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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q3 | Sep 30, 2025 | Antipodes Global Fund | - | - | 4063 JP, 6367 JP, 6702 JP, ASAIY, B, EAT, GMED, GOOG, MPNGY, MRK, NG, PCOR, TCEHY, UBS, VALT LN | AI, Capex, Cloud, Platforms, semiconductors | AI-driven equity momentum remains the dominant global market catalyst, influencing U.S. leadership, Chinas tech rally, and sector performance. The fund highlights both opportunity and risk in AI-related capital expenditure cycles, with concerns over circular investment dynamics. AI continues to shape earnings dispersion, regulatory focus, and positioning across global equities. | View | |
| 2025 Q3 | Sep 30, 2025 | Antipodes Global Value Fund | - | - | 4063 JP, 6367 JP, 6702 JP, ASAIY, B, BABA, EAT, GMED, GOOG, MPNGY, MRK, PCOR, TCEHY, VALT LN | AI, China, Cloud, Platforms, semiconductors | AI optimism fuels U.S. tech strength and Chinas policy-supported chip and platform expansion, driving major contributors such as Alphabet, Tencent, and Alibaba. The fund emphasizes AI monetization across cloud, gaming, advertising, and silicon supply chains. AI remains a central multiyear growth engine shaping valuation, sector rotation, and capital allocation. | GOLD US 6367 JP GMED US PCOR US 4063 JP 300750 CH GOLD US |
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| 2025 Q3 | Sep 30, 2025 | SGA – U.S. Large Cap Growth | -1.4% | 2.8% | AAPL, CMG, GART, GOOG, GWW, INTU, NKE, NVDA, NVO, WCN, WDAY | earnings, growth, innovation, moats, technology | The commentary emphasizes sustained large-cap growth leadership supported by strong earnings, balance sheet quality, and secular technology adoption. While valuations are elevated, pricing power and margin durability among dominant franchises underpin continued growth potential. Growth remains attractive as innovation and capital discipline drive long-term earnings compounding. | View | |
| 2025 Q3 | Sep 30, 2025 | Impax US Sustainable Economy Fund | 7.3% | 11.1% | AVGO, ELV, GOOG, INTC, ORCL, PGR | efficiency, Esg, innovation, Resilience, sustainability | Impax focuses on companies positioned to benefit from the transition to a more sustainable economy, emphasizing corporate resilience, resource efficiency, and long-term structural tailwinds. The fund highlights that sustainability-aligned businesses can deliver competitive returns while managing environmental and social risks. Sustainability remains investable as regulation, capital flows, and innovation reinforce these themes. | View | |
| 2025 Q3 | Sep 30, 2025 | TCW Concentrated Large Cap Growth Fund | 4.1% | 12.6% | ADBE, ANET, ETN, GOOG, NOW, SHOP, SPOT | AI, Capex, Platforms, productivity, technology | The fund commentary highlights artificial intelligence as a dominant secular driver of capex, productivity, and earnings growth across large-cap equities. Hyperscaler investment, software platform adoption, and data center buildouts are reshaping competitive dynamics and margin structures. AI is viewed as early in its growth curve despite near-term volatility and valuation risks. | View | |
| 2025 Q3 | Sep 30, 2025 | Baron Fifth Avenue Growth Fund | 5.8% | 14.3% | AMZN, CRWD, GOOG, ISRG, KKR, MELI, META, MSFT, NVDA, SHOP, TSLA, TSM, TTD | earnings, growth, innovation, Market share, scalability | The manager highlights long-duration growth investing in competitively advantaged businesses with large addressable markets and strong reinvestment opportunities. Short-term volatility and style rotations are viewed as secondary to sustained revenue growth, innovation, and market share gains. Growth remains anchored in owning exceptional companies through cycles as intrinsic value compounds over time. | META CRWD KKR MELI ISRG TTD TSM GOOGL TSLA SHOP NVDA |
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| 2025 Q3 | Sep 30, 2025 | Barometer Capital Management Inc. | - | - | AEM, AGI, AVGO, BMO CN, CLS, GOOG, HBM, LRCX, META, MS, NVDA, SAN | Copper, Energy Transition, gold, Precious Metals, uranium | The report highlights a synchronized rally in precious and industrial metals as persistent inflation, early Fed rate cuts, and geopolitical uncertainty drove renewed demand for hard assets. Gold and silver benefitted from central bank purchases and safe-haven flows, while copper, uranium, and lithium advanced on electrification, infrastructure build-out, and global energy transition policies. Barometer's positioning across bullion, miners, and commodity-linked equities is framed as both a diversification tool and a structural growth allocation tied to power demand and resource scarcity. | BMO CN |
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| 2024 Q2 | Sep 30, 2024 | Qualivian Investment Partners | 2.5% | - | AMZN, GOOG, MA, ORLY, TJX, URI, V | - | View | ||
| 2023 Q2 | Aug 4, 2023 | Eagle Capital Management, LLC | - | - | AMZN, AON, COF, COP, GOOG, META, MSFT, NFLX, UNH | - | View | ||
| 2025 Q2 | Aug 20, 2025 | Pershing Square Holdings | - | 15.5% | AMZN, BN CN, CMG, FNMA, GOOG, HHH, HLT, HTZ, NKE, UBER, UMG NA | activism, Capital Allocation, Concentration, Governance, value creation | The commentary focuses on concentrated ownership in high-quality businesses where engagement can unlock operational and strategic value. Management emphasizes disciplined capital allocation, strong balance sheets, and long-duration growth. Activism is positioned as a catalyst for value realization rather than short-term trading. | View | |
| 2025 Q2 | Aug 18, 2025 | Baron Durable Advantage Fund | 15.6% | 7.4% | APH, AVGO, GOOG, META, NVDA, TMO, TXRH, UNH | Competitive Advantage, Intrinsic Value, long-term, Pricing Power, Quality | The letter centers on owning high-quality, competitively advantaged businesses with durable growth characteristics. Management stresses focusing on what will not change over time, such as customer demand and pricing power, while ignoring short-term market noise. Volatility is viewed as a temporary disconnect between price and intrinsic value. | View | |
| 2024 Q2 | Aug 12, 2024 | Eagle Capital Management, LLC | 5.1% | 18.6% | AAPL, AMZN, GOOG, LLY, META, MSFT, NVDA | - | View | ||
| 2024 Q2 | Jul 3, 2024 | GoodHaven Capital Management | 0.0% | 18.9% | BAC, GOOG, TVK CN | - | View | ||
| 2025 Q2 | Jul 28, 2025 | Harry Qelm Baabsman Ltd | - | 9.7% | ADBE, CRM, GOOG, LIGHT NA, NVDA, NXT, PUM GR, SEDG, VWSB GR, ZAL GR, ZM | dislocation, Intrinsic Value, long-term, valuation gaps, volatility | The letter discusses extreme market dislocations caused by speculative behavior in AI-linked mega caps and short-term trading dominance. Management warns that pricing volatility has decoupled from fundamentals, creating opportunities in undervalued sustainable energy, technology, and consumer businesses. The outlook favors patient capital, intrinsic value discipline, and long holding periods. | ADBE PUM GR VWSB GR NXT ZAL GR ZM CRM |
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| 2025 Q2 | Jul 27, 2025 | Lakehouse Global Growth Fund | - | - | GOOG, HEM SS, MC FP, MELI, SE, SPOT | Global Growth, innovation, ROIC, scalability, secular trends | The commentary focuses on long-term global growth opportunities driven by innovation, secular demand, and scalable business models. Management emphasizes patience through short-term macro disruptions. High returns on capital and reinvestment opportunities are core selection criteria. | GOOG MELI SE |
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| 2025 Q2 | Jul 22, 2025 | Harris Associates Concentrated Strategy | 3.9% | 3.7% | COF, COP, CRL, CRM, GOOG, ICLR, IQV, SCHW, WTW | downside protection, fundamentals, Mean reversion, valuation dispersion, Value Investing | The letter centers on intrinsic value investing amid extreme valuation dispersion between popular growth stocks and unloved franchises. Management argues that patience and concentration in discounted, high-quality businesses will be rewarded as fundamentals reassert themselves. The strategy emphasizes downside protection and long-term mean reversion rather than short-term momentum. | IQV COP GOOG COF SCHW |
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| 2025 Q2 | Jul 21, 2025 | Sands Capital Technology Innovators Fund | 26.0% | 12.9% | AAPL, GLBE, GOOG, META, MSFT, NFLX, NVDA, OKTA, PANW, SPOT, TEAM, TSM, V | AI, Cloud, innovation, semiconductors | GLBE AAPL SPOT PANW V OKTA TEAM NFLX NVDA |
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| 2025 Q2 | Jul 2, 2025 | Ghosh Capital | 17.3% | 25.3% | GOOG, KSI CN, MDA CN | Global Equities, Quality, stock picking, valuation gaps, volatility | The letter frames the market as a stock-pickers environment characterized by stretched valuations and sharp dispersion across geographies and sectors. Management emphasizes exploiting valuation gaps in high-quality global businesses overlooked due to index concentration and U.S.-centric bias. Cash management and tactical positioning are used to capitalize on volatility. | MDA CN |
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| 2025 Q2 | Jul 18, 2025 | Bailard Technology Strategy | 23.0% | 11.5% | ANET, AVGO, GOOG, NVDA | innovation, productivity, semiconductors, software, technology | The commentary centers on long-term technology adoption despite short-term volatility driven by rates and macro uncertainty. The strategy focuses on software, semiconductors, and digital infrastructure benefiting from productivity gains and secular demand. Innovation cycles are viewed as durable drivers of earnings growth. | View | |
| 2022 Q2 | Jul 18, 2022 | Springview Capital Management | -8.4% | -7.3% | BRK/A, GOOG, MKL, WRB, WTM | - | View | ||
| 2025 Q2 | Jul 15, 2025 | GreensKeeper Value Fund | - | -3.6% | AXP, BRK/A, CFR SW, FI, GOOG, NVO | capital preservation, Discipline, risk taking, Speculation, valuation excess | The letter warns of rising speculative behavior marked by frothy valuations, renewed risk-taking, and investor complacency. Management stresses that such environments historically reward patience and discipline rather than momentum chasing. The fund positions itself to protect capital and deploy aggressively when fear eventually returns. | CFR SW GOOGL AXP |
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| 2024 Q2 | Jul 12, 2024 | Vulcan Value Partners – Focus Plus | 5.6% | 18.6% | CSGP, GOOG | - | View | ||
| 2024 Q2 | Jul 12, 2024 | Vulcan Value Partners – Focus Plus | 5.9% | 18.7% | CSGP, GOOG | - | View | ||
| 2024 Q2 | Jul 12, 2024 | Parnassus Growth Equity Fund | 3.3% | 21.0% | AAPL, ADYEN NA, AMAT, AZN LN, CRM, GOOG, MSCI, NTRA, NVDA, ODFL, PANW, PCOR, TSM, WDAY | - | View | ||
| 2024 Q2 | Jul 12, 2024 | Parnassus Value Equity Fund | 7.3% | 13.7% | ALGN, AVGO, BAX, BEPC, CSCO, GOOG, GPN, INTC, MU, NICE IT, ORCL, TSM | - | View | ||
| 2025 Q2 | Jul 11, 2025 | Giverny Capital Asset Management | 9.1% | 5.4% | BLDR, FI, GOOG, HEI, KNSL, MTB, PGR | Balance Sheets, cash flow, long-term, niche leaders, Quality | The commentary stresses ownership of high-return, niche market leaders with conservative balance sheets amid elevated macro uncertainty. Management prioritizes businesses with durable competitive advantages, strong cash generation, and prudent capital structures. Lower exposure to mega-cap concentration is viewed as a deliberate long-term choice. | GOOG FISV KNSL |
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| 2024 Q2 | Jul 10, 2024 | Alphyn Capital Management | 8.9% | 13.5% | AMZN, BUR, COGT, ENOV, ESAB, EXO NA, FFH CN, GOOG, IAC, KKR, KMX, PROSY, TVK CN, W | - | View | ||
| 2024 Q2 | Jul 10, 2024 | Aristotle Atlantic Core Equity Strategy | 3.1% | 21.7% | ABT, ACN, APH, BSX, DAR, GOOG, MCHP, NSC, NVDA, TFX | - | View | ||
| 2024 Q2 | Jul 10, 2024 | Aristotle Core Equity Fund | 2.9% | 21.3% | ABT, ACN, APH, BSX, DAR, GOOG, MCHP, NSC, NVDA, TFX | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Orbis Global Equity | - | - | AAPL, CPAY, GOOG, META, MSFT | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Platinum International Fund | -1.0% | - | AMZN, GOOG, PUM GR, TSM | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Farrer 36 Asset Management Private Limited | - | - | ASAI3 BZ, EDR SM, EVO SS, GOOG, HWDN LN, IAC, SE | - | View | ||
| 2023 Q2 | Jun 30, 2023 | Alluvium Global Fund | - | - | 0RYA LN, CPRI, GOOG, HCA, MCK, NST AU, RRL AU, THO, UMG NA, WBA | - | View | ||
| 2023 Q2 | Jun 30, 2023 | Oakmark Global Select Fund | 5.7% | - | COP, DHR, GOOG | - | View | ||
| 2023 Q2 | Jun 30, 2023 | Platinum International Brands Fund | -3.4% | - | 200 HK, 4819 JP, 5938 JP, 6186 HK, 7974 JP, GOOG, KEI GR, MAPA IJ | - | View | ||
| 2023 Q2 | Jun 30, 2023 | Merchant West Investments | - | - | GOOG, MSFT, NVDA, TFG SJ | - | View | ||
| 2025 Q1 | Jun 16, 2025 | Qualivian Investment Partners | 1.2% | 1.2% | AJC, AJG, AZO, BRK/B, BRO, CPRT, GOOG, MUSA, ORLY, URI | - | View | ||
| 2024 Q1 | May 23, 2024 | Bronte Capital Amalthea Fund | -3.7% | 0.0% | GOOG, HIBB | - | View | ||
| 2025 Q1 | May 22, 2025 | Artemis US Select Fund (Class I Accumulation Shares GBP) | -14.7% | -14.7% | AAPL, AVTR, CTVA, FIX, GOOG, SAIA, VMC, WST | - | View | ||
| 2025 Q1 | May 22, 2025 | Brown Advisors Global Leaders Strategy | - | -0.4% | ABNB, AMZN, BKNG, GE, GOOG, LSEG LN, SHW, ZM | - | View | ||
| 2023 Q1 | May 22, 2023 | Nightview Capital | - | - | GOOG, TSLA | - | View | ||
| 2024 Q1 | May 2, 2025 | Appalaches Capital | 4.1% | 4.1% | GOOG, PLX FP, SYENS BB, VSTS | - | View | ||
| 2025 Q1 | May 19, 2025 | Hinde Group | -0.9% | -0.9% | GOOG, IBKR, NBN, UBER | - | View | ||
| 2024 Q1 | May 15, 2024 | Third Point Partners | 3.9% | 14.0% | AAP, GOOG, LSEG LN, TSMC, VST | - | View | ||
| 2024 Q1 | May 15, 2024 | Lakehouse Global Growth Fund | 0.0% | 0.0% | ADYEN, GOOG, NOW, SE | - | View | ||
| 2024 Q1 | May 10, 2024 | Kinsman Oak | 0.0% | 0.0% | GOOG | - | View | ||
| 2024 Q1 | May 10, 2024 | Hinde Group | 19.3% | 19.3% | GOOG | - | View | ||
| 2025 Q1 | May 1, 2025 | Mairs & Power – Balanced Fund | 0.0% | 0.0% | DIS, GOOG, MSI, QCOM, TECH, TXN, WEC | - | View | ||
| 2025 Q1 | Apr 9, 2025 | Vulcan Value Partners – Focus Plus | -5.8% | -5.8% | AMZN, CRM, GOOG, MSFT, SWKS | - | View | ||
| 2025 Q1 | Apr 9, 2025 | Vulcan Value Partners – Focus Plus | -6.0% | -6.0% | AMZN, CRM, GOOG, MSFT, SWKS | - | View | ||
| 2025 Q1 | Apr 8, 2025 | GreensKeeper Value Fund | 3.0% | 3.0% | AXP, BRK/B, CHKP. ELV, GOOG, ICLR, VRTX | - | View | ||
| 2024 Q1 | Apr 29, 2024 | Ironvine Capital Partners, LLC | - | 5.3% | AMZN, GOOG | - | View | ||
| 2025 Q1 | Apr 21, 2025 | Kovitz Core Equity Strategy | -2.3% | -2.3% | ADBE, ADI, AMZN, ANET, ASHTY, BRK/A, DGE LN, GOOG, ICE, JPM, MSFT, PM | - | View | ||
| 2023 Q1 | Apr 18, 2023 | Kovitz Core Equity Strategy | 9.1% | 9.1% | ANET, AXP, GOOG, J, KEYS, LVS, META, PM, PPG, PWR | - | View | ||
| 2024 Q1 | Apr 15, 2024 | Mayar Capital | 7.7% | 9.6% | 005930 KS, 0K85 LN, 3M, BFAM, BLND LN, CAP FP, GOOG, HLCL LN, HOME SM, HWDN LN, JNJ, KVUE, PYPL, RITN GR, SAP, UL, UPS, VTY LN, VWS DC, WIX | - | View | ||
| 2024 Q1 | Apr 15, 2024 | Weitz Large Cap Equity Fund | 7.8% | 13.3% | CHTR, GOOG, LBRDA | - | View | ||
| 2025 Q1 | Apr 15, 2024 | The London Company Large Cap | 2.3% | 2.3% | BLK, BRK/B, BRKR, ENTG, FDX, GOOG, HD, ODFL, PGR, RSG | - | View | ||
| 2023 Q1 | Apr 14, 2023 | WestEnd Capital | 4.9% | 4.9% | AMD, CSCO, DIS, GOOG, JNJ, META, NVDA | Artificial Intelligence, Bank Stress, Cost Cutting, Liquidity Expansion, Profitability Bias | The letter analyzes regional bank failures as isolated mismanagement events rather than systemic risk, citing strong Tier 1 capital ratios and concentrated Federal Reserve liquidity support :contentReference[oaicite:0]{index=0}. WestEnd highlights a profitability bias in markets, with mega-cap technology driving returns, and frames cost cutting as a core earnings lever for 2023. Generative artificial intelligence is positioned as a transformative force capable of materially boosting productivity and corporate profits. | GOOGL NVDA AMD |
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| 2024 Q1 | Apr 12, 2024 | Kovitz Core Equity Strategy | 10.3% | 10.3% | AON, BDX, CHTR, GIL, GOOG, JPM, KMX, META, ORCL, PCAR, PPG, SPLK, SPOT | - | View | ||
| 2023 Q1 | Apr 12, 2023 | Montaka Global Investments | - | - | AMD, BAC, GOOG | - | View | ||
| 2023 Q1 | Apr 12, 2023 | Pelican Bay Capital Management | 2.2% | 2.2% | ARKO, BLDR, CBOE, CPRI, CSCO, CVS, EOG, FANG, GOOG, TOL | - | View | ||
| 2025 Q1 | Apr 11, 2025 | Middle Coast Investing | - | - | ACLS, ATRO, COF, ECG, GOOG, OMAB, PGR, PTLO, SON, TRIP, TSM, VMEO | - | View | ||
| 2025 Q1 | Apr 10, 2025 | Aristotle Value Equity Fund | 0.7% | 0.7% | 6758 JP, ADBE, APD, GOOG, HON, ML FP, MRP | - | View | ||
| 2025 Q4 | Mar 5, 2026 | RGA Investment Advisors | - | - | AMZN, CELH, GOOG, LSCC | AI, Cloud, Investment Strategy, Portfolio Management, semiconductors, software, technology | AI has been integrated into RGA's research process through tools like NotebookLM, Gems in Gemini, and Claude Code. The firm views AI as a force multiplier for human judgment rather than a replacement, emphasizing the Kasparov Law principle. They believe the market narrative around AI displacement is swinging to unhelpful extremes, creating investment opportunities. RGA initiated a position in Lattice Semiconductor, viewing it as an under-appreciated AI winner with immediate gains and longer-term optionality. Lattice's focus on efficiency and advantages in low-power, small footprint FPGAs position it favorably for AI servers, particularly as the only Post-Quantum Cryptography secure chips on the market. Amazon's positioning to benefit from both infrastructure and application layers of AI is highlighted. The company's logistical prowess represents one of the foremost moats in business and will be enhanced with AI through better orchestration of logistics assets and buildout of more sophisticated robotics. | View | |
| 2025 Q1 | Mar 31, 2025 | Mar Vistas U.S. Quality Select | -4.5% | -4.5% | AAPL, AVGO, GOOG, JNJ, NVDA, PEP, TDG, V | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Columbia Global Technology Growth Fund | -12.3% | -12.3% | GOOG, MRVL, MSFT, NOW, NVDA, TMUS, UBER, V | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Fidelity Dividend Growth Fund | -5.3% | -5.3% | GEV, GOOG, MRVL, TSLA | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Harris Associates Concentrated Strategy | -0.1% | -0.1% | COP, DE, FIZN, GOOG, ICE, IQV, MOH | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Hotchkis & Wiley Global Value Fund | 6.0% | 6.0% | BAB LN, CVS, GOOG, SEI GR, WDAY, WPP | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Hotchkis & Wiley Large Cap Fundamental Value | 2.5% | 2.5% | AIG, CVS, ELV, GOOG, MGA, OLN | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Madison Sustainable Equity Fund | - | - | A, ACN, COST, ECL, GOOG, LIN, LLY, ORCL, PGR, UPS, USB, V | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Aristotle/Saul Global Equity Fund | 1.2% | 1.2% | 6367 JP, 6758 JP, ADBE, CCO CN, GOOG, HON, LEN, ML FP, MRP, MUV2 GR | - | View | ||
| 2025 Q1 | Mar 31, 2025 | ClearBridge Investments Large Cap Value | - | - | AVGO, CVS, EIX, GOOG, NVO, ORCL, ORLY, RTX, SRE | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Loomis Sayles Global Growth Fund | -3.4% | -3.4% | AMZN, GOOG, MELI, NOVN SW, TSLA | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Sands Capital Global Growth Fund | -6.0% | -6.0% | AMZN, APNT IN, BAF IN, BLDR, ENTG, EVD GR, GOOG, IOT, IRTC, ISRG, MELI, NVDA, SNOW, SPOT, TSM, V, XYZ | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Weitz Multi Cap Equity Fund | 0.8% | 0.8% | BRK/A, GOOG, HEI, PRM | - | View | ||
| 2025 Q1 | Mar 31, 2025 | RiverPark Large Growth | -7.2% | -7.2% | AAPL, AMZN, GOOG, LLY, MSFT, NVDA, SCHW, UBER, UNH, V | - | View | ||
| 2025 Q1 | Mar 31, 2025 | RiverPark Long/Short Opportunity Fund | -5.8% | -5.8% | AAPL, GOOG, NVDA, SCHW, UBER, V | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Farrer 36 Asset Management Private Limited | - | - | 1ED GR, BFIT NA, EVO SS, FNV CN, GOOG, HWDN LN, SE | - | View | ||
| 2024 Q1 | Mar 31, 2024 | Platinum International Technology Fund | 15.2% | 15.2% | ADSK, AMZN, GOOG, SAP GR | - | View | ||
| 2023 Q1 | Mar 31, 2023 | Oakmark Global Select Fund | 9.1% | 9.1% | AIG, GOOG, ICE | - | View | ||
| 2023 Q1 | Mar 31, 2023 | Platinum International Technology Fund | 13.2% | 13.2% | 6539 JP, 6963 JP, BKNG, GOOG, META, MSFT, NFLX, NXPI, SOI FP | - | View | ||
| 2022 Q1 | Mar 31, 2022 | Farrer 36 Asset Management Private Limited | - | - | AMZN, ATTOF, BFIT NA, GOOG, META, PAR, SE, VZIO, XYZ | - | View | ||
| 2024 Q4 | Mar 30, 2025 | Qualivian Investment Partners | 3.3% | 26.6% | AMZN, BRO, DHR, GOOG, MSFT, URI, V | - | View | ||
| 2025 Q4 | Mar 10, 2026 | Peterson Investment Fund | - | - | BABA, BRK.B, DJCO, GOOG, NPSNY | AI, Capital Allocation, China, Compounding, Concentration, technology, Value Investing | AI is viewed as economically consequential and transformative, improving product quality and expanding monetizable surfaces across platforms like Alphabet's ecosystem. However, adoption is constrained by computing economics, implementation friction, and infrastructure limits. The manager emphasizes that profits will accrue where unit economics are defensible and workflow integration is structural. Google Cloud is highlighted as scaling into enterprise infrastructure with improving profitability and durable growth potential. The manager tracks Cloud for margin expansion and conversion of contracted demand into revenue, viewing it as a key component of Alphabet's multi-platform compounding story. Share repurchases are emphasized as a key capital allocation tool across multiple holdings. Alibaba returned $12 billion in buybacks reducing share count by 5%, while Naspers' buyback program has reduced free float by 28% and driven NAV accretion. The manager evaluates buybacks based on accretion to per-share intrinsic value. Alibaba is positioned as a structural toll bridge inside digital commerce where merchant supply, consumer demand, and logistics throughput reinforce each other. The manager focuses on scale-based unit economics and market share stability in core commerce platforms. | View | |
| 2024 Q4 | Mar 1, 2025 | Columbia Global Technology Growth Fund | 6.1% | 31.7% | AVGO, GOOG, NVDA, RDDT | - | View | ||
| 2024 Q4 | Feb 6, 2025 | Bretton Fund | -1.0% | 20.3% | AXP, AZO, GOOG, MSFT, NVR, TJX | - | View | ||
| 2025 Q4 | Feb 18, 2026 | The Gabelli Dividend Growth Fund | 5.2% | 18.8% | AIG, AMZN, C, GOOG, IP, MDLZ, MRK, MS, NEM, ORCL, PNC, PRGO, SATS, WFC | AI, dividends, financials, gold, healthcare, value | AI euphoria faded in Q4 but companies in the AI ecosystem continued to deliver impressive results against high expectations. Concerns mounted around ever-increasing capex outlays and financing of sizable capex commitments. The commoditized see-saw battle among five major LLMs for next generation model leadership continues. The Fund focuses on dividend-paying stocks and benefited from M&A activity and a large position in gold miner Newmont. Despite a modestly defensive posture throughout 2025, the Fund benefited from appreciating stocks that were sized as larger positions. Gold had its best year with the price of gold benefiting the Fund's position in gold miner Newmont, which was one of the top contributors. Gold served as an inflation hedge and store of value amid macroeconomic uncertainty. | NEM MS GOOG |
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| 2025 Q4 | Feb 18, 2026 | The Gabelli Global Content & Connectivity Fund | 0.2% | 27.6% | 9984.T, DTEGY, GOOG, META, MILCF, MSFT, PROSF, RCI, SATS, TDS, TMUS | AI, Communication, global, Media, technology, Telecom | AI capital expenditures communicated by company management teams again surprised to the upside over the latest earnings cycle. Analyst expectations for 2026 capex aggregated across the five largest cloud computing platforms now exceed half a trillion dollars, and these estimates have been revised 80% higher in total over the last year. Use cases for AI technology across digital media, e-commerce, infrastructure software and knowledge work are now well-established, and adoption is increasingly spreading into new, labor-intensive sectors. Global equity markets rose in the quarter, with the MSCI AC World Index up 3.4%, driven by solid corporate earnings, expectations for lower interest rates, and moderating inflation. Communication Services was among the best performing sectors (+3.4%, primarily led by strong performance in Alphabet shares). The fund focuses on global content and connectivity companies. The fund invests in companies providing connectivity infrastructure and services. Holdings include T-Mobile US, Deutsche Telekom, Rogers Communications, and other telecommunications infrastructure providers. The sector benefited from improving wireless competitive environment and continued investment in network infrastructure. | View | |
| 2025 Q4 | Feb 13, 2026 | Hinde Group | -4.0% | 29.5% | BDX, GOOG, IBKR, NBN, NFLX, UBER | AI, Brokerage, Compounding, growth, technology, value | The AI investment boom continues to be an important source of strength for the U.S. economy. Big Tech companies announced plans to spend more than $660 billion on capital expenditures in 2026, mostly for AI chips and data centers, up almost 80% from 2025. The AI investment boom stimulates economic growth through both direct impact of AI-related investments and the wealth effect of soaring values for public and private AI-related equities. Interactive Brokers delivered stellar operating results with total customer accounts and customer equity growing 32% and 37% respectively. Commission revenue grew 26% and net interest income grew 13.2% despite multiple Fed rate cuts. Higher market volatility typically drives increased trading activity among IB's customers, with the VIX averaging 18.97 for 2025. | IBKR |
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| 2025 Q4 | Feb 11, 2026 | Pershing Square Holdings | -5.4% | 20.9% | AMZN, BN, CMG, FMCC, FNMA, GOOG, HHH, HLT, HTZ, META, NKE, QSR, UBER, UMG.AS | AI, Concentration, growth, megacaps, Performance, Quality, technology, valuation | AI is having a transformative impact across portfolio companies, particularly in search, cloud computing, and digital advertising. Google's AI Overviews reach over 2 billion users globally, while AWS benefits from AI-driven compute demand requiring datacenter capacity doubling through 2027. Meta leverages AI for content recommendation and ad targeting improvements. AWS operates as the leading cloud hyperscaler in a highly concentrated market, growing 20% annually at $140 billion run-rate despite capacity constraints. The planned doubling of datacenter capacity through 2027 is expected to be rapidly absorbed by scaling AI inference workloads. Amazon operates the largest global e-commerce platform enabled by a unique logistics network fulfilling over $700 billion in gross merchandise value annually. The retail business has significant margin expansion opportunity through increasing advertising revenue mix, network density, and automation initiatives. Digital advertising represents a secularly fast-growing space with Meta as the dominant leader serving over 3.5 billion daily active users. AI-driven content recommendation systems and granular consumer behavior visibility enable highly precise ad targeting, making these platforms essential for businesses. Universal Music Group operates as a high-quality, capital-light business benefiting from greater music consumption. Streaming 2.0 deals incorporating wholesale price increases should drive higher subscription revenue growth, while AI partnerships with new platforms create additional monetization opportunities. Uber demonstrates strong momentum with 19% bookings growth and accelerating user engagement reaching new all-time highs. The company is positioned for continued teens-plus bookings growth and 30%+ earnings growth while expanding autonomous vehicle operations across 10+ cities by end of 2026. | CMG HHH QSR HTZ FNMA META GOOG AMZN UBER BN |
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| 2024 Q4 | Feb 11, 2025 | Pershing Square Holdings | - | 10.2% | BN, CMG, CPKC, FMCC, FNMA, GOOG, HHH, HLT, NKE, QSR, UBER, UMG | - | View | ||
| 2025 Q3 | Dec 9, 2025 | RGA Investment Advisors | - | - | COF, GOOG | AI, Concentration, dispersion, megacaps, Speculation | The letter highlights extreme market concentration driven by a handful of mega-cap stocks, distorting index performance and traditional valuation metrics. AI dominance and retail speculation have amplified dispersion, making equal-weighted indices a better proxy for median stock performance. Concentration creates opportunity for active managers as valuation gaps widen in underowned sectors like healthcare and select large-cap platforms. | View | |
| 2024 Q4 | Dec 31, 2024 | Vulcan Value Partners – Focus Plus | 6.3% | 26.1% | AMZN, CG, CRM, EG, GOOG, KKR, LYV | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Vulcan Value Partners – Focus Plus | 7.4% | 27.5% | AMZN, CG, CRM, EG, GOOG, KKR, PGHN SW | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Madison Sustainable Equity Fund | -2.1% | 17.4% | AAPL, ADBE, BKRP, DHR, ECL, GOOG, JPM, LIN, LLY, NEE, SCHW, TEL, UNH, V | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Madison Investors Fund | -0.4% | 16.4% | ACGL, ALC, CPRT, DLTR, ELV, GOOG, PH | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Burke Wealth Managament The Focused Growth Strategy | 2.7% | 28.4% | ADBE, AMZN, CHTR, CRWD, GOOG, NVO, SNOW, UEEC | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Bell Global Equities Fund | 8.9% | 21.7% | AVGO, GOOG, LULU, NVO | - | View | ||
| 2024 Q4 | Dec 31, 2024 | RiverPark Large Growth | 5.0% | 22.3% | ADBE, AMZN, GOOG, LLY, NFLX, NKE, NVDA, SHOP, UBER, UNH | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Parnassus Value Equity Fund | -1.5% | 12.0% | ABNB, ALGN, AMAT, AMZN, AVGO, AZN, BALL, BAX, BIIB, BK, DHI, DIS, FIS, GOOG, GPN, INTL, MU, NICE, NTR, NVO, ORCL, PGR, SCHW, TSM, V | - | View | ||
| 2024 Q4 | Dec 31, 2024 | The Gabelli Global Content & Connectivity Fund | 0.1% | 22.6% | 9984 JP, GOOG, T, TDS, TMUS | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Davis Global Fund | - | 22.7% | 005930 KS, 2318 HK, 3690 HK, AMAT, AMZN, BRK/A, COF, CVS, ENT LN, GOOG, HUM, META, MGM, TCEHY, TCOM | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Davis New York Venture Fund | - | 17.2% | AOL, GOOG, META | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Peterson Investment Fund | 8.8% | 8.8% | BRK/A, DJCO, GOOG, OXY, SRG | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Latitude Global Fund | - | - | AI FP, AZO, BP, COR, DEO, DG FP, DLTR, FGR FP, GOOG, HEIA NA, JPM, KO, MCK, RYA ID, SONY, TSCO, TXN, UEEC, ULVR LN, V, WEC | compounders, Macro, Resilience, Rotation, volatility | Dislocations driven by shifting global policy, sector rotations, and episodic volatility created opportunities to upgrade the portfolio into long-duration compounders. The manager emphasizes disciplined capital allocation amid uncertainty, focusing on resilient franchises with pricing power. Macro dispersion continues to shape relative value and entry points across global equities. | View | |
