GSHD Archives

GSHD

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q3	Sep 30, 2025	Langdon Global Smaller Companies	-2.7%	7.5%	4490.T, DOC.VI, GSHD, JLG.AX, KI, RBREW.CO, SAFE.L, YETI	cash flow, financials, global, industrials, Quality, small caps, valuation	Portfolio focuses on smaller companies with market caps between $1.5-7.5 billion where the manager finds the best combination of scalability and entrepreneurial agility. Valuations for smaller companies remain compressed relative to larger peers, with many holdings trading at mid-teens earnings multiples despite high returns on capital.		View
2025 Q2	Jul 21, 2025	Wasatch Small Cap Growth Strategy	-	-	AGYS, BRBR, CWAN, FN, GSHD, NVMI	AI, growth, Quality, small caps, technology, volatility	Two technology companies benefited from increasing artificial intelligence usage. Fabrinet makes optical components for data centers while Nova sells metrology systems for semiconductor manufacturing. AI has been a popular investment theme driving stock performance.	AGYS NVMI FN GSHD CWAN BRBR GSHD	View
2025 Q1	Apr 23, 2025	Polen Capital – U.S. Small Company Growth	-10.8%	-10.8%	AAON, AIT, BROS, ELF, EXLS, FOXF, GLOB, GSHD, MEDP, MODG, NSIT, PCTY, PGNY, RMBS, RVLV, TECH, TREX, WRBY, YETI	consumer discretionary, growth, Portfolio Management, Quality, small caps, tariffs, volatility	The first quarter was marked by heightened volatility due to concerns about the Trump administration's emerging trade policies and global tariff imposition. The managers stress-tested their businesses across various tariff policy scenarios and made portfolio adjustments, particularly exiting Consumer Discretionary positions vulnerable to tariff uncertainty.	TECH RVLV ELF GLOB GSHD EXLS BROS	View
2025 Q1	Apr 22, 2025	Polen Capital – Global SMID Company Growth	-5.0%	-5.0%	8136.T, AXSB.NS, BAH, ELF, GLOB, GSHD, KLYJ.NS, SAIA, TTEK	Beauty, gaming, global, growth, international, Quality, small caps, SMID Cap	Polen Capital focuses on resilient businesses that can self-fund growth and execute across various economic backdrops. The quality growth investment style underperformed during the quarter as value outperformed growth.	SAIA KLYJ.NS ELF GLOB LOTTO.MI GSHD 8136.T	View
2025 Q1	Apr 22, 2025	Polen Capital – U.S. SMID Company Growth	-12.7%	-12.7%	ALGN, BAH, CRL, ELF, ENTG, ETSY, FIX, GLOB, GSHD, MANH, NSIT, PAYC, PGNY, RMBS, ROAD, RVLV, SAIA, TREX, WING, YETI	Construction, consumer discretionary, growth, Quality, SMID Cap, software, tariffs, volatility	Market volatility driven by Trump administration's tariff policies and trade uncertainty. Managers stress-testing portfolios across various tariff scenarios and exiting positions vulnerable to tariff impacts like Yeti and Align Technology due to China/Mexico manufacturing exposure.	MANH WING FIX ROAD SAIA	View
2026 Q1	Apr 15, 2026	Langdon Global Smaller Companies	-15.7%	-15.7%	GSHD, TOI.TO	AI, Concentration, Drawdown, fundamentals, global, small caps, value			View
2022 Q3	Oct 26, 2022	Polen Capital – U.S. Small Company Growth	7.4%	-0.9%	AMN, AZTA, EEF GR, GSHD, PCTY, PGNY, WING, YETI	-			View
2022 Q3	Oct 26, 2022	Polen Capital – U.S. SMID Company Growth	8.8%	-1.3%	BMBL, DT, EEFT, GSHD, PAYC, TTD, WING, YETI	-			View
2024 Q3	Oct 23, 2024	Polen Capital – U.S. Small Company Growth	7.4%	-0.9%	AIT, ALIT, ALRM, APPF, BROS, DOCS, ELF, GSHD, HL, IBP, NSIT, NVEE, PCTY, PGNY, RGEN, RH, RMBS, ROAD, RVLV, SITM	growth, healthcare, Quality, small cap, technology, volatility	The fund focuses exclusively on U.S. small cap growth companies, noting that high-quality small cap companies have great latent potential for growth and are trading at significantly below-average valuations. The managers believe the highest quality small cap companies are more likely to take advantage of strong balance sheets and reinvestment to enhance their competitive position.		View
2024 Q3	Oct 23, 2024	Langdon Global Smaller Companies	9.0%	16.7%	CSWI, DQ, ESQ, FEVR.L, GSHD, HEINY, JLG.AX, MEDP, NVDA, ROYAL.CO, YETI	Europe, global, Research, small caps, software, Travel	The manager spent 2+ months in Lyon, France testing an extended stay approach to investment research, conducting dozens of meetings across Western Europe. This 'invest like a local' philosophy involves understanding local context through extended presence rather than brief hotel-based visits.	ALSK.PA YETI	View
