Agriculture, global, infrastructure, Long Term, Luxury, Physical Assets, small cap
The manager believes agricultural productivity will continue increasing globally, with most value accruing to owners of productive land and processing assets. Between 1948 and 2017, American farm output nearly tripled despite using less land and labor. Higher-yielding acreage will command higher rents while processing facilities benefit from greater throughput.
Commodities are as undervalued relative to stocks as they have ever been, marking the fourth episode of extreme undervaluation in 125 years. The authors believe the time to buy natural resource equities has arrived as the long-dormant bull market may be stirring again. History shows every commodity bear cycle has ended with a monetary regime shock.
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.
