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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 22, 2025 | Longleaf Partners Small-Cap Fund | 2.7% | 4.2% | BATRA, CNX, CUERVO.MX, DOLE, GHC, GRUMA.MX, KODK, MAT, OSCR, PCH, SAM, TRIP, WEST, WTM | Alcohol, Buybacks, real estate, small caps, undervalued, value | The fund has an overweight to the alcohol industry with Boston Beer and Becle. There is market debate about whether current weak industry trends are cyclical versus structural factors, with the manager leaning toward cyclical explanations. | PCH SAM WEST BATRA BECLE.MX OSCR PCH SAM WEST BATRA CUERVO MM OSCR |
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| 2024 Q1 | May 7, 2024 | Longleaf Partners Small-Cap Fund | 8.9% | 11.5% | BATRA, CNX, DEI, GHC, GRUMAB, H, HOUS, IMKTA, KODK, MAT, OSCR, PK, SAM, WEST, WTM | Buybacks, insurance, Natural Gas, real estate, small caps, value | Fund focuses on carefully constructed portfolio that looks very little like any index, seeking 60 cent dollars while maintaining investment discipline in a fully priced market. Portfolio companies are growing their value per share while management partners take action to realize value via discounted share buybacks. | HOUS WTM CNX OSCR |
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| 2024 Q3 | Oct 16, 2024 | Longleaf Partners Small-Cap Fund | 8.9% | 11.5% | BATRA, CNX, DOLE, GHC, GRUMA, H, HHH, HOUS, IMKTA, KODK, LLYVA, LMCA, MAT, OSCR, PCH, PK, SAM, WEST, WMT | Buybacks, Coffee, healthcare, Natural Gas, real estate, small caps, value | Fund focuses on small-cap stocks with 19 holdings and P/V ratio in low-70s%. Manager welcomes volatile small-cap environment that presents attractive opportunities to enhance portfolio with undervalued, high-quality businesses. Holdings consist of competitively advantaged businesses with strong balance sheets. | WEST HOUS CNX OSCR |
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| 2025 Q3 | Oct 15, 2025 | Longleaf Partners Small-Cap Fund | 2.0% | 6.4% | BECLE.MX, CLW, CNX, GHC, GRUMAB.MX, H, KODK, MAT, OSCR, PCH, PK, RYN, TRIP, WEST, WTM | Alcohol, Buybacks, energy, FCF, insurance, small cap, Timberland, value | Fund focuses on investments grounded in real assets and brands producing growing free cash flow, trading at 10-12x FCF today with potential to reach mid-teens FCF multiples. Portfolio P/V ratio in high-60s% indicates significant discount to intrinsic value. | TRIP US MAT US WFG US CNX US |
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| 2024 Q4 | Jan 9, 2025 | ClearBridge Investments Small Cap Growth Strategy | - | - | AZPN, BE, CERT, CHX, CWAN, FLR, FOUR, MOD, OSCR, PCVX, SGRY, SHLS, TGTX, VIAV, VRNS, WING, WIX, XMTR, XPO, ZETA | AI, growth, healthcare, industrials, M&A, Onshoring, small caps, technology | The unprecedented infrastructure buildout to support generative AI ambitions drove accelerating growth and expanding multiples across multiple sectors. This enthusiasm expanded from AI/chips to data center buildouts, HVAC equipment, service providers, and power solutions to support electricity demands of this generational product cycle. | MOD FLR CWAN TGTX OSCR BE |
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| 2024 Q2 | Jul 23, 2024 | Longleaf Partners Small-Cap Fund | 8.9% | 11.5% | BATRA, CNX, DEA, GHC, GRUMA, HOWE, KODK, MAT, OSCR, PCH, PK, WEST, WTM | energy, healthcare, materials, real estate, small caps, value | Fund focuses exclusively on small-cap investments with 19 holdings and P/V ratio in low-60s%. Manager believes environment becoming increasingly favorable for bottom-up stock pickers as Treasury rates stabilize at historical norms. Over 50% of portfolio NAV is in investments with heightened odds of value-realizing corporate events in next 6-12 months. | PCH MAT HOUS KODK OSCR |
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| 2023 Q2 | Jul 19, 2023 | Longleaf Partners Small-Cap Fund | 8.9% | 11.5% | BATRA, CNX, ESRT, GMK, H, HOUS, KODK, LUMN, LXS.DE, MAT, OSCR, SAM, WEST, WTM | concentrated, Consumer Staples, Defensive, real estate, small cap, value | Fund maintains concentrated portfolio of 18-22 ideas trading at discount to intrinsic value. Portfolio P/V ratio in mid-60s% indicates significant upside potential. Management emphasizes buying high quality businesses at temporary discounts with 3-5 year investment horizon. | LUMN SAM LXS.DE HOUS BATRA OSCR |
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| 2023 Q1 | Apr 20, 2023 | Longleaf Partners Small-Cap Fund | 8.9% | 11.5% | BATRA, CNX, GRUMA, H, HOUS, KODK, LNXSF, LUMN, MAT, OSCR, WEST, WTM | Banking, Concentration, small caps, technology, value | Fund focuses on concentrated portfolio of 18-22 best ideas meeting Business, People, Price investment criteria. Managers invest with 3-5 year horizon taking advantage of short-term volatility to own high quality businesses trading at discount. Portfolio has low-60s% P/V ratio indicating significant discount to intrinsic value. | LUMN ^HSI OSCR |
