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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q1 | Mar 31, 2025 | Pzena Global Small Cap Focused Value Strategy | -4.4% | -4.4% | 3401.T, 6481.T, ADNT, BIRG.L, CNO, CNXC, DAN, GCO, NVST | Cyclical, financials, global, small caps, tariffs, underperformance, value | Small cap stocks globally continued to underperform large-cap peers, widening the valuation gap between cohorts. The period remained particularly challenging for small caps, with US small caps declining markedly while non-US small caps were largely flat. Tariffs and economic impact drove weak sentiment particularly for small cap companies. | View | |
| 2025 Q3 | Oct 9, 2025 | Kingdom Capital Advisors | 20.8% | 7.9% | AIV, AKA, FGF, GCO, HRBR, MAGN, NLOP, UNFI, UNTC, VNTRF, WW | cybersecurity, Liquidations, real estate, small caps, special situations, tariffs, value | The fund focuses on overlooked companies trading at significant discounts to intrinsic value. Traditional holdings trade at about 10x estimated forward earnings versus 30x trailing twelve months earnings, with most trading below book value and less than 10x estimated cash flow. | AKA US MAGN US WW US GCO US AIV US UNFI 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 |
|---|---|---|---|---|---|---|---|---|
| Jonathan Lennon | Pleasant Lake Partners | $817.6M | $24.4M | 2.99% | 986,241 | +33,044 | +3.47% | 8.0160% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $670,648 | 0.00% | 27,075 | +27,075 | +100.00% | 0.2201% |
| Richard Pzena | Pzena Investment Management | $33.4B | $30.8M | 0.09% | 1,243,696 | -141,922 | -10.24% | 10.1086% |
| Israel Englander | Millennium Management LLC | $233.2B | $525,446 | 0.00% | 21,213 | -137,496 | -86.63% | 0.1724% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $463,595 | 0.00% | 18,716 | +3,940 | +26.66% | 0.1521% |
| Cliff Asness | AQR Capital Management | $190.6B | $1.1M | 0.00% | 45,242 | -5,759 | -11.29% | 0.3677% |
| Bruce Kovner | Caxton Associates | $3.2B | $440,282 | 0.01% | 10,299 | -3,076 | -23.00% | 0.1445% |