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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Aug 6, 2024 | GreenWood Investors | 0.0% | 16.6% | CTT.LS, LDO.MI, MEIP, ODET.PA, PDD, RACE, ROL, RTO.L | Biotechnology, Buybacks, defense, E-Commerce, Europe, Governance, value | Leonardo SpA is the largest contributor to performance, benefiting from increased defense spending driven by the Ukraine war and new normal lasting at least a decade. Italian government considering near-term orders that would eclipse total annual defense expenditures, with jumbo orders largely not included in the company's 5-year plan. | ODET.PA RTO.L PDD CTT.LS MEIP LDO.MI |
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| 2026 Q1 | Apr 10, 2026 | East72 Dynasty Trust | -4.6% | -4.6% | 0001.HK, 0066.HK, AKRBP.OL, AVAP.L, AVLT.SW, CG, ELF.TO, FFH.TO, LAGA.PA, ODET.PA, RBT.PA, SDB.PA, VIEL.PA, VIRT | Alternative Assets, Capital markets, ETFs, liquidity, Market Making, oil, private credit, volatility | VIRT |
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| 2024 Q4 | Mar 5, 2025 | Palm Harbour Capital | - | - | 9404.T, BOL.PA, EOAN.L, GSMI.PS, IGT.MI, LTO.MI, MDIA3.SA, ODET.PA, OWIL.L, PPA.AT, PRT.MI, TKA.VI, UMG.AS, VIV.PA | Europe, gaming, global, inflation, Media, Politics, small caps, value | Fund focuses on overlooked securities trading at significant discounts to intrinsic value with above average returns on capital. Portfolio trades at weighted average P/E of 8.5x with 98% upside to estimated NAV. | ODET.PA |
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| 2024 Q4 | Dec 31, 2024 | East72 Dynasty Trust | 7.7% | 17.9% | 0012.HK, AVES.SW, BOL.PA, BSD.PA, CAT.AX, CFT.SW, CGI.TO, ELF.TO, FFH.TO, FLOW.AS, HAL.AS, LPE.PA, MFF.AX, MFG.AX, MMB.PA, ODET.PA, SRAD, SVC.TO, VIL.PA, VIRT | Discounts, Europe, Family Control, financials, global, liquidity, small caps, value | Strong performance from liquidity providers Virtu Financial and Flow Traders benefiting from increased volumes and volatility. Manager expects continued volatility in 2025 due to new US administration and high equity valuations, creating promising outlook for liquidity providers across all asset classes. | VIL.PA LPE.PA |
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| 2024 Q4 | Dec 31, 2024 | Marlton Partners | 13.2% | 24.6% | ALHG.PA, API.L, AVAX-USD, BOL.PA, CAN.L, HAVAS.AS, JARA.L, JGC.L, MCG.JO, ODET.PA, PRSR.L, PSH.L, SOL-USD, TPOU.L, TURN, VIV.PA, VPLAY-B.ST | activism, catalysts, Investment Trusts, Liquidations, NAV Discount, real estate, special situations, value | Marlton focuses on asset-covered situations trading at discounts to net asset value with hard catalysts to unlock value. The fund systematically identifies candidates offering periodic exit opportunities at or near NAV across UK Investment Trusts and US Closed-End Funds. Portfolio includes liquidating REITs, controlled conglomerates, and various corporate actions. | API.L JARA.L JGC.L BOL.PA PRSR.L |
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| 2025 Q4 | Jan 28, 2026 | GreenWood Investors | - | - | GNS.L, IPCO.TO, JACK, LDO.MI, NXE, ODET.PA, UHR.SW | activism, Behavioral, Collaboration, global, Governance, turnaround, value | NexGen Energy progressed closer to federal approval for its world-class Arrow deposit and provided fantastic drill results from Patterson Corridor East. The company raised nearly $1 billion in fresh equity capital to be shovel ready for construction upon federal approval. International Petroleum Company's Blackrod project is coming online later in 2026 ahead of schedule and under budget. The company has self-funded a major greenfield oil project while simultaneously buying back 10% of its available free float per year. Genus received FDA approval for its porcine gene-edit for Porcine Reproductive and Respiratory Syndrome, which has the potential to eliminate a disease costing U.S. pig producers at least $1.2 billion per year. This prior free call option alone has the potential to 2-3x company operating profit over the next 5-7 years. Swatch remains the most intelligent way for investors to bet on the bright future of the premium and luxury watch industry. The company's recent impressive product launches underpin faith that it will capture a stabilized and improving Chinese consumer and make further inroads in the US market. Jack in the Box is a top 20 restaurant brand by sales that had seen its stock fall on hard times. The company can be re-energized through an increased focus on operational excellence, further digital and marketing innovation, and smart capital allocation. | JACK UHR SW GNS LN IPCO CN NXE |
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| 2025 Q4 | Jan 20, 2026 | Highwood Value Partners | 5.7% | 10.2% | 2333.HK, ALIM-B.ST, BOL.PA, BORR, BUR.L, FEVR.L, GETB.L, JZC.L, MOT.L, ODET.PA, PROT.OL, RYA.L, STDRL.OL, SYY, TAP, TGO.PA, UMG.AS, VIV.PA, VWS.CO | Capital Cycle, Concentration, energy, Europe, Litigation Finance, special situations, value | Manager emphasizes concentrated value investing approach, buying companies at significant discounts to fair value. Portfolio trades at 48 cents on the dollar of estimated intrinsic value with median P/E of 7.5x. Focus on fundamental bottom-up analysis with 5+ year holding periods. Burford Capital represents the largest position as a litigation finance leader. The business generates returns by funding commercial litigation claims and managing third-party capital. YPF case represents major catalyst with clear judgment in favor. Borr Drilling is a special situation in shallow water drilling rigs. The capital cycle investment thesis centers on industry oversupply working through the system, with rig rates recovering from current levels toward long-run averages as old rigs retire. | RYAAY FEVR LN GETB LN BORR NO BUR LN |
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| 2023 Q1 | Jan 20, 2023 | Quercus Fund | - | - | 067280.KS, 1652.HK, 603002.SS, ODET.PA, SPY | China, Concentration, Cyclical, Petrochemicals, undervalued, value | The fund focuses on finding extremely undervalued companies with wide margins of safety to prevent permanent losses of capital. The manager emphasizes buying at prices well below intrinsic value, citing Joel Greenblatt's principle of figuring out value and paying a lot less. | 1652.HK |
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| 2025 Q1 | Apr 22, 2025 | Palm Harbour Capital | - | - | 4628.T, 6298.T, DAN.MI, ENOG.L, IGT.MI, JST.DE, LTO.MI, NOEJ.DE, OCWN.L, ODET.PA, PPA.AT, SUI.JO, TISG.MI, VRLA.PA | Europe, gaming, small caps, tariffs, Trade Policy, undervalued, value, volatility | Manager extensively discusses Trump's tariff policies as negotiating tactics, believing they won't be fully implemented. Views tariffs as economically irrational and expects deals to be reached to avoid stagflation. | SUI.JO |
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| 2025 Q1 | Apr 16, 2025 | East72 Dynasty Trust | 0.5% | 0.5% | 0165.HK, 2588.HK, AVLT.SW, BOL.PA, BORR, CFR.SW, CG, FFH.TO, FLOW.AS, HAL.AS, LPE.PA, MFG.AX, MMB.PA, NVO, ODET.PA, PAH3.DE, SRAD, VIE.PA, VIRT, VIV.PA | Aircraft Leasing, Controlled Companies, European Holdings, Luxury, Regional Aviation, Trade Policy, Value Investing | The fund features extensive analysis of the aircraft leasing industry, particularly focusing on regional aircraft and ATR turboprops. The manager discusses the trillion-dollar industry with limited public market exposure and highlights Avation PLC as a unique specialist lessor with significant optionality through ATR purchase rights. | AVAP.L VIV.PA |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | East72 Holdings | Compagnie de L'Odet | Financials | Diversified Financial Services | Bull | Euronext Paris | 100-bagger, Bolloré, Control premium, Corporate action, discount to NAV, family-controlled, france, holding company, Squeeze-Out, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | GreenWood Investors | Compagnie de L'Odet | Industrials | Industrial Conglomerates | Bull | Euronext Paris | Electoral volatility, French conglomerate, Market dislocation, Opportunistic Investment, Political concerns, transformation | View Pitch |
| Apr 13, 2026 | Fund Letters | Palm Harbour Capital | Compagnie de l'Odet | Financials | Multi-Sector Holdings | Bull | Euronext Paris | arbitrage, Asset Disposal, complex structure, conglomerate discount, entertainment, france, holding company, media, Sum-of-parts, Value Realization | 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. | ||||||||