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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 15, 2025 | Smoak Capital Management | - | 10.6% | FILA IM, IGR LN | Buybacks, Capital Allocation, international, Japan, valuation gaps | The letter emphasizes a growing opportunity set outside the U.S., driven by valuation gaps, currency movements, and improving capital allocation abroad. Management highlights Japan in particular, citing accelerating buybacks, dividends, and M&A as evidence of structural reform unlocking shareholder value. Volatility from U.S. trade policy is framed as a catalyst pushing capital toward underappreciated non-U.S. markets. | IGR LN |
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| 2025 Q2 | Jul 9, 2025 | Alphyn Capital Management | 12.4% | 8.0% | AMZN, BN, CCOI, FFH CN, FILA IM, KFS, KKR, KMX, OCSL | Discipline, free cash flow, moats, Quality, valuation | The commentary focuses on high-quality businesses with durable competitive advantages and strong free cash flow generation. The manager stresses disciplined valuation, long-term ownership, and avoidance of leverage-driven or speculative models. Market volatility is framed as an opportunity to add quality at attractive prices. | OCSL KMX CCOI AMZN KFS KKR BN FFH |
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| 2025 Q2 | Jul 11, 2025 | HalvioCapital | 6.7% | - | 6249 JP, 7952 JP, 8291 JP, CPH CN, FILA IM, NLOP | asset value, Buybacks, Corporate Reform, Japan Equities, volatility | The letter emphasizes volatility as a source of opportunity rather than risk, particularly in underfollowed international and Japanese equities. Management highlights deeply discounted, asset-rich companies benefiting from corporate reform, buybacks, and activist pressure. Patient capital and valuation discipline are central as excess cash and real assets provide downside protection. | NLOP CPH CN 6249 JP 7952 JP 8291 JP |
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| 2024 Q4 | Feb 10, 2025 | Smoak Capital Management | - | 32.4% | AZEUS SP, FILA IM, FTLF, QEPC | - | View | ||
| 2025 Q3 | Oct 6, 2025 | HalvioCapital | 12.6% | 19.3% | CPH CN, FILA IM, MCCK, NLOP | Buybacks, Japan, Pharmaceuticals, REITs, small caps | The letter emphasizes disciplined value investing in overlooked small-cap and micro-cap equities, particularly where liquidity constraints deter larger funds. It highlights opportunities driven by balance sheet strength, asset backing, shareholder returns, and corporate actions such as buybacks, dividends, spin-offs, and wind-downs. Value is framed as resilient even in frothy markets, as downside protection and cash flow ultimately anchor long-term returns. | 8841 JP 9478 JP MCCK US NLOP US CPH CN |
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| 2025 Q3 | Oct 2, 2025 | Middle Coast Investing | - | - | AL, AVGO, BHF, CPAY, ECG, FILA IM, GOGO, GOOG, HI, LULU, LYFT, PGR, TFSL, TRIP | AI, Alphabet, Automation, Broadcom, M&A | The letter focuses on opportunistic value investing driven by company-specific fundamentals rather than macro forecasts. Mispricing created by fear, forced selling, or neglect is seen as the primary source of return. Patience and independent thinking are central to the process. | AL US TFSL US BHF US HI US GOGO US CORP US |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| 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. | ||||||||