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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 16, 2025 | Liontrust GF Special Situations Fund | 3.4% | - | AJB.L, ALPH.L, AZN.L, BNZL.L, BP.L, CRW.L, MAB1.L, RWS.L, SHEL.L, SXS.L | Buybacks, industrials, M&A, small caps, special situations, United Kingdom, value | The fund maintains significant exposure to small and mid-cap companies, which led the market recovery from April lows. Of the 15 small cap and AIM-listed stocks in the portfolio, the average total return in Q2 was 12.6%, significantly outperforming the portfolio average. The fund remains resolute in its conviction that smaller companies retain highly attractive growth compounding potential over the longer term. | RWS.L AZN.L BNZL.L SHEL.L BP.L |
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| 2025 Q3 | Oct 7, 2025 | Hertford Capital | -7.3% | 4.7% | AOF.DE, COM.MI, JST.DE, KSB3.DE, LSL.L, MAB1.L, MOL.MI, MONY.L, PFE, PLNW.PA, SFQ.DE, SINT.ST, WOSG.L | AI, Europe, small caps, software, tariffs, value | Manager views enterprise software holdings as leading players in harnessing AI opportunity within their verticals, with ability to integrate AI into existing platforms positioning them favorably for sustained value creation. Companies like ATOSS and Planisware are already offering multiple AI-powered services and agentic AI applications to customers. | AOF GR LSL LN MAB1 LN |
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| 2023 Q3 | Oct 15, 2023 | Gehlen Brautigam | 0.7% | 6.8% | ANIM.MI, EN7.ST, MAB1.L, PHLL.L | Asset Managers, Europe, gaming, Mortgage, Quality, small caps, value | Petershill Partners operates as a General Partner solutions investment firm, acquiring minority stakes in leading mid-market private equity and alternative asset managers. The company benefits from stable management fees and growing high-margin revenue streams from its 25 partner firms. | View | |
| 2024 Q3 | Oct 13, 2024 | Gehlen Brautigam | 0.7% | 6.8% | BIJ.DE, CRAYN.OL, GYM.L, JST.DE, MAB1.L, SIE.DE, STO.DE, TPFG.L | Europe, Patience, private equity, small caps, undervaluation, value | The fund focuses on undervalued smaller European companies that private equity firms are recognizing and acquiring at premiums. The managers emphasize patient value investing, waiting for intrinsic value to be recognized by the market over time. | GYM.L TPFG.L MAB.L JST.DE CRN.OL |
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| 2024 Q2 | Oct 7, 2024 | Gehlen Brautigam | 0.7% | 6.8% | ANIM.MI, CRY.OL, MAB1.L, OIE.L, PHLL.L, SAF.DE, STO.DE, TPFG.L, WOSG.L | Buybacks, Europe, Luxury, real estate, small caps, value | The fund made a new investment in Watches of Switzerland Group, the largest global Rolex dealer with 40% UK market share and 11-12% US market share. The company benefits from strong relationships with luxury watch brands like Rolex, Patek Philippe, and Audemars Piguet, and is positioned to consolidate the fragmented US luxury watch retail market. | WOSG.L |
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| 2025 Q4 | Jan 8, 2026 | Hertford Capital | 0.7% | 6.8% | ACM.DE, BAMI.MI, CRAYN.OL, MAB1.L, MOL.MI, MRL.L, NA9.DE, PHLL.L, QXO, TPFG.L, WOSG.L | Construction, Europe, Mortgage, small caps, software, special situations, value | The fund is positioned around the European and UK housing, construction, and mortgage broking market recovery with approximately 40% allocation. The manager sees opportunities in the Italian mortgage market recovery through Moltiply Group, similar to UK positions in Mortgage Advice Bureau and The Property Franchise Group. Around 20% is allocated to software and SaaS companies, driven by ongoing digitization needs. The fund holds positions in companies like Nagarro SE and Crayon Group, with the latter potentially merging with SoftwareOne to create a larger Microsoft partner. The portfolio benefits from recovery in European construction markets through building materials exposure. The segregated account investment in QXO Inc. aligns with extensive research in building and construction materials sector, targeting industry consolidation opportunities. | View | |
| 2024 Q4 | Jan 8, 2025 | Hertford Capital | 0.7% | 6.8% | ACM.DE, BAMI.MI, CRAYN.OL, MAB1.L, MOL.MI, MRL.L, NA9.DE, PHLL.L, QXO, TPFG.L, WOSG.L | Construction, Europe, Mortgage, small caps, software, special situations, value | The fund is positioned around the European and UK housing, construction, and mortgage broking market recovery with approximately 40% allocation. Specific investments include Moltiply Group in Italy's mortgage market and UK positions in Mortgage Advice Bureau and The Property Franchise Group. | QXO MPG.MI WOSG.L PHLL.L ANIM.MI CRAYN.OL NA01.DE |
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| 2023 Q4 | Jan 28, 2024 | Gehlen Brautigam | 0.7% | 6.8% | ANIM.MI, BFIT.AS, BIJ.DE, GYM.L, KAMUX.HE, KSB.DE, MAB1.L, PHLL.L, SAF.DE, STO3.DE | consumer, dividends, Europe, industrials, small caps, value | The fund is invested in around 20 selected European and UK small and micro caps. The managers believe many European and UK small and micro caps are priced below intrinsic value and historically inexpensive compared to large and mid caps, which could lead to above average returns over the medium to longer term. | BHARATBIJ.NS |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| 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. | ||||||||