FLEX Archives

FLEX

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q3	Sep 30, 2025	City Different Investments – Multi-Cap Core	6.3%	15.0%	AMG, CHTR, DOCN, FLEX, GOOGL, KMX, LOPE, NFLX, NOMD, TGT, TMO	long-term, multi-cap, Research, stock selection, value	The manager employs a disciplined value-oriented approach, comparing investing to thrift shopping where they search for undervalued opportunities. The process involves extensive research to find businesses trading below intrinsic value, with most ideas failing to survive deep analysis.		View
2024 Q3	Sep 30, 2024	Tarkio Fund	-	-	AMG, CHTR, DOCN, FLEX, GOOGL, KMX, LOPE, NFLX, NOMD, TGT, TMO	growth, multi-cap, Quality, small caps, value			View
2025 Q2	Aug 25, 2025	Lyrical Asset Management	12.7%	11.9%	AAPL, AIZ, AMZN, CNC, CPAY, EXPE, FLEX, GOOGL, GPN, HCA, JCI, META, MSFT, NRG, NVDA, SU, TSLA, UBER, URI, WEX	growth, international, Outperformance, stock selection, valuation, value	Lyrical maintains an uncommon combination of deep value and growth, with S&P 500 forward P/E 73% higher than Lyrical's CS composite despite higher growth profile. The firm attributes outperformance to idiosyncratic stock selection in a difficult environment where only 29% of S&P 500 constituents outperformed.		View
2026 Q2	Aug 10, 2026	Harbor Mid Cap Value Fund	13.9%	19.2%	ARW, CMI, FBHS, FLEX, GLW, GTX, HPE, KR, MTDR, REGN, SNX, STT, WDC	AI Infrastructure, financials, Homebuilders, mid cap, quantitative, semiconductors, stock selection, value			View
2026 Q2	Aug 10, 2026	City Different Investments – Multi-Cap Core	16.9%	14.4%	AMG, FLEX, GLNG, HLNE, LOPE, NFLX, VAL	Asset Managers, Concentration, multi-cap, Portfolio Management, technology, value		HLNE	View
2026 Q2	Jul 31, 2026	Third Point Partners	7.7%	-	000660 KS, ACA, CRH, FLEX, GOOGL, SQ, TDS	AI, credit, Data centers, Fintech, infrastructure, Leverage, semiconductors, volatility			View
2025 Q2	Jul 24, 2025	The Sound Shore Fund	3.1%	-	AES, DIS, FLEX, HOLX, TEVA	AI, earnings, energy, healthcare, long-term, Media, technology, value	The appetite for semiconductor chips is being fueled by excitement around artificial intelligence technology potential. The world needs more data centers and electricity to power AI infrastructure, creating opportunities for suppliers like FLEX.	DIS AES FLEX HOLX TEVA DIS AES FLEX HOLX TEVA	View
2025 Q2	Jul 22, 2025	Artisan Partners Small Cap Fund	7.3%	-3.6%	BIRK, BWXT, CWAN, FLEX, FRSH, HALO, IOVA, IRTC, LSCC, MDGL, MTSI, SAIA, STVN, TTAN, WING	cash flow, fundamentals, Quality, small caps, Valuation discipline	The letter highlights a challenging environment where speculative stocks outperformed quality businesses. Management remains committed to owning high-quality small-cap companies with strong cash flows and attractive valuations. The outlook favors long-term compounding as fundamentals reassert leadership.	GWRE STVN SVTA BIRK MDGL WING BWXT CWAN IRTC MTSI FLEX	View
2025 Q2	Jul 22, 2025	Harbor Mid Cap Value Fund	4.9%	2.1%	ADT, BK, CNHI, FLEX, FOXA, HIG, HPQ, JAZZ, JBL, KR, MCK, NRG, ORI, PHM, SNX, STT, SYF, TAP, TXT, WDC	earnings, energy, financials, mid cap, technology, value	Value stocks were left behind in the market rally and continue to trade at significant discounts to their growth counterparts, enhancing the potential for outperformance if valuations between growth and value stocks revert to a more normal, historical average. The Fund trades at just over 10x forward earnings and 7x cash flow, which are significant discounts to the core and value benchmark.	MCK ADT	View
2026 Q2	Jul 20, 2026	Brown Advisors Mid-Cap Growth strategy	17.5%	6.9%	BFAM, CASY, CSGP, DDOG, ENTG, FLEX, GWRE, HUBS, MPWR, MRVL, MSA, NOVT, ROST, TOST, TTWO	AI Infrastructure, growth, healthcare, mid cap, Portfolio turnover, software, technology, valuation		VIK USFD SNOW HOOD FLEX	View
2026 Q2	Jul 17, 2026	Artisan Partners Small Cap Fund	26.0%	22.6%	ASND, COLL, FLEX, GH, GWRE, IBP, LSCC, MOD, MTSI, MUSA, RYTM, SITM, TWST, VIRT, WAY	AI, Biotechnology, Data centers, growth, Profit Cycle, semiconductors, small caps, software			View
2026 Q2	Jul 15, 2026	Heartland Mid Cap Value Fund	9.9%	14.4%	BK, CNC, CSX, DAL, FLEX, GLW, HOOD, HPE, HUM, IFF, MKTX, ON, TER, URI, WDC	AI, deep value, mid cap, self-help, semiconductors, technology, valuation, value		IFF MKTX ON	View
2026 Q1	May 8, 2026	City Different Investments – Multi-Cap Core	-2.2%	-2.2%	FLEX, GILD, GLNG, GOOGL, META, MSFT, NOMD, TMO, VAL	energy, fundamentals, long-term, multi-cap, value			View
2026 Q1	Apr 21, 2026	Harbor Mid Cap Value Fund	4.6%	4.6%	ANGI, APA, CF, CMC, DINO, EXPE, FLEX, FOXA, HAL, JBL, MTDR, SFD, UPWK, WDC	AI, energy, mid cap, quantitative, Rotation, small caps, value			View
2026 Q1	Apr 18, 2026	Artisan Partners Small Cap Fund	-2.7%	-2.7%	BWIN, COMP, FLEX, FLS, FRPT, FTAI, GWRE, IRTC, MOD, MTSI, OLLI, ONTO, PEN, TTAN, TWST	AI, defense, energy, Geopolitical, growth, semiconductors, small cap, technology			View
2023 Q1	Apr 17, 2023	Pittenger & Anderson	-	-	AMG, CHTR, DOCN, FLEX, GOOGL, KMX, LOPE, NFLX, NOMD, TGT, TMO	long-term, multi-cap, Research, stock selection, value	The manager describes a disciplined value-oriented approach, comparing investing to thrift shopping where you search for undervalued opportunities. The process involves extensive research to find companies trading below intrinsic value, with most ideas not surviving deep analysis.		View
2026 Q1	Apr 16, 2026	Lyrical Asset Management	-6.7%	-6.7%	ARW, EBAY, EXPE, FFIV, FIS, FLEX, GEN, ICLR, JCI, NRG, SSNC, UBER, WCC	earnings, financials, healthcare, industrials, technology, value			View
2025 Q1	Apr 16, 2025	Horizon Investment	-	-	AMG, CHTR, DOCN, FLEX, GOOGL, KMX, LOPE, NFLX, NOMD, TGT, TMO	mid cap, multi-cap, Quality, small caps, value			View
2025 Q1	Apr 1, 2025	Lyrical Asset Management	1.7%	1.7%	6723.T, AHT.L, AMP, BERY, ELIS.PA, ENXTPA.PA, FLEX, JCI, LAD, LEA, RXL.PA, SU	global, international, Quality, Recession, tariffs, value	International stocks have been massive underperformers over the past decade due to valuation expansion in US markets, not fundamentals. The EAFE is trading at less than 14x earnings while the S&P 500 trades 25% above its long-term average multiple. The S&P 500 is about 45% more expensive than EAFE despite equally attractive fundamentals.		View
2025 Q4	Feb 3, 2026	The Sound Shore Fund	7.8%	18.2%	C, COF, FLEX, GM, HII, LUV, MSFT, PVH, PYPL, REGN, TEVA, TMO, TXN, WBD	defense, earnings, healthcare, Manufacturing, Transformation, undervalued, value	Sound Shore specializes in identifying undervalued companies undergoing transformations, focusing on stocks trading at attractive valuations relative to earnings power. The portfolio trades at 13.5 times forward earnings versus S&P 500 at 22 times, providing meaningful discount despite strong balance sheets and free cash flow. Healthcare was the best performing sector in Q4 after lagging earlier in 2025. Portfolio holdings Regeneron and TEVA provided positive pipeline updates and were among largest contributors as regulatory clarity emerged around previously uncertain policies. Huntington Ingalls Industries, the largest US Naval shipbuilder, was a standout 2025 performer after working through post-COVID supply chain issues. The company benefits from US Navy's commitment to rapidly expand the fleet and prospects for further margin gains. FLEX evolved from low-value electronics assembly to high-value specialized manufacturing for medical, industrial, and automotive industries. Under CEO Revathi Advaithi, the company achieved operational discipline and double-digit earnings growth with expanding margins, benefiting from accelerating data center end-markets.		View
2024 Q4	Dec 31, 2024	The Sound Shore Fund	1.3%	22.6%	BA, BKR, FLEX, ORCL, TEVA, VST	AI, energy, Pharmaceuticals, technology, Transformation, Utilities, value	Sound Shore specializes in identifying overlooked companies undergoing transformations, targeting businesses with strong fundamentals trading at attractive valuations relative to growth potential. The portfolio trades at 11.5x forward P/E versus 21.5x for S&P 500, despite strong balance sheets and free cash flow.	BA TEVA FLEX	View
2023 Q3	Oct 25, 2023	GDS Investments	-	-	AMG, CHTR, DOCN, FLEX, GOOGL, KMX, LOPE, NFLX, NOMD, TGT, TMO	financials, healthcare, multi-cap, Quality, small caps, value			View
2025 Q3	Oct 14, 2025	Lyrical Asset Management	3.4%	15.7%	AAPL, AMP, CI, CNC, CPAY, EBAY, EXPE, FIS, FLEX, GOOGL, GPN, HCA, JCI, LKQ, MSFT, NRG, NVDA, TSLA, UBER, URI	earnings, growth, Outperformance, Performance, value	The portfolio maintains an uncommon combination of deep value and growth characteristics. The value spread between the portfolio and S&P 500 is historically wide at 80%, with portfolio trading at 12.2x-12.6x P/E versus S&P 500 at 22.7x. Despite value characteristics, portfolio EPS growth exceeds 10% annually, significantly outpacing S&P 500 growth of 6.4%.		View
2024 Q4	Jan 9, 2025	Torre Financial	2.4%	19.3%	AAPL, AMP, AMZN, CI, CNC, CPAY, EBAY, EXPE, FIS, FLEX, GOOGL, HCA, JCI, META, MSFT, NRG, NVDA, TSLA, UBER, URI	earnings, growth, international, Performance, portfolio, value	Portfolio trades at significant discount to S&P 500 with value spread at historically wide 80%. Manager emphasizes uncommon combination of deep value and growth characteristics.		View
2025 Q4	Jan 21, 2026	Artisan Partners Small Cap Fund	3.4%	8.6%	BRKR, CLBT, COCO, FLEX, GH, GWRE, HXL, INSM, IRTC, ITGR, LASR, LSCC, MOD, MTSI, PCOR, PEN, PSN, SN, STVN, VSEC	AI, Biotechnology, defense, growth, healthcare, profit cycles, small cap, technology	AI-related capital spending remains an area of active debate entering 2026. Investors continue to weigh strong industry momentum against concerns about circular financing dynamics and data center construction delays. The team finds compelling opportunities among companies positioned to benefit from AI investment strength and gain share of customers' AI spending based on superior technology. Aerospace and defense holdings appear well positioned for multiyear growth. The team believes commercial aerospace suppliers are positioned to benefit for many years from significant content gains in new aircraft and growth in recurring aftermarket sales. Defense-related investments include companies with strong franchises in non-kinetic laser weapons and critical technologies. Healthcare returned as a source of market strength during the quarter. The team maintains relatively high exposure to the sector despite several years of industry headwinds, grounded in conviction in profit cycle opportunities for biotechnology companies. Many biotechnology franchises are early in what the team believes are some of the most compelling product launch cycles of their careers. The team continues to find compelling opportunities among semiconductor companies positioned to benefit from AI investment strength and gain share of customers' AI spending based on superior technology that improves data center performance and efficiency. These investments are managed with valuation discipline consistent with the team's process.	GWRE PSN STVN COCO INSM MTSI	View