2023 Q3	Oct 19, 2023	Polen Capital – Global SMID Company Growth	7.4%	-2.4%	0696.HK, ALIT, CCCS, DOXY, FIVE, GSHD, MORN, PGNY, XPEL, YETI	Automotive, global, growth, healthcare, insurance, SMID Cap, technology	Goosehead Insurance delivered robust results with 31% revenue growth and 36% premium increases, continuing to execute its plan to clean up corporate organization and return to pre-COVID productivity metrics. The company benefits from strong broker upgrades and S&P Small Cap Index inclusion.	XPEL PGNY MORN 0696.HK AMDOCS FIVE ALIT CCCS YETI GSHD	View
2023 Q3	Oct 19, 2023	Polen Capital – U.S. Small Company Growth	7.4%	-0.9%	ALIT, ALTR, CCCS, CWA, DCGO, DOCS, EEFT, EXL, FTCH, GSHD, LESL, OLO, XPEL, YETI	growth, insurance, Quality, small caps, software, technology	Small cap companies as an asset class are heavily discounted relative to history, presenting attractive opportunities regarding valuation and the prospect of persistent growth. High quality small cap companies have greater latent potential for growth relative to more mature businesses and can quickly reduce spending and increase profitability if needed.	EXLS XPEL CLWD ALIT AMDOCS EEFT YETI CCCS GSHD	View
2023 Q3	Oct 19, 2023	Polen Capital – U.S. SMID Company Growth	8.8%	-1.3%	CPRT, CWA, DOCS, FTCH, GLOB, GSHD, OLO, PAYC, YETI	growth, insurance, Quality, small caps, software, technology	Polen emphasizes building a portfolio for resilience amid macroeconomic uncertainty. They focus on businesses with robust free cash flow, persistent growth, and high returns on capital that can navigate rapidly shifting conditions through disciplined investment processes.	ASIC\|CWAN\|INSP\|KRMN\|KTOS\|MAC\|MEG\|RH\|WYNN PAYC AMDOCS FTCH YETI ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM GSHD	View
2024 Q3	Oct 18, 2024	Polen Capital – U.S. SMID Company Growth	8.8%	-1.3%	AIT, ALIT, BAH, BLD, CWAN, DOCS, ELF, FIVE, GSHD, HLNE, MKTX, MPWR, PGNY, POOL, REVL, RGEN, RH, SITM, TTEK, TYL	Concentration, earnings, growth, Quality, SMID Cap, value, volatility	elf Beauty represents a discount beauty company focused on cosmetics and skincare with impressive track record for growth, margins, and returns on capital. The company is uniquely positioned due to its reputation for quality, innovation, and prices well below other mass cosmetics brands, with significant room for growth in brand awareness, shelf space expansion, and international markets.	BAH AIT BLD ELF PGNY HLNE RVLV GSHD	View
2024 Q3	Oct 18, 2024	Polen Capital – Global SMID Company Growth	7.4%	-2.4%	8112.HK, ALIT, BLD, CWAN, ELF, EXLS, FEVR.L, FIVE, GSHD, KNSL, MPWR, PGNY, REVG, TECH, TME, TTEK	global, growth, portfolio, Quality, SMID Cap	Polen focuses on high-quality companies with solid fundamentals, competitive advantages, and strong business models. The managers emphasize their disciplined approach to selecting companies that meet high hurdles for growth and returns. They maintain conviction in their quality growth-oriented portfolio despite recent volatility.		View
2024 Q4	Jan 30, 2025	Langdon Global Smaller Companies	3.6%	19.8%	ATG.L, ESQ, FEVR.L, GSHD, RBREW.DC, SFE.L, SKWD, WOSG.L	Beverages, global, insurance, private credit, small caps, value	Westaim's successful exit from Skyward Specialty Insurance delivered approximately 2.5-3x multiple of capital with 13% gross annualized return. CC Capital's investment brings insurance platform expertise to create an insurance-led asset management model similar to Apollo/Athene and Ares/Aspida.	RBREW.DC FEVR.L WED.TO	View
2024 Q4	Jan 23, 2025	Polen Capital – U.S. Small Company Growth	4.7%	3.8%	AIT, ALRM, AMN, BDC, BROS, CWAN, EEFT, FN, GSHD, HLI, IBP, NSIT, NVEE, OPCH, PCTY, RMBS, RVLV, SITE, TREX, WRBY, WSC	AI, growth, Quality, small cap, technology, value	The market was dominated by crowded AI trades and high beta AI-adjacent growth companies that outperformed significantly. While Polen did not own these lower-quality AI stocks, they believe their portfolio is well-positioned to benefit from Gen AI-driven transformation in a more sustainable, long-term manner.	BDC FN TREX WSC BROS RVLV WRBY	View
2024 Q4	Jan 23, 2025	Polen Capital – Global SMID Company Growth	7.4%	-2.4%	8112.T, ALIT, BLD, CWAN, ELF, EXLS, FEVR.L, FIVE, GSHD, KNSL, MPWR, PGNY, REVG, TECH, TME, TTEK	global, growth, Quality, SMID Cap, underperformance, volatility	Initiated position in elf Beauty, a cosmetics company with reputation for quality and innovation at considerably lower prices than other mass cosmetics brands. The company has robust growth potential with low brand awareness, expanding shelf space, growing product portfolio, and early international expansion opportunities.		View
2024 Q4	Jan 23, 2025	Polen Capital – U.S. SMID Company Growth	2.7%	1.4%	ALRM, AZPN, BAH, BLD, BROS, BSY, CWAN, EEFT, ENTG, FND, FOXF, GSHD, HLI, HLNE, NSIT, PAYC, PSTG, RMBS, RVLV, TREX, TYL, WRBY, WSC	AI, growth, Quality, semiconductors, SMID Cap, software, technology, value	The market was dominated by crowded AI trades in 2024, with high-beta AI-adjacent growth companies outperforming. While Polen did not own these lower-quality AI stocks, they believe their portfolio is well-positioned to benefit from GenAI-driven transformation in a more sustainable, long-term manner.	BROS WSC PSTG NSIT BSY ENTG RMBS GSHD WRBY RVLV	View
2023 Q4	Jan 18, 2024	Polen Capital – U.S. SMID Company Growth	8.8%	-1.3%	CNM, FIVE, FOXF, GNRC, GSHD, MEDP, MKTX, PAYC, POOL, TECH, TREX, TTD, WING	growth, healthcare, Quality, Resilience, SMID Cap, technology	The fund focuses on high-quality businesses with robust free cash flow, persistent growth, and high returns on capital. They seek companies with resilient financial models, strong balance sheets, and the ability to self-fund growth. The portfolio is purpose-built for financial resiliency, owning only what research suggests to be the highest quality companies in their asset class.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	Polen Capital - Global SMID Company Growth	Goosehead Insurance	Financials	Insurance Brokers	Bull	NASDAQ	Brokerage, Casualty, Insurance, margin expansion, Personal Lines, post-COVID recovery, Property, Revenue Growth	View Pitch
Apr 28, 2026	Fund Letters	Polen Capital - U.S. Small Company Growth	Goosehead Insurance	Financials	Insurance Brokers	Bull	NASDAQ	Agent Productivity, Brokerage, Cost efficiency, Disruptive Business Model, financial services, Insurance, Personal Lines	View Pitch
Apr 28, 2026	Fund Letters	Polen Capital - U.S. SMID Company Growth	Goosehead Insurance	Financials	Insurance Brokers	Bull	NASDAQ	Agent Productivity, Brokerage, Cost efficiency, Disruptive Business Model, Insurance, market share gains, Personal Lines	View Pitch
Apr 13, 2026	Fund Letters	Polen Capital - U.S. Small Company Growth	Goosehead Insurance Inc.	Financials	Insurance Brokers	Bull	NASDAQ	Agent Network, digital platform, financials, insurance brokerage, P&C insurance, premium growth, Technology Enabled	View Pitch
Apr 13, 2026	Fund Letters	Polen Capital - Global SMID Company Growth	Goosehead Insurance	Financials	Insurance Brokers	Bull	NASDAQ	Contingent Commissions, EBITDA Margin Expansion, financial services, franchise model, growth, Insurance Broker, US	View Pitch
Apr 13, 2026	Fund Letters	Wasatch Small Cap Growth Strategy	Goosehead Insurance, Inc.	Financials	Insurance Brokers	Bull	NASDAQ	franchise model, insurance brokerage, market share gains, operational efficiency, technology platform	View Pitch
Apr 13, 2026	Fund Letters	Polen Capital - U.S. SMID Company Growth	Goosehead Insurance	Financials	Insurance Brokers	Bull	NASDAQ	Agent Network, digital platform, financial services, insurance brokerage, productivity, Technology Enabled	View Pitch
Apr 13, 2026	Fund Letters	Polen Capital - U.S. SMID Company Growth	Goosehead Insurance	Financials	Insurance Brokers	Bull	NASDAQ	digital platform, insurance brokerage, market share gains, Productivity Improvement, Revenue Growth	View Pitch
Jan 8, 2026	Fund Letters	JB Taylor	Goosehead Insurance, Inc.	Financials	Insurance	Bull	NASDAQ	Brokerage, franchise, Insurance, productivity, scaling, technology	View Pitch
Sep 16, 2025	Short Thesis	Wolfpack	Goosehead Insurance Inc	Financials	Insurance Brokers	Bear	NASDAQ	Attrition, Commissions, franchise, Insurance, valuation	View Pitch

BSD Shareholders of GSHD

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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.

GSHD

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Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of GSHD

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