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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Aug 1, 2024 | Tourlite Capital Management | 4.5% | 13.8% | FIP, FTAI, IMVT, LTCH, OABI, PRPL, REAL, RICK | aerospace, Biotechnology, consumer, industrials, infrastructure, Long/Short, small caps, special situations | FTAI Aviation benefits from aerospace market tailwinds with ongoing OEM shortfalls resulting in higher lease rates and extensions. The company announced V2500 as its second focus engine with EBITDA expected to grow from $40 million to $100 million by 2026. Multiple catalysts remain for the remainder of the year including potential PMA parts approvals. | PRPL RICK OABI LTCH FIP FTAI |
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| 2023 Q3 | Oct 31, 2023 | Tourlite Capital Management | 4.5% | 13.8% | FIP, FTAI, KD, LTCH | arbitrage, consumer, Event Driven, industrials, Long/Short, small cap, special situations | The fund initiated positions in two event-driven arbitrage opportunities during the quarter, both contributing to performance. These involved identifying concrete catalysts that would lead to price convergence of securities with the same economic values. One position was previously unprofitable but gained conviction following positive change in management alignment. | FIP LTCH BKD FTAI |
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| 2024 Q4 | Feb 18, 2025 | Tourlite Capital Management | 0.4% | 14.2% | FIP, FTAI, IMVT, LTCH, REAL, ROIV, SOC | aerospace, Biotechnology, consumer, energy, industrials, Long/Short, small cap, technology | FTAI Aviation emerged as a top performer with over 200% share price increase driven by aerospace aftermarket tailwinds and growing PMA parts business market share. The company announced FAA approval for its second PMA engine part and launched a Strategic Capital Initiative to acquire mid-life aircraft, tapping into a $30 billion market opportunity. Management projects this initiative will generate approximately $200 million in incremental annual aerospace EBITDA by 2026. | ROIV SOC LTCH FIP REAL FTAI |
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| 2023 Q4 | Jan 26, 2024 | Tourlite Capital Management | 4.5% | 13.8% | APG, ESPR, FC, FIP, FTAI, IMVT, KD, LTCH, PRM, PRVB, ROIV, SAN.PA | Aviation, Biotechnology, Event Driven, Long/Short, small caps, special situations | Fund initiated significant position in Roivant Sciences, a biotech company specializing in consolidating promising drug patents. Thesis based on cash value from asset sales, Immunovant stake, and pipeline upside potential. Also held Provention Bio which was acquired by Sanofi following FDA approval. | AFCG ROIV LTCH BKD FIP ESPR APG FTAI |
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| 2023 Q2 | Jan 9, 2023 | Tourlite Capital Management | 4.5% | 13.8% | APG, FIP, FTAI, GLOP, KD, LESL, LTCH, PRM | AI, Aviation, consumer, industrials, Long/Short, Recession, small caps, technology | Manager notes AI hype has driven market strength in large cap tech but has negatively impacted their short positions. They observe significant disparity between AI company valuations and underlying business fundamentals, with one undisclosed short benefiting from AI hype despite anticipated weaker demand and misleading profitability metrics. | BKD KPRMILL IN FTAI FIP APG LTCH |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Tourlite Capital Management | Latch | Information Technology | Technology Hardware, Storage & Peripherals | Bull | OTC | Accounting Issues, CEO change, deep value, Delisting, Ring Founder, Smart Home Technology, turnaround | View Pitch |
| Apr 28, 2026 | Fund Letters | Tourlite Capital Management | Latch | Information Technology | Technology Hardware & Equipment | Bull | NASDAQ | Delisting, Financial Restatement, Forced Selling, proptech, regulatory compliance, Smart Access, Special Situation | View Pitch |
| Apr 28, 2026 | Fund Letters | Tourlite Capital Management | Latch | Information Technology | Technology Hardware, Storage & Peripherals | Bull | NASDAQ | Delisted, new management, proptech, Smart Access, technology, turnaround, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | Tourlite Capital Management | Latch | Information Technology | Technology Hardware & Equipment | Bull | NASDAQ | Cash Value, Discount Valuation, rebranding, Smart Access, Strategic Transformation, technology hardware | View Pitch |
| Apr 13, 2026 | Fund Letters | Tourlite Capital Management | Latch | Technology | Technology Hardware, Storage & Peripherals | Bull | NASDAQ | CEO transition, deep value, Discount to cash, Execution Challenge, Financial Filings, Operational Performance, regulatory compliance, Uplisting Catalyst | 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 |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||