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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | May 15, 2024 | Gator Capital Management | 10.8% | 24.3% | AX, BAC, BCS, CNOB, CUB, DCOM, ESQ, FBP, FCNCA, GNW, HOOD, JXN, NYCB, OFG, OSBC, PNFP, ROOT, SLM, UMBF, WAL, WBS | Credit Risk, financials, interest rates, Regional Banks, SMID Cap, value | Manager sees selective opportunities in small-to-mid-sized regional banks despite sector headwinds. Believes stock investors are overly pessimistic about credit concerns while the real issues are interest rate risk and loan volume growth. Groups favorites into Puerto Rican banks, growth banks, and small banks with unique stories. | View | |
| 2023 Q3 | Nov 10, 2023 | Gator Capital Management | 10.8% | 24.3% | AAIC, AX, BOH, CFG, FCNCA, FITB, GNW, HBAN, JXN, MTB, OFG, PGR, PNC, RF, TFC, USB, VNO, WAL | Banking, financials, M&A, Regional Banks, value | First Citizens Bancshares represents the fund's largest position, acquired through strategic M&A including the SVB acquisition. The manager believes regional banks trade at historically low valuations and expects the group multiple to re-rate higher as the industry works through higher interest rates and the credit cycle peaks. First Citizens is positioned well for higher rates with a liquid balance sheet and balanced loan portfolio. | FCNCA |
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| 2023 Q4 | Jan 30, 2024 | Gator Capital Management | 10.8% | 24.3% | AAIC, AX, BOH, CFG, FCNCA, FITB, GNW, HBAN, JXN, MTB, OFG, PGR, PNC, RF, TFC, USB, VNO, WAL | Banking, financials, interest rates, M&A, Regional Banks, value | Fund is heavily concentrated in regional banks, particularly First Citizens Bancshares as the largest position. Manager believes regional banks trade at historically low valuations and expects the group multiple to re-rate higher as the industry works through higher interest rates and the credit cycle peaks. First Citizens is positioned well for higher-for-longer rates with a liquid balance sheet and balanced loan book. | FCNCA |
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| 2024 Q4 | Jan 28, 2025 | Gator Capital Management | 14.2% | 41.9% | AX, BOH, C, COLB, CUZ, FCNCA, GLE.PA, HIFS, HONE, HOOD, JPM, JXN, KINS, NBN, OFG, PNFP, SLM, TCBI, UMBF, VNO | Banking, Capital markets, financials, interest rates, M&A, Regional Banks | Manager remains optimistic about regional banks in 2025, citing benefits from interest rate cuts, expected loan growth acceleration, and improved M&A environment under new administration. Regional banks are viewed as undervalued compared to historical averages and positioned to benefit from flattened yield curve and repricing of maturing loans. | GLE.PA |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $2.6M | 0.00% | 63,045 | -298,749 | -82.57% | 0.1397% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $10.9M | 0.01% | 265,675 | +265,675 | +100.00% | 0.5889% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $618,839 | 0.00% | 15,101 | -1,065 | -6.59% | 0.0335% |
| Israel Englander | Millennium Management LLC | $233.2B | $31.0M | 0.01% | 757,259 | -39,633 | -4.97% | 1.6786% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $9.3M | 0.01% | 227,691 | -46,038 | -16.82% | 0.5047% |
| Cliff Asness | AQR Capital Management | $190.6B | $3.9M | 0.00% | 93,994 | -2,202 | -2.29% | 0.2083% |
| Bruce Kovner | Caxton Associates | $3.2B | $225,481 | 0.01% | 5,328 | +5,328 | +100.00% | 0.0122% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $53.2M | 0.18% | 1,299,091 | -154,401 | -10.62% | 2.8796% |