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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2023 Q3 | Sep 30, 2023 | Alluvium Global Fund | - | - | 005930.KS, AEM, CPRI, DKS, GOOGL, HCA, HRB, LBRDK, LNR.TO, LUV, LYB, MCK, MU, NST.AX, ROG.SW, RRL.AX, RYA.L, THO, UMG.AS, WBA | Concentration, global, Gold Miners, healthcare, retail, value | The fund maintains a value-oriented approach, buying companies trading below their intrinsic valuations. The managers discuss specific valuation assessments for holdings like Capri, HCA Healthcare, and Dick's Sporting, making buy/sell decisions based on price versus value considerations. | View | |
| 2025 Q2 | Jun 30, 2025 | PivotalPath | - | - | CP, LUV, NVDA, UAL, WAB | Asia, Hedge Funds, momentum, Performance, technology, Trade Policy, Transportation, volatility | Transportation sector delivered exceptional performance with 20.71% returns in May, outpacing tech's resurgence. Hedge funds are positioned in AI-adjacent infrastructure logistics plays and capacity-related airline trades. The sector benefits from increased US industrial activity across manufacturing and infrastructure projects, with strong earnings from companies like Wabtec and Canadian Pacific Kansas City. | View | |
| 2023 Q2 | Jun 30, 2023 | Alluvium Global Fund | - | - | 005930.KS, AEM, BABA, CPRI, DKS, GOOGL, HCA, HRB, LBRDK, LNR.TO, LUV, LYB, MCK, MU, NST.AX, RRL.AX, RYA.L, THO, UMG.AS, WBA | AI, Airlines, Concentration, global, gold, healthcare, value | European airline consolidation accelerating post-pandemic with weaker carriers collapsing while efficient operators like Ryanair gain market share. Ryanair ordered 300 new Boeing aircraft for delivery 2027-2033, targeting 300m passengers annually by 2034 with improved cost advantages from newer, more efficient planes. | RYA.L |
View |
| 2026 Q1 | May 5, 2026 | The Sound Shore Fund | -3.5% | -3.5% | BP, CHKP, CTRA, DIS, EQT, KD, LUV, MRVL, QCOM | active management, energy, large cap, technology, value, volatility | MRVL QCOM |
View | |
| 2026 Q1 | Apr 29, 2026 | Cambiar SMID Fund | 2.2% | 2.2% | ALGN, BOKF, CF, CLX, HF, LUV, ON, PHR, SAIA, SOLV, WBS | AI, diversification, energy, Geopolitical, Quality, SMID Cap, value | PHR SOLV ON |
View | |
| 2026 Q1 | Apr 29, 2026 | Oldfield Partners Overstone Global Large Cap | 4.7% | 4.7% | 005930 KS, ALLY, E, EZJ.L, LUV, MRK.DE | Airlines, defense, Geopolitical, global, Memory, oil, value | ALLY MRK.DE |
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| 2025 Q1 | Apr 12, 2025 | Alpha Wealth Funds – The Insiders Fund | - | - | ADBE, APPF, COP, CYH, DVN, ET, GRAL, INBX, LLY, LULU, LUV, MPLX, MSCI, MSFT, ROK, SNBR, ZBRA | Automation, concentrated, energy, healthcare, insider buying, tariffs, technology | The fund is significantly impacted by Trump tariff policies, with the manager reducing exposure to manufacturing or sales in China. The tariff regime is described as expansive with few places to hide, forcing portfolio adjustments across multiple positions. | INBX ROK ZBRA APPF ADBE MSCI ET GRAL |
View |
| 2025 Q1 | Mar 31, 2025 | Touchstone Balanced Fund | -1.2% | -1.2% | HCA, LUV, PM, TSLA, UBER | Balanced, Defensive, Multi-Asset, Policy Uncertainty, Risk-off, Trade Policy | Evolving trade policies and escalating tensions with key trading partners created uncertainty for businesses, impacting corporate planning and investment decisions. Developing trade policy has created elevated uncertainty around economic growth and inflation, with forecasts for U.S. economic activity declining amid tariffs and weaker sentiment. | View | |
| 2023 Q1 | Mar 31, 2023 | Alluvium Global Fund | - | - | BABA, CHTR, CPRI, DKS, GOOGL, HCA, HRB, LBRDK, LEA, LNR.TO, LUV, MCK, MU, RHI, ROG.SW, RYA.L, THO, UMG.AS, WBA, WFG.TO | Airlines, Cyclical, global, healthcare, Recovery, technology, value | Ryanair was the Fund's best performer over the quarter, up 21.9%. Now operating above pre-Covid levels, management's bold purchase of additional Boeing Max aircraft during the pandemic is proving prescient. Given strong traffic recovery and pricing, Ryanair raised its full year profit guidance by 25%. | LBRDK |
