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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 7, 2025 | Meridian Hedged Equity Fund | 4.9% | - | CVX, HUN, KVUE, MGM, MSFT, VST | capital preservation, downside protection, Hedging, Options, volatility | The commentary focuses on managing downside risk through selective hedging while maintaining equity upside. Covered calls and disciplined stock selection are used to smooth returns across market cycles. Capital preservation is framed as central to long-term compounding. | MGM MSFT VST |
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| 2024 Q4 | Feb 11, 2025 | Invesco Small Cap Value Fund | 4.3% | 24.5% | HUN, ICLR, LITE, MSM, MXL, ONTO, TECK, VST | - | View | ||
| 2025 Q4 | Jan 21, 2026 | White Falcon Capital Management | 5.6% | 28.4% | AFN.TO, AMD, AMZN, ATZ.TO, CSIQ, EPAM, FNV, GRFS, HUN, NFI.TO, NU, RGLD, RTO.L, TFPM, W | AI, Chemicals, Cyclical, gold, semiconductors, Solar, technology, value | AMD is positioned as a high-performance computing leader that has taken market share from Intel and emerged as credible No. 2 in GPUs behind Nvidia. Management has guided to approximately $10 in EPS for FY2027E and more than $20 in EPS by 2030E, suggesting significant upside potential. EPAM was initially deemed an AI loser but the market is realizing that corporations need core systems modernized before AI deployment, custom agents require high-end development, and EPAM can incorporate AI into its delivery organization. The AI sector shows characteristics of frothy environment with elevated valuations. Solar has quietly become the cheapest source of power in many places without subsidies. Canadian Solar was trading at roughly a quarter of its sum-of-the-parts value due to depressed sentiment. Solar stocks have become AI beneficiaries as solar plus storage is seen as viable option to supply clean power to datacenters. Precious metals holdings in Royal Gold, Triple Flag and Franco-Nevada were responsible for a third of gains this year. Gold was up 64% and silver up 146% for the year. The allocation was intended to serve as a hedge against macroeconomic volatility. Huntsman operates as a focused specialty chemicals company with three primary segments. The MDI market faces supply glut and pricing pressure but longer-term green building standards drive demand. The company has high operating leverage and potential to benefit when the industry cycle turns. | HUN NFI NU EPAM AMD |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 24, 2026 | Fund Letters | Balkar Silvia | Huntsman Corporation | Materials | Specialty Chemicals | Bull | New York Stock Exchange | Chemicals, Cyclicals, Housing, Operatingleverage, restructuring | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $9.7M | 0.02% | 970,857 | -330,593 | -25.40% | 0.4124% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $17.8M | 0.02% | 1,777,252 | +1,375,596 | +342.48% | 0.7549% |
| Richard Pzena | Pzena Investment Management | $33.4B | $57.1M | 0.17% | 5,705,178 | +311,312 | +5.77% | 2.4233% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $1.2M | 0.00% | 121,371 | -412,744 | -77.28% | 0.0516% |
| Israel Englander | Millennium Management LLC | $233.2B | $31.6M | 0.01% | 3,155,872 | -189,600 | -5.67% | 1.3404% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $16.7M | 0.02% | 1,673,316 | -1,168,194 | -41.11% | 0.7107% |
| Cliff Asness | AQR Capital Management | $190.6B | $114.0M | 0.06% | 11,404,040 | -658,932 | -5.46% | 4.8438% |
| Bruce Kovner | Caxton Associates | $3.2B | $241,368 | 0.01% | 13,387 | +13,387 | +100.00% | 0.0103% |
| Mario Gabelli | GAMCO Investors | $10.4B | $3.2M | 0.03% | 323,500 | +30,000 | +10.22% | 0.1374% |
| George Soros | Soros Fund Management | $6.8B | $59.0M | 0.87% | 5,900,000 | +5,900,000 | +100.00% | 2.5060% |