2025 Q4	Jan 15, 2026	Lyrical Asset Management	2.0%	17.9%	AAPL, AER, AMG, AMZN, EBAY, EXPE, FFIV, FLEX, GOOGL, HCA, JCI, META, MSFT, NRG, NTAP, NVDA, SNX, TSLA, UBER, URI	EPS Growth, growth, international, Performance, valuation, value	Lyrical emphasizes their uncommon combination of value and growth, with their portfolio trading at a 78% discount to the S&P 500 while generating 10.6% EPS growth versus 6.6% for the S&P 500. The value spread between their portfolio and the S&P 500 is historically wide. The firm highlights strong performance in travel-related holdings including Expedia Group and AerCap Holdings. Air transportation industry cash flows show recovery with air lessors outperforming airlines and aircraft manufacturers from 2020-2025.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Sep 9, 2026	Substack	Toff Cap Monday Monitor	Flex Ltd.	Technology	Electronic Manufacturing Services	Bull	NASDAQ Stock Market	AI-focused business, Cloud and Power Infrastructure, EPC Power acquisition, EV/Sales multiple, Flex Ltd., growth potential, Nextpower, shareholder value, spin-off, Vertiv	View Pitch
Sep 8, 2026	Seeking Alpha	Seeking Alpha	Flex Ltd.	Information Technology	Electronic Manufacturing Services	Bull	Nasdaq Stock Market	automotive, consumer electronics, digital health, Electronic Manufacturing, global footprint, healthcare, innovation, operational efficiency, smart manufacturing, Sustainability	View Pitch
Sep 4, 2026	Seeking Alpha	Seeking Alpha	Flex Ltd.	Information Technology	Electronics Manufacturing Services	Bull	NASDAQ Stock Market	Advanced Manufacturing, AI infrastructure, Cloud computing, earnings growth, Electronics Manufacturing, Flex Ltd., profit margins, Stock performance, strategic investments, technology sector	View Pitch
Jul 29, 2026	Substack	Toff Cap Monday Monitor	Flex Ltd.	Technology	Electronic Manufacturing Services	Bull	NASDAQ Stock Market	AI, cloud infrastructure, Electronic Manufacturing Services, Flex, growth, manufacturing, Nextpower, Revenue, spin-off, technology	View Pitch
Jul 22, 2026	Fund Letters	Brown Advisors Mid-Cap Growth strategy	Flex Ltd	Electronic Components	Electronic Equipment, Instruments & Components	Bull	NASDAQ	AI data center, cloud infrastructure, Electronics Manufacturing, growth, spin-off, Supply Chain Services, value unlock	View Pitch
Jul 20, 2026	Substack	Toff Cap Monday Monitor	Flex Ltd.	Technology	Electronic Manufacturing Services	Bull	NASDAQ Stock Market	AI growth, cloud infrastructure, Electronic Manufacturing, Flex Ltd., NASDAQ, Nextpower, shareholder value, spin-off	View Pitch
May 13, 2026	Substack	Toff Cap Monday Monitor	Flex Ltd.	Technology	Electronic Manufacturing Services	Bull	NASDAQ Stock Market	AI-focused business, cloud infrastructure, growth potential, Nextpower, spin-off	View Pitch
Apr 13, 2026	Fund Letters	The Sound Shore Fund	Flex Ltd.	Information Technology	Electronic Manufacturing Services	Bull	NASDAQ	Artificial Intelligence, data centers, Electronic Manufacturing, infrastructure, Outsource Manufacturing, technology	View Pitch
Apr 13, 2026	Fund Letters	The Sound Shore Fund	Flex Ltd.	Information Technology	Electronic Manufacturing Services	Bull	NASDAQ	automotive, contract manufacturing, Electronics Manufacturing Services, Industrial, margin expansion, Medical devices, Operational Turnaround, transformation, Value	View Pitch
Jan 8, 2026	Fund Letters	Harry Burn	Flex Ltd.	Information Technology	Electronic Equipment, Instruments & Components	Bull	NASDAQ	AI infrastructure, data centers, manufacturing, Outsourcing	View Pitch
Dec 3, 2025	Fund Letters	Craigh Cepukenas	Flex Ltd.	Information Technology	Electronic Manufacturing Services	Bull	NASDAQ	Demand, diversification, manufacturing, Margin_expansion, Reshoring	View Pitch
Aug 8, 2025	Seeking Alpha	A. Vandendael	Flex Ltd.	Information Technology	Electronic Components	Bull	NASDAQ	—	View Pitch

BSD Shareholders of FLEX

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.

FLEX

FLEX

Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of FLEX

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