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Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Aug 11, 2025	BlackRock Mid-Cap Value Fund	5.6%	4.9%	BAX, BDX, CAH, CVS, FCNCA, FIS, LHX, SSNC, STM, WDC	AI, dividends, financials, healthcare, Mid-cap, technology, value	Optimism about artificial intelligence endures, with companies emphasizing it in earnings calls and delivering strong results. The fund views AI as a continuing driver of market performance despite broader volatility.		View
2025 Q2	Jul 9, 2025	ClearBridge Investments Dividend Strategy	-	-	AAPL, AVGO, BDX, DIS, GM, LHX, MSFT, NVDA, ORCL, PPG, TEL, TMUS, UNH, V, XOM	AI, defense, diversification, dividends, energy, Quality, valuation, value	The strategy emphasizes dividend-paying companies with the ability to grow dividends significantly over time. Over the last eight years, the average portfolio company has grown its dividend by 7%, well in excess of inflation. Dividend growth is becoming increasingly critical as inflation expectations become more entrenched and stagflation becomes a concern.	ORCL AVGO XOM LHX AVGO XOM LHX	View
2025 Q2	Jul 27, 2025	Diamond Hill Large Cap Strategy	2.9%	4.3%	AIG, CAT, CL, EQH, FDX, GM, KMX, LHX, LULU, MLM, SYY, TGT, TMO, TXN, ZTS	AI, consumer, defense, infrastructure, large cap, technology, Trade Policy, value	AI-fueled boom continues driving technology and communication services sectors, with sentiment around AI's potential to radically change life remaining high. However, manager believes sentiment is partially disconnected from reality as AI's potential is yet to be fully proven, creating opportunities for discerning investors.	EQH ZTS TMO FDX ADBE FERG RRX	View
2025 Q2	Jul 16, 2025	Titan Wealth	-	-	0005.HK, 0700.HK, AAPL, ADBE, AMD, AMZN, ATCO-A.ST, AVGO, BA.L, BABA, CAT, CRWD, DIS, GIVN.SW, GOOGL, HON, INTC, JNJ, KOG.OL, LHX, MC.PA, MELI, META, MOS, MSFT, NFLX, NVDA, ORCL, REGN, ROK, RTX, SIE.DE, SNY, TSLA, UL	AI, defense, emerging markets, geopolitics, industrials, infrastructure, tariffs, technology	Technology led portfolio performance with significant gains in AI infrastructure companies like Nvidia, Broadcom, AMD, and Oracle. The fund added exposure to AI semiconductors and infrastructure, with Sanlam Artificial Intelligence fund delivering strong returns of 10.2%. AI expansion through hardware and infrastructure businesses remains a key positioning theme.		View
2026 Q1	Apr 8, 2026	ClearBridge Mid Cap Growth Strategy	-	-	ADSK, APP, CAVA, CMG, CRWD, FAST, FCX, HOOD, HUBG, JCI, LHX, META, MSGS, PINS, SHOP, SPOT, TJX, VIK, VRT, W, XPO	AI, defense, E-Commerce, growth, industrials, mid cap, technology, volatility			View
2026 Q1	Apr 8, 2026	ClearBridge Investments Dividend Strategy	-	-	ADP, APO, AVGO, BX, ENB, EQT, HON, LHX, MSFT, NOC, ORCL, OTIS, RTX, TSM, WMB, XOM	AI, defense, dividends, energy, Geopolitical, inflation, semiconductors, software			View
2026 Q1	Apr 8, 2026	ClearBridge Investment Growth Strategy	-	-	ADSK, APP, CAVA, CMG, CRWD, FAST, FCX, FIX, HOOD, HUBS, JCI, LHX, META, MSGS, PINS, PWR, SHOP, SPOT, TJX, TRGP, VIK, VRT, W, XPO	AI, diversification, growth, mid cap, software, technology, volatility			View
2026 Q1	Mar 31, 2026	ClearBridge Investments All Cap Growth	-	-	ADSK, APP, ASML, CRWD, DOCS, ETN, FCX, GWW, HUBS, ISRG, JCI, LHX, META, NFLX, PODD, RHHBY, RTX, TJX, TSM	AI, defense, growth, healthcare, materials, semiconductors, technology		ANET ROG.SW FCX TSM ASML APPL	View
2025 Q1	Mar 31, 2025	The Davenport Value & Income Fund	3.8%	3.8%	AVY, BAM, BMY, BRK.B, BUD, CMCSA, CVX, ELV, FDX, HP, HSY, JNJ, LHX, NEE, NSC, ORCL, PM, SNY, STZ, UPS	Buybacks, Consumer Staples, Defensive, dividends, healthcare, value	Sixteen of DVIPX's holdings raised their dividends during the quarter, led by double-digit percentage increases at Walmart, Brookfield Corp, and others. The average DVIPX constituent has raised its dividend 8% year-over-year, which exceeds the S&P 500's 6%. The Fund is both higher yielding and possesses higher dividend growth than the benchmarks.		View
