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 |
|---|---|---|---|---|---|---|---|---|---|
| 2023 Q2 | Jul 14, 2023 | WestEnd Capital | - | - | AI, AMD, ET, LLY, NVDA | Artificial Intelligence Infrastructure, capital flows, Growth Stocks, Semiconductor Demand, Technology Allocation | The quarter centered on direct engagement with AI leaders, including NVIDIA and AMD, reinforcing conviction in GPU-driven infrastructure demand and software-enabled productivity gains :contentReference[oaicite:1]{index=1}. WestEnd significantly increased technology exposure, adding to semiconductor, cloud, and software leaders while trimming cyclicals and travel-related holdings. The portfolio reflects a strategic tilt toward companies positioned to benefit from massive capital flows into AI and innovation. | ET LLY AI AMD NVDA |
View |
| 2024 Q1 | Apr 20, 2024 | Alpha Wealth Funds – The Insiders Fund | 0.0% | 1.2% | AXON, CRK, DVN, ET, HR, MSFT, MU, ORCL, XOM | - | View | ||
| 2025 Q1 | Apr 12, 2025 | Alpha Wealth Funds – The Insiders Fund | - | - | ADBE, APPF, DVN, ET, GRAL, INBX, LULU, MSCI, ROK, SNBR, ZBRA | - | View | ||
| 2025 Q3 | Dec 4, 2025 | Silver Beech Capital | - | 3.5% | DNTL, ET, FFH, FR, GFR, GSY, MHC, PLYM, PRKS, RTO, SWX, WSC | CashFlow, Discipline, fundamentals, valuation, value | Silver Beech emphasizes a disciplined value approach amid a speculative market that rewards unprofitable growth and ignores cash-flow durability. The fund argues that valuation gaps versus the S&P 500 provide a margin of safety, with opportunities created by cyclical dislocations rather than structural impairment. Value investing remains compelling as fundamentals, free cash flow, and capital returns ultimately reassert themselves. | View | |
| 2023 Q4 | Dec 2, 2024 | Silver Beech Capital | 0.0% | 22.3% | BN, ET | - | View | ||
| 2022 Q4 | Nov 1, 2023 | Alpha Wealth Funds – The Insiders Fund | 0.0% | 1.2% | ALB, CF, CME, CRK, ET, MOS, NSA, RKT, SD, UAL, UPLD | - | View | ||
| 2025 Q3 | Oct 20, 2025 | Alpha Wealth Funds – The Insiders Fund | - | 14.8% | AMAT, AMD, APP, AXON, ET, GOOG, INTC, LLY, MRVL, ROK | Artificial Intelligence, Energy Infrastructure, healthcare, insider buying, semiconductors | The fund returned 21% YTD, led by strong gains in Alphabet, Intel, and Applied Materials as AI and semiconductor momentum accelerated. Managers emphasized insider buying across key holdings, particularly in Eli Lilly and Marvell Technology. The letter frames AI as the decades defining opportunity while maintaining diversification through healthcare and energy infrastructure plays. | MRVL AMD INTC AMAT LLY APPF ROK AXON ET GOOG MRVL AMD INTC AMAT LLY APPF ROK AXON ET GOOG |
View |
| 2025 Q4 | Jan 30, 2026 | Alpha Wealth Funds – The Insiders Fund | -0.4% | 30.8% | AMAT, AMD, APPF, AXON, ET, GOOGL, INTC, LLY, LRCX, MRVL, NKE, NSC, NUE, ROK | AI, Automation, Industrial, Manufacturing, Onshoring, semiconductors, technology | Geopolitical events and government incentives like the U.S. CHIPS Act are driving monumental investment to localize advanced semiconductor manufacturing in the U.S. and allied nations. This builds resilience and meets future demand from AI, 5G/6G, and advanced auto. The fund seeks direct beneficiaries of this capital expenditure cycle. Focus expands beyond Generative AI and LLMs to Physical AI—the integration of AI/ML into autonomous physical systems and advanced robotics. The next wave of productivity will come from intelligent machines executing complex real-world tasks. This includes foundational AI infrastructure, Edge AI hardware, and advanced Industrial/Service Robotics. The fund is positioned around the thesis that the U.S. Government will spend whatever amount necessary to assist the government-private industry partnership to reshore the semiconductor industry. Companies like Applied Materials dominate wafer fabrication equipment as AI, advanced packaging, and memory capex ramp globally. Broader echo of the semiconductor trend covering other critical industries like rare earth metals, batteries, and pharmaceuticals where focus is shifting from lowest-cost sourcing to supply chain resilience. The fund targets companies establishing highly automated, next-generation domestic production capabilities. | NSC INTC MRVL NUE ROK AMAT APPF ET GOOG |
View |
| 2025 Q4 | Jan 24, 2026 | Miller Howard Investments MLP Strategy | 1.9% | 6.0% | AM, EPD, ET, GEL, LNG, PAA, SUN, WES, WMB | Data centers, dividends, energy, LNG, Midstream, MLPs, Natural Gas, Pipelines | The midstream energy industry is healthy with declining leverage, stronger balance sheets, and shareholders being rewarded through higher dividends and share buybacks. New tailwinds have developed including natural gas exports, data centers, and electrification trends driving demand growth. Data centers represent a significant tailwind for natural gas demand, with the US expected to see an additional 20-25 Bcf/d of incremental natural gas demand through 2030. However, this tailwind will not fully impact midstream cash flows until 2027. Distribution increases were prominent with 6 of 16 holdings announcing dividend increases this quarter, averaging 7.5% year-over-year growth. Rising dividends are expected as midstream cash flows increase from growing demand. Natural gas exports represent a key growth driver for the midstream sector. However, concerns about LNG supply/demand fundamentals weighed on some stocks, and potential Russian gas returning to Europe could negatively impact US natural gas exports. | View | |
| 2024 Q4 | Jan 20, 2025 | Alpha Wealth Funds – The Insiders Fund | - | 7.6% | CARR, COP, DVN, ET, GRAL, INBX, LBRT, LLY, LULU, LUV, MSFT, RXST | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 21, 2026 | Fund Letters | George Bolton | Energy Transfer LP | Energy | Oil & Gas Storage & Transportation | Bull | New York Stock Exchange | dividends, energy, midstream, Permian, Pipelines | View Pitch |
| Feb 4, 2026 | Fund Letters | Harvey Warren Sax | Energy Transfer L.P. | Energy | Oil & Gas Storage & Transportation | Bull | New York Stock Exchange | data centers, dividends, midstream, Pipelines, Power-Demand | View Pitch |
| Feb 2, 2026 | Seeking Alpha | Seeking Alpha | Energy Transfer LP | Energy | Midstream | Bull | New York Stock Exchange | bond issuance, CapEx projects, Digital Economy, distributable cash flow, energy infrastructure, fee-based revenue, investment-grade balance sheet, midstream energy, natural gas supply, take-or-pay contracts | View Pitch |
| Jan 28, 2026 | Seeking Alpha | Seeking Alpha | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | New York Stock Exchange | dividend yield, Energy Transfer LP, EPS growth, expansion projects, growth capex, insider purchases, Lake Charles project, natural gas, PEGY ratio, valuation ratios | View Pitch |
| Jan 11, 2026 | Seeking Alpha | Seeking Alpha | Energy Transfer LP | Energy | Midstream Oil & Gas | Bull | New York Stock Exchange | AI revolution, data centers, distribution yield, EBITDA growth, Energy Transfer, infrastructure network, midstream, natural gas, risk-adjusted returns, valuation gap | View Pitch |
| Dec 3, 2025 | Fund Letters | Harvey Warren Sax | Energy Transfer L.P. | Energy | Oil & Gas Storage & Transportation | Bull | NYSE | Contracts, dividends, LNG, midstream, tariffs | View Pitch |
| Nov 29, 2025 | Fund Letters | Harvey Warren Sax | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | NYSE | cash flow, energy infrastructure, inflation hedge, Pipelines, stability, yield | View Pitch |
| Nov 28, 2025 | Fund Letters | Harvey Warren Sax | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | NYSE | cash flow, energy infrastructure, inflation hedge, Pipelines, stability, yield | View Pitch |
| Nov 2, 2025 | Seeking Alpha | Seeking Alpha | Energy Transfer LP | Oil & Gas Midstream | Bull | AI boom, cash flows, data centers, Distribution growth, Energy commodities, Fee-based revenues, leverage, Midstream sector, Pipeline infrastructure, yield | View Pitch | ||
| Sep 17, 2025 | Seeking Alpha | Seeking Alpha | Energy Transfer LP | Oil & Gas Midstream | Bull | capital appreciation, distribution yield, earnings growth, energy infrastructure, hydrocarbon streams, integrated asset base, midstream value chain, profitability, strong buy, valuation | View Pitch | ||
| Aug 13, 2025 | Seeking Alpha | Power Hedge | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | NYSE | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Leo Nelissen | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Fredrik Arnold | Energy Transfer | Energy | Oil & Gas Midstream | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | KM Capital | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Wade Capital | Energy Transfer LP | Energy | Oil & Gas Midstream | Bull | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Hunting Alpha | Energy Transfer LP | Energy | Oil & Gas Midstream | Bear | 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 |
|---|---|---|---|---|---|---|---|---|
| David Tepper | Appaloosa LP | $6.9B | $36.1M | 0.52% | 2,191,250 | -2,765,985 | -55.80% | 0.0555% |
| Leon Cooperman | Omega Advisors | $3.0B | $219.6M | 7.29% | 13,320,100 | +225,100 | +1.72% | 0.3373% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $2.0M | 0.00% | 120,000 | -75,000 | -38.46% | 0.0030% |
| Stephen Selver | Bramshill Investments | $1.8B | $1.5M | 0.09% | 92,547 | +629 | +0.68% | 0.0023% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $214.6M | 0.17% | 13,014,994 | +374,000 | +2.96% | 0.3296% |
| Murray Stahl | Horizon Kinetics | $7.4B | $5.9M | 0.08% | 359,648 | -9,887 | -2.68% | 0.0091% |
| Cliff Asness | AQR Capital Management | $190.6B | $277,741 | 0.00% | 16,843 | -600 | -3.44% | 0.0004% |
| Mario Gabelli | GAMCO Investors | $10.4B | $413,899 | 0.00% | 25,100 | +9,800 | +64.05% | 0.0006% |
| David Abrams | Abrams Capital Management | $5.7B | $100.8M | 1.78% | 6,115,417 | -90,360 | -1.46% | 0.1549% |