JD.L Archives

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 14, 2025	L1 Capital Long Short Fund	12.2%	-	AIR.PA, FTT.TO, HBM.TO, JD.L, LSF.AX, NKE, NXE.TO, QAN.AX, SGH.AX, STO.AX, VEA.AX	Australia, commodities, global, infrastructure, Long/Short, Mining, Trade Policy, value	Portfolio has exposure to copper through companies like Hudbay Minerals and added to copper exposure during April volatility. Declining grades at Chilean copper mines require more material movement, driving demand for mining equipment. Copper World project will increase Hudbay's copper production by more than 50%.	FTT.TO AIR FP QAN AU STO AU VEA AU HBM CN NXE CN FTT CN	View
2025 Q1	Mar 31, 2025	L1 Capital Long Short Fund	1.3%	1.3%	BSL.AX, FLTR.L, FRA.DE, IMD.AX, JD.L, JHX.AX, LLOY.L, MIN.AX, RMV.L, VEA.AX	Australia, Europe, gold, infrastructure, Long/Short, Trade Policy, value, volatility	Gold sector rallied during the quarter as gold prices moved up ~19% amidst market and economic instability. The fund sees a favourable outlook for gold in the medium term supported by central bank buying and elevated macro and geopolitical risks. Gold equities continue to trade at exceptionally low valuations despite gold price increases.		View
2025 Q1	Mar 31, 2025	Forager International Shares Fund	-3.0%	-3.0%	4733.T, CAT, CLH, CRH, CROX, FI, FLTR.L, FOUR, INGA.AS, JD.L, LLOY.L, MOTR.L, NUTX, NXT, YETI, ZBRA	Cash, deployment, Europe, healthcare, small cap, tariffs, volatility	Trump's erratic tariff measures represent the largest upheaval to global trade since the Second World War. The unstructured, ad-hoc calculations behind which country gets whacked with what tariffs have erased confidence that there is a grand strategy in mind. These tariffs represent an enormous tax on already-struggling US consumers and are likely to cause a recession.	NUTX	View
2025 Q1	Mar 31, 2025	Platinum International Brands Fund	-6.0%	-6.0%	0700.HK, AMZN, BIRK, EL.PA, GOOGL, HLN.L, ITX.MC, JD, JD.L, META, NESN.SW, PNDORA.CO, V, ZTS	brands, China, consumer, E-Commerce, Luxury, tariffs, technology	The Fund holds significant positions in e-commerce platforms including Amazon and JD.com, which benefited from Chinese tech sector recovery and DeepSeek AI developments.		View
2024 Q4	Dec 31, 2024	Platinum International Brands Fund	12.0%	21.0%	AAPL, AMER, AMZN, BIRK, CFR.SW, ELF, GOOGL, HLN.L, ITX.MC, JD.L, META, NIKE, PAN.CO, PUMA.DE, SJP.L, TCOM, ZTS	Beauty, brands, consumer, global, Luxury, Travel	The luxury industry is in recession as the Covid boom has turned to bust, starting with a fall away in the US and European aspirational buyer, followed by a 30% fall in Chinese demand. Despite the downturn, Richemont's jewellery houses continue to grow while most other luxury houses saw declines.		View
2025 Q1	Mar 31, 2025	Distillate Capital International	8.4%	8.4%	000660.KS, 1898.HK, 4063.T, ABEV, BABA, GFI, HEI.DE, HMY, HO.PA, JD, JD.L, NOVN.SW, P911.DE, ROG.SW, TFII, TSM	AI, international, Quality, tariffs, uncertainty, valuation	Announced tariffs of around 23% represent the largest trade shock in a century, potentially creating enormous inflationary pressures and economic uncertainty. The scale of potential tariff impact on GDP is unprecedented, with complex follow-on effects including potential retaliation, supply chain disruption, and business investment uncertainty.		View

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jan 23, 2026	Twitter / X	@HiddenValueGems	JD Sports Fashion plc	Consumer Discretionary	Apparel Retail	Neutral	London Stock Exchange	Adidas, Brand, Nike, Nike Adidas, sports, Supplier, Temporary, UK	View Pitch

BSD Shareholders of JD-L

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

JD-L

JD-L

Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of JD-L

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: