top contributor with strong Q4 results and 2024 margin guidance exceeding expectations. Management's decisive actions improved pricing, service penetration, and cost flexibility, with Mercedes-Benz segment increasing adjusted EBIT margin from less than 1% in 2019 to over 10% last year.	CNC STJ.L DTG.DE	View
2024 Q1	Apr 15, 2024	Ariel International Fund	7.6%	0.0%	AMIGY, APTV, DTG.DE, ELE.MC, FMS.DE, FUJHY, JD, MABUY, NCBDY, NTDOY, OPHLF, RBGLY, SIEGY, SPXCY, STJPF, STLA, TSYHY, VEA, VIV	Autos, Cyclical, Energy Transition, international, undervalued, value	The fund initiated positions in multiple automotive companies including Daimler Truck, Stellantis, and Aptiv, viewing the sector as offering attractive entry points amid cyclical pessimism. The managers see opportunities in electric vehicle transition, operational improvements, and market share gains across different automotive segments.	SIE.DE JD APTV ELE.MC FME.DE 7832.T STLA DTG.DE 7270.T	View
2024 Q1	Apr 15, 2024	Ariel Global Fund	6.9%	0.0%	033780.KS, 7270.T, 7832.T, ADM.L, APTV, BIDU, COF, CVS, DOX, DTG.DE, DVA, ELE.MC, INTC, JD, MUV2.DE, NESN.SW, PM, SIE.DE, SRG.MI, STLA, TDC	Automotive, global, healthcare, long-term, technology, undervalued, value	Artificial intelligence is driving investor enthusiasm and market performance. Companies like Baidu are investing heavily in AI with their Ernie Bot launch, while Capital One is rated as a leading bank in AI implementation.		View
2024 Q1	Apr 15, 2024	Harris Associates International Equity Strategy	0.2%	0.2%	BAYN.DE, BXB.AX, CON.DE, DTG.DE, ISP.MI, MBG.DE, PRU.L, SKG.L, SN.L	Autos, Europe, financials, healthcare, international, value	The fund invests in businesses priced at substantial discounts to intrinsic value estimates. Multiple new positions were initiated at discounts to intrinsic value including Brambles, Smurfit Kappa, and Smith & Nephew. The strategy focuses on finding value regardless of what is in favor at any given moment.		View
2024 Q4	Dec 31, 2024	Oakmark Global Fund	-5.8%	2.5%	A, BAYRY, BDX, CAP.PA, CNC, COF, DSV.CO, DTG.DE, ELV, GM, GOOGL, IPG, MTN	consumer discretionary, Europe, financials, global, healthcare, Restructuring, value	The industry faces headwinds due to mismatches between reimbursement rates and medical costs, but this is expected to prove transitory. Changes to pricing and plan designs will help realign profit trends over time, though a return to normal profitability will take a few years.	MTN ELV DSV.CO BDX BAYRY COF	View
2025 Q3	Oct 24, 2025	Pzena International Value ADR Strategy	6.6%	27.3%	6367.T, 6762.T, 8795.T, AKE.PA, BABA, CON.DE, DTG.DE, INGA.AS, ML.PA, NWG.L, RXL.PA, TEP.PA	AI, Asia, Europe, financials, international, Recovery, value	The manager emphasizes investing in cheap company valuations when assessed against fundamentals, with portfolios weighted toward businesses in profit recovery mode. Recent uncertainty has created opportunities for long-term value investors.	ARK FP DTG GR 6762 JP BABA ARK FP DTG GR BABA	View
2025 Q3	Oct 16, 2025	Polaris Global Equity	5.0%	18.5%	000660.KS, 005930.KS, 055550.KS, 5019.T, 6758.T, 8306.T, 8591.T, ABBV, ALSN, BARRY.SW, BPOP, CAP.PA, CG, CVS, DHL.DE, DTG.DE, ELV, GD, IAG.L, IPS.PA, JAZZ, LKQ, LNTH, LUN.TO, MEOH, MG, MKSI, MNDI.L, MPC, NEE, PUB.PA, SBH, SLM, UNH, UTHR, VIPS	AI, Energy Transition, financials, global, healthcare, semiconductors, Trade Policy, Valuations	The current two-speed economy is characterized by a narrow AI-driven boom versus subdued growth across most other industries. Just seven mega-cap U.S. tech stocks drove nearly 60% of the S&P 500 gains in 2025 to date. The frothy valuations in the AI tech sector should make investors cautious, as concentrated indices could face material correction if the AI boom busts.		View
