PLYA

PLYA

PLYA

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 21, 2025	Laughing Water Capital	13.1%	-	CDMO, CLAR, CTLP, GFL, HUBS, LFCR, NN, PAR, PLYA, SES.TO, THRY, VTY.L, WCN	Biotech, Buybacks, Canada, Oil Services, small caps, value, Waste management	SECURE Waste Infrastructure represents a transformation from cyclical oil services to recurring waste management with 80% of cash flows now recurring versus 60% previously cyclical. The company benefits from regulatory moats, geographic advantages, and stable demand from Western Canadian oil production. Management is aggressively repurchasing shares at attractive valuations.	VTY.L PAR NN LFCR SES.TO CLAR THRY VTY LN PAR NN LFCR SES CN CLAR	View
2025 Q2	Jul 21, 2025	Renaissance Investment Management – International Small Cap Equity	-	-	8252.T, ATAT, BBY.L, CLS, FINV, IFS, MITFY, NOMD, OMAB, PLYA, PSFE, SIMO, TIGO, TMVWY, VLRS	AI, China, Dollar, Europe, infrastructure, international, small cap, Trade Policy	International markets navigated significant trade tensions between the US and China, including Liberation Day tariffs followed by a ninety-day pause. Trade uncertainty may cause businesses to delay investments and capex, weighing on global growth in the second half of the year.	BBY LN CLS CN	View
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
2023 Q1	May 16, 2023	Voss Value Fund	1.6%	1.6%	ASO, ECN.TO, PLYA	credit, Long/Short, Regional Banks, small cap, Specialty Finance, Travel, value	PLYA benefits from a boom in consumer travel to start 2023, particularly skewed toward Mexico and budget-friendly all-inclusive resorts. Airport traffic numbers for key locations show strong passenger traffic growth compared to 2019 and 2022.	ECN.TO ASO PLYA	View
2025 Q1	Apr 24, 2025	Laughing Water Capital	-13.0%	-13.0%	CTLP, HGV, LFCR, NN, PAR, PLYA, THRY, VTY.L, XPOF	Biotechnology, Buybacks, Resilience, small caps, software, Spectrum, tariffs, value	Manager discusses Trump administration's tariff plans and their potential economic impact, noting uncertainty around implementation and suggesting much may be posturing. Believes Trump will likely declare victory on tariffs with minimal actual changes to avoid losing midterm elections.	PAR VTY.L NN LFCR CDMO XPOF	View
2024 Q4	Feb 19, 2025	Voss Value Fund	9.5%	19.9%	AMTM, CTS.TO, EEFT, FUJHY, MBGYY, PLYA, SWI	Long/Short, M&A, small caps, special situations, undervalued, value	The fund focuses on identifying undervalued securities trading at significant discounts to intrinsic value. The manager emphasizes valuation discipline as a core investment virtue and seeks idiosyncratic, value-oriented special situations amid market extremes.	AMTM FUJHY MBGYY EEFT	View
2024 Q4	Dec 31, 2024	Renaissance Investment Management – International Small Cap Equity	-	-	6481.T, 6849.T, ATAT, BB.PA, CLS, CSTM, CWK, ERO, FINV, IMAX, MRX.L, MTLS, NEXNY, OSW, PLYA, PRMB, RDWR, SPNS, STNG, TPK.L, UBI.PA, WNS	China, Europe, international, small cap, tariffs, Trade Policy	Trade tensions are front of mind for investors and likely to ratchet higher in 2025 after Trump takes office. Trump has floated ideas such as a 10% tariff on all imports and 60% tariff on Chinese imports. Countries running large trade deficits with the US are most at risk.		View
2023 Q2	Jul 14, 2023	Silver Beech Capital	0.0%	22.3%	ABG, ABR, FIZN, GOOG, PLYA	-			View
2023 Q1	May 16, 2023	Voss Value Offshore Fund	7.4%	8.9%	ASO, ECN.TO, PLYA	Banking, credit, Long/Short, retail, small cap, Travel, value	PLYA represents exposure to the all-inclusive resort recovery story, benefiting from strong consumer travel demand particularly to Mexico and budget-friendly destinations. Airport traffic data shows strong passenger growth in key locations like Los Cabos, Puerto Vallarta, Montego Bay, and Cancun compared to 2019 and 2022 levels.	ECN.TO ASO PLYA	View
2024 Q4	Feb 19, 2025	Voss Value Offshore Fund	9.6%	19.2%	AMTM, CTS.TO, EEFT, FUJHY, J, MBGYY, PLYA, SWI, TM, TSLA	buyouts, Long/Short, M&A, small caps, special situations, value	The fund's main theme for 2025 focuses on small cap M&A and special situations after two years of dismal deal flow. Three quick wins from acquisitions occurred year-to-date: SWI, CTS CN, and PLYA. The manager expects several additional portfolio companies to be acquired as the year progresses.	AMTM FUJHY MBGYY EEFT	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 27, 2026	Fund Letters	Voss Value Offshore Fund	Playa Hotels and Resorts	Consumer Discretionary	Hotels, Resorts & Cruise Lines	Bull	NASDAQ	All-Inclusive Resorts, asset sales, Caribbean, COVID Recovery, hospitality, Mexico, Share Buybacks, travel demand, turnaround	View Pitch
Apr 27, 2026	Fund Letters	Voss Value Fund	Playa Hotels and Resorts	Consumer Discretionary	Hotels, Resorts & Cruise Lines	Bull	NASDAQ	All-Inclusive Resorts, Asset Optimization, brand partnerships, Caribbean, EBITDA multiple, hospitality, Mexico, post-COVID recovery, Tourism, Travel Recovery	View Pitch

BSD Shareholders of PLYA

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: