HFG-DE

HFG-DE

HFG-DE

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 28, 2025	Harry Qelm Baabsman	-	9.7%	ADBE, BIRD, BWA, CRM, FLNC, GOOGL, HFG.DE, LIGHT.AS, LYFT, MGA, NVDA, NXT, PUM.DE, S92.DE, SEDG, SHOP.TO, THO, VWSB.CO, ZAL.DE, ZM	AI, clean energy, Cloud, E-Commerce, Solar, technology, value, Wind	Solar equipment companies like Nextracker grew 59% since December, while SMA Solar and SolarEdge combined grew 50%. The fund sees solar as a primary energy source with rapidly increasing presence, moving from below 0.5% to 5-7% of total energy consumption and above 10% of electricity generation worldwide.	ADBE PUM GR VWSB GR NXT ZAL GR ZM CRM	View
2024 Q2	Jul 19, 2024	Harry Qelm Baabsman	-	-16.5%	ADBE, AMZN, ASC.L, CRM, CSIQ, ENPH, GOOGL, HFG.DE, NVDA, PUM.DE, SEDG, SIGNF, TPIC, ZAL.DE, ZM	clean energy, Cloud, Cyclical, Europe, growth, long-term, value	The fund is heavily invested in clean energy companies, particularly solar energy firms like SolarEdge and Canadian Solar. The manager expects a recovery in the clean energy sector by 2025 after the current oversupply cycle. Solar energy installations continue to grow globally, with 2022 seeing 1185 Gigawatts installed.	TPIC HFG.DE SEDG	View
2025 Q2	Jul 15, 2025	Highwood Value Partners	-	4.2%	ALIM.ST, BOL.PA, BORR.OL, BUR.L, FEVR.L, GETB.L, HFG.DE, JZCP.L, MOTR.L, PROT.OL, RYA.L, TRI.PA	Beverages, Europe, insurance, small caps, SMID Cap, Travel, value	Highwood focuses on finding great businesses at attractive prices trading at significant discounts to intrinsic value. The portfolio trades at 48 cents on the dollar of estimated intrinsic value with a median P/E of 7.6x. The firm's research identified that international small and mid-cap companies have been the happy hunting ground for value investors, with European companies showing the highest base rates for delivering 4x returns.	TRI.PA BORR HFG BOL BUR LN JZCP LN MOTR LN FEVR LN PROT NO TRI FP	View
2025 Q1	Apr 22, 2025	Optimist Fund	-4.9%	-4.9%	CVNA, DASH, FA, FVRR, HFG.DE, LIDR, MNDY, RVLV, TDUP, UBER, W	consumer, E-Commerce, growth, long-term, profitability, Recovery, technology	Multiple e-commerce companies featured prominently including ThredUp (secondhand fashion marketplace), Revolve (fashion e-commerce), and Wayfair (home goods e-commerce). Manager views short-term pressure on consumer discretionary as noise and remains focused on long-term fundamentals.	AEO\|ASH\|ASUR\|AZZ\|DCO\|FA\|FBIN\|GHM\|LEU\|NSP\|RRR\|UTZ 1216.TW REVL HFG AAPL\|LLY\|META\|MSFT\|NFLX\|NVDA\|PEP\|SBUX\|UBER\|UNH CVNA TDUP	View
2024 Q4	Feb 19, 2025	Harry Qelm Baabsman	-	-8.5%	AAPL, ADBE, AMZN, BIRD, CRM, CSIQ, GOOGL, HFG.DE, LIGHT.AS, META, MSFT, NVDA, NXT, PUM.DE, SEDG, SHOP, TPIC, TSLA, ZAL.DE, ZM	clean energy, Europe, long-term, technology, undervalued, value	The fund maintains deep exposure (up to 30% of portfolio) to wind, solar, and battery companies despite extreme sector decline in 2024. Manager views this as cyclical weakness similar to post-Fukushima crisis 2011-2013, with mathematical evidence showing global power generation shifting toward renewables at 3-5x the rate of fossil fuel installations.		View
2025 Q3	Oct 22, 2025	Optimist Fund	9.1%	44.5%	CVNA, DASH, FADU, FVRR, HFG.DE, MEDP, MNDY, RVLV, SWIM, TDUP, UBER, W	Biotech, Cyclical, E-Commerce, growth, mid cap, Recovery, technology	The fund sees acceleration in cyclical e-commerce holdings like Wayfair and ThredUp that have been in multi-year downswings. Wayfair delivered strong growth with revenue up 5-6% and expanding margins, while ThredUp posted 16% revenue growth with strong operating leverage.	MEDP CVNA TDUP W MEDP CVNA TDUP W	View
2024 Q3	Oct 16, 2024	Optimist Fund	27.8%	49.2%	ACVA, CIGI, CVNA, DASH, FA, HFG.DE, LIDR, MNDY, REVL, UBER, W	Cyclical, E-Commerce, growth, mid cap, value	The fund holds multiple e-commerce positions including Carvana (online used car sales), Revolve (fashion e-commerce), and Wayfair (home goods). Carvana continues strong performance with 30%+ unit growth and superior margins. Revolve showed accelerating revenue growth and expanding margins.	POOL AEO\|ASH\|ASUR\|AZZ\|DCO\|FA\|FBIN\|GHM\|LEU\|NSP\|RRR\|UTZ HFG.DE CVNA	View
2024 Q4	Jan 6, 2025	Infuse Partners	-	12.0%	AXON, HFG.DE, MELI, NU, NVDA, TSLA	Concentration, growth, LatAM, Quality, technology, value	MercadoLibre continues to spin its commerce/payments flywheel with fintech business now much larger than original e-commerce platform. Beautiful synergy exists as on-platform payments lower friction for commerce business and faster delivery times lead to more orders and payments.	AAPL\|LLY\|META\|MSFT\|NFLX\|NVDA\|PEP\|SBUX\|UBER\|UNH HFG.DE ACGL\|CHH\|FDS\|GWRE\|IBKR\|IDXX\|MTN\|SPOT\|TSLA SHEL.L ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM AXON	View
2024 Q1	Jul 4, 2024	Gehlen Brautigam	0.7%	6.8%	AKW.PA, ANM.MI, BALCO.ST, BLV.L, GUI.PA, GYM.L, HFG.DE, IWB.MI, IWG.L, KAMUX.HE, KSB3.DE, MAB.L, NA9.DE, ORG.L, PHLL.L, SAFH.DE, SKB.DE, STO3.DE, TPFG.L	Europe, Franchising, Property, Recovery, small cap, Uk, value	The UK housing market is facing substantial disruptions since 2022 with significant turmoil in 2023. The property sales market has been in decline over the past two years with only signs of recovery in early 2024. The lack of housing supply continues with landlords facing ongoing legislative and financing challenges.	TPFG.L	View
2024 Q4	Jan 20, 2025	Optimist Fund	11.6%	66.5%	ACVA, BFIT.AS, CRCT, CVNA, DASH, DSV.CO, FIGS, HFG.DE, LATM, MNDY, REVL, TDUP, TDY, UBER, W, XPOF	consumer, E-Commerce, growth, Logistics, mid cap, profitability, technology	Multiple e-commerce holdings including Carvana (used car retail), DoorDash (food delivery), Revolve (fashion), and Wayfair (home goods) represent core portfolio positions. The manager sees significant growth potential as these companies gain market share and improve profitability despite challenging market conditions.	TDUP 1216.TW POOL RVLV HFG.DE DASH CVNA	View
2024 Q4	Jan 15, 2025	Highwood Value Partners	-	4.6%	ALIM.ST, BOL.PA, BORR, BUR.L, FEVR.L, GETB.L, HFG.DE, JZCP.L, MOTR.L, PROT.OL, RYA.L	Europe, Long Term, Quality, SMID Cap, valuation, value	Manager emphasizes buying great businesses at attractive valuations as the core investment approach. Portfolio trades at 0.47x intrinsic value with median P/E of 8.1x versus US markets at historically high valuations. European markets offer compelling value opportunities with select markets at all-time low valuations.	HFG.DE FEVR.L	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	Harry Qelm Baabsman	HelloFresh SE	Consumer Discretionary	Internet & Direct Marketing Retail	Bull	XETRA	Consumer Discretionary, e-commerce, Europe, EV/Sales, market leader, Meal Kit Delivery, Subscription, Value	View Pitch
Apr 13, 2026	Fund Letters	Infuse Partners	HelloFresh SE	Consumer Staples	Food & Staples Retailing	Bull	Frankfurt Stock Exchange	food distribution, founder-led, low valuation, Meal kits, Operational Leverage, Ready-to-Eat Meals, turnaround	View Pitch
Apr 13, 2026	Fund Letters	Optimist Fund	HelloFresh SE	Consumer Staples	Food & Staples Retailing	Bull	XETRA	business model validation, Contrarian Investment, European Consumer, Free Cash Flow, Meal Kit Delivery, Subscription Commerce	View Pitch
Apr 13, 2026	Fund Letters	Optimist Fund	HelloFresh SE	Consumer Staples	Food Retail	Bull	XETRA	EBITDA multiple, Europe, food delivery, Free Cash Flow, insider buying, Meal-Kit, turnaround	View Pitch
Apr 13, 2026	Fund Letters	Highwood Value Partners	HelloFresh SE	Consumer Discretionary	Internet & Direct Marketing Retail	Bull	XETRA	e-commerce, founder-led, Germany, Logistics Platform, margin expansion, market leader, Meal kits, net cash, Ready-to-Eat, Scale Advantages, Share Buybacks, US	View Pitch

BSD Shareholders of HFG-DE

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.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: