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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Jul 30, 2024 | Penn Davis McFarland | - | - | AAPL, AMD, AMZN, BA, CSCO, FTRE, GOOGL, INTC, META, MSFT, MTCH, NVDA, PYPL, QCOM, SPR, TSM | AI, Cash, competition, Geopolitical, productivity, semiconductors, technology, value | The letter extensively discusses AI as a transformative technology with potential for immense productivity gains. The manager draws parallels between today's AI boom and the internet infrastructure build-out of 2000, noting that while Nvidia leads the AI infrastructure space like Cisco did for internet infrastructure, the real winners may be companies that leverage AI to solve real-world problems rather than just build the infrastructure. | View | |
| 2023 Q2 | Jul 30, 2023 | Penn Davis McFarland | - | - | MTCH | Cash, Commercial real estate, consumer, credit, Fed policy, value | Commercial real estate faces significant headwinds as Fed rate hikes work through the economy. Office properties are down over 20% from prior values, with worse conditions in coastal markets. Building owners are handing keys to lenders rather than salvaging equity as commercial loans hit maturity dates. | BMBL; MTCH |
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| 2023 Q2 | Jul 11, 2023 | Rathbones | - | - | ACN, ADBE, AMZN, ARM, ASML, CHGG, GOOGL, INTC, META, MSFT, MTCH, NFLX, NVDA, PYPL, TSM, UBER, WEN | AI, Bonds, diversification, Hydrogen, Japan, semiconductors, technology | The launch of ChatGPT has triggered a new artificial intelligence gold rush among investors, driving strong gains across technology companies. Generative AI represents a breakthrough that can create original content rather than just identify patterns. The value currently accrues primarily to Nvidia as the dominant chip provider, though the long-term profit distribution across the AI supply chain remains uncertain. | View | |
| 2024 Q1 | Apr 20, 2024 | Cedar Grove Capital Management | 21.0% | 0.0% | AAPL, ACI, BAC, CCJ, CPRI, DJT, FVRR, IRBT, LULU, MTCH, ONON, OXY, PTON, RH, SAVE, TPR | arbitrage, Consolidation, Frontrunning, portfolio, rates, risk management, Speculation | Manager notes AI taking front-row seat despite most companies not understanding how to use it beyond buzzwords and chatbots. Expects capital investment to taper off, ending parabolic growth in semiconductor names. | View | |
| 2025 Q1 | Mar 31, 2025 | The Sound Shore Fund | -1.9% | -1.9% | BRK.B, C, CHKP, COF, CTRA, DIS, EOG, FIS, GM, Gold, KMI, KR, LEN, MHK, MTCH, NSRGY, PVH, PYPL, TEVA, VST | energy, financials, healthcare, materials, technology, value | Sound Shore emphasizes their value investing approach, highlighting that their portfolio trades at 11.0 times forward earnings versus 20.1 times for the S&P 500. The manager notes that quality at an attractive price has performed well over the past five years as interest rates normalized from zero. | Gold CHKP DIS PYPL TEVA |
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| 2025 Q3 | Oct 24, 2025 | Meridian Hedged Equity Fund | 1.6% | - | ABNB, CHTR, DHI, DHR, GEO, GFL, ICE, JNJ, KVUE, LBRDA, LNG, LYV, META, MGM, MTCH, ORCL, YOU | AI, healthcare, Hedged Equity, inflation, Options, technology, value | The AI narrative dominated equity performance with solid results from Oracle and massive infrastructure commitments from OpenAI and Meta fueling momentum. Markets demonstrated comfort with extended monetization horizons, valuing AI's disruptive capacity above traditional financial metrics. Valuations across AI-related technology appear elevated by historical standards. | JNJ DHI ICE KVUE LBRDK JNJ DHI ICE KVUE LBRDK |
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| 2025 Q3 | Oct 21, 2025 | Starboard Value | - | - | ABNB, BKNG, CART, CHWY, EBAY, ETSY, EXPE, MTCH, TRIP, W | AI, Experiences, M&A, Marketplace, Online travel, Travel, valuation | Tripadvisor operates three distinct market-leading businesses in the online travel category. The experiences segment is the fastest growing category in travel, having grown approximately 200% since 2019. Online experiences has the lowest penetration of all travel categories at less than 30%, compared to 85% for cruises and 74% for flights, creating significant growth opportunity. | TRIP TRIP |
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| 2024 Q3 | Oct 15, 2024 | Tidefall Capital Management | 13.2% | 21.1% | BMBL, MTCH | Dating Apps, Network Effects, small cap, Social Media, technology, value | Dating apps represent a stable oligopoly with strong network effects that prevent new entrants from gaining scale. Despite temporary headwinds from society moving back to in-person settings, dating apps remain the dominant way relationships are formed, particularly as workplace romances become taboo and Gen Z spends more time online. | BMBL |
