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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Jul 31, 2024 | VGI Partners | 0.0% | 0.0% | AMZN, CFR.PA, CME, DB1.DE, DIS, GEHC, GIS, LMT, LSEG.L, MA, PHG, PINS, RHM.DE, SAP, SIE.DE, SLB, SPOT, VG1.AX, WMT, XM | Concentration, Exchanges, global, healthcare, Quality, spinoffs, technology | VGI holds significant positions in financial exchanges including CME Group, Deutsche Börse, and London Stock Exchange Group. These exchanges benefit from increased volatility, growing Treasury markets, and transformation into data analytics businesses with recurring revenue streams. | GEHC AMZN CME |
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| 2025 Q2 | Jul 27, 2025 | Hotchkis & Wiley Global Value Fund | 6.9% | 13.3% | AIG, BAB.L, CMCSA, D, ELV, ERIC, FFIV, GEHC, GM, HEIA.AS, JDEP.AS, KHC, NOV, UNH, WDAY | energy, financials, global, healthcare, industrials, technology, value | UK and other European countries are investing more in defense spending, benefiting companies like Babcock International which has 60% of revenue from Ministry of Defense contracts. Revenue growth and profitability should continue as defense investment increases. | KHC NOV ELV JDEP.AS UNH BAB.L |
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| 2025 Q2 | Jun 30, 2025 | Fenimore Dividend Focus Strategy | 5.7% | - | ADI, AME, APH, AVY, BN, BRO, BWIN, CDW, CHE, CTAS, DFH, ENTG, EXLS, FND, FTDR, GEHC, HEI, HGTY, HLI, KEYS, MCHP, MKC, NOMD, PGR, PNFP, ROST, SITE, TRRSF, TT, VRSK, WAT, WSO, ZBRA | AI, Quality, rates, small cap, tariffs, value | Fenimore emphasizes high-quality companies with strong financials, durable business models, and proven management as the right approach for long-term investors. These quality profiles enable companies to endure downturns, compound returns, and manage risk more effectively compared to low-quality businesses with low profitability, unstable earnings, and high debt levels. | GEHC ENTG |
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| 2025 Q2 | Jun 30, 2025 | Fenimore Small Cap Strategy | 2.6% | - | APH, BWIN, CDW, CHE, CTAS, DFH, ENTG, EXLS, FND, FTDR, GEHC, HEI, HGTY, MCHP, MKC, NOMD, ROST, SITE, TRRSF, TT | AI, dividends, mid cap, Quality, small cap, tariffs, value | Fenimore emphasizes high-quality companies with strong financials, durable business models, and proven management as the right approach for long-term investors. They believe quality profiles enable companies to endure downturns, compound returns, and manage risk more effectively compared to low-quality, speculative businesses that outperformed in Q2. | View | |
| 2025 Q2 | Jun 30, 2025 | Fenimore Value Strategy | 5.8% | - | APH, BWIN, CDW, CHE, CTAS, DFH, ENTG, EXLS, FND, FTDR, GEHC, HEI, HGTY, MCHP, MKC, NOMD, ROST, SITE, TRRSF, TT | AI, dividends, insurance, Quality, small cap, tariffs, value | Fenimore emphasizes high-quality companies with strong financials, durable business models, and proven management as the right approach for long-term investors. They believe quality profiles enable companies to endure downturns, compound returns, and manage risk more effectively compared to low-quality, speculative businesses that outperformed in Q2. | View | |
| 2024 Q2 | Jun 30, 2024 | Zeno | - | - | AER, AIR.PA, BA, DHR, GE, GEHC, GEV, HEI, HON, PH, SAF.PA, TDG | aerospace, Aftermarket, Concentration, Market Power, value | GE Aerospace represents the global leading provider of jet engines with approximately 70% market share of commercial engines. The business model consists of low margin engine sales followed by high margin aftermarket services that generate 3.5x the revenue of initial engine sales. The aftermarket dynamic creates one of the largest and most defensible profit pools in the aerospace ecosystem. | GE |
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| 2024 Q1 | May 1, 2024 | Cooper Investors Global Equities Fund (Unhedged) | 5.5% | 5.4% | AER, CME, DHR, EUFI.PA, FER.MC, FERG.L, GEHC, HDB, IBKR, LBRDK, LPX, LSEG.L, TSM, URI, YUMC | AI, cyclicals, financials, global, growth, industrials, Stalwarts, value | The AI theme is beginning to display hallmarks of a 'new paradigm' with parabolic growth forecasts and investment banks rushing to put out baskets of AI beneficiaries. AI-enabled data centres are due to account for 75% of the increase in load growth with those locations incredibly energy intense compared to standard data centres. Next-Gen AI data centres are planned or under construction in the Atlanta area that will soak up over 1,000MW. | LP AER CME |
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| 2024 Q1 | Apr 15, 2024 | The Sound Shore Fund | 6.7% | 21.1% | BBWI, BKR, BRK-B, CAH, CNC, COF, ELV, FIS, GEHC, GM, HOLX, KHC, KMI, KR, LEN, MRK, OGN, PFE, PRGO, PVH, TEVA, TTE, WFC, WTW | Adaptability, contrarian, energy, large cap, Utilities, value | Sound Shore's contrarian investment process focuses on the adaptability and sustainability of company business models. The fund seeks companies that can best adapt and adjust to changing environments, as exemplified by holdings like Vistra and Constellation Energy that prepared their assets for dynamic markets while maintaining strong balance sheets. | AYI TEVA CEG VST |
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| 2024 Q4 | Dec 31, 2024 | Oakmark Fund- International Small Cap | 2.0% | 16.0% | ABNB, CE, CG, CNC, CRM, DIS, EBAY, ELV, GEHC, GM, GS, HLT, IQV, KDP, MO, PHM, TFC, WFC | Banking, Buybacks, financials, healthcare, large cap, Quality, technology, value | The fund focuses on investing in high-quality businesses at attractive prices despite broad market valuations being above historic averages. The wide spread in valuation multiples provides opportunities for superior future returns with a margin of safety. | KDP GEHC ELV CG ABNB CNC WFC |
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| 2025 Q3 | Oct 9, 2025 | Fenimore Dividend Focus Strategy | -0.7% | - | APH, BROS, BWIN, CBZ, CHE, CIGI, CTAS, CWST, ENTG, EXPO, FSV, FTDR, GEHC, JKHY, LSTR, MCHP, POOL, ROST, SPSC, VRSK | AI, dividends, Quality, rates, small caps, value | AI euphoria fueled strong market performance in Q3, with mega-cap AI leaders driving gains. Portfolio companies are using AI to improve operations, reduce costs, and better serve customers. Several holdings are participating directly in AI adoption, particularly in data center infrastructure buildout. | FSV CN VRSK US ROST US APH US |
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| 2025 Q3 | Oct 9, 2025 | Fenimore Small Cap Strategy | -5.1% | - | APH, BROS, BWIN, CBZ, CHE, CIGI, CTAS, CWST, ENTG, EXPO, FSV, FTDR, GEHC, JKHY, LSTR, NOMD, POOL, ROST, SPSC, VRSK | AI, dividends, Quality, rates, small caps, value | AI euphoria fueled strong market performance in Q3, with mega-cap AI leaders driving gains. Portfolio companies are using AI to improve operations, reduce costs, and better serve customers. Several holdings are participating directly in AI adoption, particularly in data center infrastructure buildout. | CWST US |
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| 2025 Q3 | Oct 9, 2025 | Fenimore Value Strategy | 1.4% | - | APH, BROS, BWIN, CBZ, CHE, CIGI, CTAS, CWST, ENTG, EXPO, FSV, FTDR, GEHC, JKHY, LSTR, NOMD, POOL, ROST, SPSC, VRSK | AI, dividends, Quality, small caps, US, value | AI euphoria fueled strong market performance in Q3, with mega-cap AI leaders driving much of the gains. Many portfolio companies are using AI to improve operations, reduce costs, and better serve customers. Several holdings are participating directly in AI adoption, particularly in data center infrastructure buildout. | LSTR US A US ROST US APH US |
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| 2025 Q3 | Oct 28, 2025 | Hotchkis & Wiley Global Value Fund | 5.3% | 19.2% | AIG, CMCSA, D, ELV, ERIC, FFIV, GEHC, GOOGL, HEIA.AS, JDEP.AS, UNH, WBD, WDAY, WPP.L | AI, financials, global, healthcare, Media, technology, value | Artificial intelligence infrastructure spending and structural demand tied to AI drove significant performance in semiconductors and hardware companies. AI capabilities are viewed as key to digital transformation and turnaround plans for companies like WPP. | View | |
| 2025 Q3 | Oct 28, 2025 | Hotchkis & Wiley Large Cap Fundamental Value | 6.4% | 12.0% | AIG, APA, C, CMCSA, ELV, ERIC, FFIV, GEHC, GM, GOOGL, WBD, WDAY, WPP.L | energy, financials, large cap, Quality, technology, value | The portfolio trades at less than 13x consensus earnings and a little more than 9x normal earnings, in line with its historical average despite the broad market's elevated valuation. The manager emphasizes attractive valuation opportunities in segments of the equity market while noting the S&P 500 is fully valued or overvalued at 25x next year's consensus estimates. | View | |