| 2024 Q4 | Dec 31, 2024 | ACATIS Investment | - | 16.2% | ADP, GOOG, NVO, PLTR, UBER, VRTX, VU FP | Artificial Intelligence, Data centers, Nuclear Energy, Power Infrastructure, semiconductors | The report highlights the accelerating global investment cycle in artificial intelligence infrastructure, emphasizing semiconductors, data centers and energy supply as critical bottlenecks in scaling AI capabilities. Management argues that exponential growth in computing power requirements and model training costs is reshaping capital allocation toward chip manufacturing equipment, grid expansion and power generation, including nuclear solutions. In this environment, ACATIS positions portfolios to benefit from structural AI-driven capex while remaining selective on valuations amid heightened market concentration. | ADP VRTX GOOG PLTR |
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| 2023 Q4 | Dec 31, 2023 | Aquamarine Fund | - | 18.7% | 1211 HK, AAPL, AMZN, AXP, BABA, BAC, BARK/A, CRISIL IN, GOOG, MA, META, MSFT, RACE IM, SRG | - | View | ||
| 2023 Q4 | Dec 31, 2023 | Latitude Global Fund | - | - | AAP, AI FP, AZO, DEO, GOOG, MCK, SONY, TSCO, WEC | ConsumerStaples, emergingmarkets, EnergyTransition, financials, OilGas | ConsumerStaples: The fund is heavily invested in global consumer staples such as Tesco, Unilever, Diageo, Imperial Brands, Heineken and Coca-Cola, where underlying earnings growth remains solid but valuations are at multi-decade lows versus the market, setting up a prospective re-rating as emerging-market demand and easing input costs drive margins higher. Energy: The portfolio owns both utilities like WEC Energy and integrated oil majors such as Shell, seeing long runways from the energy transition, infrastructure upgrades, AI-driven data-centre power demand and disciplined capital returns via buybacks funded by high free cash flow at mid-cycle oil prices. Financials: Core positions in JPMorgan, Visa, Goldman Sachs and Bank of America are viewed as structural winners that benefit from inflation-linked fee bases and post-crisis consolidation as weaker competitors exit, enabling durable ad valorem earnings growth. | View | |
| 2022 Q3 | Dec 31, 2022 | Alger Spectra Fund | 3.2% | 32.4% | AMZN, GOOG, MSFT, NTRA, TSLA | - | View | ||
| 2022 Q4 | Dec 31, 2022 | Alphyn Capital Management | 8.9% | 13.5% | ALVO, BN, EXO GR, FFX GR, GOOG, W, WAND LN | - | View | ||
| 2022 Q4 | Dec 31, 2022 | RiverPark Large Growth | 3.7% | 16.4% | AMZN, GOOG, ISRG, MA, NFLX, NKE, PYPL, SCHW | - | View | ||
| 2022 Q4 | Dec 31, 2022 | Diamond Hill Large Cap Strategy | 12.1% | -13.1% | ABT, AIG, AMZN, CAT, COP, FCX, GOOG, HD, MSFT, TFC, UNP | - | View | ||
| 2022 Q4 | Dec 31, 2022 | Aquamarine Fund | - | -21.0% | 1211 HK, AXP, BAC, BRK/A, CDLX, CVNA, GOOG, IEX IN, MKL, NESN SW, OXY, RACE IM, ROKU, SNOW, SQ, TSLA | - | View | ||
| 2022 Q4 | Dec 31, 2022 | Harry Qelm Baabsman Ltd | - | - | BIRD, GOOG, HFG GR, TPIC, ZAL GR | - | View | ||
| 2021 Q4 | Dec 31, 2021 | Aquamarine Fund | - | 23.8% | 1211 HK, AAPL, AMZN, AXP, BAC, BRK/A, FDJ FP, GOOG, IEX IN, MA, MSFT, NESN SW, NET, TSLA, WE, ZM | - | View | ||
| 2018 Q4 | Dec 31, 2018 | Aquamarine Fund | - | -13.3% | AAPL, AMZN, AXP, BAC, BRK/A, COST, DUFF, GM, GOOG, JPM, RACE IM, TSLA | - | View | ||
| 2014 Q4 | Dec 31, 2014 | Aquamarine Fund | - | 5.5% | AXP, BRK/A, C, ENLC, GOOG, META, NTRS, UBSG SW | - | View | ||
| 2025 Q3 | Dec 15, 2025 | Qualivian Investment Partners | 6.4% | - | APH, BN, BRO, CPRT, GOOG, MCO, ORLY, TJX | Behavioral Finance, Capital Allocation, Compounding, moats, Quality | The commentary reinforces quality compounders as the most reliable path to long-term outperformance, drawing parallels between stock markets and probability-weighted betting outcomes. High-probability businesses with strong moats, pricing power, and capital allocation discipline are favored over speculative long shots. Behavioral biases are cited as a persistent reason why quality stocks can remain mispriced. | View | |
| 2023 Q3 | Dec 10, 2023 | Wedgewood Partners | 5.8% | 22.4% | AAPL, COP, DHR, EW, GOOG, MSI, ORLY, PYPL, TSM | - | View | ||
| 2023 Q2 | Dec 7, 2023 | Madison Sustainable Equity Fund | 6.1% | 20.1% | DHR, ECL, GOOG, HD, JPM, LLY, NKE, ORCL, PGR, TGT, USB | - | View | ||
| 2022 Q4 | Dec 1, 2023 | Concentrated Compounding | 0.0% | 0.0% | AMZN, BRK/A, CHTR, CSU CN, EPD, FRC, GOOG, MA, RADI, TDG, V | - | View | ||
| 2025 Q3 | Nov 8, 2025 | Loomis Sayles Global Growth Fund | 7.6% | 21.3% | ADYEN NA, GOOG, MELI, NFLX, ORCL, TSLA | Cloud, Digital Advertising, E-Commerce, EVs, growth | The fund focuses on high-quality global growth companies with durable competitive advantages and structural growth drivers. Secular adoption curves in cloud computing, digital advertising, EVs, and e-commerce underpin long-term return potential despite near-term volatility. The portfolio manager emphasizes valuation discipline, owning businesses only when they trade at meaningful discounts to intrinsic value. | LFCR |
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| 2025 Q3 | Nov 8, 2025 | Brown Advisors Global Leaders Strategy | 0.5% | 13.0% | ALLE, ASML, BBCA IJ, GE, GOOG, INTU, LSEG LN, MRVL, TSM, WDAY, WKL NA | GLP-1 | The strategy underperformed due to not owning leading AI beneficiaries such as NVIDIA, Broadcom, and Oracle during an AI-driven rally. The letter provides extensive evaluation of AIs impact on SaaS, data providers, and financial-market infrastructure, arguing that incumbents with proprietary data and system-of-record advantages will ultimately win. AI is reshaping valuation frameworks, competitive threats, and capital allocation decisions across the portfolio. | WDAY BBCA IJ TSLA |
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| 2025 Q3 | Nov 8, 2025 | Baron Durable Advantage Fund | 5.5% | 13.3% | GOOG, INTU, LPLA, META, MSFT, NVDA, SPGI, TSM | AI, Hyperscalers, infrastructure, semiconductors, Valuations | The letter describes an accelerating cycle of AI infrastructure investment, highlighted by massive multi-billion-dollar commitments from Oracle, NVIDIA, Meta, and other hyperscalers. Despite comparisons to past bubbles, the manager argues valuations remain rational and AI demand is broad-based, with leading platforms showing durable competitive moats. The fund remains focused on high-quality compounders positioned to benefit from long-term AI adoption. | TSM NVDA GOOGL LOAR VRSK |
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| 2025 Q3 | Nov 5, 2025 | PGIM Jennison Global Opportunities Fund | 5.3% | 9.8% | 1810 HK, APP, GOOG, HOOD, LLY, MELI, NOW, NVDA, ORCL, SHOP, TSM | Artificial Intelligence, Cloud Computing, Digital Platforms, semiconductors, technology | The fund focuses on global growth leaders benefiting from secular AI adoption and innovation-led earnings expansion. Top contributors included NVIDIA, AppLovin, and TSMC, while weakness came from Netflix and MercadoLibre. Jennison remains overweight technology and communication services, expecting durable growth from cloud, semiconductors, and digital platforms. | View | |
| 2025 Q3 | Nov 30, 2025 | Rothschild & Co LongRun Equity Fund | 3.9% | -4.0% | AMZN, CDNS, GOOG, SNPS | Capital Allocation, Compounding, Pricing Power, Quality, returns on capital | The letter centers on long-term ownership of high-quality businesses with durable competitive advantages and strong capital allocation. Compounding earnings, pricing power, and high returns on capital are emphasized over short-term market movements. Valuation discipline is applied within a quality framework to preserve capital and drive long-run returns. | View | |
| 2025 Q3 | Nov 27, 2025 | FPA Source Capital | 4.6% | 13.5% | C, GOOG, IFF, JDE GR, KMX | CashFlow, credit, Quality, Spreads, value | Source Capital stresses valuation discipline in both equities and credit amid stretched spreads and crowding in risk assets. The fund favors businesses demonstrating margin resilience, free-cash-flow visibility, and improving returns on capital. Credit markets price perfection, offering little compensation for impairment risk at historically low spreads. | KMX IFF |
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| 2025 Q3 | Nov 16, 2025 | The Gabelli Global Content & Connectivity Fund | 12.3% | - | AD, ATEX, DTE, GOOG, PRX, TIGO | Broadband, Connectivity, Data, infrastructure, Streaming | The letter highlights structural demand for connectivity driven by streaming, cloud, mobile data, and network infrastructure upgrades. Companies enabling content distribution, broadband expansion, and digital platforms benefit from recurring revenue models and rising global consumption of data. The strategy favors competitively advantaged firms positioned to capture long-term secular growth in digital communication. | View | |
| 2025 Q3 | Nov 13, 2025 | RiverPark Large Growth | 4.7% | 11.6% | AAPL, DIS, GOOG, INTU, ISRG, NFLX, NOW, NVDA, SHOP, TSM | AI, Cloud, DataCenters, semiconductors, software | AI and cloud computing remained dominant growth drivers across mega-cap technology, fueling strong results for Alphabet, NVIDIA, TSMC, and others. The letter emphasizes accelerating AI monetization across advertising, hardware, and software ecosystems, sustaining high-margin growth. AI infrastructure demand continues to underpin semiconductor strength and platform engagement. | View | |
| 2025 Q3 | Nov 13, 2025 | RiverPark Long/Short Opportunity Fund | 4.2% | 8.3% | APPL, GOOG, ISRG, NFLX, NOW, NVDA | AI, Cloud, megacaps, semiconductors, software | AI-driven momentum shaped both long and short performance, with mega-cap AI beneficiaries leading gains and software names experiencing sentiment-driven compression. The strategy highlights AI as the key secular theme influencing both portfolio construction and market leadership. AI hardware and cloud infrastructure continue to dominate capital flows and equity dispersion. | View | |
| 2023 Q3 | Nov 10, 2023 | ClearBridge Investments All Cap Growth | 0.0% | 0.0% | GOOG, SBUX, TGT, UNP | - | View | ||
| 2024 Q3 | Oct 8, 2024 | Alphyn Capital Management | 8.9% | 13.5% | AMZN, BN, CCOI, CRTA LN, FFH CN, GOOG, KKR, MRO LN, OCSL, PRX NA | - | View | ||
| 2025 Q3 | Oct 7, 2025 | Mar Vista US Quality Select | 6.4% | 16.1% | AAPL, ADBE, GOOG, INTU, MCO, NVDA, SAP | Artificial Intelligence, diversification, Growth Stocks, technology, valuation | The fund emphasizes owning a concentrated portfolio of exceptional U.S. businesses with durable competitive advantages. High returns on capital, pricing power, and disciplined management underpin long-term value creation. Quality is viewed as the most reliable driver of compounding through cycles. | View | |
| 2024 Q3 | Oct 7, 2024 | Nightview Capital | 0.0% | 0.0% | AAPL, ABNB, AMZN, BLK, DKNG, GOOG, GS, H, LVS, META, MGM, MS, NFLX, QCOM, SCHW, TSLA, TSM, WYNN | - | View | ||
| 2025 Q3 | Oct 31, 2025 | FPA Crescent Fund | 5.5% | 14.1% | C, GOOG, IFF, JDE GR, KMX | Compounding, diversification, equities, Quality, value | FPA Crescent continues its flexible value approach across equities and credit, balancing defensive positioning with selective growth exposure. The fund maintained holdings in global franchises like Alphabet and Meta while highlighting opportunities in undervalued cyclicals like Citigroup and CarMax. Its disciplined research-driven framework aims to deliver risk-adjusted returns through diverse market environments. | View | |
| 2023 Q3 | Oct 31, 2023 | The London Company Large Cap | 8.1% | 14.6% | ALB, GOOG, MLM, NEU, NSC, ODFL | - | View | ||
| 2023 Q3 | Oct 31, 2023 | Ensemble Capital | 0.0% | 8.0% | ADI, BKNG, BR, GOOG, ILMN, MA, MASI, NFLX | - | View | ||
| 2025 Q3 | Oct 30, 2025 | Troy Multi-Asset Strategy | - | - | GOOG, MSFT | AI, gold, inflation, Speculation, valuation | AI: The letter warns of speculative excess reminiscent of the dot-com era. AI spending is massive, vendor-financed, and may not justify current equity valuations. Valuation: Market-wide multiples, especially the CAPE ratio near 40x, signal stretched valuations. Defensive sectors remain undervalued despite resilient fundamentals. Gold: Gold remains a long-term store of value and portfolio hedge, supported by central-bank accumulation, fiscal deterioration, and geopolitical risk. Trimmed modestly after a sharp rise, but remains a core holding. | View | |
| 2025 Q3 | Oct 30, 2025 | Trojan Fund from Troy Asset Management | - | - | AMD, GOOG, MSFT, ORCL | Capitalpreservation, diversification, inflation, Resilience, risk | The Trojan Fund reiterates its core objective of capital preservation with steady real returns across market cycles. The letter highlights caution toward overvalued assets, emphasizing resilience, downside protection, and diversification. Capital-focused investing remains relevant as macro uncertainty and valuation risk persist. | View | |
| 2025 Q3 | Oct 28, 2025 | Alphyn Capital Management | 3.0% | 11.2% | BN, BUR LN, CCOI, CRTA, FFH CN, GOOG, MRO LN, PRX NA, ROKOB SS, TVK CN | Artificial Intelligence, Capital Allocation, Compounding, gold, infrastructure | The fund highlighted AI as both a direct and indirect driver of returns through holdings like Alphabet, Amazon, and Brookfield, emphasizing infrastructure-led investment in data centers and renewable power. Management focused on disciplined capital allocation and compounding engines such as Prosus and Roko, which leverage scalable acquisition models. The letter also discussed golds strong rally amid fiscal deficits and currency debasement fears, framing it as a hedge against macro volatility. | CRTA LN FFH CN CCOI BUR TVK CN MRO LN BN GOOGL CRTA LN FFH CN CCOI TVK CN MRO LN BN GOOGL |
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| 2025 Q3 | Oct 28, 2025 | The London Company Large Cap | 6.2% | 8.1% | BRKR, EQH, FI, GOOG, NEU, ODFL, PGR, TEL | Artificial Intelligence, earnings, financials, Quality Investing, value | The portfolio modestly underperformed the benchmark as concentration in megacaps and volatility favored speculative names. Strong contributions from Alphabet and TE Connectivity reflected AI adoption and efficiency gains, while Fiserv and Progressive weighed on results. Management expects a rotation back toward quality and value discipline as valuations and concentration risks heighten in AI-driven markets. | EQH GOOG EQH GOOG |
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| 2025 Q3 | Oct 28, 2025 | Hotchkis & Wiley Global Value Fund | 5.3% | 19.2% | CMCSA, ELV, GOOG, JDEP NA, WBD, WPP LN | Cloud Computing, Communication Services, Growth Stocks, semiconductors, tariffs | AI: AI infrastructure spending in semiconductors, hardware, and cloud drove earnings and performance leadership. Trade: Global equities advanced despite tariff risks and policy uncertainty, with volatility rising but North America outperforming. Value: Growth outperformed value amid investor preference for secular visibility and scale. | View | |
| 2025 Q3 | Oct 28, 2025 | Harris Associates Concentrated Strategy | 2.4% | 6.2% | CRM, GOOG, IQV, KDP, MOH, WBD | Artificial Intelligence, Cloud, healthcare, Media, U.S. Equities | U.S. equities rose on tech strength, with key contributors Warner Bros Discovery and Alphabet benefiting from M&A speculation and AI-driven cloud growth. IQVIAs analytics and clinical research platform also advanced due to next-gen data capabilities. While detractors included Keurig Dr Pepper and Molina Healthcare, management remains focused on concentrated, high-conviction holdings tied to AI innovation and healthcare recovery. | CRM MOH KDP IQV GOOGL WBD CRM MOH KDP IQV GOOGL WBD |
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| 2024 Q3 | Oct 28, 2024 | Parnassus Core Equity Fund | 5.5% | 18.2% | ADBE, AMAT, AMZN, CHTR, DHI, GOOG, ICE, INTC, MU, O, SHW, SNPS, SYK, WM | - | View | ||
| 2024 Q3 | Oct 28, 2024 | Parnassus Value Equity Fund | 7.3% | 13.7% | AMZN, AXP, BIIB, BK, CBRE, CHTR, DHI, GOOG, INTC, MU, ORCL, PGR, SCHW, UNH | - | View | ||
| 2022 Q3 | Oct 26, 2022 | Diamond Hill Large Cap Strategy | 7.9% | 14.7% | ABT, AIG, COP, DE, GOOG, NDAQ, PFE, SYK, VFC | - | View | ||
| 2025 Q3 | Oct 23, 2025 | Semper Augustus | 3.3% | 19.7% | BRK/A, GOOG, HEIO NA, NESN SW, PM | capital preservation, cash flow, durability, Financial Strength, Quality | The letter stresses ownership of high-quality businesses with strong balance sheets and resilient cash flows. Management prioritizes downside resilience and business durability over short-term market narratives. Quality is presented as a defensive yet compounding-oriented strategy. | NESN SW PM GOOG |
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| 2024 Q3 | Oct 23, 2024 | Polen Capital – Focus Growth | 3.0% | 11.0% | ABNB, APPL, CRM, GOOG, MSCI, NKE, NOW, NVDA, ORCL, PAYC, SHOP, TSLA | - | View | ||
| 2024 Q3 | Oct 23, 2024 | Polen Capital – Global SMID Company Growth | 3.5% | 9.5% | AMZN, AON, GOOG, MSCI, NVO, ORCL, SAP GR, SHOP | - | View | ||
| 2025 Q3 | Oct 22, 2025 | Kovitz Core Equity Strategy | - | 8.2% | ALC, COO, FI, GOOG, KMX, ORCL, PM, PPG, RYAN, TSLA, WAT | AI, Compounding, Health Care, Quality, valuation | Kovitz highlights market concentration in AI and mega-cap technology stocks while maintaining a valuation-disciplined focus on quality compounders. The strategy increased exposure to healthcare and insurance names like Alcon and Ryan Specialty after taking profits in Oracle. The team stresses long-term fundamentals and risk discipline amid elevated valuations and AI euphoria. | WAT RYAN COO ALC ORCL WAT RYAN COO ALC ORCL |
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| 2025 Q3 | Oct 22, 2025 | First Eagle Global Fund | 8.9% | 24.9% | 7309 JP, CHRW, CMCSA, CRM, ELV, GOOG, ORCL, PM | AI, Cloud, Fiscal Deficit, geopolitics, gold | The Global Fund outperformed its benchmark with gains in gold, AI-driven technology, and Asian equities. Holdings in Oracle, Alphabet, and Alibaba benefited from AI and cloud expansion, while gold exposure provided a hedge against fiscal deficits and currency debasement. Managers stress disciplined capital recycling and valuation awareness amid rising geopolitical and debt risks. | CRM CMCSA PM ELV 7309 JP CHRW BABA GOOG ORCL CRM CMCSA PM ELV 7309 JP CHRW BABA GOOG ORCL |
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| 2025 Q3 | Oct 21, 2025 | Renaissance Investment Management – Large Cap Growth | - | - | APP, CTAS, FI, FIX, GOOG, IT, TPR, TW | AI, diversification, Large Caps, technology, valuation | U.S. large caps hit new highs as tech and AI continue to lead performance. Companies like Alphabet and AppLovin benefit from AI monetization, while investors face valuation concerns as mega-caps dominate indices. The managers emphasize diversification and quality growth selection amid elevated valuations. | View | |
| 2022 Q3 | Oct 21, 2022 | Bretton Fund | 10.0% | 0.0% | AMNF, AXP, AZO, BRK/A, DFH, GOOG, JPM, MA, MCO, MSFT, NVR, PGR, PKI, PRK, ROST, SPGI, TJX, UNH, UNP, V | - | View | ||
| 2025 Q3 | Oct 20, 2025 | Alpha Wealth Funds – The Insiders Fund | - | 14.8% | AMAT, AMD, APP, AXON, ET, GOOG, INTC, LLY, MRVL, ROK | Artificial Intelligence, Energy Infrastructure, healthcare, insider buying, semiconductors | The fund returned 21% YTD, led by strong gains in Alphabet, Intel, and Applied Materials as AI and semiconductor momentum accelerated. Managers emphasized insider buying across key holdings, particularly in Eli Lilly and Marvell Technology. The letter frames AI as the decades defining opportunity while maintaining diversification through healthcare and energy infrastructure plays. | MRVL AMD INTC AMAT LLY APPF ROK AXON ET GOOG MRVL AMD INTC AMAT LLY APPF ROK AXON ET GOOG |
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| 2025 Q3 | Oct 20, 2025 | Sands Capital Global Growth Fund | -2.0% | 12.2% | AXON, CVNA, DXCM, GALD SW, GOOG, III LN, IMCD NA, ISRG, NFLX, NVDA, RGEN, SHOP, SIKA SW, TEAM, TSM | Artificial Intelligence, E-Commerce, Global Growth, healthcare, semiconductors | The fund emphasizes durable global growth from AI infrastructure, digital platforms, and healthcare innovation. NVIDIA, Alphabet, and TSMC lead performance as AI capital investment accelerates worldwide. Managers added new positions in Galderma and 3i Group to balance cyclical risk while maintaining exposure to long-term technology and consumer adoption trends. | TEAM DEXCOM INTU NFLX AXON GALD SHOP GOOGL NVDA |
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| 2025 Q3 | Oct 20, 2025 | Sands Capital Select Growth Fund | 6.3% | 22.1% | AAP, AVGO, DXCM, GOOG, ICE, NFLX, NOW, NVDA, ORCL, RBLX, TEAM, TSM | Artificial Intelligence, Cloud infrastructure, E-Commerce, semiconductors, software | AI-driven capital spending and infrastructure buildouts dominated the portfolios focus, with holdings in NVIDIA, Broadcom, and Oracle leading performance. Managers increased exposure to cloud and software platforms poised for monetization of AI capabilities. Consumer internet and e-commerce holdings like Roblox and Amazon provided diversification amid cyclical volatility. | View | |
| 2025 Q3 | Oct 20, 2025 | Pelican Bay Capital Management | 7.8% | 11.2% | CPAY, ELV, EOG, FIS, GOOG, ODFL, UNH | AI, Freight, gold, Health Insurance, value | Pelican Bay reports strong returns from gold miners and AI-linked technology companies, including Barrick and Micron. The fund initiated new positions in Old Dominion Freight and Elevance Health, emphasizing durable competitive advantages, strong balance sheets, and discounted valuations. Management expects normalization in healthcare margins and sees long-term compounding potential in quality value stocks. | ELV ODFL GOOG MU ELV ODFL MU |
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| 2023 Q3 | Oct 20, 2023 | Bretton Fund | 10.0% | 0.0% | AXP, GOOG | - | View | ||
| 2025 Q3 | Oct 2, 2025 | Middle Coast Investing | - | - | AL, AVGO, BHF, CPAY, ECG, FILA IM, GOGO, GOOG, HI, LULU, LYFT, PGR, TFSL, TRIP | AI, Alphabet, Automation, Broadcom, M&A | The letter focuses on opportunistic value investing driven by company-specific fundamentals rather than macro forecasts. Mispricing created by fear, forced selling, or neglect is seen as the primary source of return. Patience and independent thinking are central to the process. | AL US TFSL US BHF US HI US GOGO US CORP US |
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| 2024 Q3 | Oct 2, 2024 | The London Company Large Cap | 8.1% | 14.6% | BLK, CB, CSCO, FDX, FI, GOOG, ORLY, PGR, SCHW, TEL | - | View | ||
| 2025 Q3 | Oct 19, 2025 | American Century Equity Income Fund | 5.3% | - | AMT, CRH, GOOG, JNJ, KVUE, NSC, PCAR | AI, Consumer Staples, dividends, Health Care, infrastructure | AI investments and data center expansion supported utilities and industrials, contributing to portfolio strength. The fund emphasized quality dividend payers in consumer staples and health care as defensive plays amid inflation and policy uncertainty. Infrastructure demand from AI computing and transportation consolidation also provided tailwinds. | View | |
| 2023 Q3 | Oct 19, 2023 | Polen Capital – Global SMID Company Growth | 3.5% | 9.5% | 0PMJ LN, ADBE, GOOG, ICON, LVMHF, MSCI, NOVOB DC | - | View | ||
| 2023 Q3 | Oct 18, 2023 | Nightview Capital | -7.2% | 61.5% | AMZN, GOOG, TSLA | - | View | ||
| 2025 Q3 | Oct 16, 2025 | Magellan Global Fund | 0.0% | - | CME, CMG, GOOG, TSM | Artificial Intelligence, Defensive Growth, Derivatives, Digital infrastructure, Quality Investing | The Global Fund continues to emphasize quality growth stocks with exposure to secular AI and digital trends, while balancing risk with defensives like Nestlé and Eversource. Management notes strong fundamentals across tech leaders but warns against speculative excess. The fund highlights CME Group as a core holding that benefits from volatility and rising retail derivatives activity. | CME |
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| 2025 Q3 | Oct 16, 2025 | Platinum International Technology Fund | 6.0% | - | GOOG, ISRG, META | Artificial Intelligence, Big tech, Cloud Computing, disruption, infrastructure | The funds AI infrastructure holdings such as Nvidia, TSMC, and Broadcom drove performance, while it reduced exposure to overvalued mega-cap techs. Platinum warns of structural disruption to Alphabet and Meta from ChatGPT and highlights agentic commerce as the next advertising frontier. The manager remains invested in AI and diversified secular growth areas like medtech, fintech, and defense tech. | View | |
| 2025 Q3 | Oct 16, 2025 | Brown Advisory Large-Cap Growth Strategy | -0.9% | 6.5% | CDNS, FICO, GOOG, INTU, IOT, ISRG, MRVL, NFLX, NVDA, TTD, WDAY, WST | Artificial Intelligence, Large Caps, quality growth, semiconductors, software | The letter discusses how AI-driven enthusiasm has concentrated market returns among a few Magnificent Seven stocks, raising valuation risks. Brown Advisory focuses on owning durable growth companies that integrate AI productively while avoiding speculative momentum plays. The strategy emphasizes quality growth, diversification, and resilience across technology, industrials, and healthcare sectors. | View | |
| 2024 Q3 | Oct 16, 2024 | Wedgewood Partners | 5.8% | 22.4% | AAPL, CDW, CPRT, EW, GOOG, META, MSFT, MSI, POWL, PYPL, UNH | - | View | ||
| 2025 Q3 | Oct 15, 2025 | Upslope Capital Management | 8.8% | 12.5% | 8697 JP, BIO, CHG LN, DPLM LN, EVR, FCN, GOOG, HOLN SW, HSY, IMXI, INTC, KDEF, MKTX, SMIN LN, STE, TDY, WST | AI, defense, healthcare, Quality, valuation | Upslope remains cautious as valuations stretch and shorting speculative names becomes difficult. The fund adds defensive longs in healthcare and new exposure to the Korea Defense ETF, citing global security and cost advantages. Its positioning favors durable, high-quality businesses poised to outperform when speculative excess fades. | View | |
| 2025 Q3 | Oct 15, 2025 | Parnassus Core Equity Fund | 2.6% | - | AAPL, AZO, BRO, BSX, DE, FI, GOOG, GWW, ICE, INTU, KLA GR, ORCL, TMO | Artificial Intelligence, quality growth, semiconductors, software, U.S. Equities | The fund remains bullish on U.S. equities, supported by resilient earnings and transformative AI infrastructure investment. It balances defensive holdings with strategic exposure to semiconductors and software leaders benefiting from rising AI monetization. The managers emphasize disciplined allocation toward high-quality, durable franchises capable of compounding through market cycles. | GWW US BSX US |
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| 2025 Q3 | Oct 15, 2025 | Madison Sustainable Equity Fund | 6.5% | 8.2% | AMZN, ANET, COST, GOOG, LLY, ORCL, PLAN CN, TEL, TJX, TXN, V | Artificial Intelligence, Cloud Computing, Esg, sustainability, technology | Madison underscores the integration of AI and sustainability within high-quality, large-cap equities. It highlights Oracle, Alphabet, Arista, and TE Connectivity as key beneficiaries of AI infrastructure growth and cloud expansion, while emphasizing ESG leadership at firms like Amazon, Microsoft, and Linde. The funds outlook favors technology and communication services, expecting AI adoption and sustainability initiatives to drive multi-year earnings growth. | TJX TEL ANET GOOGL ORCL |
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| 2023 Q3 | Oct 15, 2023 | Madison Sustainable Equity Fund | 6.1% | 20.1% | ADI, DIS, GOOG, HD, J, LLY, NEE, PEP, TXN, UNH | - | View | ||
| 2025 Q3 | Oct 14, 2025 | Wedgewood Partners | 5.9% | 6.2% | BKNG, CDW, CPRT, GOOG, META, MSFT, PYPL, TSM | Artificial Intelligence, Data centers, energy, Leverage, semiconductors | Wedgewood warns of an unsustainable AI capital spending boom reminiscent of past tech bubbles. It highlights mounting corporate leverage and grid strain from AI data center expansion, raising concerns about long-term returns. The letter praises firms like TSMC, Microsoft, and Meta for disciplined execution but cautions that AIs debt-fueled growth could become cyclical. | MSFT US META US PYPL US GOOGL US |
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| 2025 Q3 | Oct 14, 2025 | Vulcan Value Partners – Focus Plus | 3.7% | 7.0% | FI, GOOG, MEDP | Artificial Intelligence, Cloud, Enterprise, software, value | Alphabet continued to deliver robust results driven by AI expansion and favorable legal outcomes, while Salesforce underperformed due to investor skepticism about AI monetization. Vulcan maintains confidence in Salesforces entrenched enterprise software ecosystem and sees AI as an enhancer of long-term profitability. | Salesforce Inc GOOGL US |
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| 2025 Q3 | Oct 14, 2025 | Vulcan Value Partners – Focus Plus | 3.7% | 6.1% | CRM, GOOG, UNH | Artificial Intelligence, Defensive Growth, healthcare, Quality, regulation | The funds performance benefited from Alphabet and UnitedHealth, both positioned for durable growth and strong cash generation. While Alphabet faced regulatory and AI disruption risks, its fundamentals remain robust. UnitedHealth rebounded sharply as guidance and Medicare ratings stabilized, supporting the case for long-term defensive compounding. | Salesforce Inc UNH US GOOGL US |
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| 2025 Q3 | Oct 14, 2025 | Vulcan Value Partners – Large Cap | 4.6% | 9.5% | CBRE, FI, GOOG, KMX, MEDP | Buybacks, fundamentals, Quality, tariffs, value | The letter highlights disciplined investing in stable value companies like Fiserv and CBRE, focusing on margin of safety and repurchases at attractive valuations. Volatility from tariff-related uncertainty provided opportunities to redeploy capital toward discounted high-quality businesses. Vulcan stresses fundamentals over short-term macro trends. | GOOGL MEDP FISV |
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| 2025 Q3 | Oct 14, 2025 | Parnassus Growth Equity Fund | 5.8% | - | AAPL, APPF, ASML, BRO, CMG, CRM, DE, GOOG, INSM, INTU, MELI, PODD, SARP, TSM | Artificial Intelligence, growth, healthcare, inflation, semiconductors | The fund underperformed the Russell 1000 Growth Index due to underweight positions in Apple and Tesla but gained from holdings in Alphabet, ASML, and TSMC. It highlights AI infrastructure buildout, healthcare innovation, and defensive growth through high-quality companies like Insulet and StandardAero. Management remains bullish on U.S. equities while monitoring inflation and monetization risks from AI. | PODD US SARO US |