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| 2025 Q4 | Jan 21, 2026 | Meridian Hedged Equity Fund | 0.1% | 0.0% | ABNB, AMZN, CB, DHI, DHR, DKNG, GEO, LNG, LW, LYV, MGM, MTCH, VST, YOU | energy, gaming, Hedged Equity, Homebuilders, Options, Travel, value | The fund holds positions in gaming companies including MGM Resorts International and DraftKings. MGM benefited from record results in Macau properties and BetMGM achieving profitability. DraftKings faced near-term pressures from earnings shortfalls and competitive pressures but maintains long-term earnings potential. The fund maintains exposure to energy companies including Vistra Corp and Cheniere Energy. Vistra is positioned to benefit from surging electricity demand driven by data centers and electrification trends, operating attractive nuclear and natural gas generation assets in tight power markets. The fund has exposure to travel-related companies including MGM Resorts and Clear Secure. Clear Secure provides biometric identity solutions for travelers and benefited from robust travel demand and operational efficiency during the quarter. The fund holds D.R. Horton as a top position, representing exposure to the homebuilding sector. The company is positioned in the residential construction market. | YOU DHR MGM VST DKNG LW |
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| 2024 Q4 | Jan 10, 2025 | The Bristlemoon Global Fund | 10.4% | 3.1% | APP, META, MTCH, PAR, PDD, PINS, TCEHY | Advertising, gaming, Portfolio Management, Position Sizing, risk management, Social Media, technology | The fund holds significant positions in social media platforms including Pinterest and Meta Platforms. Pinterest represents the fund's largest performance detractor since inception, with management acknowledging position sizing errors. The company is transitioning to lower-funnel ad products but has experienced revenue growth deceleration from 20%+ to 15-17% guidance. | View | |
| 2024 Q2 | Jul 15, 2024 | Starboard Value | 0.0% | 0.0% | MTCH | activism, Buybacks, growth, Margins, technology, value | Match trades at less than 8.5x 2024 free cash flow, representing a nearly 45% discount to comparable technology companies despite its quality business characteristics and market leadership position. | MTCH |
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| 2023 Q2 | Jun 30, 2023 | Stewart Asset Management | 0.0% | 0.0% | ADBE, AMZN, FND, GOOGL, ISRG, MTCH, NVDA | Concentration, growth, large cap, long-term, technology | Nvidia exemplifies the AI theme as a leader in advanced semiconductors, specialized networking equipment and proprietary software across growing global markets. The company has entrenched itself as a leader in AI-related markets and its earnings increased nearly four-fold in five years. The manager believes Nvidia is a business whose earnings power will continue to grow rapidly despite considerable valuation increases. | AAPL|MSFT|NFLX|NVDA|UNH |
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| 2023 Q1 | Apr 25, 2023 | Tidefall Capital Management | 2.4% | 6.9% | MTCH, NTDOY | gaming, growth, Media, technology, value | Nintendo Switch entering seventh year with investor fears about console cycle transition. Manager confident next generation will remain backwards compatible, combined with world-class IP and unified hardware strategy for smooth transition. Switch has shipped 122 million units, moving to iPhone-like upgrade cycle with assured developer buy-in. | BMBL; MTCH NTDOY |
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| 2022 Q1 | Mar 31, 2022 | White Brook Capital | 3.0% | 3.0% | IAC, KAR, MHK, MTCH, QRTEA | - | View | ||
| 2022 Q4 | Jan 25, 2023 | RGA Investment Advisors | 0.0% | 0.0% | AZO, FEVR LN, GOOG, MTCH, PYPL | - | View | ||
| 2023 Q4 | Jan 13, 2024 | ClearBridge Investments All Cap Growth | 0.0% | 0.0% | AAPL, AMZN, APTV, AVGO, BIIB, CMCSA, CRWD, CTAS, GH, GOOGL, HUBS, META, MSFT, MTCH, NFLX, NOW, NVDA, PANW, TGT, TSLA, U, UPS, WBD | diversification, growth, large cap, software, technology, volatility | AI remains a key trend supporting parts of technology sector. The managers expect AI to continue driving performance in certain technology segments while market participation broadens beyond the AI-focused Magnificent Seven stocks. | 0CUN LN AIR FP|ICLR|LIN|MRVL|NOW|TSM CTAS |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Starboard Value | Match Group, Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | activist, capital allocation, margin expansion, market leader, Online Dating, product innovation, SaaS, Share Buybacks, technology, turnaround, Value | View Pitch |
| Jan 16, 2026 | Seeking Alpha | Seeking Alpha | Match Group, Inc. | Technology | Interactive Media & Services | Bull | NASDAQ Stock Market | competitive position, diversification, Hinge growth, online dating market, profitability, Revenue Growth, Tinder stabilization, Turnaround strategy, user demographics, valuation | View Pitch |
| Oct 23, 2025 | Value Investors Club | tharp05 | Match Group Inc | Communication Services | SaaS | Bull | NASDAQ | activist, AI, buybacks, margin expansion, Online Dating, turnaround | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Uttam Dey | Match Group | Communication Services | Internet Content & Information | Bull | NASDAQ | — | 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. | ||||||||