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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 27, 2025 | Hotchkis & Wiley Mid-Cap Value Fund | 3.6% | -2.2% | ADNT, APA, BPOP, FLR, KOS, OLN | Balance Sheets, cyclicals, energy, free cash flow, normalization | The commentary highlights energy and cyclical exposure as key differentiators, with normalized earnings and free cash flow offering long-term upside. Despite short-term volatility, select mid-cap businesses are viewed as undervalued relative to fundamentals. Risk management and balance sheet strength remain central to the strategy. | View | |
| 2025 Q1 | Mar 31, 2025 | Hotchkis & Wiley Large Cap Fundamental Value | 2.5% | 2.5% | AIG, CVS, ELV, GOOG, MGA, OLN | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Hotchkis & Wiley Large Cap Fundamental Value | -0.9% | 12.8% | CVS, ELV, FFIV, GM, OLN, WFC | - | View | ||
| 2024 Q4 | Dec 31, 2024 | Hotchkis & Wiley Mid-Cap Value Fund | -2.4% | 3.6% | ADNT, CRGY, ERIC, FFIV, KOS, OLN | - | View | ||
| 2025 Q3 | Oct 28, 2025 | Hotchkis & Wiley Mid-Cap Value Fund | 7.7% | 5.4% | APA, CNC, FLR, OLN, WBD, WPP LN | Artificial Intelligence, earnings, energy, interest rates, Value Investing | The fund benefited from improving breadth in U.S. equities as AI optimism, Fed easing, and strong corporate earnings drove performance. Managers expect the environment to favor disciplined valuation strategies as rates decline and AI-related spending broadens across sectors. Energy, financials, and select consumer names contributed most, while technology and industrials detracted modestly amid cyclical volatility. | View | |
| 2025 Q4 | Jan 29, 2026 | Hotchkis & Wiley Mid-Cap Value Fund | 2.4% | 7.9% | ADNT, AIG, APA, BPOP, BTE.TO, CFG, ERIC, FFIV, FLR, HLF, KOS, MGA, OLN | Banking, energy, financials, mid cap, multiples, oil, valuation, value | The portfolio trades at 11x forward earnings and close to 6x normal earnings, both in line with historical averages, while the broad market trades at elevated valuations with the Russell Midcap's forward P/E at nearly 21x. The fund focuses on attractively valued companies with single digit earnings multiples and strong free cash flow yields. The fund maintains notable overweight exposure to oil & gas exploration/production companies that produce free cash flow yields well into the double digits. The managers view the oil market as having structural supply constraints and believe these companies represent a rare opportunity despite temporary oversupply concerns. The portfolio has notable overweight exposure to banks that exhibit attractive valuations, particularly considering their scale advantages and healthy capital ratios. Traditional/regional banks and trust banks performed well during the quarter, helping relative performance. | View | |
| 2024 Q2 | Jun 30, 2024 | Fidelity Small Cap Discovery Fund | -7.2% | 0.5% | NSIT, OLN, OMI | - | View | ||
| 2022 Q4 | Feb 23, 2023 | Semper Augustus | 0.0% | 10.8% | COST CN, OLN, V | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Oct 23, 2025 | Value Investors Club | kevin155 | Olin Corp | Materials | Commodity Chemicals | Bull | NYSE | deep value, dividend yield, Epoxy, Recession Resilience, Winchester | View Pitch |
| Oct 23, 2025 | Value Investors Club | kevin155 | Olin Corp | Materials | Commodity Chemicals | Bull | NYSE | deep value, dividend yield, Epoxy, Recession Resilience, Winchester | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $3.4M | 0.01% | 164,139 | -44,100 | -79.60% | 0.1205% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $26.0M | 0.03% | 1,249,311 | +1,161,592 | +1324.22% | 0.9169% |
| Richard Pzena | Pzena Investment Management | $33.4B | $93.9M | 0.28% | 4,507,913 | +671,250 | +17.50% | 3.3084% |
| Boaz Weinstein | Saba Capital Management | $3.3B | $2.8M | 0.08% | 133,223 | +21,776 | +19.54% | 0.0978% |
| Ray Dalio | Bridgewater Associates | $27.4B | $3.7M | 0.01% | 177,506 | -5,814 | -3.17% | 0.1303% |
| Israel Englander | Millennium Management LLC | $233.2B | $731,758 | 0.00% | 35,130 | -2,451,572 | -98.59% | 0.0258% |
| Bob Robotti | Robotti & Co Advisors, LLC | $710.5M | $779,209 | 0.11% | 37,408 | +1,690 | +4.73% | 0.0275% |
| Cliff Asness | AQR Capital Management | $190.6B | $12.8M | 0.01% | 616,364 | -1,195,169 | -65.98% | 0.4524% |
| Mario Gabelli | GAMCO Investors | $10.4B | $3.7M | 0.04% | 178,888 | +7,964 | +4.66% | 0.1313% |
| Kevin M. Keeley | Keeley-Teton Advisors, LLC | $824.8M | $2.9M | 0.35% | 120,210 | -3,700 | -2.99% | 0.1027% |
| Donald Yacktman | Yacktman Asset Management | $7.1B | $81.7M | 1.14% | 3,922,318 | -51,836 | -1.30% | 2.8786% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $187 | 0.00% | 9 | -424 | -97.92% | 0.0000% |