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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 21, 2025 | Aristotle/Saul Global Equity Fund | 9.1% | 10.4% | ALC, AMGN, CCO.TO, COF, D05.SI, FCFS, LEN, MCHP, MLM, MSFT, PYPL, SONY, UBER | financials, Global Equity, healthcare, nuclear, payments, semiconductors, technology, Trade Policy | President Trump introduced a universal 10% import tariff and reciprocal tariffs on dozens of countries as part of Liberation Day. A 90-day pause on reciprocal tariffs was enacted, and the U.S. and U.K. finalized the Economic Prosperity Deal expanding American access to British markets. | UBER COF ALC AMGN MCHP CCO.TO UBER COF PYPL ALC SW AMGN MCHP CCO CN |
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| 2025 Q1 | Apr 30, 2025 | Fidelity Small Cap Discovery Fund | - | -8.1% | BECN, CIEN, COKE, FAF, FCFS, G, MMS, MTTR, NSIT, OLN, OMI, PATK, PFGC | financials, healthcare, industrials, small cap, technology, value | The fund focuses on companies with low implied expectations where there is substantial disparity between current share price and intrinsic value. Value stocks tended to lag during the quarter while expensive, high-momentum stocks outperformed, creating stylistic headwinds for the fund. | View | |
| 2024 Q1 | Apr 15, 2024 | Aristotle/Saul Global Equity Fund | 6.4% | 11.6% | 005930.KS, ADBE, CCJ, FCFS, LEN, MCHP, MLM, MSFT, SONY, TTE | Diversified, Global Equity, Long Term, Quality, Value Investing | Munich Re demonstrated strong results as it continues to win market share, leverage global scale and show underwriting discipline. Recent global crises showcase Munich Re's prudent risk-taking and global diversification attributes. The company and peers have benefited from industrywide price increases, contributing to increased return of capital to shareholders. | MURGF MLM SONY ADBE |
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| 2025 Q4 | Feb 4, 2026 | Aristotle/Saul Global Equity Fund | 3.3% | 19.8% | 005930.KS, 6594.T, 6954.T, 8001.T, CCO, D05.SI, EGB.VI, FCFS, FMC, GOOGL, LEN, LOW, MLM, MSFT, SONY, UBER | AI, Automation, Central Banking, Global Equity, Quality, Trade Policy, value | Artificial intelligence continued to be a major theme with more than 300 S&P 500 companies mentioning AI on earnings calls. However, scrutiny increased around AI-related revenue circularity, massive capital spending scale, and durability of longer-term returns on investment. The enthusiasm helped propel mega-cap tech stocks higher and drive market gains. Trade relations between the U.S. and China remained a key market focus with tariff escalations and export controls. China expanded export controls on rare earth minerals while the U.S. threatened 100% tariffs in retaliation. A one-year trade truce was ultimately reached between Presidents Trump and Xi Jinping. Global automation adoption accelerated amid labor shortages, rising wages, and increasing manufacturing complexity. FANUC demonstrated leadership in factory automation and industrial robotics, with robot sales in China growing over 80% year-over-year and collaboration with NVIDIA on AI-driven robotics solutions. | View | |
| 2025 Q3 | Nov 4, 2025 | Aristotle/Saul Global Equity Fund | 5.1% | 16.0% | 005930.KS, 3064.T, BN, CCJ, D05.SI, FCFS, GOOGL, HTGPF, LEN, MLM, MSFT, MUV2.DE, NEM.DE, NVDA, SONY, TSLA | AI, global, Memory, semiconductors, technology, Trade Policy, value | Samsung secured Nvidia's approval for its high-bandwidth memory product (HBM3E) during the quarter, positioning the company to compete in next-generation HBM4. The company demonstrated industry-leading data transfer speeds and is engaging in supply discussions with major AI chipmakers. Samsung also announced a strategic partnership with OpenAI potentially generating demand of up to 900,000 DRAM wafers per month. | NEM GR 4385 JP FCFS 005930 KS NEM GR 4385 JP FCFS 005930 KS |
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| 2023 Q3 | Oct 19, 2023 | Aristotle/Saul Global Equity Fund | 6.4% | 11.6% | ADBE, AMGN, CCJ, FCFS, LEN, MCHP, MLM, MSFT, TTE | catalysts, fundamentals, global, Quality, value | View | ||
| 2024 Q2 | Jun 30, 2024 | Fidelity Small Cap Discovery Fund | -7.2% | 0.5% | BECN, CIEN, COKE, FAF, FCFS, G, MMS, MTTR, NSIT, OLN, OMI, PATK, PFGC | consumer discretionary, healthcare, industrials, small cap, value | The fund focuses on companies with low implied expectations where there is substantial disparity between current share price and intrinsic value. The strategy emphasizes identifying disparities through intensive bottom-up research and seeking attractive risk-adjusted returns through disciplined portfolio construction. | View | |
| 2025 Q1 | Apr 14, 2025 | FMI All Cap Equity | - | - | AHT.L, ALLE, D05.SI, FCFS, LLOY.L, SW.PA | defense, Europe, financials, tariffs, technology, value, volatility | FMI emphasizes holding portfolios of durable businesses trading at discount valuations with strong cash flow generation. They welcome increased market volatility as it creates opportunities for value investors after a period where momentum dominated and individual security selection was an afterthought. | SW.PA ALLE FCFS |
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| 2025 Q1 | Apr 14, 2025 | FMI International Equity | - | - | AHT.L, ALLE, D05.SI, EDEN.PA, FCFS, LLOY.L, SW.PA | defense, Europe, financials, tariffs, technology, value | FMI emphasizes value investing approach, noting they are encouraged to see value stocks outperforming growth stocks in both the U.S. and abroad in 2025. They take comfort holding portfolios of durable businesses trading at discount valuations. | SW.PA ALLE FCFS |
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| 2025 Q1 | Apr 14, 2025 | FMI Large Cap Equity | - | - | AHT.L, ALLE, D05.SI, EDEN.PA, FCFS, LLOY.L, SW.PA | Banking, defense, Europe, Quality, tariffs, technology, value, volatility | FMI emphasizes value investing approach, holding portfolios of durable businesses trading at discount valuations. They welcome increased market volatility as it creates opportunities for value investors after momentum-driven markets. | SW.PA ALLE FCFS |
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| 2025 Q1 | Apr 14, 2025 | FMI Small Cap Equity | - | - | AHT.L, ALLE, D05.SI, FCFS, LLOY.L, SW.PA | defense, Europe, small cap, tariffs, technology, value, volatility | FMI takes comfort holding portfolios of durable businesses trading at discount valuations with strong cash flow. They welcome increased market volatility as it creates opportunities for value investors after a period where momentum dominated and individual security selection was an afterthought. | SW.PA ALLE FCFS |
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| 2025 Q1 | Mar 31, 2025 | Heartland Value Plus Fund | -8.2% | -8.2% | FCFS, GTES, THG | industrials, insurance, Patience, self-help, small caps, value | The fund focuses on attractively priced, well-managed companies with high-quality balance sheets, low debt, and positive earnings dynamics through their 10 Principles of Value Investing. They seek companies trading at material discounts to historical multiples despite strong fundamentals. | GTES FCFS THG |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Heartland Value Plus Fund | FirstCash Holdings Inc. | Financials | Consumer Finance | Bull | NASDAQ | Collateral, consumer finance, Counter-cyclical, Credit risk, defensive, Dividend Growth, Pawn Shops, Share Buybacks, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | FMI All Cap Equity | FirstCash Holdings, Inc. | Consumer Discretionary | Consumer Finance | Bull | NASDAQ | Collateralized Lending, consolidation, consumer finance, Counter-cyclical, defensive, Mexico, Pawn, regulatory barriers | View Pitch |
| Apr 13, 2026 | Fund Letters | FMI International Equity | FirstCash Holdings, Inc. | Consumer Discretionary | Specialized Consumer Services | Bull | NASDAQ | Collateralized loans, consolidation, Counter-cyclical, defensive, Mexico, Pawn, regulatory barriers, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | FMI Large Cap Equity | FirstCash Holdings, Inc. | Consumer Discretionary | Consumer Finance | Bull | NASDAQ | consolidation, consumer finance, Counter-cyclical, defensive, Mexico, Pawn, regulatory barriers, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | FMI Small Cap Equity | FirstCash Holdings, Inc. | Consumer Discretionary | Consumer Finance | Bull | NASDAQ | consolidation, consumer finance, Counter-cyclical, defensive, Equity, Mexico, Pawn, Value | View Pitch |
| Nov 29, 2025 | Fund Letters | Howard Gleicher | FirstCash Holdings Inc. | Financials | Consumer Finance | Bull | NASDAQ | acquisition, cash flow, consumer finance, defensive, expansion, growth, Pawn | View Pitch |
| Nov 28, 2025 | Fund Letters | Howard Gleicher | FirstCash Holdings Inc. | Financials | Consumer Finance | Bull | NASDAQ | acquisition, cash flow, consumer finance, defensive, expansion, growth, Pawn | View Pitch |
| Nov 3, 2025 | Seeking Alpha | Seeking Alpha | FirstCash Holdings, Inc. | Credit Services | Bull | cash generation, defensive business model, dominant market position, earnings growth, FirstCash, Geographic Diversification, Latin America, pawn lending, strategic acquisitions, U.K. expansion | View Pitch | ||
| Nov 3, 2025 | Seeking Alpha | Seeking Alpha | FirstCash Holdings, Inc. | Credit Services | Bull | cash generation, defensive business model, financial services, FirstCash, Geographic Diversification, Latin America expansion, pawn lending, recurring customers, shareholder returns, U.K. acquisition | 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 |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||