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| 2025 Q3 | Oct 14, 2025 | Harding Loevner Global Equity | 2.5% | 10.6% | ACN, GOOG, ORCL, TSM | Artificial Intelligence, diversification, healthcare, technology, valuation | AI-driven capital spending dominated market momentum, but the fund stresses valuation discipline and sector diversification. It highlights risks of overinvestment in speculative AI ventures and emphasizes healthcare as a secular growth engine supported by demographics and innovation. Exposure to Accenture and Thermo Fisher reflects conviction in durable, high-quality earnings. | TCEHY US GOOGL US TMO US ELV US VRTX US ACN US |
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| 2025 Q3 | Oct 13, 2025 | GreensKeeper Value Fund | 4.0% | 0.2% | ADBE, CBOE, FI, GD, GOOG, ICLR, NVO CN | Canada Economy, Capitalism, Free Trade, innovation, Protectionism | GreensKeeper defends capitalism and free-trade principles amid rising nationalism and protectionism. It argues that open markets and creative destruction remain the foundation of prosperity and peace, contrasting with Europes state-directed inefficiencies. In Canada, the fund calls for dismantling oligopolies and embracing competition to unlock economic potential. | ADBE NVO FI GD ICLR GOOG |
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| 2022 Q3 | Oct 13, 2022 | Mayar Capital | 7.7% | 9.6% | GOOG | - | View | ||
| 2025 Q3 | Oct 10, 2025 | The Bristlemoon Global Fund | 5.0% | - | ASML NA, GOOG, PAR, SNPS | AI, Chips, Lithography, semiconductors, software | The fund discusses opportunities in semiconductors, highlighting ASMLs monopoly position in lithography amid AI-driven chip demand and cyclical mispricing. Alphabet is analyzed as an AI platform reinventing itself through Gemini models and monetizing AI search without disrupting core advertising economics. Synopsys is positioned as a resilient picks-and-shovels play in chip design, benefiting from structural AI hardware demand. | PAR UN SNPS US GOOGL US ASML NA |
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| 2025 Q3 | Oct 10, 2025 | Oakmark Fund- International Small Cap | 3.2% | 8.9% | CNC, GOOG, TRGP, UNP | Artificial Intelligence, energy, financials, industrials, Value Investing | Oakmark highlights continued strength in financials and energy while staying underweight in technology, emphasizing valuation discipline amid concentrated AI-driven markets. Top contributors included Alphabet and Citigroup, reflecting confidence in durable AI monetization and financial normalization. The fund added Targa Resources and Union Pacific, underscoring interest in quality cyclicals with infrastructure and logistics exposure. | UNP US TRGP US |
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| 2024 Q3 | Oct 10, 2024 | GreensKeeper Value Fund | 4.7% | 16.7% | AXP, BRK/A, FI, GOOG, MRK | - | View | ||
| 2023 Q3 | Oct 10, 2023 | Oakmark Global Fund | 7.5% | 0.0% | 0R0K LN, BC, CHTR, GOOG, ORCL, SJPETLD LN | - | View | ||
| 2023 Q3 | Oct 10, 2023 | Oakmark Global Select Fund | -1.9% | - | CNHI, GOOG | - | View | ||
| 2022 Q3 | Oct 10, 2022 | Merion Road Capital | 5.4% | 11.2% | CRMT, FERG, GOOG, PTON, SIX | - | View | ||
| 2022 Q3 | Oct 10, 2022 | RiverPark Large Growth | 3.7% | 16.4% | BKNG, FIVN, GOOG, INTU, NFLX, NKE, NOW, PINS, PYPL, RNG, SCHW PR D, SNAP, UBER, V, WDAY | - | View | ||
| 2022 Q3 | Oct 10, 2022 | Wedgewood Partners | 5.8% | 22.4% | AAPL, CPRT, EW, FB2A, GOOG, MSI, PYPL, TPL, TSM, V | - | View | ||
| 2024 Q3 | Oct 1, 2024 | Minion Capital | 0.0% | 0.0% | BRZE, GOOG, LEAP | - | View | ||
| 2023 Q4 | Oct 1, 2024 | Tsai Capital | 0.0% | 55.1% | AAPL, AMZN, COST, GOOG, TSLA | - | View | ||
| 2025 Q4 | Jan 9, 2026 | Middle Coast Investing | 2.7% | 16.9% | AAPL, ABM, AER, AMZN, APOG, ATKR, ATRO, AVGO, BHF, CCK, COF, CPAY, ECG, FG, GOGO, GOOG, HI, HNI, HURC, LULU, LYFT, MLKN, OMAB, PAGS, PGR, PTLO, SCHW, TRIP, WS | Bottom-up, Cash, Defensive, Office Furniture, risk management, value | Manager emphasizes bottom-up investing approach, looking for companies that will do better in years ahead when stocks are priced attractively. Seeks good companies at fair prices to protect against market struggles while avoiding missing big years. Primary goal is to avoid blowing up and survive through bad times. Uses rules like not buying whole positions at once, demanding 50% upside, watching leverage, and knowing when to double down. Maintains defensive portfolio positioning. Decade-long investment theme in office furniture companies including Kimball International, Steelcase, and HNI Corporation. Believes return to office theme hasn't played out but might be soon, with order growth showing improvement across major players. | View | |
| 2024 Q4 | Jan 7, 2025 | Montaka Global Investments | - | - | GOOG, MC FP, MDB, NOW, SPGI | - | View | ||
| 2025 Q4 | Jan 6, 2026 | Tapasya Investment Fund | 0.0% | 23.5% | 0700.HK, ADBE, ADYEN.AS, BABA, BLDR, CMG, CVNA, FNMA, GLBE, GOOG, IBKR, LULU, PRX.AS, UMG.AS | AI, Concentration, global, Homebuilders, long-term, Quality, technology, value | The manager extensively discusses whether we are in an AI bubble, noting that AI appears to be the most significant digital disruptor of our lifetime. While acknowledging extremely stretched valuations in AI-associated hardware and semiconductors, the fund avoids these sectors due to inability to forecast cash flows confidently. The fund employs value-based investing principles, focusing on concentrated investments in high-quality businesses at fair valuations. The manager notes they often underperform during periods of extreme sectoral valuation surges but expects long-term success from this approach. The anticipated recovery in the homebuilder sector has stalled due to persistent affordability issues driven by high home prices, despite lower interest rates and strong wages. The fund maintains conviction in Builder FirstSource despite the housing market recession. | View | |
| 2025 Q4 | Jan 31, 2026 | White Brook Capital | 0.0% | 0.0% | BLDR, FND, GOOG, JAKK, MSFT, MSTR, NVDA, PTLO, RPID, TSM | AI, crypto, growth, healthcare, inflation, semiconductors, small caps, value | The efficacy of AI expenditures started to be questioned during Q4 2025. Companies like Microsoft continue spending aggressively on cloud capacity, but value is now considered in customer context. The increasing competence of AI in performing tasks has begun impacting the software as a service sector, creating temporary losers in what was once an all-winners environment. Bitcoin treasury companies represent an ongoing investor mania that appears to be ending. These companies that turn bitcoin into stocks now trade meaningfully below the value of their bitcoin reserves, having broken the buck. They are trapped, unable to sell bitcoin to buy back shares or sell stock to buy bitcoin without driving down prices. The Small Cap Absolute Growth Strategy vastly exceeded expectations in 2025. Small and micro cap stocks offer potential for high returns for diligent, patient, and active investors. The strategy is concentrated in healthcare sector with 8 of the positions in healthcare, particularly technology, equipment, and tools industries. The manager owns Nvidia Corp and Taiwan Semiconductor Manufacturing Corporation as best in class operators in the process of realizing a double, based on earnings growth due to their ability to extract the last of the rents from the artificial intelligence investment wave. | View | |
| 2024 Q4 | Jan 3, 2025 | Van Der Mandele Arar Fund | - | - | 327 HK, 4QX GR, 5753 JP, AWE LN, BFIT NA, FGCO, GOOG, JFIN, PAY CN | - | View | ||
| 2024 Q4 | Jan 3, 2025 | Rodrigo Benedetti | - | - | AMZN, APP, AVDA, CIEN, GOOG, META, MSFT, TMDX, TSLA | - | View | ||
| 2024 Q4 | Jan 3, 2025 | Ghosh Capital | 11.4% | - | ADBE, GOOG, MU, TEAM | - | View | ||
| 2025 Q4 | Jan 29, 2026 | Merion Road Capital | 8.5% | 9.2% | ACNT, AMZN, BELFA, BUKS, GOOG, JHG, MSFT | aerospace, AI, arbitrage, Chemicals, Long/Short, small cap, value | Manager maintains 22% AI exposure through GOOG, MSFT, and AMZN, though feels this is large but remains underweight relative to the S&P 500 where Magnificent Seven account for 34%. Acknowledges elevated S&P returns were concentrated among largest AI-exposed companies. Built position in Ascent Industries, a specialty chemicals company transforming from over-levered conglomerate to pure-play with pristine balance sheet. New management from Dow Chemical and turnaround experience addressing poor operations, with facilities at 50% utilization offering significant operating leverage potential. Butler National showed strong performance with EBITDA increasing from $6.5m to $8.8m, with aerospace revenue, margins, and backlog all moving up meaningfully. Company, management, and board continue buying stock despite higher share price. | ACNT BELFB JHG |
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| 2025 Q4 | Jan 26, 2026 | Impax US Sustainable Economy Fund | 4.2% | 16.0% | AAPL, AMD, AMZN, AVGO, CLX, CPB, GIS, GOOG, GOOGL, JNJ, LLY, MA, META, MRK, MSFT, NVDA, ORCL, PLTR, STT, V, ZTS | AI, Esg, healthcare, large cap, Pharmaceuticals, semiconductors, sustainability, technology | AI-related companies experienced volatility due to concerns over elevated capital expenditures and returns on large-scale data center investments. Advanced Micro Devices surged on strong demand for AI-optimized chips and data center processors, benefiting from partnerships with hyperscale cloud providers and record GPU sales for AI workloads. Eli Lilly announced a significant agreement with the Trump administration for extended coverage of GLP-1 weight loss drugs within Medicare and Medicaid programs. This created substantial new market opportunities and alleviated concerns about stringent drug pricing. Health Care sector rallied following Trump administration agreements with major pharmaceutical firms to reduce Medicaid drug prices. Companies like Eli Lilly, Merck, and others benefited from robust sales growth, positive clinical trial results, and improved market access for key medications. The portfolio's sustainability tools were key performance drivers, with industry tilts from the Sustainability Lens and Corporate Resilience profiles both benefiting returns. Companies with higher Corporate Resilience scores outperformed while those with poor scores like Meta and Palantir were excluded and underperformed. | View | |
| 2025 Q4 | Jan 26, 2026 | First Eagle Global Fund | 5.4% | 31.6% | 005930.KS, BA.L, BABA, CHRW, GOOG, GOOGL, META, ORCL, PRX.AS | AI, defense, Geopolitical, global, gold, Resilience, technology | Gold surged 65% during 2025, its largest annual gain since 1979, reflecting acknowledgment of the double-bind facing US policymakers. The price rally has aligned gold with its 50-year geometric average relative to US public debt and brought it closer to its geometric average versus the S&P 500. The fund continues to highly value gold's strategic hedge potential given current fiscal and geopolitical dynamics. Massive spending on AI infrastructure buildout has been a chief tailwind supporting economic and equity market growth. Spending on semiconductor fabrication and data centers has accounted for 0.4% of GDP growth annually since 2022. However, hyperscaler capex as a percentage of cash flow has grown from 20% in 2015 to 70% today, making the current rate of growth unsustainable absent other financing sources. Geopolitical tensions ratcheted up with US military action in Venezuela to remove President Maduro, reflecting broader disequilibrium in the global order. The emergence of the Eurasian heartland with authoritarian powers growing increasingly aligned has increased the possibility of destabilizing left-tail events across the Americas, Europe, and Asia. The fund focuses on building portfolio resilience through equities offering ballast through their lower risk character. This is achieved by evaluating stocks from the bottom up for attributes contributing to low correlations with the broader market, including strong balance sheets, high margins, diverse product lineups, long-lived assets, and contractually obligated revenues. | BA LN BABA META ORCL CHRW 005930 KS GOOG |
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| 2025 Q4 | Jan 26, 2026 | Brown Advisors Global Leaders Strategy | 0.0% | 15.2% | ADBE, ALLE, ASML, AZO, EFX, EXPN.L, GE, GOOG, ILMN, LSEG.L, MA, MRVL, MSFT, ROG.SW, RTO.L, TSM, V, WDAY, WKL.AS, ZTS | AI, Data, global, infrastructure, Quality, technology | AI is incredibly fast moving with innovations from DeepSeek in China to chain of experts and reasoning models becoming default standards. The potential for disruption in advertising, call centers and software is running way ahead of current adoption. Three or possibly four LLMs have pulled away from the pack with feedback loops from reasoning models creating one-sided network effects from scale. Credit bureau market is effectively an oligopoly with extremely high barriers to entry due to uniqueness and scale of data. Equifax and Experian provide critical data and analytics services across various sectors with distinct growth drivers in workforce solutions, healthcare, marketing and international markets. Strategy focuses on high-quality companies with superior customer outcomes that can pass on prices and generate high levels of recurring revenue while requiring low financial leverage. Many quality compounders that were historically unjustifiably expensive have become significantly more attractive over the past couple of years. | View | |
| 2025 Q4 | Jan 26, 2026 | Brown Advisory Large-Cap Growth Strategy | -4.4% | 1.8% | AAPL, ADBE, ALGN, AMZN, AVGO, CTAS, DDOG, DHR, DKNG, FICO, GNRC, GOOG, HLT, INTU, IOT, ISRG, META, MRVL, MSFT, NFLX, NOW, NVDA, NXPI, TT, TTD, UBER, VEEV, WDAY, ZTS | AI, Cloud, growth, large cap, semiconductors, software, technology | AI integration is driving differentiation across portfolio companies, with ServiceNow and Intuit advancing meaningful AI initiatives that enhance customer value and deepen competitive advantages. The manager views AI investments in three concentric circles: semiconductor companies powering AI infrastructure, hyperscalers deploying AI at scale, and companies integrating AI to enhance products and services. Semiconductors doubled from April lows with NVIDIA and Broadcom among biggest contributors. The manager maintains meaningful exposure to hardware-oriented AI plays but avoids over-concentration despite strong momentum, viewing semiconductor companies as the first circle of AI infrastructure investments. Cloud businesses showed strong performance with Google Cloud growing nearly 34% year-over-year and AWS accelerating to 20% growth. The manager views hyperscalers as the second circle of AI investments, deploying AI at scale across their platforms. | ZTS MRVL VEEV NOW NFLX DHR AVGO MSFT UBER NVDA AMZN FICO HLT ISRG GOOG |
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| 2025 Q4 | Jan 24, 2026 | Miller Howard Investments | - | - | AAPL, AMZN, BAC, BRK-B, GOOG, GOOGL, JNJ, JPM, META, MSFT, NVDA, PG, TSLA, WMT, XOM | Concentration, dividends, Indices, Magnificent 7, nuclear, SMRs, value | The US is on the cusp of a nuclear renaissance driven by rising electricity demand, policy support, and emerging technologies like small modular reactors. Nuclear capacity could quadruple by 2050, though regulatory, economic, and execution risks remain significant challenges. Miller/Howard maintains strict dividend focus across portfolios, avoiding Magnificent 7 stocks in income-oriented strategies. The firm emphasizes high current income and growth of income as core differentiators in an increasingly concentrated market. Index reconstitutions have compromised style integrity by adding growth-oriented Magnificent 7 stocks to value indices. This creates concentration risk and challenges traditional value investing principles based on lower valuations and higher dividend yields. | View | |
