NEU

NEU

NEU

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 29, 2025	The London Company SMID Cap	-0.8%	-7.3%	AER, AWI, MUSA, NEU, SAIA, WTM	Capital Allocation, earnings, Quality, risk control, valuation	The commentary reiterates a quality-first approach focused on predictable earnings, prudent capital allocation, and downside protection. Management stresses patience through volatility and selective exposure to structurally advantaged businesses. Valuation discipline remains integral to risk management.	AER AWI NEU	View
2025 Q2	Jul 20, 2025	The London Company Large Cap	-0.4%	1.8%	BRK/B, FI, NEU, PGR, SCHW, TEL	cash flows, downside protection, large cap, Quality, valuation	The commentary highlights large-cap businesses with durable cash flows, conservative leverage, and strong competitive positions. A focus on quality and downside protection may lag in momentum-driven rallies but is designed to outperform over full cycles. Discipline and fundamentals remain central amid elevated valuations.	PGR BRK.B SCHW TEL NEU	View
2025 Q2	Jul 20, 2025	The London Company Small Cap	2.4%	-4.9%	ACIW, AWI, CABO, GTES, MATX, NEU, SGI, WTM	free cash flow, Quality, returns on capital, small cap, volatility	The letter emphasizes conservative small-cap investing focused on free cash flow generation and strong returns on capital. Market volatility and tariff-driven uncertainty have created dispersion and selective opportunity. Quality is viewed as a long-term advantage despite short-term performance headwinds.	ACIW AWI NEU GTES	View
2025 Q2	Jul 20, 2025	The London Company Small-Mid Cap	-0.8%	-7.3%	AER, AWI, MUSA, NEU, SAIA, WTM	Balance Sheets, Compounding, Discipline, fundamentals, Quality	The letter emphasizes investing in high-quality small- and mid-cap businesses with durable competitive advantages and strong balance sheets. Management highlights disciplined underwriting and avoidance of leverage as critical in navigating macro uncertainty. Long-term compounding is prioritized over short-term market timing.	AWI NEU	View
2023 Q3	Oct 31, 2023	The London Company Large Cap	8.1%	14.6%	ALB, GOOG, MLM, NEU, NSC, ODFL	-			View
2023 Q3	Oct 31, 2023	The London Company Small Cap	7.0%	8.9%	ENOV, LANC, NEU, NGVT, QLYS, TPX	-			View
2023 Q3	Oct 31, 2023	The London Company SMID Cap	9.2%	9.2%	BKI, BR, CHDN, CWST, LANC, LW, MTN, NEU, WAT, ZBRA	-			View
2025 Q3	Oct 28, 2025	The London Company SMID Cap	0.8%	-6.6%	ACIW, AWI, CWST, DECK, JKHY, NEU, REYN, SGI, WAT	Artificial Intelligence, fundamentals, interest rates, Mid Caps, Quality	The fund lagged its benchmark due to underperformance of high-quality holdings during a high-beta rally driven by AI enthusiasm and rate cuts. Management emphasized patience with quality-focused, cash-generative companies that historically regain leadership when speculation subsides. The team continues to avoid speculative growth, favoring resilient mid-cap franchises positioned for normalized rate environments.	DECK ACIW JKHY CWST WAT NEU SGI AWI DECK ACIW JKHY CWST WAT NEU SGI AWI	View
2025 Q3	Oct 28, 2025	The London Company Large Cap	6.2%	8.1%	BRKR, EQH, FI, GOOG, NEU, ODFL, PGR, TEL	Artificial Intelligence, earnings, financials, Quality Investing, value	The portfolio modestly underperformed the benchmark as concentration in megacaps and volatility favored speculative names. Strong contributions from Alphabet and TE Connectivity reflected AI adoption and efficiency gains, while Fiserv and Progressive weighed on results. Management expects a rotation back toward quality and value discipline as valuations and concentration risks heighten in AI-driven markets.	EQH GOOG EQH GOOG	View
2025 Q3	Oct 28, 2025	The London Company Small-Mid Cap	0.8%	-6.6%	ACIW, AWI, CWST, DECK, JKHY, NEU, REYN, SGI, WAT	Artificial Intelligence, fundamentals, interest rates, Quality, volatility	The portfolio trailed as high-beta, speculative stocks rallied on Fed easing and AI optimism, while quality-focused names lagged. Managers noted the markets shift toward volatility and speculation, which they expect to reverse as fundamentals reassert leadership. The team continues emphasizing resilient companies with strong cash flow and durable moats as valuations stretch and rate cuts support selective opportunities.		View
2025 Q4	Jan 21, 2026	Harbor Mid Cap Value Fund	4.1%	16.0%	AMKR, BK, CFG, COIN, EA, ENS, EXPE, FOXA, GM, GTX, HIW, HLF, HOG, HOOD, HPQ, JAZZ, KR, NEU, OC, PHM, PLAB, PVH, SNDK, STT, TXT, WBD, WDC	Buybacks, consumer discretionary, dividends, financials, mid cap, technology, value	The fund maintains its disciplined value investment approach, seeking high-quality, profitable companies that generate cash, pay dividends, and repurchase shares. Mid- and small-cap value stocks continue to trade at attractive multiples despite strong relative performance. AI-driven demand for storage led to strong earnings and increases in revenue growth and margins for technology holdings. AI-related technology stocks may appear priced to perfection, but the fund continues to identify opportunities among mid-cap value stocks. The fund seeks companies that repurchase shares, viewing aggressive stock buybacks positively. Several holdings including General Motors, Garrett Motion, and EnerSys have been aggressively buying back stock.	AMKR EA ENS GTX	View
