Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2026 Q1 | Apr 28, 2026 | Fairlight Alpha Fund | 4.6% | 4.6% | 5LY SI, CVX.TO, MMY.TO, VLE.TO | AI, energy, global, gold, infrastructure, Microcap, Mining, oil | View | ||
| 2024 Q4 | Feb 8, 2025 | Fairlight Alpha Fund | -0.5% | 13.6% | ALOFI.PA, COST, MMY.TO, SRB.L, WMT | Food, gold, growth, Mining, small caps, value | The fund owns junior gold mining stocks including Monument Mining Limited and Serabi Gold plc, benefiting from rising gold prices and increasing production. Both companies are enjoying record revenues and cashflows as gold prices have risen from $1,912 in Q3 2023 to $2,886 currently, while maintaining low all-in sustaining costs. | ALLOG.PA BOFI.V SRB.L MMY.TO |
View |
| 2025 Q4 | Jan 23, 2026 | Fairlight Alpha Fund | 9.9% | 66.2% | ALLOG.PA, MMY.TO, SHEL.DE, SRB.L | AI, commodities, Gold Miners, small caps, technology, value | Junior gold miners like Serabi Gold and Monument Mining benefited from rising gold prices and increased production optimization. These companies remain undervalued despite strong cash flow generation, with Monument trading at only 1.25x operating cash flow for a fully operational mine. AI boom is driving massive capital expenditure diversion from traditional sectors to technology infrastructure. This trend is creating a hidden recession in non-tech sectors while fueling growth in AI-related technologies and adjacent industries. Portfolio focuses on undervalued companies with strong fundamentals that remain mispriced due to market narratives or overlooked business inflections. Examples include Logic Instrument trading below revenue multiples despite strong moat and growth prospects. | BOF SLYG GR SRB LN |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Fairlight Alpha Fund | Monument Mining Limited | Materials | Gold | Bull | TSX Venture Exchange | AISC, cash generation, commodity, Flotation Processing, gold mining, Low-cost producer, Mine Exploration, Sulphide Ore | 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. | ||||||||