ECG

ECG

ECG

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 9, 2025	Middle Coast Investing	-	-	AAPL, ABM, AER, AMZN, ATRO, AVGO, BOOM, COF, DECK, ECG, FCNCA, FG, HSY, LEVI, LULU, LYFT, OMAB, PGR, SCHW, SCS, SJM, TRIP, VMEO, WS	Apparel, financials, inflation, small caps, tariffs, technology, value	The Trump administration has backed off its most extreme tariff positions but tariffs remain higher than before April 2nd. The administration has expressed admiration for current tariff levels of 30% for China, varied tariffs for NAFTA partners, and at least 10% for the rest of the world. One trade deal has been reached with Vietnam entailing 20% tariffs on Vietnamese goods and 40% on third-party goods shipped through Vietnam.	DECK LYFT TRIP ABM DECK LYFT	View
2025 Q2	Jun 30, 2025	Riverwater Sustainable Value Strategy	-	-	CIEN, COOP, ECG, EXEL, GFF, HAE, LMNR, LNTH, LOPE, LPX, MSA, NCMI, PNW, VECO	Construction, healthcare, infrastructure, Safety, small cap, technology, value	ECG benefits from exponential power demand from AI and data centers, exemplifying Jevons Paradox where efficiency gains are overwhelmed by usage growth. The company's backlog has grown over 40% driven primarily by data center and high-tech infrastructure projects.	MSA GFF ECG MSA GFF LMNR ECG	View
2026 Q1	Apr 25, 2026	Wasatch Small Cap Growth Strategy	-	-	AGYS, CAMT, ECG, FOUR, NVMI, VITL	AI, growth, small caps, software, technology		ECG CAMT NVMI VITL AGYS FOUR	View
2026 Q1	Apr 21, 2026	abrdn U.S. Small Cap Equity Fund	1.0%	1.0%	ADMA, ATEC, ECG, GTX, KWR, MGY, MIR, PATK, QTWO, SHOO, VIAV	energy, Geopolitical, infrastructure, small caps, technology, US			View
2025 Q1	Apr 11, 2025	Middle Coast Investing	-	-	AAPL, AER, AMZN, ATKR, ATRO, AVGO, BRK.B, CCK, DALN, DFS, ECG, FCNCA, LULU, OMAB, PGR, PTLO, SCHW, SCS, SON, TRIP	aerospace, Airports, infrastructure, insurance, technology, Trade Policy, volatility	Manager expects continued volatility due to Trump administration's erratic policy approach and indifference to stock market performance. Planning to be quicker about buying and selling to take advantage of volatility, with raised cash levels to navigate uncertain environment.	GOOG SON ECG	View
2026 Q1	Mar 31, 2026	FPA Queens Road Small Cap Value Fund	6.1%	6.1%	CNXC, DECK, DORM, ECG, FAF, FN, GPK, LFUS, PLUS, QRVO, REVG, RLI, SFM, SKWS, SNX, UPBD, VSEC	long-term, Quality, rebalancing, small caps, value		RLI SFM LFUS SNX FN DORM FAF	View
2025 Q1	Mar 31, 2025	Renaissance Investment Management – Large Cap Growth	-	-	AAPL, ABBV, ANET, AVGO, BJ, BRO, CPRT, ECG, FERG, GOOGL, HON, MAR, MCK, MCO, NOW, ORLY, PWR, SHW, UBER	growth, large cap, Policy Uncertainty, Quality, semiconductors, technology, valuation	Artificial intelligence semiconductors drove strong demand for companies like Broadcom despite sector underperformance. AI inferencing represents a growth opportunity, though Chinese low-cost AI models created market headwinds for semiconductor stocks in the quarter.	ABBV CPRT	View
2025 Q4	Jan 9, 2026	Middle Coast Investing	2.7%	16.9%	AAPL, ABM, AER, AMZN, APOG, ATKR, ATRO, AVGO, BHF, CCK, COF, CPAY, ECG, FG, GOGO, GOOG, HI, HNI, HURC, LULU, LYFT, MLKN, OMAB, PAGS, PGR, PTLO, SCHW, TRIP, WS	Bottom-up, Cash, Defensive, Office Furniture, risk management, value	Manager emphasizes bottom-up investing approach, looking for companies that will do better in years ahead when stocks are priced attractively. Seeks good companies at fair prices to protect against market struggles while avoiding missing big years. Primary goal is to avoid blowing up and survive through bad times. Uses rules like not buying whole positions at once, demanding 50% upside, watching leverage, and knowing when to double down. Maintains defensive portfolio positioning. Decade-long investment theme in office furniture companies including Kimball International, Steelcase, and HNI Corporation. Believes return to office theme hasn't played out but might be soon, with order growth showing improvement across major players.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	Wasatch Small Cap Growth Strategy	Everus Construction Group, Inc.	Engineering & Construction	Construction & Engineering	Bull	New York Stock Exchange	AI infrastructure, backlog growth, Construction services, data centers, Electrical Contracting, Energy Capacity, Power Transmission	View Pitch
Apr 13, 2026	Fund Letters	Middle Coast Investing	Everus Construction Group	Industrials	Construction & Engineering	Bull	NASDAQ	construction, Cyclical, energy infrastructure, infrastructure, Pipelines, Power Lines, spin-off, Value	View Pitch
Apr 13, 2026	Fund Letters	Riverwater Sustainable Value Strategy	Everus Construction Group	Industrials	Construction & Engineering	Bull	NASDAQ	AI infrastructure, construction, data centers, discount, Distribution, Electrical, engineering, Grid modernization, spinoff, Transmission, Utility Infrastructure, Value	View Pitch
Jan 8, 2026	Fund Letters	Adam Peck	Everus Construction Group Inc.	Industrials	Construction & Engineering	Bull	New York Stock Exchange	backlog, construction, datacenters, infrastructure, tariffs	View Pitch
Aug 7, 2025	Substack	Special Situation Investing	Everus Construction Group	Other	-	Bull	NYSE	—	View Pitch

BSD Shareholders of ECG

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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