FG

FG

FG

Market Cap: $3.86B

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 9, 2025	Middle Coast Investing	-	-	AAPL, ABM, AER, AMZN, ATRO, AVGO, BOOM, COF, DECK, ECG, FCNCA, FG, HSY, LEVI, LULU, LYFT, OMAB, PGR, SCHW, SCS, SJM, TRIP, VMEO, WS	Apparel, financials, inflation, small caps, tariffs, technology, value	The Trump administration has backed off its most extreme tariff positions but tariffs remain higher than before April 2nd. The administration has expressed admiration for current tariff levels of 30% for China, varied tariffs for NAFTA partners, and at least 10% for the rest of the world. One trade deal has been reached with Vietnam entailing 20% tariffs on Vietnamese goods and 40% on third-party goods shipped through Vietnam.	DECK LYFT TRIP ABM DECK LYFT	View
2024 Q2	Jul 8, 2024	Middle Coast Investing	0.0%	0.0%	AAPL, ACLS, AER, AMZN, ARLO, ATKR, ATRO, AVGO, BKNG, DFS, FCNCA, FG, GOGO, LULU, NVDA, OMAB, PGR, SJM, TSM, VOW3.DE	Discipline, Portfolio Management, small caps, stock selection, value	Manager emphasizes buying quality companies at reasonable prices, gravitating toward cheaper, lower earnings-multiple stocks where price doesn't reflect potential value. Focus on finding stocks that will be worth more in 2-3 years than current market price suggests.	GOGO SJM ATRO LULU	View
2024 Q1	Apr 2, 2024	Middle Coast Investing	-	-	AAPL, ACLS, ADM, AER, AMZN, ARLO, ATKR, AVGO, BKNG, DBX, DFS, EB, FCNCA, FG, OMAB, PGR, SNX, SPOT, VMEO, WS	Cyclical, financials, industrials, Portfolio Management, Selling, small caps, technology, value	Archers-Daniels-Midland is one of the biggest grain traders in the world, part of the ABCD group that controls 90% of global grain trade. The company is cyclical and peaked in 2022 as the Russia invasion of Ukraine caused grain prices to go up, now closer to the bottom of a cycle. Buying a company with a strong balance sheet at less than 10x bottom earnings usually works out well.	VMEO SNX ADM	View
2024 Q3	Oct 4, 2024	Middle Coast Investing	0.0%	0.0%	AAPL, ABM, ACLS, AER, AMZN, APOG, ATKR, AVGO, BKNG, BOOM, DFS, EB, FCNCA, FG, GOGO, LULU, OMAB, PGR, SCHW, VMEO	financials, industrials, insurance, small caps, technology, Transitions, value	Axcelis, a semiconductor equipment maker, is caught between slowing electric vehicle demand and delayed memory chip recovery. The company has gained market share and maintains a strong balance sheet despite current headwinds. Micron's recent earnings suggest memory recovery may be approaching.	BOOM ABM APOG ATKR	View
2025 Q4	Jan 9, 2026	Middle Coast Investing	2.7%	16.9%	AAPL, ABM, AER, AMZN, APOG, ATKR, ATRO, AVGO, BHF, CCK, COF, CPAY, ECG, FG, GOGO, GOOG, HI, HNI, HURC, LULU, LYFT, MLKN, OMAB, PAGS, PGR, PTLO, SCHW, TRIP, WS	Bottom-up, Cash, Defensive, Office Furniture, risk management, value	Manager emphasizes bottom-up investing approach, looking for companies that will do better in years ahead when stocks are priced attractively. Seeks good companies at fair prices to protect against market struggles while avoiding missing big years. Primary goal is to avoid blowing up and survive through bad times. Uses rules like not buying whole positions at once, demanding 50% upside, watching leverage, and knowing when to double down. Maintains defensive portfolio positioning. Decade-long investment theme in office furniture companies including Kimball International, Steelcase, and HNI Corporation. Believes return to office theme hasn't played out but might be soon, with order growth showing improvement across major players.		View
2024 Q4	Jan 8, 2025	Middle Coast Investing	-	-	AAPL, ACLS, ADM, AER, AMZN, ATKR, ATRO, AVGO, BKNG, DFS, EB, FCNCA, FG, LULU, OMAB, PGR, PTLO, SCS, TRIP, TSM	Portfolio Management, Restaurants, small caps, technology, Travel, value	Travel is the manager's favorite sector to study and has paid off over the years. TripAdvisor's Viator business finally passed legacy TripAdvisor in revenue in Q3 2024, with the race between Viator's growth and legacy decline now seeming winnable. The manager views travel as offering continued opportunities.	TRIP PTLO	View
2023 Q4	Jan 3, 2024	Middle Coast Investing	-	-	AAPL, ACLS, ARLO, ATKR, AVGO, BKNG, DBX, DFS, EB, FCNCA, FG, KBAL, OMAB, PGR, SCHW, SCS, SPOT, TSM, VMW, WOR, WS	Banking, industrials, semiconductors, small cap, technology, value	AI investment excitement boosted semiconductor holdings including Axcelis Technologies, VMWare, Broadcom, and Taiwan Semiconductor. Broadcom benefits from AI investments as a leading semiconductor company, though its stock is expensive. The AI rally in May/June was one of the violent market rallies that engenders caution.	ACLS DFS OMAB EWORK.ST FCNCA ANEB	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	Middle Coast Investing	F&G Annuities & Life	Insurance - Life	Life & Health Insurance	Bull	New York Stock Exchange	alternative investments, Annuities, Book Value, interest rate sensitivity, life insurance, Private Credit, Share Buybacks	View Pitch
Mar 21, 2026	Seeking Alpha	Seeking Alpha	F&G Annuities & Life, Inc.	Financial Services	Insurance - Life	Bull	New York Stock Exchange	AI disruption, Blackstone management, dividend yield, F&G Annuities & Life, indexed annuities, investment portfolio, private credit exposure, Share Repurchase Program, software sector, value opportunity	View Pitch

BSD Shareholders of FG

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
Glenn Greenberg	Brave Warrior Advisors	$4.3B	$165.9M	3.89%	5,377,029	+158,052	+3.03%	4.2940%
Steven A. Cohen	Point72 Asset Management	$86.8B	$2.2M	0.00%	72,897	+28,718	+65.00%	0.0582%
Dmitry Balyasny	Balyasny Asset Management	$76.6B	$2.2M	0.00%	70,000	+70,000	+100.00%	0.0559%
Israel Englander	Millennium Management LLC	$233.2B	$11.9M	0.01%	385,028	+214,118	+125.28%	0.3075%
David Siegel & John Overdeck	Two Sigma Investments	$67.5B	$4.4M	0.01%	142,484	+23,989	+20.24%	0.1138%
Cliff Asness	AQR Capital Management	$190.6B	$14.4M	0.01%	465,295	+379,970	+445.32%	0.3716%
Matthew Fine	Third Avenue Value Fund	$550.2M	$380,047	0.07%	12,319	+12,319	+100.00%	0.0098%
Richard Kayne & John Anderson	Kayne Anderson Rudnick Investment Management	$37.3B	$2,547	0.00%	82	-6	-6.82%	0.0001%

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