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| 2024 Q4 | Jan 16, 2025 | Longleaf Partners Small-Cap Fund | -1.6% | 9.7% | BATRA, CNX, DOLE, GHC, GRUMA.MX, HHH, HOUS, KODK, LLYVA, MAT, OSCR, PCH, PK, WEST, WTM | Buybacks, Cash, Concentration, Natural Gas, small cap, Trump, value | Fund operates with concentrated value investing approach, holding 18 positions at high-60s% price-to-value ratio and 11x price/earnings power multiple. Portfolio grouped into companies where value per share growth has turned the corner (75%), those expected to turn within 18 months (15%), and recent additions. Management emphasizes fundamental appraisal-driven research and patient capital deployment. | GRUMAB WEST HOUS GHC KODK LLYVA OSCR CNX |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | Cost control, EBITDA growth, Health Care Technology, health insurance, Management Change, operational efficiency, turnaround | View Pitch |
| Apr 28, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | health insurance, healthcare, Healthcare Technology, Price-to-Value Gap, software platform, technology, Venture Capital | View Pitch |
| Apr 28, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | Cost control, Efficiency Improvement, health insurance, Healthcare Technology, Management Change, Operational Turnaround, software platform | View Pitch |
| Apr 27, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | CEO transition, Consumer healthcare, EBITDA Positive, Equity Compensation, health insurance, Health Technology, SaaS, turnaround | View Pitch |
| Apr 13, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | Aca, Free Cash Flow, health insurance, Healthcare Technology, market share gains, political risk, software platform, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | cash flow, growth, health insurance, healthcare, margin expansion, SaaS, technology platform | View Pitch |
| Apr 13, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | ACA Marketplace, Aligned Management, Differentiated Offering, health insurance, Healthcare Technology | View Pitch |
| Apr 13, 2026 | Fund Letters | ClearBridge Investments Small Cap Growth Strategy | Oscar Health | Health Care | Health Care Services | Bull | NYSE | ACA Exchange, Geographic Expansion, Health Care Services, health insurance, managed care, Margin Improvement, market share gains | View Pitch |
| Apr 13, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Technology | Bull | NYSE | Aca, health insurance, Healthcare Technology, insider buying, membership growth, operating margins, regional expansion | View Pitch |
| Apr 13, 2026 | Fund Letters | Longleaf Partners Small-Cap Fund | Oscar Health | Health Care | Health Care Services | Bull | NYSE | growth, health insurance, Healthcare services, Healthcare Technology, margin expansion, regional expansion, SaaS platform | View Pitch |
| Feb 4, 2026 | Twitter / X | @thexcapitalist | Oscar Health, Inc. | - | Bull | New York Stock Exchange | Aca, Exchanges, health insurance, managed care, Medical Loss Ratio, Membership, Pricing, profitability, underwriting | View Pitch | |
| Jan 23, 2026 | Twitter / X | @thexcapitalist | Oscar Health, Inc. | Health Care Services | Managed Health Care | Bull | New York Stock Exchange | Aca, Employees, Employers, Health, health insurance, Insurance, Oscar, OSCR | View Pitch |
| Jan 16, 2026 | Fund Letters | Ross Glotzbach | Oscar Health, Inc. | Health Care | Managed Health Care | Bull | New York Stock Exchange | Healthinsurance, Membership, Regulation, valuation | View Pitch |
| Jan 8, 2026 | Fund Letters | Ross Glotzbach | Oscar Health, Inc. | Health Care | Managed Health Care | Bull | New York Stock Exchange | Balance_Sheet, Healthinsurance, Insurtech, Regulation, underwriting | View Pitch |
| Jan 8, 2026 | Substack | Modern Value Investing | Oscar Health | Insurance | Health Insurance | Bull | New York Stock Exchange | customer experience, Data-driven insights, Digital transformation, growth potential, health insurance, Insurtech, market disruption, Modern infrastructure, Regulatory adaptation, User-centric platforms | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Yiannis Zourmpanos | Oscar Health | Health Care | Healthcare Plans | Bull | NYSE | — | View Pitch |
| Aug 7, 2025 | Seeking Alpha | Analysis Fundamental | Oscar Health | Health Care | Healthcare Plans | Bull | NYSE | — | 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. | ||||||||