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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2026 Q1 | Mar 31, 2026 | Heartland Value Fund | 7.4% | 7.4% | ALEX, ALGT, CVGW, IIIV, PLYM, STKL, XRN | Airlines, Geopolitical, oil, REITs, small caps, value | XRN IIIV ALGT |
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| 2025 Q3 | Dec 4, 2025 | Silver Beech Capital | - | 3.5% | DNTL.TO, ET, FFH, FR, GFR.TO, GSY.TO, MHC, PLYM, PRKS, RTO, SWX, WSC | Canada, Consolidation, Cyclical, Industrial, small caps, value | Silver Beech's portfolio trades at over a 50% discount to the S&P 500's price-earnings ratio while possessing similar projected earnings-per-share growth and returns-on-capital. The fund focuses on finding disconnects between price and value, as demonstrated with WillScot trading at a 13% free cash flow yield despite being a dominant industrial services franchise. | View | |
| 2025 Q3 | Nov 13, 2025 | VH Standard Asset Management | - | 13.3% | AL, ANSS, CYBR, DAY, EA, GTLS, HES, HOUS, INFA, MRUS, MTSR, NSC, PBPB, PLYM, SKX, TECK, TURN, VRN, WBA, ZIMV | capital preservation, Deregulation, M&A, Merger Arbitrage, risk management | The manager discusses operating in a buoyant M&A environment with positive tailwinds from deregulation and favorable economic framework. The fund's strategy is compared to operating an insurance company, focusing on growing book value over the long term through merger arbitrage transactions. | View | |
| 2025 Q3 | Oct 14, 2025 | Warden Capital | 4.6% | 2.3% | BLDR, NVDA, PLYM | AI, Bubble, Cash, Defensive, mania, Recession, Shorts | The manager believes we are in a full-blown AI bubble led by Nvidia and OpenAI, with circular vendor financing deals reminiscent of the dot-com era. OpenAI has committed over $1 trillion in spending over several years despite losing $7.8 billion in H1 2025 on $4.3 billion revenue. The AI industry needs revenues to increase 16x just to break even on current capex investments, which appears unlikely given slowing model improvement and lack of clear path to AGI. | QUBT NVDA |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 22, 2026 | Twitter / X | @InvestSpecial | Plymouth Industrial REIT, Inc. | Real Estate | Industrial REITs | Bull | New York Stock Exchange | Board, FFO, Offer, Plym, Sixth, Sixth Street, Spread, Street | 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 | $589,950 | 0.00% | 26,963 | -231,021 | -89.55% | 0.0596% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $1.3M | 0.00% | 60,607 | +60,607 | +100.00% | 0.1339% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $8.9M | 0.01% | 407,779 | -154,480 | -27.47% | 0.9012% |
| Michel Massoud | Melqart Asset Management | $1.0B | $31.2M | 3.07% | 1,426,429 | +1,426,429 | +100.00% | 3.1525% |
| Israel Englander | Millennium Management LLC | $233.2B | $14.9M | 0.01% | 681,413 | +539,435 | +379.94% | 1.5060% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $1.4M | 0.00% | 63,874 | -60,278 | -48.55% | 0.1412% |
| Cliff Asness | AQR Capital Management | $190.6B | $527,081 | 0.00% | 24,090 | +1,507 | +6.67% | 0.0532% |
| Mario Gabelli | GAMCO Investors | $10.4B | $1.2M | 0.01% | 52,617 | -1,171 | -2.18% | 0.1163% |
| Kevin M. Keeley | Keeley-Teton Advisors, LLC | $824.8M | $2.7M | 0.32% | 163,442 | -4,679 | -2.78% | 0.2691% |
| George Soros | Soros Fund Management | $6.8B | $6.9M | 0.10% | 313,225 | +313,225 | +100.00% | 0.6923% |