2025 Q3	Oct 16, 2025	Polaris International Equity	4.8%	24.5%	000660.KS, 005930.KS, 055550.KS, 5019.T, 6758.T, 8306.T, 8591.T, BPOP, CAP.PA, DPW.DE, DTG.DE, IAG.L, JAZZ, LUN.TO, MEOH, MG, MNDI.L, PUB.PA, TEP.PA, VIPS	AI, Energy Transition, Europe, financials, international, Japan, semiconductors, Trade Policy	AI enthusiasm drove market gains with concentration in mega-cap tech stocks. Samsung and SK Hynix benefited from HBM memory progress and AI chip demand. The manager notes frothy AI valuations and warns of potential correction if the AI boom busts.		View
2024 Q2	Jul 31, 2024	Ariel International Fund	7.6%	0.0%	7270.T, BAWG.VI, CS.PA, DTG.DE, EMAAR.DU, IFX.DE, STLA, TSM, VOD.L	AI, Asia, Autos, Europe, financials, international, semiconductors, value	AI investment boom is driving significant demand for semiconductor hardware. Apple's announcement on Apple Intelligence kickstarted an Edge AI race which will likely drive greater than expected semiconductor growth in smartphones.	IFX.DE EMAAR.DU BAWG.VI CS.PA 7270.T DTG.DE STLA 105560.KS TRE.MC TSM	View
2024 Q2	Jun 30, 2024	Polaris Global Equity	6.9%	12.7%	000270.KS, 000660.KS, 066570.KS, 2338.HK, 8001.T, 8002.T, ALSN, ANTO.L, BARN.SW, CG, CVS, DG.PA, DTG.DE, ELV, FTK.DE, GNC.L, JAZZ, LKQ, LUN.TO, MEOH, MG, MPC, MSFT, MUV2.DE, NEE, NVS, OTEX, SRBANK.OL, SVEG.OL, TEP.PA, TSN, U11.SI, UNH, UTHR, WBS, WMB	AI, Copper, Energy Transition, financials, global, healthcare, value	Copper prices increased over 20% from mid-February to late May due to tight supply and high demand from energy transition applications like electric vehicles and AI automation. Lundin Mining and Antofagasta benefited from this copper price momentum.		View
2024 Q2	Jun 30, 2024	Polaris International Equity	5.8%	10.1%	000270.KS, 000660.KS, 005380.KS, 055550.KS, 066570.KS, 2338.HK, 8001.T, 8002.T, ANTO.L, BARN.SW, DG.PA, DNB.OL, DTG.DE, FTK.DE, GNC.L, IPS.PA, JAZZ, LUN.TO, MEOH, MG, MUV2.DE, NOVN.SW, OTEX, PUB.PA, SVEG.OL, TEP.PA, U11.SI, YAR.OL	AI, Asia, Copper, Europe, international, materials, technology	Copper prices increased over 20% from mid-February to late May due to tight supply and high demand from energy transition applications such as electric vehicles, as well as artificial intelligence and automation. Lundin Mining and Antofagasta PLC benefited from these copper trends.		View
2023 Q4	Jan 18, 2024	Polaris International Equity	5.8%	10.1%	000270.KS, 000660.KS, 005930.KS, 2338.HK, 6758.T, 7267.T, 8001.T, AD.AS, AMC.L, ANTO.L, BPOP, BWY.L, DG.PA, DTG.DE, ENI.MI, FTK.DE, HNR1.DE, IPS.PA, JAZZ, KGX.DE, LUN.TO, MEOH, MUV2.DE, NVS, NXT.L, PUB.PA, SDZ.SW, SKF-B.ST, SKG.L, TEP.PA, TW.L, YAR.OL	AI, consumer discretionary, industrials, international, rates, value	Manager emphasizes purchasing cash-flow generative companies at excellent values, noting that more appropriately priced cost of capital is particularly beneficial for value stocks. The gale force headwind of growth over value stocks for the past decade is shifting, especially in international markets.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	Oakmark International Fund	Daimler Truck Holding	Capital Goods	Machinery	Bull	XETRA	Buses, commercial vehicles, Cyclical, Equity, Germany, manufacturing, margin expansion, trucks	View Pitch
Apr 13, 2026	Fund Letters	Oakmark Global Fund	Daimler Truck Holding	Capital Goods	Machinery	Bull	XETRA	Buses, commercial vehicles, Cyclical, Equity, Germany, margin expansion, spin-off, trucks, turnaround	View Pitch
Apr 13, 2026	Fund Letters	Ariel International Fund	Daimler Truck Holding AG	Industrials	Machinery	Bull	XETRA	commercial vehicles, Cyclical, Germany, margin expansion, Quality, Trucking, valuation gap	View Pitch
Apr 13, 2026	Fund Letters	Ariel International Fund	Daimler Truck Holding AG	Industrials	Construction & Farm Machinery & Heavy Trucks	Bull	Frankfurt Stock Exchange	commercial vehicles, Cyclical, Free Cash Flow, German, Margins, Mercedes-Benz, trucks	View Pitch

BSD Shareholders of DTG-DE

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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.

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