FCN

FCN

FCN

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 27, 2025	Diamond Hill Small-Mid Cap Strategy	5.4%	1.0%	ALK, ASH, CCS, CIVI, COOP, FCN, GNRC, GTES, ICLR, KNF, MTN, NSP, POST, RRR, RRX, TKO.TO, WCC	energy, mid cap, small cap, tariffs, technology, Trade Policy, value	President Trump's Liberation Day tariffs announcement caused market volatility in April, followed by new trade deals with UK and China. US-China agreed to cut tariffs for 90 days in May, though progress has stalled since then.	FCN WCC RRR	View
2025 Q2	Jul 15, 2025	Upslope Capital Management	8.9%	3.4%	8697.T, CHG.L, CME, DPLM.L, DSFIR.AS, EVR, FCN, HOLN.SW, HSY, MKTX, QQ.L, SAND.ST, SMIN.L, SPX.L, TDY	defense, Europe, Exchanges, Hedging, Industrial, Long/Short, value, volatility	The fund holds defense contractors including Chemring and Teledyne Technologies, with Chemring being a top contributor during the quarter. The manager notes accelerating sector tailwinds and describes the cyclical boom in defense markets.	EVR FCN SMIN.L EVR FCN SMIN LN	View
2026 Q1	Apr 21, 2026	Upslope Capital Management	8.6%	8.6%	8697.T, CME, FCN, GOOGL, HOLN SW, INTC, JKHY, KESKOB.HE, LIFCO-B.ST, SAND.ST, SJ.TO, STE	defense, Europe, Long/Short, mid cap, Quality, value, volatility			View
2025 Q3	Oct 15, 2025	Upslope Capital Management	8.8%	12.5%	8697.T, BIO, CHG.L, CME, DPLM.L, EVR, FCN, GOOGL, HOLN.SW, HSY, IMXI, INTC, KDEF, MKTX, SAND.ST, SMIN.L, SRT.DE, STE, TDY, WST	AI, defense, healthcare, Long/Short, Quality, risk management, valuation	Elevated and rising geopolitical tensions globally and in Asia-Pacific should drive sustained defense investment for years. Korean defense industry maintains significant relative cost advantages versus US and European peers while being cheaper, faster and compatible with NATO standards.		View
2025 Q4	Jan 13, 2026	Upslope Capital Management	2.0%	14.8%	6954.T, 8697.T, BAH, BIO, CCK, CME, DPLM.L, FCN, GOOGL, HOLN.SW, HSIC, HSY, INTC, MKTX, SAND.ST, SMIN.L, STE, TDY	AI, Automation, defense, healthcare, industrials, Japan, Long/Short, mid cap	Manager exited European defense stocks for the first time since early 2022, citing full valuations and expectations that the Ukraine conflict may wind down. However, maintains exposure through Booz Allen Hamilton and Korea Defense ETF, noting long-term secular tailwinds from rising geopolitical risks and defense spending. AI is described as everywhere, particularly on buyside analyst desktops, contributing to faster market pace and gambling-like behavior. Manager sees AI moving into the physical world as a catalyst for industrial automation companies like Fanuc, which is positioned to benefit from AI's expansion beyond digital applications. Fanuc holds ~50% market share in CNCs and is a leading factory robotics player, positioned to benefit from AI moving into the physical world and rising trade barriers boosting global reshoring. The company serves general industrial, automotive, electronics, and aerospace end markets with global diversification. Portfolio includes Japan Exchange Group benefiting from ongoing Japanese equity market structure reforms and corporate governance improvements. Fanuc represents exposure to leading Japanese industrials with fortress balance sheets and global market leadership in automation.	HSIC 6954 JP CCK BAH	View
2023 Q2	Jul 17, 2023	Upslope Capital Management	14.8%	18.1%	8697.T, ATR, ATS.TO, BOKF, CACI, DPLM.L, EMG.L, FCN, FTT.TO, GLT, GRMN, KOG.OL, SLGN, TECN.SW, X.TO	defense, Exchanges, Japan, Long/Short, mid cap, Quality, technology	Manager sees attractive opportunities in exchange operators, exiting TMX Group to invest in Japan Exchange Group. Views exchanges as having monopolistic competitive positions with steady growth and high margins. Japan Exchange specifically positioned to benefit from Japanese equity market revival and corporate governance reforms.	8697.T GRMN ABX.TO FCN	View
2023 Q1	Apr 17, 2023	Upslope Capital Management	14.8%	18.1%	ATR, ATS.TO, BOKF, BOLSAA.MX, CACI, CHG.L, DPLM.L, EMG.L, FCN, FTT.TO, GLT, KOG.OL, SLGN, TECN.SW, X.TO	Defensive, international, Long/Short, SMID Cap, value, volatility	Manager holds positions in defense contractors including Chemring (exited), Kongsberg Gruppen, and CACI International. Expects these companies to benefit from geopolitical tailwinds and strong positioning in cyber defense.	FTT.TO CHG.L	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	Upslope Capital Management	FTI Consulting	Commercial & Professional Services	Professional Services	Bear	NYSE	Bear, Consulting, contrarian, Multiple compression, professional services, restructuring, valuation	View Pitch
Apr 20, 2026	Seeking Alpha	Seeking Alpha	FTI Consulting Inc.	Consulting	Business Advisory	Bull	New York Stock Exchange	Business Advisory, Economic Consulting, EPS growth, FTI Consulting, global presence, long-term investment, M&A activity, market volatility, Restructuring Demand, strategic positioning	View Pitch
Apr 13, 2026	Fund Letters	Upslope Capital Management	FTI Consulting	Industrials	Research & Consulting Services	Bull	NASDAQ	advisory services, contrarian, Counter-cyclical, defensive, Dispute Resolution, economic uncertainty, Employee Retention, restructuring	View Pitch
Jan 8, 2026	Fund Letters	George K. Livadas	FTI Consulting, Inc.	Industrials	Research & Consulting Services	Bull	New York Stock Exchange	Consulting, Counter-cyclical, Distressed, Macro Volatility, restructuring, turnaround	View Pitch
Dec 5, 2025	Fund Letters	Chris Welch	FTI Consulting, Inc.	Industrials	Research & Consulting Services	Bull	NYSE	Advisory, cashflow, diversification, growth, restructuring	View Pitch
Dec 5, 2025	Fund Letters	Chris Welch	FTI Consulting, Inc.	Industrials	Research & Consulting Services	Bull	NYSE	Advisory, cashflow, Disputes, diversification, restructuring	View Pitch
Aug 13, 2025	Seeking Alpha	Emmanuel Onwusah	FTI Consulting, Inc.	Industrials	Consulting Services	Neutral	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	Upslope Capital Management	FTI Consulting, Inc.	Industrials	Consulting Services	Bull	NYSE	—	View Pitch

BSD Shareholders of FCN

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.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: