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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q4 | Feb 18, 2026 | The Gabelli ABC Fund | 0.5% | 6.1% | CFLT, EXAS, FOX, FRGE, GTLS, HOLX, KKR, KMB, KVUE, LEN, NEM, NFG, NFLX, PAAS, PSKY, TGNA, TXNM, WBD | arbitrage, healthcare, industrials, M&A, private equity, technology | Multiple biotech and pharmaceutical M&A deals closed during the quarter, including Akero Therapeutics acquired by Novo Nordisk for $54.00 per share plus CVR, Metsera acquired by Pfizer after outbidding Novo Nordisk, and Tourmaine Bio acquired by Novartis for $48.00 per share. M&A volume activity reached $4.6 trillion in 2025, representing a 49% increase from the previous year and the highest since 2021. Technology, industrials, and financials were the top sectors for M&A activity, accounting for over $2 trillion in deal activity. | ALE HOLX EXAS GTCH |
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| 2025 Q4 | Jan 12, 2026 | Heartland Mid Cap Value Fund | -1.9% | 0.1% | JBHT, KMB, MKTX | AI, Capital markets, financials, industrials, Logistics, mid cap, Quality, value | The fund employs a two-bucket approach combining Quality Value and Deep Value strategies. High-quality value stocks continued to lag speculative parts of the market, with valuation disparities as extreme as ever seen. The fund maintains discipline in valuation criteria despite current underperformance. Speculative investors have rewarded perceived AI winners with lofty valuations, assigning permanence to top-line benefits of questionable duration. The euphoria has impacted valuations across Quality Value and Deep Value companies more than expected in a value-oriented asset class. J.B. Hunt Transport Services was the top contributor, benefiting from cost reduction actions and improving operating margins despite freight market challenges. The company maintains strong cash flow generation and aggressive share repurchases while trading at a discount to industrials. MarketAxess Holdings operates the largest e-trading platform for corporate bonds in the US. The company is investing in portfolio trading capabilities to compete with peers and regain market share, with recent data suggesting share recovery happening faster than expected. | KMB MKTX JBHT |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 28, 2026 | Seeking Alpha | Seeking Alpha | Kimberly-Clark Corporation | Consumer Goods | Household Products | Bull | New York Stock Exchange | Automation, innovation, international expansion, Kenvue acquisition, Kimberly-Clark, Profitability Improvement, Strategic Transformation, supply chain optimization, synergies, valuation | View Pitch |
| Jan 27, 2026 | Fund Letters | Colin McWey | Kimberly-Clark Corporation | Consumer Staples | Household Products | Neutral | New York Stock Exchange | Allocation, Integration, Risk, Staples, valuation | 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 |
|---|---|---|---|---|---|---|---|---|
| Michael Price | Empyrean Capital Partners | $2.7B | $18.9M | 0.70% | 187,200 | +187,200 | +100.00% | 0.0518% |
| Matthew Halbower | Pentwater Capital Management | $19.0B | $345.0M | 1.81% | 3,420,000 | +3,420,000 | +100.00% | 0.9457% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $70.7M | 0.13% | 701,000 | +591,000 | +537.27% | 0.1938% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $1.7M | 0.00% | 16,760 | +64,200 | +1783.33% | 0.0046% |
| Ray Dalio | Bridgewater Associates | $27.4B | $2.1M | 0.01% | 20,893 | +751 | +3.73% | 0.0058% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $501,020 | 0.00% | 4,966 | -973,453 | -99.49% | 0.0014% |
| Israel Englander | Millennium Management LLC | $233.2B | $15.7M | 0.01% | 155,600 | +130,400 | +517.46% | 0.0430% |
| Jeremy Grantham | GMO LLC | $39.1B | $7.8M | 0.02% | 77,733 | +46,000 | +144.96% | 0.0215% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $4.9M | 0.00% | 48,076 | -10,203 | -17.51% | 0.0133% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $213.5M | 0.32% | 2,116,203 | +2,050,786 | +3134.94% | 0.5852% |
| Cliff Asness | AQR Capital Management | $190.6B | $24.7M | 0.01% | 244,979 | -97,932 | -28.56% | 0.0677% |
| Mario Gabelli | GAMCO Investors | $10.4B | $338,789 | 0.00% | 3,358 | +3,358 | +100.00% | 0.0009% |
| Rich Handler | Jefferies | $19.3B | $1.3M | 0.01% | 12,719 | -80,357 | -86.33% | 0.0035% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $1,540 | 0.00% | 15 | -83,879 | -99.98% | 0.0000% |