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| 2023 Q4 | Feb 8, 2024 | The Olstein Strategic Opportunities Fund | - | - | AAPL, AMZN, CFG, CWK, FA, FITB, GHM, GNRC, GOOGL, HRL, INTC, KTB, LKQ, LUV, META, MSFT, NVDA, RTX, SHYF, TPG, TSLA, USB, VNT, VSH, WRK, ZBH | financials, free cash flow, industrials, Magnificent Seven, undervalued, value | Manager believes market leaders are about to change from high-growth Magnificent Seven stocks to undervalued companies selling at large discounts to intrinsic value. Focus on companies with strong fundamentals trading below normalized free cash flow calculations. | HRTX |
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| 2025 Q4 | Feb 3, 2026 | The Sound Shore Fund | 7.8% | 18.2% | C, COF, FLEX, GM, HII, LUV, MSFT, PVH, PYPL, REGN, TEVA, TMO, TXN, WBD | defense, earnings, healthcare, Manufacturing, Transformation, undervalued, value | Sound Shore specializes in identifying undervalued companies undergoing transformations, focusing on stocks trading at attractive valuations relative to earnings power. The portfolio trades at 13.5 times forward earnings versus S&P 500 at 22 times, providing meaningful discount despite strong balance sheets and free cash flow. Healthcare was the best performing sector in Q4 after lagging earlier in 2025. Portfolio holdings Regeneron and TEVA provided positive pipeline updates and were among largest contributors as regulatory clarity emerged around previously uncertain policies. Huntington Ingalls Industries, the largest US Naval shipbuilder, was a standout 2025 performer after working through post-COVID supply chain issues. The company benefits from US Navy's commitment to rapidly expand the fleet and prospects for further margin gains. FLEX evolved from low-value electronics assembly to high-value specialized manufacturing for medical, industrial, and automotive industries. Under CEO Revathi Advaithi, the company achieved operational discipline and double-digit earnings growth with expanding margins, benefiting from accelerating data center end-markets. | View | |
| 2024 Q4 | Dec 31, 2024 | Parnassus Fixed Income Fund | -0.3% | 1.9% | A, ADSK, ARE, LUV, MKC, MRK, MU, PLD, TFC, XYL | Corporate Bonds, credit, duration, fixed income, Mortgage, rates | The fund maintained significant exposure to mortgage-backed securities, particularly current coupon 30-year mortgages which are less rate-sensitive and offer higher yields. Interest rate volatility should recede as monetary policy uncertainty abates, supporting mortgage pricing. | View | |
| 2024 Q3 | Oct 28, 2024 | Parnassus Fixed Income Fund | 4.8% | 4.5% | ADSK, AMT, ARE, AVTR, GPN, INTC, LOW, LUV, MKC, MU, PLD, XYL | Corporate Bonds, duration, Esg, fixed income, Mortgage, rates | The fund increased allocation to mortgage-backed securities from 8% to 18% of the portfolio. These bonds have been disproportionately impacted by higher interest rates as homeowners were locked into existing mortgages. The managers believe mortgage bonds are poised to perform well as homeowners become more active again. | View | |
| 2025 Q4 | Jan 15, 2026 | Columbia Dividend Opportunity Fund | 2.8% | 15.9% | ABBV, ALB, BAC, BLK, BRX, C, CSCO, DRI, GOOGL, GPC, GPS, GS, HD, IBM, IP, JNJ, JPM, LUV, MCD, MO, MRK, MU, PM, QRVO, SBUX, SWKS, T, UDR, XOM | AI, Banking, dividends, financials, Lithium, technology, value, Yield | The fund focuses on companies with historically consistent and increasing dividends, though dividend stocks generally underperformed during the quarter as investors favored speculative companies over defensive characteristics. The manager maintains a positive view on dividend-paying stocks as an out-of-favor segment largely devoid of speculative activity. The market remained supported by ongoing enthusiasm about the artificial intelligence theme, though there was a brief stretch of concern in November about a possible AI bubble. The manager sees potential for improved relative performance if excitement surrounding AI begins to cool. The quarter was characterized by broadening market leadership away from mega-cap technology companies, contributing to relative strength in the value style. The fund's investment universe offers fundamentally sound companies trading with attractive yields and reasonable valuations. A new position in mandatory convertible securities of lithium producer Albermarle made a sizable contribution as lithium prices rose due to reduced supply from China, and market participants became more optimistic about the metal's potential use in energy storage applications. | View | |
| 2024 Q4 | Jan 31, 2025 | Legacy Ridge Capital | - | 40.3% | AAL, CEG, DAL, JBLU, KMI, LUV, NRG, RYAAY, SAVE, TLN, UAL, VST | Airlines, Capital Cycle, Concentration, energy, Midstream, Power Generation, value | Airlines sector experienced classic bullwhip effect post-COVID but is now showing signs of recovery with capacity discipline emerging. Industry consolidation and rationalization since 2009 has improved economics, with capacity growth at decade lows and management commentary suggesting multi-year earnings improvement similar to 2012-2014 period. | View | |
| 2024 Q4 | Jan 20, 2025 | Alpha Wealth Funds – The Insiders Fund | - | 7.6% | BIOHAVEN, CARR, COP, CRK, DVN, EQT, ET, GRAL, INBX, LBRT, LLY, LULU, LUV, MSFT, RXST, SEDG, SMCI, SNBR, TMCI | AI, Biotechnology, Concentration, energy, Insider Trading, Long/Short, value | Energy Transfer is positioned as a prime beneficiary of Trump administration's LNG export growth plans. Devon Energy holds substantial natural gas reserves that appear undervalued despite recent sector price increases. ConocoPhillips offers diversified energy exposure with strong shareholder returns. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| May 10, 2026 | Substack | Monopolistic Investor | Southwest Airlines | Airlines | Passenger Airlines | Bull | New York Stock Exchange | Airlines, Customer loyalty, low-fare, operating margin, operational efficiency, passenger airlines, Share Buybacks, short-haul flights, Southwest Airlines | View Pitch |
| Apr 24, 2026 | Seeking Alpha | Seeking Alpha | Southwest Airlines Co. | Airlines | Passenger Airlines | Bear | New York Stock Exchange | airline margins, balance sheet strength, cyclical industry, Fuel hedging, geopolitical risk, oil prices, passenger demand, Southwest Airlines, stock valuation, ticket price increase | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Albert Anthony | Southwest Airlines | Industrials | Airlines | Neutral | NYSE | — | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $12.6M | 0.02% | 303,995 | -32,400 | -78.26% | 0.0448% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $2.3M | 0.00% | 56,000 | +291,800 | +145900.00% | 0.0082% |
| Lee Ainslie | Maverick Capital | $9.3B | $1.8M | 0.02% | 43,518 | +43,518 | +100.00% | 0.0064% |
| Ray Dalio | Bridgewater Associates | $27.4B | $2.9M | 0.01% | 70,551 | +70,551 | +100.00% | 0.0104% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $1.6M | 0.00% | 39,400 | -2,500 | -4.55% | 0.0058% |
| Israel Englander | Millennium Management LLC | $233.2B | $16.2M | 0.01% | 392,400 | -2,030,657 | -76.18% | 0.0578% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $3.8M | 0.01% | 92,516 | +30,916 | +50.19% | 0.0136% |
| Cliff Asness | AQR Capital Management | $190.6B | $11.2M | 0.01% | 272,097 | +29,862 | +12.33% | 0.0401% |
| Edward A. Mulé | Silver Point Capital | $1.7B | $26.9M | 1.57% | 650,000 | +300,000 | +85.71% | 0.0957% |
| Rich Handler | Jefferies | $19.3B | $290,219 | 0.00% | 7,022 | -92,312 | -92.93% | 0.0010% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $661 | 0.00% | 16 | +0 | +0.00% | 0.0000% |