MAT

MAT

MAT

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q1	Apr 12, 2025	Longleaf Partners Fund	-5.1%	-5.1%	ACI, BIO, CNX, FDX, IAC, MAT, PVH, PYPL, RTX	-			View
2025 Q3	Dec 31, 2025	AMG Frontier Small Cap Growth Fund	7.5%	4.8%	ALGT, CGNX, COHR, EOLS, INSP, LTH, MAT, RARE, RNST, SIMO, U	AI Infrastructure, earnings recovery, Interest Rate Sensitivity, Semiconductor Exposure, Small Cap Growth	The letter discusses a strong rebound in U.S. small caps alongside continued economic growth and easing monetary policy expectations. Performance was driven by selective exposure to technology, semiconductors, and AI-related infrastructure, while healthcare and consumer discretionary detracted due to idiosyncratic risks. The manager expects falling interest rates, improving employment, and capital expenditure tailwinds to support a multi-year recovery in small-cap earnings.		View
2023 Q3	Dec 10, 2023	Longleaf Partners Fund	10.4%	10.3%	CNX, GE, IAC, MAT, WBD, WMG	-			View
2023 Q3	Dec 10, 2023	Longleaf Partners Global Fund	14.8%	18.4%	CNX, DHE GR, GE, IAC, MAT, WBD	-			View
2023 Q3	Dec 10, 2023	Longleaf Partners Small-Cap Fund	8.9%	11.5%	CNX, MAT, OSCR, SAM, WEST	-			View
2022 Q3	Oct 28, 2022	Miller Value Partners Opportunity Equity	9.8%	9.8%	ADT, DXC, KRTX, MAT, SCPPF, SFIX, SI, UBER	-			View
2025 Q3	Oct 15, 2025	Ariel Appreciation Fund	9.5%	-	FI, GS, KMX, KN, MAT, PBH, PSKY, REZI, SPHR	Artificial Intelligence, consumer tech, Fintech, Mid Caps, Value Investing	Ariel Appreciation emphasizes AI-related growth, fintech innovation, and value recovery among mid-cap holdings. Top contributors included Resideo, Sphere Entertainment, and Knowles, while cyclicals like CarMax weighed on results. The team expects undervalued mid-cap equities to outperform as valuations normalize and active management captures AI and consumer technology tailwinds.	PBH FISV MAT KMX KN SPHR REZI	View
2025 Q3	Oct 15, 2025	Ariel Fund	12.4%	-	MANU, MAT, PBH, PSKY, REZI, SPHR	Artificial Intelligence, Media, small caps, Smart homes, Value rotation	Ariel highlights strong small-cap performance amid AI-driven enthusiasm and resilient U.S. growth. The fund benefited from holdings like Sphere Entertainment and Resideo Technologies, while focusing on undervalued cyclicals positioned for an earnings catch-up. It sees opportunity in media innovation and smart home technology as valuations for small caps remain deeply discounted.		View
2025 Q3	Oct 15, 2025	Ariel Small Cap Value Strategy	12.7%	-	BCO, KMT, MAT, PBH, REZI, SPHR, ZBRA	consumer, cyclicals, industrials, small caps, valuation	Ariel sees improving prospects for small caps and cyclical stocks amid Fed easing, strong earnings, and valuation gaps versus large caps. The strategy favors pro-cyclical exposure in undervalued businesses across industrials, logistics, and consumer sectors while maintaining discipline in capital deployment. The managers expect small-cap valuations to normalize as market breadth improves and economic resilience persists.	KMT US SPHR US BCO US REZI US	View
2025 Q3	Oct 15, 2025	Longleaf Partners Fund	-0.3%	-0.4%	ACI, BIO, CNX, EXO NA, FDX, FIS, IAC, KHC, MAT, PCH, PVH, REGN, RYN	Capital Allocation, free cash flow, Market cycles, Quality Companies, Value Investing	Longleaf reiterates its focus on long-term value and high free cash flow per share growth amid market froth driven by AI hype and mega-cap valuations. The fund holds concentrated positions in cash-generative firms like CNX, Kraft Heinz, and FedEx, emphasizing operational discipline and capital allocation. Management expects re-rating potential as fundamentals outweigh speculation.	BIO REGN PCH RYN ACI FDX MGM IAC KHC MAT CNX	View
