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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Jul 3, 2024 | LRT Capital Management | 0.0% | 15.8% | ABG, ALB, BALL, CCI, CHE, CIGI, DECK, DINO, ELS, EXPO, GPN, LAD, NOC, RLI, SSD, TSM, TTC, TXN, WH, XOM | Beta Hedging, Long/Short, quantitative, risk management, Systematic | View | ||
| 2025 Q2 | Jul 22, 2025 | Miller Howard Investments Income-Equity Strategies | 3.8% | - | AAPL, ABBV, AMZN, BK, C, CAG, CMCSA, COP, ELS, EMN, EPD, GOOGL, GS, GSK, HRB, HRL, JNJ, JPM, META, MSFT, NVDA, ORCL, ORI, PAYX, STT, TSLA, TTE, TXN | AI, Banking, dividends, financials, income, technology, value | AI leaders have raised spending forecasts with Meta CEO stating he would rather misspend hundreds of billions than be late to the game. The AI arms race is driving soaring capital expenditures among Magnificent 7 companies, with annual capex more than doubling since 2023 and expected to reach nearly half a trillion by 2027. This massive spending is eroding free cash flow while the ultimate division of AI spoils remains uncertain. | HRL ELS COP |
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| 2024 Q1 | Apr 15, 2024 | Aristotle Value Equity Fund | 6.3% | 12.3% | ADBE, AMP, ANSS, COF, CTVA, ELS, LEN, LOW, MCHP, MLM, MSFT, PH, PSX, SONY, SYY, TTE, XEL | energy, financials, large cap, materials, technology, Utilities, value | TotalEnergies implements a two-pillar strategy balancing traditional energy with renewable investments, planning to invest over 30% of spending in low-carbon businesses. The company aims to rank among the world's top five providers of solar and wind energy by 2030. Xcel Energy is positioned to benefit from increased demand for clean energy with strong wind and solar resources. | TTE LOW |
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| 2025 Q3 | Oct 19, 2025 | Miller Howard Investments | - | - | AR, BK, CAG, CCI, CMCSA, CNP, COP, DINO, ELS, ENB, EPD, GEL, GS, HESM, HRB, HRL, JPM, NI, NRG, STT, TTE, WTTR | AI, dividends, energy, financials, inflation, infrastructure, Natural Gas, Utilities | Miller/Howard emphasizes dividend increases as the strongest signal of management confidence, with 70% of financial holdings raising dividends by an average 14% in the quarter. The firm projects 2025 dividend growth of 5.0% for Income-Equity and 4.9% for the no-MLP version, maintaining their focus on high current income and dividend growth as core investment principles. | View | |
| 2025 Q3 | Oct 19, 2025 | Miller Howard Investments Income-Equity Strategies | 3.6% | - | AAPL, ABBV, AMZN, BK, C, CAG, CMCSA, COP, ELS, EMN, EPD, GOOGL, GS, GSK, HRB, HRL, JNJ, JPM, META, MSFT, NVDA, ORCL, ORI, PAYX, STT, TSLA, TTE, TXN | AI, dividends, energy, financials, income, technology, value | AI leaders have raised spending forecasts with Meta CEO stating he would rather misspend hundreds of billions than be late to the game. The AI arms race is driving soaring capital expenditures among the Magnificent 7, with annual capex more than doubling since 2023 and expected to reach nearly half a trillion dollars by 2027. This massive spending is eroding free cash flow while the ultimate division of AI spoils remains uncertain. | TTE HRL ELS COP |
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| 2023 Q3 | Apr 10, 2023 | LRT Capital Management | 0.0% | 15.8% | ABG, ACGL, ALGN, AZPN, BALL, CCI, CHE, DINO, ELS, EME, FIX, JKHY, NOC, RLI, SSD, TPL, TSM, URI, WH, WSM | Hedging, Long/Short, Quality, SMID Cap, Systematic | The fund focuses on high quality, diversified, and liquid companies with economic moats. The strategy emphasizes businesses with strong competitive dynamics that are unlikely to be meaningfully affected by small changes in interest rates. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Miller Howard Investments Income-Equity Strategies | Equity Lifestyle Properties | Real Estate | Equity Real Estate Investment Trusts (REITs) | Bull | NYSE | Equity, Land Lease, Manufactured housing, Nationwide Portfolio, Real Estate, REIT, rental income, RV Properties | View Pitch |
| Nov 29, 2025 | Fund Letters | Adam Fackler | Equity Lifestyle Properties Inc. | Real Estate | Residential REITs | Bull | NYSE | affordability, cash flow, dividends, Housing, Occupancy, REIT, Rent | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Brad Thomas | Equity LifeStyle Properties | Real Estate | REIT - Residential | 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 | $14.1M | 0.13% | 233,350 | +233,350 | +100.00% | 0.1051% |
| Israel Englander | Millennium Management LLC | $233.2B | $31.6M | 0.01% | 521,425 | -188,400 | -26.54% | 0.2348% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $42.8M | 0.03% | 706,100 | -58,060 | -7.60% | 0.3179% |
| Murray Stahl | Horizon Kinetics | $7.4B | $1.5M | 0.02% | 24,970 | -16,200 | -39.35% | 0.0112% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $12.9M | 0.02% | 213,590 | +144,629 | +209.73% | 0.0962% |
| Cliff Asness | AQR Capital Management | $190.6B | $10.6M | 0.01% | 175,286 | +10,163 | +6.15% | 0.0789% |
| Mario Gabelli | GAMCO Investors | $10.4B | $315,960 | 0.00% | 5,213 | +514 | +10.94% | 0.0023% |
| Kevin M. Keeley | Keeley-Teton Advisors, LLC | $824.8M | $1.7M | 0.21% | 25,918 | +251 | +0.98% | 0.0128% |
| Rich Handler | Jefferies | $19.3B | $1.0M | 0.01% | 16,700 | +2,620 | +18.61% | 0.0075% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $1.3M | 0.00% | 21,696 | -5,502 | -20.23% | 0.0098% |