2025 Q1	Mar 31, 2025	BlackRock Mid-Cap Value Fund	-0.6%	-0.6%	BAX, CAH, CVS, EA, FCNCA, FIS, LH, LHX, SEE, SSNC	AI, dividends, financials, healthcare, mid cap, Quality, Trade Policy, value	Trade tensions and AI infrastructure spending scrutiny have driven rotation into value stocks, which outperformed growth stocks due to attractive valuations and earnings growth convergence. The fund emphasizes discipline in selecting high-quality businesses with strong fundamentals and reasonable valuations.		View
2024 Q4	Dec 31, 2024	BlackRock Mid-Cap Value Fund	-3.0%	9.1%	BAX, CAH, EA, FCNCA, FIS, KHC, LHX, SEE, SSNC, WDC	dividends, financials, healthcare, industrials, mid cap, Quality, value	The fund focuses on finding high-quality businesses with clean balance sheets, good franchises, and savvy management at attractive valuations. The managers emphasize avoiding momentum chasing and maintaining discipline in their value-oriented approach despite market conditions.		View
2025 Q3	Nov 16, 2025	Matrix Dividend Income	-	-	ACN, AMAT, BA, BK, CSCO, FI, GD, LHX, LMT, NESN.SW, NSC, SBUX, STZ, TEL, TGT, TSN, UNP	defense, dividends, financials, healthcare, technology, value	Technology and Communications sectors led the market rally in Q3, accounting for close to 70% of the S&P 500's performance. Many companies within these sectors benefit from investor enthusiasm for artificial intelligence including the Magnificent 7. The manager expects corporations to continue finding new ways to run their businesses more efficiently as they incorporate AI.	LMT STZ ACN	View
2025 Q3	Nov 16, 2025	Matrix Large Cap Value Strategy	-	-	ACN, AMAT, BA, BK, CSCO, FI, GD, LHX, LMT, NESN.SW, NSC, SBUX, STZ, TEL, TGT, TSN, UNP	AI, defense, dividends, financials, large cap, rates, technology, value	Technology and Communications sectors led the market rally, accounting for 70% of S&P 500 performance in Q3, driven by investor enthusiasm for artificial intelligence including the Magnificent 7. Companies are expected to continue incorporating AI to run businesses more efficiently and drive earnings growth.		View
2025 Q3	Oct 9, 2025	ClearBridge Investments Dividend Strategy	-	-	AVGO, CMCSA, DEO, GOOGL, KO, LHX, META, MMC, NESN.SW, NOC, NSC, ODFL, ORCL, RTX, SRE, TEL, TMUS, TRV, UNH, UNP	AI, defense, dividends, large cap, Quality, risk management, technology, valuation	AI enthusiasm continued to propel the S&P 500 higher with sizable gains in IT and tech proxy sectors. The Strategy profited from AI exposure through holdings like TE Connectivity, Broadcom, and Oracle, though maintained disciplined risk management approach.	ODFL MARSH LHX TEL ORCL AVGO	View
2025 Q3	Oct 24, 2025	Diamond Hill Large Cap Strategy	-0.1%	4.2%	AIG, CAT, CL, EQH, FDX, GM, KMX, LHX, LULU, MLM, SYY, TGT, TMO, TXN, ZTS	AI, Data centers, defense, large cap, Quality, technology, value	AI-fueled boom continues driving technology and communication services sectors, with sentiment potentially disconnected from reality as AI's potential is yet to be fully realized. Markets are rewarding companies with minimal AI exposure while punishing those at risk of disruption.	ZTS FDX	View
2025 Q3	Oct 24, 2025	Titan Wealth	-	-	AAPL, ALB, AU, CRWD, GIVN.SW, GOOGL, HLN.L, HON, IBKR, IFF, JPM, LHX, MELI, MSFT, NFLX, NVDA, ORCL, PFE, SFM, SQM	AI, Asia, cybersecurity, defense, emerging markets, Global Equities, infrastructure, technology	AI continues to dominate headlines and balance sheets, driving productivity gains and entirely new business models. The sector has grown faster than expected, with AI-driven infrastructure stocks leading performance. Oracle announced a $300bn order from OpenAI for compute capacity, while Nvidia unveiled major collaborations worth $100bn.		View
2025 Q4	Jan 7, 2026	ClearBridge Investments Dividend Strategy	0.0%	0.0%	AAPL, ADP, APD, AVGO, GOOGL, ITX.MC, KO, LHX, META, MMC, MSFT, NESN.SW, NVDA, ODFL, ORCL, TEL, TMUS, UL, UNP, XOM	AI, Concentration, diversification, dividends, large cap, semiconductors, technology, value	AI will radically change lives, labor markets and the economy, but investors already ascribe trillions of dollars of value to AI-related enterprises while aggregate AI-related revenues are minimal relative to embedded expectations. The landscape is evolving too swiftly to conclude today's favored players will be ultimate winners, with fundamental questions remaining about LLM commoditization and revenue sustainability. The strategy's average holding has grown its dividend at 10% over the last 12 months with similar growth expected in coming years. The fund maintains focus on dividend-paying companies as part of its core investment approach and diversification strategy. The ClearBridge Dividend Strategy trades at a significant discount to the broader market with a P/E ratio of 19.8x versus 24.7x for the S&P 500. The managers value securities based on free cash flow yields and gravitate toward those with asymmetric risk-reward profiles.		View
2025 Q4	Jan 19, 2026	Artisan Mid Cap Fund	-0.4%	14.8%	ALAB, APG, ARGX, ASND, BKR, COHR, CVNA, DASH, INSM, LHX, MACOM, MDB, RBC, RBLX, SHOP, SPOT, TTAN, VEEV, WAT, WST	AI, Biotechnology, defense, growth, healthcare, industrials, mid cap, technology	AI-related capital spending remains an area of active debate entering 2026. The team continues to find compelling opportunities among companies positioned to benefit from AI investment strength and gain share of customers' AI spending based on superior technology that improves datacenter performance and efficiency. Healthcare returned as a source of market strength with the team maintaining relatively high exposure despite several years of industry headwinds. The positioning is grounded in conviction in profit cycle opportunities for biotech companies with compelling product launches. Aerospace and defense holdings appear well positioned for multiyear growth. The team believes companies are well positioned to benefit from growing investment in next-generation missile defense and national security programs requiring advanced capabilities. Holdings exposed to datacenter and AI infrastructure spending contributed to returns. Companies benefit from continued cloud growth and rising AI demand driving rapid datacenter expansion with strong long-term growth opportunities.	IRTC FERG SNOW WAT TTAN CVNA ALAB LHX SPOT VEEV MDB RBLX INSM COHR	View
2024 Q3	Sep 30, 2024	BlackRock Mid-Cap Value Fund	7.8%	12.5%	BAX, CAH, CVS, FCNCA, FIS, KHC, LHX, SEE, SSNC, WDC	dividends, financials, healthcare, industrials, mid cap, value	The fund invests in mid-capitalization companies that pay attractive, sustainable and growing dividends with the aim of providing mid-capitalization equity returns with less volatility.		View
2023 Q3	Sep 30, 2023	Diamond Hill Mid Cap	8.3%	13.3%	AIG, ALGT, BHF, CIEN, CTRA, CTSH, ENOV, ESAB, EXR, LHX, LNDC, MAA, RRR, SRCL, WBS, WCC, WY	energy, financials, industrials, mid cap, REITs, technology, value	Initiated position in L3 Harris Technologies, a defense contractor focused on communications, surveillance and electronic warfare. Anticipate US defense budget will be better than expected as the Defense Department prepares for peer-level threats. Believe there is room for improvement in recent execution, particularly at recently acquired Aerojet Rocketdyne.		View
2023 Q3	Sep 30, 2023	Matrix Dividend Income	0.0%	0.0%	AAPL, AEP, AMGN, AMZN, BKNG, CMCSA, FDX, FI, GOOGL, JPM, LHX, META, MSFT, NEE, PFE, RTX, TXN, UL, UNH, ZBH	dividends, financials, large cap, rates, Utilities, value	The Dividend Income portfolio focuses on companies that pay regular dividends, with 17 companies announcing dividend increases in 2023 averaging 6.8%. The portfolio maintains a 3.35% dividend yield compared to 1.61% for the S&P 500, demonstrating the strategy's focus on generating strong and growing current income.	NEE HRTX	View
2023 Q3	Sep 30, 2023	Matrix Large Cap Value Strategy	0.0%	0.0%	AAPL, AEP, AMGN, AMZN, BKNG, CMCSA, FDX, FI, GOOGL, JPM, LHX, META, MSFT, NEE, PFE, RTX, TXN, UL, UNH, ZBH	dividends, Fed policy, inflation, large cap, rates, value	Interest rates rose sharply in Q3 with 10-year Treasury reaching 4.57%, highest since 2007. The Fed raised rates by 0.25% and signaled higher for longer policy. Matrix believes the Fed is nearing the end of its hiking cycle and expects rate cuts in 2024 as economic slowdown becomes evident.	NEE HRTX	View
2023 Q2	Aug 8, 2023	Matrix Dividend Income	0.0%	0.0%	AAPL, AMZN, CSCO, GD, GOOGL, KO, LHX, META, MSFT, PFE, PYPL, QCOM, SBUX, UNH	AI, dividends, financials, healthcare, large cap, rates, technology, value	AI enthusiasm has driven investor interest in technology stocks expected to benefit from artificial intelligence advances. The AI rally has boosted mega-cap technology stocks in the first half of 2023, though the manager expects the AI mania to subside and performance to broaden beyond these concentrated winners.	PFE AAPL\|MSFT\|NFLX\|NVDA\|UNH	View
2023 Q2	Aug 8, 2023	Matrix Large Cap Value Strategy	0.0%	0.0%	AAPL, AMZN, CSCO, GD, GOOGL, KO, LHX, META, MSFT, PFE, PYPL, QCOM, SBUX, UNH	dividends, Fed policy, financials, healthcare, insider buying, Market Rotation, technology, value	AI enthusiasm has driven investor interest in technology stocks expected to benefit from artificial intelligence advances. The AI rally has boosted mega-cap technology stocks significantly in 2023, though the manager expects this AI mania to eventually subside as the market broadens.	PFE AAPL\|MSFT\|NFLX\|NVDA\|UNH	View
2024 Q2	Jun 30, 2024	BlackRock Mid-Cap Value Fund	7.8%	12.5%	BAX, CAH, FCNCA, FIS, GM, KHC, LHX, SEE, SSNC, WDC	dividends, healthcare, industrials, materials, mid cap, value	Value earnings growth is underappreciated and may offer an attractive risk-return skew given differences in expectations. Valuations look stretched due to large technology companies pulling indexes and portfolios to be more growth-oriented.		View
2025 Q1	Apr 19, 2025	Pernas Research	-7.5%	-7.5%	AAPL, LHX, NUE, PLTR	Cash, defense, Industrial Policy, Onshoring, tariffs, uncertainty, Valuations	Global defense balkanization is driving multi-decade modernization efforts as nations reassess defense postures amid eroding Pax Americana. Countries like Germany, Poland, Japan, and South Korea are increasing defense budgets to levels not seen in decades, with the definition of defense expanding to include robotics, AI, cybersecurity, and data infrastructure. The manager believes it's not far-fetched to imagine the world's next trillion-dollar companies emerging from the defense sector.		View

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	ClearBridge Investments Dividend Strategy	L3Harris Technologies Inc	Industrials	Aerospace & Defense	Bull	NYSE	Aerospace, balance sheet, Defense, Discount Valuation, Free Cash Flow, geopolitical, Government Contractor	View Pitch
Jan 23, 2026	Fund Letters	Matthew Kamm	L3Harris Technologies, Inc.	Industrials	Aerospace & Defense	Bull	New York Stock Exchange	Defense, Drones, Missiles, Nationalsecurity, Satellites	View Pitch
Dec 5, 2025	Fund Letters	John Baldi	L3Harris Technologies, Inc.	Industrials	Aerospace & Defense	Bull	NYSE	backlog, cashflow, Defense, Margins, valuation	View Pitch
Nov 29, 2025	Fund Letters	John Baldi	L3Harris Technologies Inc.	Industrials	Aerospace & Defense	Bull	NYSE	Aerospace, backlog, cash flow, Defense, dividends, growth, Security	View Pitch
Aug 8, 2025	Seeking Alpha	ClearBridge Investments	L3Harris Technologies, Inc.	Industrials	Aerospace & Defense	Bull	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	TQP Research	L3Harris Technologies, Inc.	Industrials	Aerospace & Defense	Bull	NYSE	—	View Pitch

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