2025 Q3	Oct 15, 2025	Longleaf Partners Global Fund	2.6%	10.9%	4613 JP, ACI, CAN LN, CNX, EXO NA, GLB LN, IAC, MAT, PCH, PHG, PVH, RYN	Compounding, free cash flow, Global Equities, Quality, Value Investing	Longleafs Global Fund emphasizes owning real-asset and cash-flow-generating businesses while avoiding speculative overvaluation driven by AI exuberance. Management sees opportunity in undervalued holdings such as timber, media, and consumer companies trading at low free cash flow multiples. The portfolio remains positioned for durable compounding through disciplined capital allocation and improving fundamentals.	PVH 4613 JP	View
2025 Q3	Oct 15, 2025	Longleaf Partners Small-Cap Fund	2.0%	6.4%	CLW, CNX, CUERVO* MM, GHC, GRUMAB MM, MAT, OSCR, PCH, RYN, TRIP, WTM	Compounding, free cash flow, Share repurchase, small caps, Value Investing	Longleafs Small-Cap Fund focuses on undervalued, high-quality small-cap franchises generating strong free cash flow. The team notes speculative excess in unprofitable small caps but remains confident in holdings such as Gruma, Becle, and White Mountains, which have multiple catalysts for value realization. Management sees substantial upside from disciplined ownership and shareholder alignment.	TRIP US MAT US WFG US CNX US	View
2025 Q4	Jan 14, 2026	Longleaf Partners Fund	-0.3%	-0.4%	ACI, AMG, ANGI, AVTR, CNX, DINO, DIS, EXO.MI, FDX, H, IAC, KHC, MAT, MGM, PCH, PVH, PYPL, REGN, RTX, RYN	Buybacks, Cash, Defensive, Leverage, Quality, value	Fund focuses on undervalued companies trading below intrinsic value with P/V ratio in low-60s%. Manager emphasizes buying quality companies at discounts and waiting for market recognition of value. Multiple portfolio companies engaged in significant share repurchases including Mattel ($600M), Regeneron, MGM (40% over 5 years), and PVH. Manager views buybacks as value-creating at current discounted prices. Holdings include Mattel with strong IP portfolio (Hot Wheels, Barbie, UNO) and upcoming movie releases, plus IAC's digital assets. Focus on companies with valuable content and intellectual property.	ANGI PVH PYPL MGM IAC REGN MAT DINO KHC	View
2025 Q4	Jan 14, 2026	Longleaf Partners Global Fund	5.3%	16.7%	ANGI, AVTR, BIO, CNH, CNX, DHER.DE, EXOR.MI, F, FI, GLAN.L, GRUMA.MX, IAC, JFC.PS, KHC, MAT, MGM, PHG, REGN, STLA, TIGO, UNH	Buybacks, FCF, global, Holdings, Media, Quality, value	The fund maintains a concentrated portfolio of undervalued stocks trading at low P/V ratios in the low-60s%. Management emphasizes finding defensive growers like consumer staples and timberland companies at better prices, similar to their successful positioning in 1999. They focus on companies with strong free cash flow generation and quality management partners. Multiple portfolio companies are actively repurchasing shares at attractive prices. MGM has repurchased over 40% of shares in five years, Glanbia added to buyback programs, and Exor executed efficient share repurchases via Dutch auction. The fund views these as value-creating capital allocation moves. Canal+ renewed exclusive UEFA Champions League rights for 2027-2031 at better economics than feared, reinforcing subscriber base quality. The company made operational progress across European and African platforms following the MultiChoice merger, though remains underfollowed as a French media company on London Stock Exchange.	AVTR BIO ANGI MGM KHC IAC TIGO GLB LN CAN LN	View