| 2025 Q3 | Oct 14, 2025 | Cooper Investors Global Equities Fund (Unhedged) | 0.0% | - | BME.L, BSY, CME, G24.DE, GEHC, TKO | Exchanges, global, healthcare, Media, retail, technology | TKO Holdings owns UFC and WWE, benefiting from increased demand for sports media rights from traditional broadcasters and streaming platforms. The company renewed its most important US UFC media deal with Paramount+ for seven years at $7.7 billion annually, more than doubling the current ESPN deal. This increased exposure will drive sponsorship value and grow the fanbase. | TKO G24 CME |
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| 2025 Q4 | Jan 29, 2026 | Hotchkis & Wiley Global Value Fund | 3.8% | 23.8% | AIG, BNP.PA, CMCSA, CRM, ELV, ERIC, FFIV, FISV, GEHC, GOOGL, UNH, USB, WBD, WDAY | AI, financials, global, healthcare, software, technology, valuation, value | The portfolio trades at 13x forward earnings and less than 10x normal earnings, representing attractive valuations relative to the broad market. The fund focuses on opportunities outside the Magnificent 7 where overall valuations remain near average despite elevated market multiples. The fund views AI as more likely to be a tailwind for application software vendors like Workday as they incorporate AI-powered features into their software suites. Google delivered strong new AI products that appear to be taking material share of Consumer Chatbot activity from OpenAI's ChatGPT. The fund has significant exposure to cloud-based enterprise software companies like Workday and Salesforce, which provide human capital management, financial management, and analytics solutions. These companies benefit from sticky customer bases and recurring revenue models. | View | |
| 2023 Q3 | Sep 30, 2023 | The Sound Shore Fund | 6.7% | 21.1% | CEG, GEHC, MSFT, TEVA, VST | contrarian, energy, healthcare, long-term, Pharmaceuticals, Utilities, value | Strong contributions from Vistra and Constellation Energy as higher US electricity prices exposed grid reliability issues. Vistra benefits from diversified fuel sources and low costs, while Constellation leads in carbon-free nuclear power with regulatory tailwinds from the Inflation Reduction Act. | TEVA CEG BOAVSTB BZ GEHC |
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| 2023 Q2 | Aug 8, 2023 | VGI Partners | 0.0% | 0.0% | 7733.T, AMZN, CFR.SW, CME, DB1.DE, DIS, DSMNF, GEHC, ISRG, LSEG.L, MA, PHG, PINS, RHM.DE, SAP, SIE.DE, SLB, SPOT, VG1.AX, XM | Concentration, Exchanges, global, healthcare, Quality, technology, value | VGI holds significant positions in financial exchanges including CME Group, Deutsche Börse, and London Stock Exchange Group. They view these as critical market infrastructure with strong competitive moats and benefiting from increased interest rates through net interest income. | DSM.AS LSEG.L DB1.DE GEHC AMZN CME |
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| 2024 Q2 | Jul 31, 2024 | The Sound Shore Fund | 6.7% | 21.1% | BBWI, GEHC, ORCL, TEVA | healthcare, long-term, Pharmaceuticals, retail, technology, value | The fund focuses on attractively valued companies trading below peer valuations, with the portfolio at 11.2x forward P/E versus 20.9x for S&P 500. They seek companies with internally driven earnings and sustainable competitive advantages. | TEVA ORCL GEHC BBWI |
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| 2024 Q2 | Jul 15, 2024 | Cooper Investors Global Equities Fund (Unhedged) | 5.5% | 5.4% | ACN, AER, BKNG, CDW, CRM, ERF.PA, FER.MC, FERG.L, GEHC, GOOGL, HDB, LPX, LSEG.L, REL.L, ROL, RTO.L, SONY, TSM, ULTA, YUMC | AI, global, growth, Quality, semiconductors, value | Portfolio has 10% exposure through TSMC and Alphabet, with TSMC positioned to extract more value from AI profit pools and Alphabet leveraging AI across search, YouTube, and cloud. Manager sees AI revolution making companies with unique datasets more valuable as it permanently improves business models, citing examples like RELX's LexisNexis Legal business and GE Healthcare's diagnostic imaging. | View | |
| 2023 Q1 | Mar 31, 2023 | Vulcan Value Partners – Focus Plus | 5.6% | 18.6% | AMAT, AMZN, ARES, AYI, CNM, CRM, CW, GE, GEHC, GOOGL, IHG.L, KKR, LFUS, MSFT, SEE, SNBR, SWKS, TDG, UPS | aerospace, Hotels, infrastructure, large cap, semiconductors, small cap, technology, value | Microsoft's Azure growth decelerated during the quarter and is expected to decelerate further next quarter. The company is managing expenses to preserve margins amid headwinds. Microsoft's partnership with OpenAI and ChatGPT announcements represent a complex and rapidly developing opportunity. | ARES DEEPSEEK CNM AYI ACWI UPS IHG.L |
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| 2023 Q4 | Jan 15, 2024 | Cooper Investors Global Equities Fund (Unhedged) | 5.5% | 5.4% | 6758.T, 8035.T, ADYEN.AS, AIT.L, AON, CDW, CRM, DHR, EUFI.PA, FER.MC, FTV, GEHC, GOOGL, HLN.L, LSEG.L, MSFT, RTO.L, URI, WDAY, YUMC | cyclicals, global, healthcare, technology, Turnarounds, value | The fund invested in Tokyo Electron during the semiconductor cycle trough in November 2022, benefiting from the industry recovery and emerging AI theme. The stock rallied 60% over the holding period as sentiment improved and earnings estimates recovered from cyclical lows. | ADYEN.AS LSEG.L GEHC |
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| 2023 Q4 | Jan 2, 2024 | VGI Partners | 0.0% | 0.0% | AMZN, CME, DIS, GEHC, KVUE, META, RHM.DE, SHEL, SPOT, TECK | AI, Concentration, defense, global, Long/Short, Quality, Streaming, technology | Amazon's investments in artificial intelligence including chip company Annapurna and Anthropic provide material foothold in AI technology stack. AWS exposure to AI infrastructure requirements and continued LLM investment will contribute strongly to growth. Meta's AI investments in cloud infrastructure and recommendation engines have been important in improving engagement and growing user base. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Cooper Investors Global Equities Fund (Unhedged) | GE Healthcare Technologies Inc | Health Care Equipment & Services | Health Care Equipment | Bull | NASDAQ | Aftermarket revenue, Healthcare Equipment, margin expansion, medical imaging, oligopoly, R&D investment, spin-off, turnaround | View Pitch |
| Apr 28, 2026 | Fund Letters | The Sound Shore Fund | GE Healthcare Technologies Inc | Health Care | Health Care Equipment | Bull | NASDAQ | China exposure, contrarian, Healthcare Equipment, medical imaging, spinoff, Value | View Pitch |
| Apr 28, 2026 | Fund Letters | VGI Partners | GE Healthcare | Health Care | Health Care Equipment | Bull | NASDAQ | digital healthcare, Imaging Equipment, margin expansion, medical technology, oligopoly, recurring revenue, spin-off | View Pitch |
| Apr 27, 2026 | Fund Letters | Vulcan Value Partners - Large Cap | GE HealthCare Technologies Inc. | Health Care | Health Care Equipment & Supplies | Neutral | NASDAQ | Free Cash Flow, Healthcare Equipment, Imaging, Installed base, medical technology, oligopoly, recurring revenue, spin-off | View Pitch |
| Apr 13, 2026 | Fund Letters | VGI Partners | GE Healthcare | Health Care | Health Care Equipment | Bull | NASDAQ | digital healthcare, Healthcare Technology, Imaging Equipment, margin expansion, Medical devices, medical technology, recurring revenue, spin-off | View Pitch |
| Apr 13, 2026 | Fund Letters | The Sound Shore Fund | GE Healthcare Technologies Inc. | Health Care | Health Care Equipment & Supplies | Bull | NASDAQ | China exposure, Healthcare Equipment, market leader, medical imaging, medical technology, spinoff, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | Oakmark Fund | GE HealthCare Technologies Inc. | Health Care | Health Care Equipment & Supplies | Bull | NASDAQ | AI-Enabled Software, China exposure, margin expansion, medical technology, Precision Care, Self-Help Story, spinoff, Standalone Company | View Pitch |
| Dec 5, 2025 | Fund Letters | John Fox | GE HealthCare Technologies Inc. | Health Care | Health Care Equipment | Bull | NASDAQ | AI, diagnostics, healthcare, Imaging, recurring revenue | View Pitch |
| Aug 7, 2025 | Seeking Alpha | ALLKA Research | GE HealthCare Technologies Inc. | Health Care | Health Information Services | Bull | NASDAQ | — | 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. | ||||||||