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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Jun 30, 2024 | Trojan Fund from Troy Asset Management | - | 3.8% | AXP, DEO, GOOGL, HEINY, MSFT, NESN.SW, NVDA, UL, V | AI, Elections, gold, inflation, Multi-Asset, Politics, Uk, US | Markets have risen to new highs driven by excitement around vast investments into Artificial Intelligence, though fatigue is setting in with some questioning the potential return on billions invested into generative AI. The narrowness of returns with Nvidia alone accounting for 30% of the S&P 500 rally is concerning and often occurs late in market cycles. | View | |
| 2025 Q1 | Mar 31, 2025 | Hotchkis & Wiley Global Value Fund | 6.0% | 6.0% | AIG, BAB.L, CMCSA, CVS, D, ELV, ERIC, FFIV, FIS, GOOGL, HEINY, SHEL, SIE.DE, WDAY, WPP | Europe, global, healthcare, industrials, Outperformance, technology, valuation, value | Value significantly outperformed growth in Q1 2025, with MSCI World Value returning +4.8% versus -7.8% for growth. The valuation spread between growth and value remains wide at 27x vs 15x price to normal earnings, suggesting promising outlook for value investing. The portfolio trades at an attractive 9x price to normal earnings ratio. | WDAY GOOGL WPP SIE.DE BAB.L CVS |
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| 2024 Q4 | Dec 31, 2024 | Trojan Fund from Troy Asset Management | - | 6.7% | AAPL, AMZN, COST, DEO, GOOGL, HEINY, META, MSFT, NESN.SW, NVDA, TSLA, UL, V, VRSN | AI, Bubbles, gold, infrastructure, Multi-Asset, rates, technology, Valuations | AI's potential is facilitating huge infrastructure investment and laying foundations for technology with profound significance. The adoption and monetisation of AI is occurring faster than previous technological shifts thanks to pre-existing internet infrastructure. Large language models are already impressive across applications, with a step change in cost of training and consuming models occurring. | 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 |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||