2025 Q4	Jan 14, 2026	Longleaf Partners Small-Cap Fund	1.1%	7.6%	ALX, CLW, CNX, CUERVO.MX, ESRT, GHC, GLIBA, GRUMA.MX, MAT, PCH, RYN, SAM, SHEN, TRIP, WTM	Alcohol, Media, real estate, small cap, Telecommunications, undervalued, value	Fund focuses on undervalued companies trading below intrinsic value with P/V ratios in low-60s%. Manager emphasizes buying quality companies at discounted prices when market favors unprofitable, lower quality stocks. Significant exposure to alcoholic beverage companies including Becle (tequila/whiskey manufacturer) and Boston Beer. Alcohol industry faces consumption headwinds but companies have strong brands and pricing power. Holdings in Empire State Realty and Alexander's provide exposure to New York real estate. Despite political concerns about Mayor Mamdani, on-the-ground leasing trends outpace weak stock performance. Graham Holdings diversified conglomerate includes broadcast television assets that could benefit from increased M&A activity. Kaplan education segment returning to growth after multi-year turnaround.	PK ALX ESRT CLW SAM OSCR MAT GHC GLIBA	View
2023 Q3	Sep 30, 2023	Ariel Small Cap Value Strategy	10.1%	0.0%	AMG, BCO, LESL, LIND, MAT, NCLH, SPHR	-			View
2024 Q2	Jul 31, 2024	Ariel Appreciation Fund	9.9%	0.0%	CLB, CRL, GS, MAT, MIDD, SRCL, WBA	-			View
2024 Q2	Jul 23, 2024	Longleaf Partners Fund	10.4%	10.3%	BIO, CNH, FDX, LBRDK, MAT	-			View
2024 Q2	Jul 23, 2024	Longleaf Partners Small-Cap Fund	8.9%	11.5%	HOUS, KODK, MAT, OSCR, PCH	-			View
2025 Q1	Mar 31, 2025	Ariel Appreciation Fund	-6.9%	-6.9%	ADT, BIO, GS, KN, MAT, MIDD, NCLH, SLB	-			View
2023 Q3	Mar 10, 2023	Ariel Appreciation Fund	9.9%	0.0%	AXTA, GNRC, IPG, KKR, MAT, NOV	-			View
2023 Q3	Mar 10, 2023	Ariel Fund	12.1%	0.0%	ATGE, GNRC, IPG, LESL, MAT, PBH, SPHR	-			View
2023 Q4	Feb 20, 2024	Ariel Small Cap Value Strategy	10.1%	0.0%	CLB, JHG, JLL, LIND, MAT, NVST, OSW	-			View
2023 Q4	Jan 31, 2024	Ariel Fund	12.1%	0.0%	ATGE, CLB, JLL, MAT, RCL	-			View
2023 Q4	Jan 31, 2024	Ariel Appreciation Fund	9.9%	0.0%	BWA, CG, CLB, KKR, MAT, SCHW	-			View
2023 Q4	Jan 17, 2024	Longleaf Partners Fund	10.4%	10.3%	FDX, FFX GR, GE, H, LUMEN SS, LYV, MAT, MGM, PVH, WBD	-			View
2023 Q4	Jan 17, 2024	Longleaf Partners Small-Cap Fund	8.9%	11.5%	3G3B GR, ESRT, H, KNF, LUMEN SS, MAT, OSCR, WEST	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jan 28, 2026	Seeking Alpha	Seeking Alpha	Mattel, Inc.	Consumer Goods	Toys & Games	Bull	NASDAQ Stock Market	content partnerships, DC partnership, Free Cash Flow, Hot Wheels, Mattel, Netflix, Share Buybacks, tariffs, Toy Industry, Toy Story 5	View Pitch
Jan 16, 2026	Fund Letters	Ross Glotzbach	Mattel, Inc.	Consumer Discretionary	Leisure Products	Bull	NASDAQ	brands, buybacks, Intellectualproperty, Margins, Toys	View Pitch
Jan 16, 2026	Fund Letters	Ross Glotzbach	Mattel, Inc.	Consumer Discretionary	Leisure Products	Bull	NASDAQ	brands, buybacks, Intellectualproperty, Margins, Toys	View Pitch
Nov 29, 2025	Fund Letters	Ross Glotzbach	Mattel, Inc.	Consumer Discretionary	Leisure Products	Bull	NASDAQ	buybacks, Content-pipeline, EPS growth, Licensing, Margins, tariffs, Toys	View Pitch
Nov 29, 2025	Fund Letters	John W. Rogers	Mattel Inc.	Consumer Discretionary	Leisure Products	Bull	NASDAQ	Branding, buybacks, consumer, entertainment, growth, Margins, Toys	View Pitch

BSD Shareholders of MAT

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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