LEU

LEU

LEU

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 27, 2025	Diamond Hill Small Cap Fund	11.8%	-1.1%	AEO, ASH, ASTH, ASUR, AZZ, CIVI, DCO, ENOV, FA, FBIN, GHM, LEU, NSP, PLOW, RRR, STRW, UTZ	alpha, industrials, Intrinsic Value, Resilience, small caps	The commentary focuses on resilient small-cap businesses trading at meaningful discounts to intrinsic value. Defense, infrastructure, and niche industrial exposure are highlighted as long-term tailwinds. Small-cap inefficiency remains a key source of alpha despite macro uncertainty.	AEO ASUR STRW FBIN AZZ UTZ NSP DCO LEU	View
2025 Q2	Jul 27, 2025	Diamond Hill Small-Mid Cap Strategy	5.4%	1.0%	AEO, ASH, ASUR, AZZ, DCO, FA, FBIN, GHM, LEU, NSP, RRR, UTZ	fundamentals, Intrinsic Value, Mean reversion, small caps, value	The letter emphasizes valuation discipline in small- and mid-cap equities where price dislocations persist due to macro uncertainty and risk aversion. Management argues that fundamentals, not sentiment, ultimately drive long-term returns and that many businesses trade below intrinsic value despite stable cash flows. The outlook favors patient capital as earnings normalization and multiple expansion converge.	FCN WCC RRR	View
2025 Q2	Jun 30, 2025	Riverwater Micro Opportunities Strategy	-	-	ABEO, ARIS, LEU, TILE	fundamentals, liquidity, Microcaps, mispricing, small caps	The letter argues that micro-cap stocks remain deeply mispriced due to neglect, liquidity constraints, and passive flows. Management highlights strong fundamentals and long-term growth potential despite weak sentiment. The opportunity is framed as valuation-driven rather than cyclical timing.	TILE ABEO ARIS LEU	View
2024 Q1	Apr 15, 2024	Riverwater Micro Opportunities Strategy	-0.4%	-2.8%	ASLE, CRAI, CRE, HBIO, HDSN, LEU, LMNR, MEC, NYCB, PGY	-			View
2024 Q4	Dec 31, 2024	Riverwater Micro Opportunities Strategy	-	-	AEHR, AMRK, CCB, LEU, SSSS, UROY	-			View
2024 Q4	Dec 31, 2024	Diamond Hill Small Cap Fund	1.0%	13.2%	ASH, ASTH, CMPR, CURB, FIP, GHM, LEU, MLAB, RRR, USLM	-			View
2024 Q3	Oct 25, 2024	Fawkes Capital Management	0.0%	-	AGX, CLS, GEO, LEU	-			View
2025 Q3	Oct 24, 2025	Diamond Hill Small Cap Fund	7.9%	6.7%	DCO, FIP, LEU, MLAB, RRR, TFIN	AI, defense, energy, small caps, tariffs	The fund trailed its benchmark as speculative small caps surged, though holdings like Centrus Energy and Ducommun benefited from AI-related power demand and defense strength. Managers focus on resilient small-cap businesses positioned for long-term growth amid tariff uncertainty and macro volatility.	FTAI DCO USLM RRR LEU COOP LEU COOP	View
2025 Q4	Jan 14, 2026	Riverwater Micro Opportunities Strategy	0.0%	0.0%	AVD, AVID, CLMB, FSBC, IRMD, LEU, LMNR, MAMA, MEC, NCMI, NGS, PLOW, PWP, UROY	AI, Biotechnology, fundamentals, Microcap, nuclear, Quality, rates, value	The manager emphasizes investment discipline centered on higher-quality businesses that are profitable or approaching profitability with attractive returns on invested capital. They believe quality businesses should regain leadership as fundamentals reassert themselves as the primary driver of returns. While remaining long-term believers in AI and acknowledging that large platforms are positioned to benefit, the manager views many smaller AI-tied companies as facing greater operational and financial risk than current valuations suggest. They avoided AI-adjacent themes that drove speculative performance in 2025. The Materials sector was the top performer for the year driven by investments in the nuclear energy space. Centrus Energy Corp was a big winner before being sold in Q4 as valuation reflected much of the good news, while Uranium Royalty Corp is held to play rising uranium prices expected this year. The manager struggled with biotech exposure as the sector rallied 31% in Q4, but finds it difficult to allocate as many companies are large risk, large reward binary investments outside their area of expertise. They continue to avoid direct biotech exposure while favoring micro-cap MedTech companies that benefit from improving biotech funding. A key tailwind entering 2026 is easing monetary policy with the Federal Reserve's shift toward rate cuts being especially supportive for micro-cap companies. Lower interest rates and a steeper yield curve can meaningfully reduce capital costs, improve liquidity, and support incremental investment for micro-caps.	PLOW NGS LMNR AVD IRMD	View
2025 Q4	Jan 14, 2026	Riverwater Partners Small Cap Strategy	0.0%	0.0%	ADEA, AMD, ATMU, ATRC, BHST, BKH, CNX, DIS, HSTM, ITGR, KGS, LEU, LMNR, LOPE, MOD, NPKI, PLMR, STKL, VECO, WRBY	AI, financials, healthcare, infrastructure, Natural Gas, nuclear, Quality, small caps	Natural gas stocks benefited from AI theme as potential winners in powering data centers. CNX Resources was the top contributor driven by weather-related price increases and strong company execution. The manager remains encouraged by structural demand drivers for natural gas supporting higher volumes over time. Centrus Energy was positioned at the nexus of U.S. national security, nuclear energy independence, and next-generation reactor deployment. The company benefited from structural shift away from Russian nuclear fuel supply toward domestic enrichment, with rising demand from advanced reactors, SMRs, and nuclear power supporting AI-driven data center load growth. NPK International was added as a way to participate in multi-year infrastructure buildout required to support grid expansion, electrification, and energy system upgrades. The company provides composite matting solutions for utility and energy-related end markets with advantages over traditional timber mats. The manager avoided speculative AI investments but played the theme through picks-and-shovels approach via semicap equipment and utility infrastructure buildout. Natural gas stocks benefited as potential winners in powering data centers. Warby Parker has a call option on smart glasses and AI-enabled eyewear through its partnership with Google.	ITGR HSTM WRBY ADEA NPKI KGS BHST LMNR LOPE LEU CNX	View
2023 Q3	Sep 30, 2023	Diamond Hill Small Cap Fund	8.5%	12.2%	CALM, CIVI, ENOV, LEU, RRR	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jan 16, 2026	Fund Letters	Adam Peck	Centrus Energy Corp.	Energy	Nuclear Fuel	Bull	New York Stock Exchange	Contracts, energysecurity, Enrichment, Nuclear, Policy	View Pitch
Jan 8, 2026	Fund Letters	Adam Peck	Centrus Energy Corp.	Energy	Uranium	Bull	New York Stock Exchange	HALEU, Nuclear, Reactors, uranium, utilities	View Pitch
Jan 8, 2026	Seeking Alpha	Seeking Alpha	Centrus Energy Corp.	Energy	Nuclear Energy	Bear	New York Stock Exchange	Centrus Energy, Competition, Energy security, government contracts, market momentum, Nuclear Power, profitability, speculative stocks, uranium production, valuation	View Pitch
Dec 5, 2025	Fund Letters	Chris Welch	Centrus Energy Corp.	Materials	Coal & Consumable Fuels	Bull	NYSE	energy, Enrichment, Nuclear, Policy, Security	View Pitch
Nov 29, 2025	Fund Letters	Chris Welch	Centrus Energy Corp.	Materials	Uranium & Nuclear Fuel	Bull	NYSE	AI, electricity demand, Energy independence, Enrichment, HALEU, Nuclear, uranium	View Pitch
Nov 29, 2025	Fund Letters	Chris Welch	Centrus Energy Corp.	Materials	Uranium & Nuclear Fuel	Bull	NYSE	AI, electricity demand, Energy independence, Enrichment, HALEU, Nuclear, uranium	View Pitch
Aug 13, 2025	Seeking Alpha	Moretus Research	Centrus Energy Corp.	Materials	Uranium	Bear	NYSE	—	View Pitch

BSD Shareholders of LEU

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.

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