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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2023 Q3 | Aug 2, 2023 | TPG Angelo Gordon | - | - | AMGN, ATVI, FHN, HZNP, MRK, MSFT, TD | CMBS, Commercial Property, credit, Default Rates, interest rates, Leveraged Loans, private credit, real estate | Rising interest rates are creating meaningful stress across credit markets, with leveraged loan default rates rising to 2.8% in the US and expectations for further increases. Middle market direct lending terms favor lenders with record yields of 12.6% in the lower middle market. | View | |
| 2024 Q1 | May 9, 2024 | Greenlight Capital | 1.1% | 9.0% | BHF, CEIX, FHN, GRBK, HPQ, IMVT, KD, LBTYA, NYCB, PENN, ROIV, SOLB.BR, TECK, THC, VTSC.DE | AI, Copper, Long/Short, Macro, market structure, Passive investing, undervaluation, value | Greenlight established a position in HP Inc. to benefit from a potential AI-driven PC adoption cycle. Intel plans to release neural processing units this summer, and Microsoft is teasing AI features requiring NPUs. The firm believes AI optimism is not reflected in HPQ's share price. | LBTYA ROIV HPQ PENN SOLB.BR |
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| 2025 Q1 | Apr 7, 2025 | Moon Capital Management | - | - | AAPL, AMZN, CI, CVS, FHN, GOOGL, GS, KKR, META, MSFT, NTB, NVDA, SYF, TSLA | Corrections, financials, healthcare, Trade Policy, value, volatility | Manager provides detailed analysis of Trump tariffs, estimating $3,500 annual cost increase per household based on Goldman Sachs analysis. Discusses uncertainty around timing and scope creating business caution, with potential for retaliation and supply chain disruptions. | View | |
| 2024 Q4 | Dec 31, 2024 | BNY Mellon Global Equity Income Fund | -5.4% | 6.4% | 1299.HK, AAPL, AMZN, AVGO, CME, CSCO, DPW.DE, EXC, FHN, GILD, GOOGL, IP, JCI, MDT, NVDA, PEP, SBUX, SNY, SYY, TSLA | dividends, financials, global, income, rates, technology, value | The fund maintains strict yield discipline and cannot hold mega-cap technology stocks due to their low yields. Income stock valuations remain compelling, with stocks offering above-average income rates trading at substantial discounts to low-income stocks. The strategy has zero weightings in the magnificent seven technology stocks and instead focuses on dividend-paying sectors. | View | |
| 2023 Q4 | Dec 29, 2023 | Clark Street Value | - | 38.5% | ACI, AVRO, BANC, CKX, CYT, ELYM, ESPR, FHN, FIXX, GRPH, HMST, KNTE, MBI, MRC, MREO, PIRS, RPHM, SAVE, SIOX, THRX | Biotechnology, M&A, real estate, Regional Banks, small caps, special situations, value | Manager holds a substantial broken biotech basket focused on companies undergoing strategic alternatives including reverse mergers, liquidations, and takeover offers. Multiple biotech positions are trading below net cash with potential value from IP assets and CVRs. | View | |
| 2025 Q3 | Oct 20, 2025 | Marram Investment Management | - | 3.0% | FHN, FOUR, PYPL, RF | biopharma, Energy Infrastructure, financials, MLPs, payments, Regional Banks, technology | MLPs remain a cornerstone allocation at 26% NAV, down from peak of 42% in late-2021 due to harvested gains and M&A activity. Investments made in early 2020 during commodity volatility have benefited from geopolitical strife, inflation, and renewed recognition of fossil fuel limitations driving revaluation. | FOUR PYPL FOUR PYPL |
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| 2023 Q2 | Jul 27, 2023 | Broyhill Asset Management | 6.0% | 0.0% | 0R1E LN, FHN, PYPL, SCHW, TD | - | View | ||
| 2023 Q2 | Jul 19, 2023 | Moon Capital Management | 0.0% | 23.0% | CNQ, FAF, FHN, MLNK | - | View | ||
| 2023 Q2 | Jul 15, 2023 | Tidefall Capital Management | 2.4% | 6.9% | FHN | Banking, Hedging, real estate, Regional Banks, small cap, value | Manager took a position in First Horizon Bank below tangible book value at 6x trailing earnings after TD Bank walked away from acquisition. Views regional banking crisis as creating attractive opportunities in well-capitalized banks with strong fundamentals. | FHN |
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| 2023 Q4 | Jan 2, 2024 | Diamond Hill Small-Mid Cap Strategy | 8.4% | 9.2% | BRBR, CIVI, CTRA, CUBE, ERII, FBIN, FHN, FIBK, GDDY, HBI, LOB, NSP, NVST, RRR, SXT, WBS, WCC, WNS | energy, financials, mid cap, real estate, Regional Banks, small cap, technology, value | Regional banks performed well in Q4 as investors interpreted Fed signals as indicating an end to rate hikes and potential pivot to cuts in 2024. The fund initiated a position in First Horizon Corporation, capitalizing on the failed merger with Toronto Dominion, and holds Live Oak Bancshares and Webster Financial which both contributed positively to performance. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Tidefall Capital Management | First Horizon Corporation | Financials | Regional Banks | Bull | NYSE | commercial real estate, contrarian, Deposit Insurance, Failed Merger, insider buying, interest rate risk, regional bank, Southeast US, tangible book value, Value | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Quality Contrarian Value | First Horizon Corporation | Financials | Banks - Regional | Neutral | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Daniel Jones | First Horizon Corporation | Financials | Banks - Regional | Neutral | 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 |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||