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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 7, 2025 | Invesco Small Cap Value Fund | 6.5% | 0.2% | AL, COHR, DAVA, ENTG, EPAM, EWBC, GL, GLOB, HBM.TO, HOLX, LITE, MOH, MP, NRG, PAAS, PNFP, RMBS, SAIA, TEX, WAL, WBS | AI, Banking, energy, healthcare, Intrinsic Value, materials, small cap, value | The fund employs an intrinsic value approach to stock selection, seeking companies significantly undervalued on an absolute basis. At quarter end, the difference between market prices and estimated intrinsic value was attractive, indicating potential long-term capital appreciation. Following outperformance of large-cap stocks over small-cap stocks in recent years, the managers see greater long-term upside to intrinsic value in many small-caps compared to large-caps. | TEX SAIA |
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| 2025 Q2 | Jul 24, 2025 | Crescat Capital – Global Macro Hedge Fund | - | - | MP | activism, Bubble, discovery, Exploration, Metals, Mining, Trump Policy, value | Crescat has built large activist stakes in small- and micro-cap mining companies with prospective claims across viable jurisdictions. The firm has helped portfolio companies complete more greenfield drilling over five years than all major publicly traded gold mining companies combined, resulting in 38 companies making bona fide discoveries including Snowline Gold, Sitka Gold, Goliath Resources, and others. | View | |
| 2025 Q2 | Jul 23, 2025 | Macro ops | 9.9% | 32.6% | AMTM, APM.TO, IDR.TO, IPI, MP, NICU.TO, RHM.DE, RKLB, UBER, VLE.TO | crypto, defense, Futures Trading, Mining, risk management, Trifecta Lens | European Defense thesis continues to play out with Rheinmetall rising 33% during the quarter. National Defense thematic includes positions like Amentum Holdings and represents 23% of portfolio exposure through Aerospace & Defense sector allocation. | View | |
| 2025 Q2 | Jul 23, 2025 | Massif Capital | 6.2% | 16.5% | 6368.T, AFM.L, AMPX, CHG.L, ENVX, EQNR, GKP.L, GLO.TO, HBR.L, MP, TSM, VAR.OL | Battery Technology, Critical Minerals, defense, energy, Europe, Mining, Natural Gas, semiconductors | Portfolio heavily invested in tin and tungsten mining companies due to supply constraints and growing demand. Alphamin dominates tin production with strong margins while tungsten faces extreme geographic concentration with China controlling 80% of global production. Both metals are essential for defense, aerospace, and electronics applications with limited alternative suppliers. | ENVX ENVX 6368 JP CHG LN |
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| 2024 Q1 | May 7, 2024 | Bernzott Capital Advisors – US Small Cap | 8.5% | 8.5% | AROC, EVR, GNTX, HCI, HHH, LANC, MP, PCH, PLXS, VNOM | energy, financials, materials, Quality, small caps, value | Energy holdings were the leading contributor to portfolio returns with Archrock benefiting from robust demand for compression equipment and Viper Energy advancing on improving oil prices and M&A visibility. The manager continues to hold positions in both companies. | PCH |
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| 2025 Q3 | Oct 24, 2025 | NCG Small Cap Growth Strategy | 5.9% | 3.9% | AAON, ADMA, AEHR, APLD, AVAV, BE, CDNA, FROG, KVYO, LEU, MIRM, MP, PAR, PGY, PI, PL, PRCH, STRL, TOL, VCEL, XMTR | AI, defense, growth, infrastructure, nuclear, small cap, Speculation, valuation | Artificial intelligence presents great promise for enhancing business models and improving productivity long-term. In the near-term, the infrastructure needed to support the AI buildout is spurring significant increases in investment and capital expenditures, driving new growth opportunities for innovative companies across technology, industrials, and energy sectors. | BE XMTR |
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| 2025 Q3 | Oct 24, 2025 | NCG SMID Cap Growth Strategy | 7.1% | 4.3% | AAON, ADMA, AEHR, APLD, AVAV, BE, CDNA, FROG, KVYO, LEU, MIRM, MP, PAR, PGY, PI, PL, PRCH, SPRY, STRL, TOL, XMTR | AI, earnings, growth, industrials, infrastructure, Rate Cuts, small caps, technology | Artificial intelligence presents great promise for enhancing business models and improving productivity long-term. In the near-term, the infrastructure needed to support the AI buildout is spurring significant investment and capital expenditures, driving new growth opportunities for innovative companies across technology, industrials, and energy sectors. | View | |
| 2025 Q3 | Oct 20, 2025 | Invesco Small Cap Value Fund | 10.0% | 10.2% | AL, COHR, DAVA.L, ENTG, EPAM, EWBC, GL, GLOB, HBM.TO, HOLX, LITE, MOH, MP, NRG, PAAS, PNFP, RMBS, SAIA, TEX, WAL, WBS | AI, energy, healthcare, Intrinsic Value, materials, small caps, Transportation, value | The fund employs an intrinsic value approach to stock selection, seeking companies significantly undervalued on an absolute basis. At quarter end, the difference between market prices and intrinsic value estimates was attractive, indicating potential long-term capital appreciation. Following outperformance of large-caps over small-caps in recent years, managers see greater long-term upside to intrinsic value in many small-caps compared to large-caps. | View | |
| 2025 Q3 | Oct 16, 2025 | Bridgewater Associates | - | - | AAPL, BASFY, DOW, GE, MP, MSFT, TSLA, XOM | AI, China, energy, geopolitics, Grid, Industrial Policy, Renewables, Self-sufficiency | The world is shifting toward modern mercantilism where governments prioritize energy self-sufficiency for national competitiveness, especially given the critical role of energy in the AI race. Climate considerations are becoming less important in directly shaping energy and industrial policy, lowering the probability of achieving the massive systems overhaul needed for decarbonization. | View | |
| 2025 Q4 | Jan 23, 2026 | Tectonic Investors | 0.0% | 0.0% | AAPL, GOOGL, META, MP, UBER | Automation, Critical Minerals, Investment, Manufacturing, Physical AI, Robotics, semiconductors, technology | Robotics represents the migration of intelligence from digital to physical world, a transformative general-purpose technology at the intersection of energy, mobility, AI, infrastructure and manufacturing. Economics have crossed critical threshold with robotic total cost of ownership reaching parity with human labor costs in many tasks. Industry estimates project $500B in hardware sales by 2030, $9T by 2040, and $25T by 2050. Physical AI demands low-latency, energy-efficient compute with semiconductor content in advanced robots projected to grow rapidly. Intelligence is becoming embodied, mobile, and scalable as global corporate leaders like Google, Meta, Apple aggressively hire robotics talent to position for shift into physical AI. Physical AI demands specialized semiconductor solutions with companies like Horizon Robotics designing energy-efficient, low-latency AI SoCs for perception, planning, and control at the edge. Morgan Stanley estimates need for 40,000x increase in edge computing capacity to 12.5 million ExaFLOPS worth $1.5T by 2050. Critical minerals including lithium, cobalt, nickel, copper, and rare earth elements are foundational to robotics industry. Over 95% of motors in humanoid robots use rare earth magnets with each unit using 2-4 kilograms of these materials. MP Materials positioned to supply critical materials for surge in global robotics. Automation is transitioning from experiment to rational capital allocation decision as robotic total cost of ownership reaches parity with fully loaded human labor costs including recruitment, training, turnover, downtime, safety, insurance, and variability. Focus on dangerous, dirty and dull tasks where customers willing to pay premium. | View | |
| 2022 Q1 | Mar 31, 2022 | Bernzott Capital Advisors – US Small Cap | 8.5% | 8.5% | CMP, HALO, HCI, HI, JBI, MP, VNOM | - | View | ||
| 2022 Q4 | Feb 22, 2023 | Bernzott Capital Advisors – US Small Cap | 8.5% | 8.5% | BV, GV, GVA, HALO, HHC, JRVR, KN, MP, QUOT, SP, SSTK, UPLD, VNOM | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Feb 20, 2026 | Seeking Alpha | Seeking Alpha | MP Materials Corp. | Materials | Metals & Mining | Bull | New York Stock Exchange | domestic production, geopolitical tensions, government support, Market advantage, materials sector, MP Materials, Pentagon contract, Rare Earths, Strategic importance, supply chain | View Pitch |
| Jan 28, 2026 | Fund Letters | Jeffrey Everett | MP Materials Corp. | Materials | Specialty Mining & Metals | Bull | New York Stock Exchange | magnets, materials, RareEarths, robotics, Supplychain | View Pitch |
| Oct 23, 2025 | Value Investors Club | Glory_Warriors | MP Materials Corp. | Materials | Diversified Metals & Mining / Rare Earths | Bear | NYSE | China, NdPr oxide, tariffs | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Ian Bezek | MP Materials | Other | - | Neutral | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Gary Tanashian | MP Materials Corp. | Materials | Other Industrial Metals & Mining | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Invest Heroes | MP Materials | Materials | Other Industrial Metals & Mining | Neutral | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Wall Street Breakfast | MP Materials | Materials | Other Industrial Metals & Mining | Bull | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Akim Guerreiro | MP Materials | Materials | Other Industrial Metals & Mining | Bull | 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 |
|---|---|---|---|---|---|---|---|---|
| Leon Cooperman | Omega Advisors | $3.0B | $151.6M | 5.03% | 3,000,000 | -240,000 | -7.41% | 1.4849% |
| Tim Campbell | Baillie Gifford | $120.3B | $36.2M | 0.03% | 717,292 | -237,312 | -24.86% | 0.3550% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $1.7M | 0.00% | 34,426 | -142,668 | -80.56% | 0.0170% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $19.9M | 0.02% | 394,400 | +394,400 | +100.00% | 0.1952% |
| Ray Dalio | Bridgewater Associates | $27.4B | $3.2M | 0.01% | 62,458 | +1,350 | +2.21% | 0.0309% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $293,016 | 0.00% | 5,800 | -49,324 | -89.48% | 0.0029% |
| Israel Englander | Millennium Management LLC | $233.2B | $5.2M | 0.00% | 103,300 | +7,744 | +1.45% | 0.0511% |
| Stephen Selver | Bramshill Investments | $1.8B | $429,420 | 0.02% | 8,500 | +500 | +6.25% | 0.0042% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $9.0M | 0.01% | 178,023 | -35,349 | -16.57% | 0.0881% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $42.1M | 0.06% | 834,148 | -187,791 | -18.38% | 0.4129% |
| Cliff Asness | AQR Capital Management | $190.6B | $1.2M | 0.00% | 23,561 | -23,530 | -49.97% | 0.0117% |
| Brian Ashford-Russell | Polar Capital Holdings | $25.8B | $2.3M | 0.01% | 46,500 | +38,600 | +488.61% | 0.0230% |
| George Soros | Soros Fund Management | $6.8B | $624,831 | 0.01% | 12,368 | +12,368 | +100.00% | 0.0061% |
| $25.6B | $27.8M | 0.11% | 550,206 | +550,206 | +100.00% | 0.2722% |