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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q1 | May 17, 2025 | VH Standard Asset Management | - | - | ALTM, ALTR, APO, AZPN, BECN, BRDG, COF, DFS, DNB, EDR, ESGR, HCP, HEES, HHH, HRI, JNPR, JWN, K, PDCO, PLYA, RDFN, RDUS, SWTX, TURN, WBA | Capital markets, M&A, Merger Arbitrage, risk management, volatility | The manager expects M&A activity to pick up significantly, leading to increased overbids and excess returns. Current environment shows minimal overbids, quiet go-shops, and subdued optimism, but historical patterns suggest this will revert to more competitive conditions similar to the 1980s merger boom. | View | |
| 2025 Q1 | Mar 31, 2025 | Rewey Asset Management | -7.0% | -7.0% | AEM, BA, DCO, PDCO, RTX, WDOFF, ZYXI | aerospace, defense, gold, small caps, SMID, tariffs, Trade Policy, value | Trump's tariffs represent the dominant market theme in Q1 2025, creating uncertainty about negative economic impacts. The manager views tariffs as Trump's method to reduce budget deficit and spur domestic production, but believes Trump will ultimately seek deals rather than maintain high tariff levels. | DCO ZYXI AEM |
View |
| 2022 Q3 | Oct 17, 2022 | Heartland Value Fund | 9.8% | 13.5% | NOV, PDCO, TCBI | - | View | ||
| 2024 Q4 | Jan 27, 2025 | VH Standard Asset Management | - | -3.9% | ALTM, ALTR, AXNX, CDMO, CTLT, ESGR, GBNY, HCP, HES, INST, IPG, JNPR, JWN, MRNS, PDCO, PTVE, RCM, SMAR, SRCL, SRDX | Antitrust, Deal Flow, M&A, Merger Arbitrage, Regulatory, Trump | The fund experienced significant losses from the CPRI transaction failure in October, with the judge ruling against the merger based on novel antitrust theories about affordable luxury handbags. Despite this setback, the manager notes 33 deals completed between October and year-end with only 4 failures, indicating continued M&A activity in the sector. | View | |
| 2024 Q4 | Jan 13, 2025 | Heartland Value Fund | 2.0% | 15.7% | AAPL, AMZN, DK, GOOGL, HSIC, PDCO, SEE, TSLA, XRAY | active management, contrarian, materials, Refiners, small caps, value | The fund focuses on attractively priced, well-managed businesses guided by their 10 Principles of Value Investing. They seek companies with earnings yields approaching 8% or more based on low price/earnings ratios. The manager believes value investing will outperform in the current environment where valuation is being ignored. | XRAY PDCO DK SEE |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Heartland Value Fund | Patterson Companies, Inc. | Health Care | Health Care Distributors | Bull | NASDAQ | acquisition, Animal Health, Dental, Healthcare Distribution, private equity, Sum-of-parts, Value | 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. | ||||||||