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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q3 | Sep 30, 2025 | Jemekk Hedge Fund | 5.5% | 15.8% | AC.TO, AEM, AMZN, ATD.TO, BTG, CRM, EFN.TO, FFH.TO, FNV, GDXJ, GS, MEG.TO, SSL.TO, V, WMT, ZZZ.TO | Canada, financials, gold, Hedging, materials, rates, Resilience | The letter focuses on market dislocations created by forced selling, liquidity shocks, and behavioral overreactions. These periods are viewed as recurring features of markets that allow disciplined investors to buy assets below intrinsic value. The fund positions itself to exploit volatility when price diverges sharply from fundamentals. | View | |
| 2026 Q1 | Apr 8, 2026 | Smallvalue | 30.0% | 30.0% | GDXJ, OLVI.HE, ORO.MI, RING.DE, SAN.MI, SFM, VID.MC | Europe, Geopolitical, small caps, Traditional Industries, value, volatility | AVID ORO.MI SFM |
View | |
| 2025 Q4 | Jan 23, 2026 | Equity Management Associates | 18.6% | 174.5% | GDX, GDXJ, GOEX, HUI, SIL, XAU | Bitcoin, Federal Reserve, gold, inflation, Mining, monetary policy, Silver, Sound Money | Gold is the ultimate form of money as it is geologically constrained and cannot be debased. The fund believes investors have not missed this bull market and are still early, with historical norms suggesting gold could achieve $8,000-$10,000 an ounce over the next few years. Central banks have jumped on the bullion accumulation train globally. Physical demand for silver is outstripping supply massively with silver prices skyrocketing as prices are being set by physical delivery markets in Asia rather than paper markets. The fund sees a supply shortage issue for a critical mineral in a world of growing solar/AI/power needs, with silver potentially spiking to $300+ during 2026. Precious metal miners remain cheap in comparison to the bullion and to the S&P 500. Gold mining companies represent streams of gold and are enjoying much higher margins because their cost to extract gold has not increased as rapidly as the price of gold, with miners earning a 70% profit margin on each ounce mined at current prices. Silver miners have a long way to catch up given their profit margin outlook is far greater than Wall Street understands. With average all-in mining costs running $26/oz and current silver prices at $90, margins have swollen to 70%+, which should drive institutional capital chasing silver miner cash flows. Markets can smell the inflation with 10 Year US Treasury Yields spiking higher breaking a 45-year trend of lower rates. The fund believes this represents a big secular change from the deflationary setting of 1982-2020 to an inflationary trend that has just started and could have many years or decades to run. Bitcoin is digital gold and the scarcest asset in the world. While deleveraging has hurt it in the short run, in the medium term it will join gold as a key sound money asset. The fund views Bitcoin as sound money that tends to accentuate gold's moves up or down due to its adoption curve and volatility. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Aug 13, 2025 | Seeking Alpha | Damon Judd | VanEck Junior Gold Miners ETF | Other | - | Bull | NYSEARCA | — | 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. | ||||||||