| 2025 Q4 | Jan 23, 2026 | GreensKeeper Value Fund | 0.0% | 0.0% | ADBE, AXP, BRK-B, CBOE, CFRUY, CHKP, ELV, FISV, GOOG, ICE, ICLR, LULU, MRK, NVO, SPGI, V, VRTX | AI, Concentration, Discipline, financials, Luxury, technology, value | The dominant narrative of 2025 was the market's evolving view of Alphabet's search business in an AI-first world. Alphabet aggressively transformed its research into consumer-ready products, deployed Gemini 3 which led key performance benchmarks, and launched AI Overviews within search. The company's proprietary Tensor Processing Units allowed efficient scaling while avoiding the Nvidia Tax. The fund maintains a disciplined value approach, refusing to abandon discipline simply because the market has become expensive. They deliberately prioritized capital preservation by trimming positions that reached price targets. The manager emphasizes that even wonderful businesses are not worth infinite prices and allocates capital elsewhere when valuations become stretched. Richemont's Jewelry Maisons continued to outperform the broader luxury market with stabilization of the Chinese consumer. The company maintained pricing integrity and brand stewardship, avoiding aggressive price hikes that peers used. This long-term thinking proved superior as luxury peers eroded brand value through discounting while Richemont maintained prestige. | ADBE ICLR NVO LULU FISV CFRUY AXP GOOG |
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| 2025 Q4 | Jan 22, 2026 | Pelican Bay Capital Management | 8.5% | 20.6% | ACM, BF.B, BLDR, CME, CSCO, FDS, GNRC, Gold, GOOG, MU, ODFL, ON, TOL, ZTS | AI, concentrated, healthcare, Homebuilders, Quality, semiconductors, technology, value | Portfolio benefited from strong performance in AI-related businesses, particularly Alphabet which established itself as a leading player with its Gemini Large Language Model alongside Claude and ChatGPT. The manager notes perception has improved significantly since initially purchasing GOOG in March 2023 when consensus was that Google missed the AI boom. Core investment philosophy centers on investing in high-quality companies with durable competitive advantages when they trade at steep discounts to intrinsic value. The manager emphasizes the importance of maintaining wide margins of safety and only investing when securities trade below the bottom end of their intrinsic value ranges. Homebuilding companies were weak performers due to elevated mortgage rates and slowdown in new home sales souring investor sentiment. However, the manager remains bullish on long-term prospects believing there is a housing shortage and these companies trade at large discounts to intrinsic values, adding to positions in both BLDR and TOL. | GOOGL ONON ZTS FDS ACM |
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| 2025 Q4 | Jan 21, 2026 | Harbor Capital Appreciation Fund | 0.8% | 14.0% | AAPL, AMD, AMZN, APH, AVGO, CDNS, GOOG, GOOGL, ITX.MC, LLY, LPLA, META, MRK, MSFT, NFLX, NKE, NOW, NVDA, TSLA, TSM | AI, growth, healthcare, large cap, semiconductors, technology | AI infrastructure spending concerns weighed on some positions like Microsoft and Meta, while AI-driven demand supported Taiwan Semiconductor's advanced manufacturing nodes. The fund initiated a position in Amphenol to benefit from AI infrastructure connectivity needs. Eli Lilly recovered during the quarter amid renewed optimism about its GLP-1 obesity and diabetes franchise, supported by improved visibility on pricing. The company remains a key growth driver in the healthcare sector. | MRK APH |
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| 2025 Q4 | Jan 21, 2026 | The London Company Large Cap | 0.2% | 8.3% | BLK, CB, FDX, FI, GOOG, NEU, NSC, RSG | dividends, financials, healthcare, large cap, Quality, technology, value | The manager emphasizes investing in profitable, financially stable, quality large-cap companies with high returns on unleveraged operating capital, strong cash generation, and conservative leverage. Quality factors were headwinds during Q4 as volatility factors outperformed, but the manager believes the environment is becoming more conducive to fundamentals where earnings growth, dividends, and balance-sheet strength matter more than valuation multiple expansion. Value outperformed Growth across the market cap spectrum during Q4, with value factors being the primary driver of returns, led by stocks trading at lower prices relative to sales and book value. The manager sees growing value in true active share and diversified exposure to high-quality businesses in a market defined by elevated valuations and concentration risk. The manager focuses on companies with strong capital allocation and dividend-paying capabilities. Several portfolio holdings like Chubb and BlackRock are highlighted for their steady capital returns and aggressive buyback programs, reinforcing the emphasis on shareholder-oriented management and consistent dividend policies. | RSG NSC BLK NEU FI CB FDX GOOG |
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| 2024 Q4 | Jan 21, 2025 | Kovitz Core Equity Strategy | 2.4% | 19.9% | AMAT, AMD, AMTM, AMZN, CRM, GOOG, LVS, TMO | - | View | ||
| 2023 Q4 | Jan 2, 2024 | JB Global Capital Fund | 7.8% | 18.4% | BABA, GOOG, STNE | - | View | ||
| 2025 Q4 | Jan 18, 2026 | Ithaka US Growth Strategy | -6.1% | 4.5% | AMD, AMZN, AVGO, BX, CRDO, ELF, GOOG, HWM, ISRG, LLY, META, MRVL, NFLX, NOW, ORCL, SHOP, TTD, UBER, VEEV | AI, concentrated, growth, large cap, technology | The AI megatrend remains a vital secular tailwind with massive global investment providing significant economic buffer. 2026 will be the year of the Show Me phase where AI-driven revenue begins to offset massive capital expenditures. Companies are reporting tangible productivity gains from AI implementation across sectors, with examples including Uber's routing optimization, Howmet's manufacturing efficiency improvements, and Meta's conversion rate increases. AMD posted strong earnings and guided to 35% revenue CAGR driven by soon-to-be launched MI450 and MI500 series products, putting it in more direct competition with NVIDIA in rack scale architecture. The semiconductor sector continues to benefit from AI infrastructure buildout despite valuation concerns. Google Cloud Platform continues growing as part of Alphabet's diversified technology ecosystem. ServiceNow faces fears that software applications could be disintermediated by AI native products, driving multiple compression despite strong fundamental growth. Intuitive Surgical delivered massive earnings beat with da Vinci robotic surgical system continuing to generate high-margin recurring revenue from growing global installed base of 10,200 units. The MedTech sector has fallen out of favor with compressed valuations despite strong fundamentals. Netflix faced headwinds from surprise $83B bid to acquire Warner Bros Discovery requiring $50B in new debt, sparking leverage concerns and departure from traditional build-not-buy strategy. The company also faced $620M tax charge from Brazilian authorities dispute. | VEEV NOW GOOG AMD ISRG |
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| 2025 Q4 | Jan 18, 2026 | Davenport Core Leaders Fund | 0.1% | 10.7% | AAPL, ACN, ADBE, AMZN, AVGO, CTAS, EOG, GOOG, ISRG, META, MRVL, MSFT, NOW, NVDA, ROK, SPOT, UBER, UNH, UNP, VRTX | AI, diversification, large cap, Quality, risk management, technology, value | AI and technology stocks led market gains in 2025, with Nvidia up 38.87% after a 171.17% gain the prior year. A gold rush mindset developed across the AI ecosystem, spreading to speculative corners including MEME stocks and unprofitable AI/tech companies. However, there are risks around massive capital outlays for computing power and unclear paths to returns. The market was dominated by momentum-driven stories with little regard for valuation, particularly in AI and tech sectors. 18 of the top 20 performers in the Russell 3000 from April through November were unprofitable companies. Jumping on momentum bandwagons proved more fruitful than having differentiated perspectives or being valuation sensitive. The Fund emphasizes high return businesses with durable competitive advantages and management teams committed to long-term capital allocation. Strategy holdings are positioned to consistently compound intrinsic value across market conditions, staying grounded in business fundamentals rather than short-term market trends. The Fund remains purposefully diversified despite market leadership being narrow and focused on AI. This discipline reflects commitment to effective risk management and appropriate diversification, which weighed on relative performance but positions the Fund well for various market scenarios. | MRVL CTAS GOOG |
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| 2025 Q4 | Jan 18, 2026 | The Davenport Value & Income Fund | 1.5% | 13.7% | ACN, ADBE, ARE, C, CTAS, EOG, FDX, GOOG, HPQ, ISRG, META, MMC, MRVL, MSFT, NOW, NVDA, ORCL, SPOT, UBER, UNP, VRTX | AI, Buybacks, dividends, large cap, technology, value | Technology and AI-related stocks led the charge again in 2025, with tech and communications services sectors advancing 23.83% and 32.47% respectively. AI darling Nvidia was up 38.87% after a 171.17% gain the prior year. A gold rush mindset developed across the AI ecosystem with fervor spreading to speculative corners of the market. In 2025, 36 of the Value & Income Fund's 42 holdings increased their dividends by an average of 7% year-over-year. Companies like McDonald's, Exxon Mobil, Fidelity National Financial, and Becton-Dickinson continued their annual streak of dividend enhancements at 49, 43, 10, and 54 years respectively. In 2025, 30 of the Value & Income Fund's holdings reduced their share count via buybacks by 1.2% on average. Companies are taking advantage of discounted valuations to accelerate buyback pace and return capital to shareholders. The managers focus on stocks that have been cast aside as investors focused elsewhere on momentum plays. They believe the market's sun could shine elsewhere soon and can't stomach the risk associated with many of today's highflyers. Their conservative approach has weighed on relative performance but they've seen this dynamic before. | View | |
| 2025 Q4 | Jan 18, 2026 | Mairs & Power – Balanced Fund | 0.0% | 6.6% | AMZN, CASY, ENTG, FI, GOOG, HD, HON, HRL, JPM, LLY, MSI, NEOG, PFG, RHHBY, ROK, TECH, TGT, TRV, TXN, UNH, USB, WEC, WFC | AI, Balanced, earnings, financials, healthcare, rates, technology | AI and increasing market concentration took center stage in 2025, with the rate of investment in technology and AI infrastructure spending driving market narrative. McKinsey projects nearly $7 trillion in capital expenditures will be needed worldwide by 2030 to build up AI infrastructure. The Fund believes we are entering a transition period for AI, moving into a higher risk phase with flood of capital and unusual financing structures. The consistency of corporate earnings is a major reason for continued stock market strength. The S&P 500 is projected to deliver 12% earnings growth in 2025, while small cap companies are showing their first signs of earnings growth recovery after three years of contraction, posting 13% growth in 2025. The Federal Reserve began cutting rates in the fourth quarter with cooling inflation giving policymakers confidence. Lower interest rates are expected to continue into 2026, which typically takes around a year to feel effects through the economy and would likely support small business hiring and consumer confidence. | View | |
| 2023 Q4 | Jan 17, 2024 | Ensemble Capital | 0.0% | 8.0% | 0K85 LN, BKNG, BR, GOOG, ILMN, MA, MASI, NFLX, NKE, NOW, PAYX | - | View | ||
| 2023 Q4 | Jan 16, 2024 | Kovitz Core Equity Strategy | 10.4% | 26.8% | AAPL, ADSK, BDX, DGE LN, DLTR, GIL, GM, GOOG, LOW, PCAR | - | View | ||
| 2025 Q4 | Jan 14, 2026 | ARK Investment Management LLC | 0.0% | 0.0% | ACHR, AMD, AVAV, COIN, CRSP, DE, GH, GOOG, HOOD, KTOS, PLTR, RBLX, RKLB, ROKU, SHOP, TEM, TER, TRMB, TSLA, TWST | AI, crypto, defense, Genomics, innovation, productivity, Robotics, technology | ARK believes convergences among major platforms like AI, robotics, energy storage, public blockchain technology, and multiomics sequencing should accelerate non-farm productivity growth to 4–6% on a year-over-year basis. AI-related spending boom on data centers and power plants began in late 2022. Strong demand for AI-related chip testing and semiconductor testing across compute, networking, and memory. Robotics is identified as one of the major transformative innovation platforms that should converge with AI and other technologies to drive productivity gains. The ARK Autonomous Technology and Robotics ETF focuses on companies developing autonomous mobility, humanoid robots, and intelligent devices. Energy storage is highlighted as one of the key transformative innovation platforms that will converge with AI, robotics, blockchain, and multiomics sequencing to accelerate productivity growth and economic transformation in the coming years. ARK sees favorable policy shifts around crypto as supportive headwinds shifting into structural tailwinds for innovation. Coinbase faced challenges from weakness in crypto market trading activity, with quarterly spot trading volumes declining 9% quarter-over-quarter. The firm maintains exposure through Bitcoin ETFs and crypto-related companies. Multiomics sequencing is identified as one of the major transformative platforms. The genomics space benefited from increasingly positive sentiment following Abbott's acquisition of Exact Sciences. Companies like Guardant Health and Natera showed strong performance with significant revenue growth and clinical trial successes. Defense spending represents a significant opportunity with the U.S. Army announcing plans to purchase at least one million drones in the next 2–3 years. Companies like Kratos Defense, AeroVironment, and Rocket Lab are positioned in this space, though innovation-based defense stocks experienced broad sell-offs during the quarter. | View | |
| 2025 Q4 | Jan 14, 2026 | Horos Asset Management | 0.0% | 0.0% | 0086.HK, AAPL, AMZN, ANE.PA, AYV.PA, AZM.MI, DIA.MC, ERG.MC, GEST.MC, GOOG, GOOGL, META, MSFT, NPSNY, NVDA, ONEX.TO, ORCL, TCEHY, TGS, TSLA | AI, Bubble, Concentration, Europe, gold, inflation, Passive investing, value | The manager discusses the massive investment in AI infrastructure by tech companies, warning of potential overinvestment and bubble dynamics. He compares the current AI race to a prisoner's dilemma where companies must invest aggressively to avoid being left behind, even at the risk of capital destruction. Private AI companies are raising capital at unprecedented valuations without products or disclosed business plans. The manager highlights how passive investing has reached nearly 65% of US equity assets, contributing to market distortions including reduced liquidity, increased volatility, and further concentration in mega-cap stocks. US equity index funds attracted around $650 billion in 2025 while actively managed funds saw record outflows approaching $1 trillion. The manager emphasizes their value investing approach, seeking companies that are temporarily undervalued due to setbacks or negative sentiment. He illustrates this with examples like AerCap and Naspers, where the market failed to recognize underlying value, allowing for opportunistic investments with significant upside potential. The manager discusses rising inflation expectations reflected in elevated long-term government bond yields despite central bank rate cuts. He notes that precious metals experienced explosive rallies as investors sought protection against potential currency debasement and sovereign debt concerns. Gold posted gains of around 65% in 2025, with silver rising over 145% and platinum nearly 125%. The manager attributes these gains to growing perception of potential deterioration in financial solvency of major economies and the risk of persistent inflation as governments deal with rising structural debt levels. | TCEHY SDE CN PLX FP ZEG LN ZIG LN NPSNY AER |
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| 2025 Q4 | Jan 13, 2026 | Mar Vista US Quality Select | 0.2% | 12.8% | AAPL, AMZN, APH, AVGO, CRM, DHR, EFX, GOOG, JNJ, LIN, META, MSFT, NFLX, NVDA, ORCL, ROP, SAP, TSM, V | AI, Cloud, growth, large cap, Quality, semiconductors, Streaming, technology | The structural shift driven by Artificial Intelligence is transitioning from proof-of-concept to demonstrable return on investment. Early monetization is visible in advertising, cloud computing, and semiconductors. Companies deploying AI infrastructure are seeing tangible improvements in ROIC through more efficient ad targeting and premium AI cloud services. Cloud computing continues to be a key beneficiary of AI infrastructure deployment. Google Cloud emerged as a standout performer with 34% revenue growth and $155 billion backlog. Microsoft's Azure platform remains capacity-constrained with accelerating growth and increasing adoption of Copilot offerings. Taiwan Semiconductor represents the dominant manufacturer for leading fabless chip designers including NVIDIA, Apple, and Broadcom. The global arms race to develop artificial general intelligence will support multiple years of robust growth for foundries with leading-edge capabilities. Netflix has built a durable economic moat around its globally-scaled streaming business. With more than 300 million members, Netflix enjoys the lowest content cost per subscriber in the industry, enabling it to profitably outspend rivals and accelerate its competitive flywheel. | View | |
| 2025 Q4 | Jan 13, 2026 | Mar Vista US Quality Select | 1.8% | 18.2% | AAPL, AMT, AMZN, APH, AVGO, BRK-B, EFX, GOOG, META, MSFT, MTD, NFLX, NVDA, ORCL, ROP, TSM, VLTO | AI, Cloud, growth, large cap, Quality, semiconductors, Streaming, technology | The structural shift driven by Artificial Intelligence is transitioning from proof-of-concept to demonstrable return on investment. Early monetization is visible in advertising, cloud computing, and semiconductors where companies are seeing tangible improvements in ROIC. The transition from infrastructure build-out to enterprise and consumer monetization will accelerate into 2026. Cloud computing continues to show strong growth with Google Cloud reaching 34% revenue growth and a $155 billion backlog. Microsoft's Azure platform remains capacity-constrained with accelerating growth. Premium AI cloud services are driving high utilization and multi-year contracts. Taiwan Semiconductor represents the dominant manufacturer for leading fabless chip designers including NVIDIA, Apple, and Broadcom. The global arms race to develop artificial general intelligence will support multiple years of robust growth for foundries with leading-edge capabilities. Semiconductor manufacturing barriers to entry continue rising due to escalating costs. Netflix has built a durable economic moat around its globally-scaled streaming business with over 300 million members. The company enjoys the lowest content cost per subscriber in the industry, enabling it to profitably outspend rivals. The acquisition of Warner Bros. Discovery represents a shift from streaming platform to global media powerhouse. | ROP EFX NFLX TSM MSFT META ORCL AAPL MTD GOOG ROP EFX NFLX TSM LIN MSFT ORCL DHR JNJ GOOG |
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| 2025 Q4 | Jan 13, 2026 | GoodHaven Capital Management | 0.0% | 7.1% | BAC, BLDR, BRK-B, DVN, EXOR.MI, GOOG, JEF, LEN.B, TVK.TO, VNOM | concentrated, energy, financials, Housing, Quality, technology, value | Secular tailwinds in the shift towards digital advertising. Largest firms have significant network effects and competitive advantages, with high barriers-to-entry. Companies trading at significant discount to intrinsic value. Strong balance sheets and capital levels indicate enduring competitive advantages. Attractive businesses to take advantage of recovery cycles. Accelerating demographic changes in the US producing strong underlying housing growth. More capital light business models minimize big boom and busts, and increase returns on invested capital. Broader pricing strength supportive of suppliers. Industry capital allocation discipline with emphasis on accelerated cash distributions to shareholders. Favorable demand-supply dynamics after industry consolidation and strategic players. | MKL |
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| 2024 Q4 | Jan 11, 2025 | Alphyn Capital Management | 2.6% | 16.9% | AHT LN, AMZN, DSGR, EXO NA, FFH CN, GDX, GOOG, KKR, MRO LN, PRX NA | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Cooper Investors Global Equities Fund (Unhedged) | 5.5% | 5.4% | ERF, FYBR, GOOG, RTO, TKO | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Oakmark Select Fund | 8.1% | 0.0% | CBRE, GOOG | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Qualivian Investment Partners | 2.4% | 15.3% | AMZN, GOOG, MA, ORLY, TJX, URI, V | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Madison Sustainable Equity Fund | 6.1% | 20.1% | APPL, COST, DHR, EFX, GOOG, KEYS, LLY, MSFT, NEE, ORCL, PGR, QCOM, SCHW, UAHC | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Madison Investors Fund | 7.8% | 17.0% | BAM, CLOV, CPRT, DLTR, GOOG, KEYS, LOW, PCAR, SCHW | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Columbia Seligman Global Technology Fund | 1.0% | 0.0% | AAPL, AVGO, GDDY, GOOG, NVDA, ORCL, SMTC | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Weitz Multi Cap Equity Fund | 10.4% | 16.3% | GOOG, LBRDA, LM0B GR, PRM | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Weitz Partners III Opportunity Fund | 9.1% | 14.1% | GOOG, LBRDA, LM0B GR, PRM | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Alluvium Global Fund | 0.0% | 0.0% | 005930 KS, AEM, AN, CPRI, GOOG, HCA, LBRDA, LMT, LNR CN, MCK, RRL AU, UMG NA, V | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Appalaches Capital | 3.0% | 7.1% | CME, CNI, CPNG, CSX, GOOG, OCI NA, PLX FP | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Alger Spectra Fund | 3.2% | 32.4% | APP, GOOG, MELI, META, MSFT, PINS | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Mar Vista Focus Fund | 3.4% | 0.0% | AAPL, AMT, GOOG, LIN, MCHP, MSFT, NKE, ORCL, V | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Mar Vista Global Equity Fund | 7.2% | - | AMT, GOOG, MCHP, MSFT, ORCL, UL | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Mar Vista Strategic Growth Fund | 5.5% | 0.0% | AAPL, AME, AMT, FTV, GOOG, MCHP, MSFT, NKE, SYK, TDG, UL | - | View | ||
| 2024 Q3 | Sep 30, 2024 | RiverPark Large Growth | 3.7% | 16.4% | ADYEY, BX, GOOG, KKR, META, MSFT, PINS, SCHW, SHOP, SNAP | - | View | ||
| 2024 Q3 | Sep 30, 2024 | RiverPark Long/Short Opportunity Fund | 0.6% | 11.1% | BX, GOOG, META, PINS, SHOP | - | View | ||
| 2024 Q3 | Sep 30, 2024 | Hotchkis & Wiley Global Value Fund | 5.6% | 12.8% | 005930 KS, FFIV. ERIC, GOOG, QAN AU, WLN FP | - | View | ||
| 2024 Q3 | Sep 30, 2024 | The Gabelli Global Content & Connectivity Fund | 8.0% | 0.0% | FYBR, GOOG, META, MSFT, PRX NA, RCI, TMUS | - | View | ||
| 2023 Q3 | Sep 30, 2023 | Mar Vista Strategic Growth Fund | 5.5% | 0.0% | AAPL, AMT, DHR, GOOG, INTU, MSFT, MTD, ORCL | - | View | ||
| 2023 Q3 | Sep 30, 2023 | RiverPark Large Growth | 3.7% | 16.4% | AAPL, ADYEN, BKNG, BX, EQIX, FIVN, GOOG, ILMN, INTU, LLY, LMT, MCD, NFLX, PEP, SBUX, UBER | - | View | ||
| 2023 Q3 | Sep 30, 2023 | RiverPark Long/Short Opportunity Fund | 0.6% | 11.1% | AAPL, ADYEN, BKNG, BX, EQIX, GOOG, ILMN, LLY, LMT, MCD, PEP, SBUX | - | View | ||
| 2023 Q3 | Sep 30, 2023 | Stenham Asset Management | -4.8% | 9.5% | ADYEY, CFMI, GOOG, MC FP, UMG | - | View | ||
| 2022 Q3 | Sep 30, 2022 | Baron Opportunity Fund | 4.0% | 25.1% | ARGX, GOOG, INDI, ISRG, IT, MPWR, MSFT, NET, NOW, NVDA, RIVN, SHOP, TSLA, ZI | - | View | ||
| 2023 Q4 | Sep 3, 2024 | Concentrated Compounding | 0.0% | 0.0% | AMZN, BRK/A, CHTR, CSU CN, FRCB, GOOG, TDG | - | View | ||
| 2023 Q4 | Sep 2, 2024 | Bretton Fund | 10.0% | 0.0% | AMNF, AXP, AZO, BRK/A, DFH, GOOG, MA, MSFT, NVR, PGR, RVTY, RXMD, UNH, UNP, V | - | View | ||
| 2022 Q2 | Aug 25, 2022 | Bretton Fund | 10.0% | 0.0% | GOOG | - | View | ||
| 2023 Q2 | Aug 19, 2023 | FPA U.S. Core Equity Fund, Inc. | 10.0% | 21.5% | AAPL, GOOG, MSFT, NVDA, TSLA | - | View | ||
| 2022 Q4 | Aug 2, 2023 | Sequoia Strategy | 7.1% | 20.8% | BATRA, CACC, CSU CN, ELV, ERF FP, GOOG, ICE, SCHW, UMG, UNH | - | View | ||
| 2023 Q2 | Jul 31, 2023 | Vulcan Value Partners – Focus Plus | 5.6% | 18.6% | AMZN, GOOG, MSFT, TDG | - | View | ||
| 2023 Q2 | Jul 31, 2023 | Vulcan Value Partners – Focus Plus | 5.9% | 18.7% | AMZN, GOOG, MSFT, TDG | - | View | ||
| 2024 Q2 | Jul 26, 2024 | Diamond Hill Large Cap Strategy | 7.9% | 14.7% | AMZN, GOOG, IP, KMX, RRX, SBUX, TGT, TXN | - | View | ||
| 2024 Q2 | Jul 22, 2024 | The London Company Large Cap | 8.1% | 14.6% | ALB, APD, GOOG, MLM, NEU, NSC, ODFL, TEL, TXN | - | View | ||
| 2024 Q2 | Jul 21, 2024 | Alluvium Global Fund | 0.0% | 0.0% | AEM, AN, GOOG, HRB, LBRDK, LNR CN, MCK, RHI, RRL AU, RYAAY, THO, TPR | - | View | ||
| 2024 Q2 | Jul 19, 2024 | GreensKeeper Value Fund | 4.7% | 16.7% | BRK/B, ELV, GOOG, HSY, V, VRTX | - | View | ||
| 2023 Q2 | Jul 19, 2023 | Longleaf Partners Global Fund | 14.8% | 18.4% | GOOG, IAC, LYV, TIGO, WBD | - | View | ||
| 2024 Q2 | Jul 17, 2024 | Madison Sustainable Equity Fund | 6.1% | 20.1% | COST, GOOG, NEE, QCOM | - | View | ||
| 2024 Q2 | Jul 17, 2024 | Madison Investors Fund | 7.8% | 17.0% | ADI, ARCH, DE, DLTR, GOOG, LOW, PCAR, PH, TJX | - | View | ||
| 2024 Q2 | Jul 17, 2024 | Nightview Capital | 0.0% | 0.0% | AAPL, AMZN, BLK, DKNG, GOOG, GS, H, LVS, META, MGM, MS, NFLX, NITE, QCOM, SCHW, TSLA, TSM, WYNN | - | View | ||
| 2024 Q2 | Jul 16, 2024 | Polen Capital – Focus Growth | 3.0% | 11.0% | AAPL, ABBY, ACN, ADSK, ALGN, AMZN, CRM, GOOG, HD, META, MSCI, MSFT, NFLX, NVDA, SPOT | - | View | ||
| 2024 Q2 | Jul 16, 2024 | Polen Capital – Global SMID Company Growth | 3.5% | 9.5% | ADBE, ADSK, AMZN, GOOG, MC FP, MSCI, NVDA, PAYC, SHOP, WDAY, ZTS | - | View | ||
| 2024 Q2 | Jul 15, 2024 | Cooper Investors Global Equities Fund (Unhedged) | 5.5% | 5.4% | AON, GEHC, GOOG, LPX, RTO, SONY, TSM, YUMC | - | View | ||
| 2024 Q2 | Jul 15, 2024 | Wedgewood Partners | 5.8% | 22.4% | AAPL, BKNG, CDW, GOOG, MSI, ODFL, POOL, PYPL, TSM, V | - | View | ||
| 2023 Q2 | Jul 14, 2023 | Silver Beech Capital | 0.0% | 22.3% | ABG, ABR, FIZN, GOOG, PLYA | - | View | ||
| 2023 Q2 | Jul 14, 2023 | Wedgewood Partners | 5.8% | 22.4% | AAPL, CDW, CPRT, GOOG, META, MSFT, PYPL, TPL, TSCO | - | View | ||
| 2022 Q2 | Jul 14, 2022 | Tourlite Capital Management | 4.5% | 13.8% | AMZN, GOOG, IS, PRM, U | - | View | ||
| 2023 Q2 | Jul 13, 2023 | Giverny Capital Asset Management | 7.0% | 20.2% | AAPL, AMZN, CIEN, GOOG, META, MSFT, PGR | - | View | ||
| 2022 Q1 | Jul 11, 2022 | Alger Spectra Fund | 3.2% | 32.4% | AMZN, GOOG, MSFT, NTRA, TSLA | - | View | ||
| 2023 Q2 | Jul 8, 2023 | Horos Asset Management | 2.9% | 9.8% | 39A GR, AAPL, ARHI, AZM IM, ENO SM, GOOG, MEL SM, META, MSFT, NVDA, TGS, TLGO SM | - | View | ||
| 2024 Q2 | Jun 30, 2024 | ClearBridge Investments Dividend Strategy | 0.0% | 0.0% | GOOG, META, SRE | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Oakmark Global Select Fund | 8.8% | 0.0% | CNH, GOOG | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Oakmark Global Fund | 7.5% | 0.0% | CNH, DE, ETSY, GOOG | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Oakmark Select Fund | 8.1% | 0.0% | CNC, GOOG, PAYC | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Mar Vista Focus Fund | 3.4% | 0.0% | AAPL, AVGO, CRM, DIS, GOOG, META, MSFT, NKE, NVDA | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Mar Vista Global Equity Fund | 7.2% | - | 0NIQ LN, AAPL, AVGO, CRM, DIS, GOOG, LIN, META, ORCL | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Mar Vista Strategic Growth Fund | 5.5% | 0.0% | AAPL, AVGO, CMR, DIS, GOOG, META, NKE, SBUX | - | View | ||
| 2024 Q2 | Jun 30, 2024 | RiverPark Large Growth | 3.7% | 16.4% | AAPL, ADYEN, DIS, FIVN, GOOG, NKE, NVDA, PINS, SHOP, SNAP | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Loomis Sayles Global Growth Fund | 3.5% | 10.4% | ADYEY, CRSP, GOOG, RNA, SHOP, TCEHY | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Columbia Seligman Global Technology Fund | 1.0% | 0.0% | AVGO, BE, GDDY, GOOG, GPN, MSFT, NVDA, ORCL, TER | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Appalaches Capital | 3.0% | 7.1% | AZO, GOOG, LAD, PLX FP | - | View | ||
| 2023 Q2 | Jun 30, 2023 | Ensemble Capital | 0.0% | 8.0% | FRC, GOOG, HD, ILMN, MASI, NFLX, NKE, NOW | - | View | ||
| 2022 Q2 | Jun 30, 2022 | Baron Opportunity Fund | 4.0% | 25.1% | AMD, AMZN, ARGX, ASML, GOOG, MSFT, NET, NVDA, TSLA | - | View | ||
| 2023 Q2 | Jun 7, 2023 | Vltava Fund | 0.0% | 0.0% | EXO NA, GOOG | - | View | ||
| 2023 Q2 | May 31, 2023 | GoodHaven Capital Management | 0.0% | 18.9% | BLDR, BRK/B, GOOG, LEN/B, META, VTS | - | View | ||
| 2023 Q1 | May 17, 2023 | Third Point Offshore Fund | 1.1% | -3.0% | GOOG, UBS | - | View | ||
| 2022 Q4 | May 1, 2023 | Vltava Fund | 0.0% | 0.0% | ARW, GOOG | - | View | ||
| 2025 Q1 | Apr 23, 2025 | Bretton Fund | -1.0% | -1.0% | GOOG, PGR | - | View | ||
| 2023 Q1 | Apr 20, 2023 | The London Company Large Cap | 8.1% | 14.6% | BLK, CVX, FDX, GOOG, NSC, ODFL, SCHW, STOR | - | View | ||
| 2023 Q1 | Apr 20, 2023 | Wedgewood Partners | 5.8% | 22.4% | AAPL, BKNG, FRC, GOOG, META, PGR, SPGI, TPL, TSM, UNH | - | View | ||
| 2023 Q1 | Apr 18, 2023 | Brasada Focused Equity Strategy | 0.0% | 0.0% | CP, GOOG, RTO | - | View | ||
| 2025 Q1 | Apr 14, 2025 | L1 Capital International Fund | 0.1% | 0.1% | EXP, GOOG, HCA, VIE FP | - | View | ||
| 2025 Q1 | Apr 14, 2025 | Parnassus Value Equity Fund | -2.0% | -2.0% | A, ALGN, AMD, AMZN, AVGO, BIO, CI, DE, GILD, GOOG, JPM, PGR, ROST, VZ | - | View | ||
| 2025 Q1 | Apr 14, 2025 | Wedgewood Partners | -6.3% | -6.3% | GOOG, ORLY, PYPL, URI, V | - | View | ||
| 2023 Q1 | Apr 14, 2023 | Madison Investors Fund | 7.8% | 17.0% | ADI, BKI, GOOG, SCHW, USB | - | View | ||
| 2023 Q1 | Apr 14, 2023 | Madison Sustainable Equity Fund | 6.1% | 20.1% | ADI, DHR, GOOG, HD, LLY, NESR GR, ORCL, PEP, QCOM, TEL, TGT, USB | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Oakmark Global Select Fund | 8.5% | 8.5% | GOOG, LYG, MOH, SYY | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Oakmark Select Fund | -1.2% | -1.2% | GOOG, ICE, MOH | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Madison Investors Fund | -0.9% | -0.9% | ACGL, ACN, ELV, FI, GOOG, PGR, USB | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Mayar Capital | 2.9% | 2.9% | 005930 KS, AHT LN, ALO FP, BFAM, BLND LN, CAP FP, FOUR LN, GOOG, HLCL LN, JNJ, KVUE, LH, NKE, NVO, PYPL, SAP FP, SOLV, SOM LN, UPS, V, VTY LN | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Harding Loevner Global Equity | -2.1% | -2.1% | 6758 JP, ADYEY, ASML NA, G25 GR, GOOG, HEI, TTD, W | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Alluvium Global Fund | - | - | DKS, GOOG, HCA, LBRDA, LNR CN, MCK, RHI, THO | - | View | ||
| 2023 Q1 | Mar 31, 2023 | Ensemble Capital | 0.0% | 8.0% | BKNG, CMG, FRC, GOOG, MASI, NVR, RACE LN | - | View | ||
| 2023 Q1 | Mar 31, 2023 | Oakmark Fund- International Small Cap | 7.4% | 0.0% | GOOG | - | View | ||
| 2022 Q2 | Mar 31, 2022 | RiverPark Long/Short Opportunity Fund | 0.6% | 11.1% | ADYE AV, AMZN, BX, GOOG, KKR, META, NKE, TWLO, UBER | - | View | ||
| 2023 Q4 | Mar 22, 2024 | Pershing Square Holdings | 0.0% | 6.3% | CMG, CPKC MM, GOOG, HHH, HLT, LOW, QSR, UMG | - | View | ||
| 2023 Q4 | Feb 23, 2024 | Semper Augustus | 0.0% | 10.8% | AAPL, AMZN, BHE, BRK/A, GOOG, META, MSFT, NVDA, TSLA | - | View | ||
| 2024 Q4 | Feb 21, 2025 | Semper Augustus | - | 7.0% | AAPL, AMZN, BHE, BRK/A, COST, DG, GOOG, KKR, MCY, META, MSFT, NVDA, ORLY, TSLA | - | View | ||
| 2022 Q4 | Feb 14, 2023 | Bretton Fund | 10.0% | 0.0% | AXP, BRK/A, GOOG, JPM, MSFT, TJX, UNH | - | View | ||
| 2024 Q4 | Jan 31, 2025 | Alluvium Global Fund | - | - | CHTR, CPRI, DKS, GOOG, GPI, HCA, HRB, LBRDA, LMT, LYB, MA, MCK, RYAAY, V | - | View | ||
| 2024 Q4 | Jan 31, 2025 | Merion Road Capital | 5.5% | 17.4% | BELFA, CLH, GOOG, MCEM, UBAB, VCTR | - | View | ||
| 2023 Q4 | Jan 31, 2024 | Sequoia Strategy | 7.1% | 20.8% | 0UMG LN, AHT LN, BAC, CSU CN, ERF FP, GOOG, ICE, KMX, LBRDA, LSXMA, META, NFLX, RR/ LN, SAP, SCHW, UNH | - | View | ||
| 2023 Q4 | Jan 31, 2024 | FPA Crescent Fund | 3.7% | 12.8% | FIF, GOOG, META | - | View | ||
| 2023 Q4 | Jan 28, 2024 | Mairs & Power – Growth Fund | 0.0% | 19.0% | BBY, GOOG, MSFT, PIPR | - | View | ||
| 2022 Q4 | Jan 25, 2023 | RGA Investment Advisors | 0.0% | 0.0% | AZO, FEVR LN, GOOG, MTCH, PYPL | - | View | ||
| 2024 Q4 | Jan 24, 2025 | Tsai Capital | - | 23.0% | AAPL, AMZN, GOOG, QXO, TSLA | - | View | ||
| 2022 Q4 | Jan 23, 2023 | Giverny Capital Asset Management | 8.5% | -22.7% | COHR, ERF FP, FD, FIVE, FRCB, GOOG, HEI, JPM, KMX, KO, MA, META, PGR, SCHW | - | View | ||
| 2022 Q4 | Jan 19, 2023 | Merion Road Capital | 5.4% | 11.2% | CPRT, CRMT, FERG, GOOG, MHH, MWA, UBAB, WHG | - | View | ||
| 2022 Q4 | Jan 19, 2023 | Wedgewood Partners | 5.8% | 22.4% | AAPL, CDW, EW, GOOG, META, MSI, PYPL, TPL, TSCO, V | - | View | ||
| 2024 Q4 | Jan 18, 2025 | Appalaches Capital | 0.7% | 7.9% | CME, CPNG, GOOG, MKL, PLX FP, SAFT | - | View | ||
| 2022 Q4 | Jan 17, 2023 | Ensemble Capital | 0.0% | 8.0% | CMG, FRC, GOOG, ILMN, MA, MASI, NFLX, NKE, PAYX | - | View | ||
| 2024 Q4 | Jan 16, 2025 | Polen Capital – Global SMID Company Growth | 2.3% | 12.0% | ABNB, ADBE, AMZN, CSGP, GOOG, ICLR, MC FP, NVO, OR FP, ORCL, PAYC, SHOP | - | View | ||
| 2023 Q4 | Jan 13, 2024 | Wedgewood Partners | 5.8% | 22.4% | AAPL, EW, GOOG, META, MSFT, MSI, ODFL, ORLY, PYPL, TPL, TSCO, TSM, UHG | - | View | ||
| 2023 Q1 | Jan 5, 2023 | Hazelton Capital Partners | 14.7% | 14.7% | BUR, GOOG | - | View | ||
| 2022 Q4 | Jan 2, 2023 | GoodHaven Capital Management | 0.0% | 18.9% | BRK/B, DVN, GOOG, GS, KKR, PGR | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2026 | Fund Letters | Glenn D. Surowiec | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI Enhancement, cloud, competitive moat, Search Dominance, YouTube | View Pitch |
| Feb 26, 2026 | Fund Letters | Paul Schofield | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, compounder, platform | View Pitch |
| Feb 26, 2026 | Fund Letters | Dr. Hendrik Leber | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | Artificial Intelligence, cloud, Competitive Advantage, innovation, Quantum Computing, R&D | View Pitch |
| Feb 21, 2026 | Fund Letters | Aziz V. Hamzaogullari | Alphabet Inc. | Communication Services | Internet Services & Infrastructure | Bull | NASDAQ | advertising, Artificial Intelligence, CapEx, cloud, Free Cash Flow, Search | View Pitch |
| Feb 21, 2026 | Fund Letters | HRISHIKESH (HK) GUPTA | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | Artificial Intelligence, Cloud computing, digital advertising, Margins, Search | View Pitch |
| Feb 21, 2026 | Fund Letters | Tucker Brown | Alphabet Inc | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Margins, monetization | View Pitch |
| Feb 21, 2026 | Fund Letters | Bill Ackman | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, cloud, monetization, scale, Search | View Pitch |
| Feb 21, 2026 | Fund Letters | Stephen Dodson | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, Autonomy, cloud, datacenter, monetization, Search | View Pitch |
| Feb 21, 2026 | Fund Letters | Justin Bergner | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, CapEx, cloud, Optionality, Search | View Pitch |
| Feb 4, 2026 | Fund Letters | Jacob Mitchell | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Data, scale | View Pitch |
| Feb 4, 2026 | Fund Letters | Harvey Warren Sax | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, Artificial Intelligence, Cloud computing, Moonshots, Search | View Pitch |
| Feb 4, 2026 | Fund Letters | Jacob Mitchell | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, earnings, scale | View Pitch |
| Feb 4, 2026 | Fund Letters | Arman Gokgol-Kline | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, cloud, Platforms, Regulation, Search | View Pitch |
| Feb 4, 2026 | Fund Letters | Alex Umansky | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, monetization, Search | View Pitch |
| Feb 2, 2026 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Technology | Internet Content & Information | Bull | NASDAQ Stock Market | AI integration, Alphabet, antitrust ruling, CapEx, Cloud computing, digital advertising, Gemini chatbot, geopolitical risks, Growth Opportunities, market leadership | View Pitch |
| Jan 28, 2026 | Fund Letters | KEN STUZI | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Margins, Search | View Pitch |
| Jan 28, 2026 | Fund Letters | Julien Albertini | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, buybacks, cashflow, cloud, Platforms | View Pitch |
| Jan 27, 2026 | Fund Letters | Stuart Pearce | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, cloud, infrastructure, Platforms, valuation | View Pitch |
| Jan 27, 2026 | Fund Letters | Christopher P. Bloomstran | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Moonshots, Search | View Pitch |
| Jan 27, 2026 | Fund Letters | Silas Myers | Alphabet Inc. | Interactive Media & Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, leverage, Margins, Search | View Pitch |
| Jan 27, 2026 | Fund Letters | Michael McCloskey | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | Artificial Intelligence, cash flow, scale, Search, semiconductors | View Pitch |
| Jan 27, 2026 | Fund Letters | Brian Campbell | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, capital allocation, cloud, Margins | View Pitch |
| Jan 27, 2026 | Fund Letters | Silas Myers | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, backlog, cloud, leverage | View Pitch |
| Jan 24, 2026 | Fund Letters | Michael E. Schroer | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Search, semiconductors | View Pitch |
| Jan 23, 2026 | Fund Letters | Peter Baughan | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Margins, Search | View Pitch |
| Jan 23, 2026 | Fund Letters | Scott O'Gorman | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Networkeffects, Platforms | View Pitch |
| Jan 23, 2026 | Fund Letters | Jake Keys | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, Largecap, mispricing, Search | View Pitch |
| Jan 21, 2026 | Fund Letters | C.T. Fitzpatrick | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, Artificial Intelligence, Cloud computing, Platform Scale, Search | View Pitch |
| Jan 21, 2026 | Fund Letters | George L. Smith III | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, scale, Search | View Pitch |
| Jan 21, 2026 | Fund Letters | Alan Pullen | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Monetisation, Search | View Pitch |
| Jan 21, 2026 | Fund Letters | Arvid Streimann | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Monetisation, Search | View Pitch |
| Jan 21, 2026 | Fund Letters | Kirsty Gibson | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | Artificial Intelligence, cloud, Data, Distribution, Search | View Pitch |
| Jan 17, 2026 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Technology | Internet Content & Information | Bull | NASDAQ Stock Market | AI, AI chip market, Alphabet Inc., Apple collaboration, bullish sentiment, GARP, GOOG, search market share, tensor processing units, valuation | View Pitch |
| Jan 16, 2026 | Fund Letters | David A. Rolfe | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, scale, Search | View Pitch |
| Jan 9, 2026 | Fund Letters | Pratik Kodial | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Moats, Regulation | View Pitch |
| Jan 8, 2026 | Fund Letters | Tony Coniaris | Alphabet Inc. Class C | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, buybacks, cloud, Margins, Search | View Pitch |
| Jan 8, 2026 | Fund Letters | Nick Thomson | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, Competitive Advantage, Distribution, Search, tech giants, valuation | View Pitch |
| Jan 8, 2026 | Fund Letters | Jeremy Kokemor | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Regulation, Search | View Pitch |
| Jan 8, 2026 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Technology | Internet Content & Information | Bull | NASDAQ Stock Market | advertising, AI, Alphabet, Cloud computing, Competitive Advantage, Google, Long-term holding, Search business, technology, Waymo | View Pitch |
| Dec 6, 2025 | Fund Letters | David M. Poppe | Alphabet Inc. Class C | Communication Services | Internet Content & Information | Bull | NASDAQ | advertising, AI, cloud, innovation, Search | View Pitch |
| Dec 3, 2025 | Fund Letters | Harvey Warren Sax | Alphabet, Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, buybacks, cloud, Free Cash Flow | View Pitch |
| Nov 29, 2025 | Fund Letters | Brian Campbell | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Cost control, diversification, growth, innovation | View Pitch |
| Nov 29, 2025 | Fund Letters | Cornelius Zeeman | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cashflow, cloud, growth, innovation, Margins, Regulation, Search, YouTube | View Pitch |
| Nov 29, 2025 | Fund Letters | Harvey Warren Sax | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, buybacks, cloud, Dominance, Margins, recurring revenue | View Pitch |
| Nov 29, 2025 | Fund Letters | Jay Hill | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, cloud, digital advertising, FCF, growth, profitability, Reinvestment, Scalability | View Pitch |
| Nov 29, 2025 | Fund Letters | Michael McCloskey | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | AI, buybacks, cloud, growth, innovation, Regulation, Search | View Pitch |
| Nov 29, 2025 | Fund Letters | Julien Albertini | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, buybacks, cloud, Legal, Margins, monetization | View Pitch |
| Nov 29, 2025 | Fund Letters | Tyler Hardt | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, Chips, cloud, diversification, FCF, platform, productivity | View Pitch |
| Nov 29, 2025 | Fund Letters | Brian Campbell | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, cloud, Cost control, diversification, growth, innovation | View Pitch |
| Nov 28, 2025 | Fund Letters | Harvey Warren Sax | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, buybacks, cloud, Dominance, Margins, recurring revenue | View Pitch |
| Nov 28, 2025 | Fund Letters | Julien Albertini | Alphabet Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | advertising, AI, buybacks, cloud, Legal, Margins, monetization | View Pitch |
| Nov 10, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI, Alphabet, antitrust case, CapEx, Cloud computing, digital advertising, innovation, Regulatory Risks, Revenue Growth | View Pitch | ||
| Nov 10, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI, Alphabet, buybacks, Department of Justice, dividends, Google, growth, Regulatory, technology, valuation | View Pitch | ||
| Nov 10, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI solutions, Alphabet, DOJ rulings, financial strength, Google, innovation, market dominance, regulatory outcomes, shareholder returns, technology | View Pitch | ||
| Nov 8, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI monetization, AI revolution, Alphabet Inc., Cloud computing, data centers, Google Cloud, investment strategy, market share, operating income, technology | View Pitch | ||
| Nov 4, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Neutral | AI, Alphabet Inc., CapEx, Cloud computing, Google, investment strategy, operating margins, PEG ratio, Revenue Growth, valuation | View Pitch | ||
| Oct 30, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI investments, Alphabet Inc., Free Cash Flow, Google Cloud, Google Search, growth, Q3 earnings, technology, valuation, YouTube ads | View Pitch | ||
| Oct 30, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI, Alphabet Inc., autonomous vehicles, Gemini, Google Cloud, profitability, Streaming, technology, Waymo, YouTube | View Pitch | ||
| Oct 30, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | advertising, AI integration, Alphabet, autonomous vehicles, Cloud computing, Google Cloud, Google Search, Streaming, Waymo, YouTube | View Pitch | ||
| Oct 15, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI innovation, Diverse Portfolio, investment potential, Stable Growth, technology | View Pitch | ||
| Sep 30, 2025 | Seeking Alpha | Seeking Alpha | Alphabet Inc. | Internet Content & Information | Bull | AI leadership, AI market share, Alphabet Inc., cloud computing growth, Gemini models, Google, Google Cloud, investment opportunity, mega-cap tech, Undervalued Stock | View Pitch | ||
| Sep 1, 2025 | Substack | Alpha Seeker 84 | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | AI infrastructure, Alphabet Inc., CapEx, digital advertising, Free Cash Flow, Google, Google Cloud, search engine, technology, YouTube growth | View Pitch | |
| Aug 13, 2025 | Seeking Alpha | Oakoff Investments | Alphabet Inc. | Communication Services | Internet Content & Information | Bear | NASDAQ | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Hawkinvest | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Finance Flash | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Michael B Howard | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Aseity Research | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Shubhm Mitessh Thakkar | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Victor Dergunov | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Juxtaposed Ideas | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Michael Del Monte | Alphabet Inc. | Communication Services | Internet Content & Information | Neutral | NASDAQ | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Rick Orford | Alphabet Inc. | Communication Services | Internet Content & Information | Bull | NASDAQ | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Mikhail Fedorov | Alphabet Inc. | Communication Services | Internet Content & Information | 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. | ||||||||