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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2026 Q1 | Apr 21, 2026 | abrdn International Small Cap Fund | -5.4% | -5.4% | 2360.TW, 3374.TW, AVON.L, CURY3.SA, EVD.DE, FLRY3.SA, GTT.PA, IMD.AX, JUN3.DE, PAN.JO, RILBA.CO, VNT.AX | defense, Defensive, healthcare, infrastructure, international, Mining, small caps | View | ||
| 2025 Q4 | Jan 20, 2026 | Palm Harbour Capital | 4.9% | 16.0% | 001910.KS, 047440.KS, 086280.KS, 6345.T, ASLI.L, ATYM.L, BSRT, BWO.OL, CIR.MI, CNVRG.PS, DAN.MI, DITO.PS, FLRY3.SA, GLO.PS, KRI.AT, LOMA.BA, MDIA3.SA, PTEC.L, SGF.MI, TEL.PS, TRE.OL, VIV.PA, WOSG.L, WWI.OL | Argentina, Broadband, Cash Generation, Copper, global, Governance, Steel, value | Fund focuses on cash-generative businesses trading at sensible valuations with weighted average P/E of 8.1x and FCF/EV yield of 15%. Manager emphasizes being index-agnostic and disciplined in approach amid market conditions reflecting elevated greed and extreme short-termism. Atalaya Mining contributed 84 bps as copper producer benefited from sustained production growth and favorable pricing environment with reportedly the largest annual copper price increase in over a decade. Company showed operational leverage with lower unit costs and stronger cash flows. Loma Negra was top contributor at 122 bps following President Milei's landslide electoral victory and $40 billion US financial support package. Manager maintains positive view on Argentina's leading cement producer with significant upside potential as economic normalization takes hold. Detailed analysis of Converge ICT, Philippines fiber-optic broadband company with extensive network coverage. Company positioned to benefit from low broadband penetration and regulatory changes while transitioning from capex-heavy expansion to cash generation phase. Danieli contributed 63 bps as Italian steel plant maker exceeded expectations with strong Plant Making division performance and major contract wins including €500 million order from Steel Authority of India. Company benefits from potential recovery in Steel Making division. | BRSL VIV FP 284740 KS KRI GA 6345 JP RHIM LN DAN IM 012030 KS ATYM LN LOMA |
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| 2021 Q1 | - | FCL Capital | 14.1% | 14.1% | 2020 HK, BHP, BRFS, CPRI, ENT.L, FLRY3.SA, MONC.MI, RIO, SUZB3.SA, VALE, VIPS, YDUQ3.SA, YY | China, commodities, emerging markets, growth, Iron Ore, Mining, value | View | ||
| 2021 Q3 | - | FCL Capital | - | -2.9% | AAPL, CPRI, DKNG, ENTG.L, FLRY3.SA, GDDY, MGM, MTCH, VALE, YDUQ3.SA | China, crypto, emerging markets, Gambling, global, technology, value | View | ||
| 2021 Q4 | - | FCL Capital | - | -4.4% | BRFS3.SA, CPRI, ENT.L, FLRY3.SA, GDDY, HFG.DE, SUZB3.SA, VIPS, YDUQ3.SA, YY | Brazil, contrarian, E-Commerce, emerging markets, Food, HelloFresh, technology, valuation | HFG.DE |
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| 2022 Q1 | - | FCL Capital | -4.7% | -4.7% | CARL-B.CO, CPRI, ENT.L, FLRY3.SA, GDDY, MTCH, YDUQ3.SA | Brazil, China, diversification, emerging markets, Europe, global, growth, Valuations | View | ||
| 2022 Q2 | - | FCL Capital | -29.9% | -29.9% | AMBP3.SA, CPRI, ENT.L, FLRY3.SA, GDDY, HYPE3.SA, META, VIPS, YDUQ3.SA | Bear Market, Brazil, China, diversification, Luxury, small caps, Tech Correction, value | HYPE3.SA AMBP3.SA FLRY3.SA YDUQ3.SA |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jun 15, 2026 | Fund Letters | FCL Capital | Fleury | Diagnostics & Research | Health Care Services | Bull | Brasil Bolsa Balcão | Brazil, diagnostics, healthcare, Healthcare consolidation, laboratory services, premium market, Preventive Medicine, Regulatory advantage | 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. | ||||||||