2025 Q4	Jan 21, 2026	The London Company SMID Cap	2.0%	-4.8%	AER, LW, NEU, WAT, WTM, ZBRA	industrials, mid cap, Quality, small cap, SMID Cap, value	The portfolio emphasizes companies with high and stable returns on invested capital, conservative leverage, and reasonable valuations. Quality factors were headwinds during the quarter but the manager believes the environment is becoming more conducive to fundamentals where earnings growth, dividends, and balance-sheet strength matter more than valuation multiple expansion. Value outperformed Growth across the market cap spectrum during the quarter, with Value factors being the primary driver of returns, led by stocks trading at lower prices relative to sales and book value. The manager expects a return to fundamentals where reasonable valuations become more important.	LW NEU ZBRA AER	View
2025 Q4	Jan 21, 2026	The London Company Large Cap	0.2%	8.3%	BLK, CB, FDX, FI, GOOG, NEU, NSC, RSG	dividends, financials, healthcare, large cap, Quality, technology, value	The manager emphasizes investing in profitable, financially stable, quality large-cap companies with high returns on unleveraged operating capital, strong cash generation, and conservative leverage. Quality factors were headwinds during Q4 as volatility factors outperformed, but the manager believes the environment is becoming more conducive to fundamentals where earnings growth, dividends, and balance-sheet strength matter more than valuation multiple expansion. Value outperformed Growth across the market cap spectrum during Q4, with value factors being the primary driver of returns, led by stocks trading at lower prices relative to sales and book value. The manager sees growing value in true active share and diversified exposure to high-quality businesses in a market defined by elevated valuations and concentration risk. The manager focuses on companies with strong capital allocation and dividend-paying capabilities. Several portfolio holdings like Chubb and BlackRock are highlighted for their steady capital returns and aggressive buyback programs, reinforcing the emphasis on shareholder-oriented management and consistent dividend policies.	RSG NSC BLK NEU FI CB FDX GOOG	View
2025 Q4	Jan 21, 2026	The London Company Small Cap	2.5%	-1.0%	AWI, CCC, CERT, DV, GTES, HAE, NEU, RVLV, WTM	Disciplined, Outperformance, Quality, Russell 2000, small caps, stock selection, value	The Small Cap portfolio outperformed the Russell 2000 Index in Q4, finishing 2025 on a high note with strong stock selection. The high beta rally that drove much of the index's 2025 gains showed signs of exhaustion in Q4, creating opportunities for disciplined stock pickers focused on quality companies. Value factors were the primary driver of returns during the quarter, led by stocks trading at lower prices relative to sales and book value. The portfolio's focus on companies trading at significant discounts to intrinsic value aligned well with this market environment. Quality factors were headwinds during the quarter, though the portfolio maintains its tilt toward profitable, financially stable companies that consistently generate free cash flow and high returns on unleveraged operating capital. This positioning is expected to provide resilience through shifting market regimes.	DV CCC GTES CERT NEU HAE	View
2024 Q2	Jul 22, 2024	The London Company Small-Mid Cap	2.0%	4.8%	BRKR, CHDN, DAVA, LW, MBI, MUSA. AER, NEU, QLYS, TREX	-			View
2024 Q2	Jul 22, 2024	The London Company Large Cap	8.1%	14.6%	ALB, APD, GOOG, MLM, NEU, NSC, ODFL, TEL, TXN	-			View
2024 Q2	Jun 30, 2024	Cove Street Capital Small Cap Value Fund	3.7%	-6.0%	AAP, CLVT, CMP, KBR, LFCR, LGF/B, NEU, NVDA, RDVT, SIX, SSP, SXI, VSAT	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jan 27, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Specialty Chemicals	Bull	New York Stock Exchange	Additives, balance sheet, cashflow, Chemicals, Cyclicality	View Pitch
Jan 27, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Specialty Chemicals	Bull	New York Stock Exchange	balance sheet, cashflow, Cyclicality, energy, specialty chemicals	View Pitch
Jan 27, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Specialty Chemicals	Bull	New York Stock Exchange	capital discipline, cashflow, Cyclicality, energy, specialty chemicals	View Pitch
Jan 8, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Chemicals	Bull	New York Stock Exchange	buybacks, Capacity, Chemicals, Defense, oligopoly	View Pitch
Jan 8, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Chemicals	Bull	New York Stock Exchange	buybacks, Capacity, Chemicals, Defense, oligopoly	View Pitch
Jan 8, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Chemicals	Bull	New York Stock Exchange	buybacks, Capacity, Chemicals, Defense, oligopoly	View Pitch
Jan 8, 2026	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Chemicals	Bull	New York Stock Exchange	buybacks, Chemicals, Defense, deleveraging, tariffs	View Pitch
Nov 29, 2025	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Specialty Chemicals	Bull	NYSE	acquisition, cash flow, Defense, deleveraging, Margins, Petrochemicals	View Pitch
Nov 29, 2025	Fund Letters	Brian Campbell	NewMarket Corporation	Materials	Specialty Chemicals	Bull	NYSE	acquisition, cash flow, Defense, deleveraging, Margins, Petrochemicals	View Pitch

BSD Shareholders of NEU

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.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: