The fund discusses underperformance due to speculative rotation but reinforces conviction in quality small-cap names. Additions like Casella Waste Systems reflect focus on essential services, pricing power, and long-term compounding. It maintains discipline through volatility, adding selectively to industrials and service franchises.
China, EVs, International Equities, semiconductors, tariffs
International small caps outperformed U.S. equities with strong gains in Asia and Europe. Tower Semiconductor and Minth Group illustrate exposure to AI hardware and EV components. The managers see long-term opportunities in undervalued international equities, especially as tariffs and macro risks stabilize.
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.
