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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 27, 2025 | Cullen Enhanced Equity Income Fund | -1.2% | 4.5% | COP, CVX, DOW, JCI, NSC, PCAR, PPG, RTX | cash flow, defensiveness, dividends, income, volatility | The commentary highlights income-oriented equities as attractive amid elevated volatility and moderating growth. Management emphasizes dividends and option premiums as tools to enhance total return while reducing downside risk. The strategy prioritizes stability and cash flow over aggressive capital appreciation. | NSC COP PPG PCAR |
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| 2024 Q2 | Jul 16, 2024 | Kovitz Core Equity Strategy | -1.2% | 9.0% | BDX, DGE LN, ICE, KMX, MSI, PPG | - | View | ||
| 2024 Q2 | Jun 30, 2024 | Carillon Eagle Growth & Income Fund | - | - | ADI, AVGO, AZN, HD, MDT, ORCL, PLD, PPG, TGT, TXN | - | View | ||
| 2023 Q1 | Apr 18, 2023 | Kovitz Core Equity Strategy | 9.1% | 9.1% | ANET, AXP, GOOG, J, KEYS, LVS, META, PM, PPG, PWR | - | View | ||
| 2024 Q1 | Apr 12, 2024 | Kovitz Core Equity Strategy | 10.3% | 10.3% | AON, BDX, CHTR, GIL, GOOG, JPM, KMX, META, ORCL, PCAR, PPG, SPLK, SPOT | - | View | ||
| 2025 Q3 | Oct 24, 2025 | Pzena US Focused Value Strategy | 0.9% | 4.7% | C, PPG | cyclicals, financials, Health Care, industrials, value | The strategy modestly underperformed as value stocks lagged growth amid AI-driven market leadership. Management added to Baxter and initiated new positions in PPG Industries and Solventum, expecting operational improvements and cyclical recovery. The portfolio remains overweight financials and health care, emphasizing attractive valuations and self-help opportunities. | View | |
| 2025 Q3 | Oct 22, 2025 | Kovitz Core Equity Strategy | - | 8.2% | ALC, COO, FI, GOOG, KMX, ORCL, PM, PPG, RYAN, TSLA, WAT | AI, Compounding, Health Care, Quality, valuation | Kovitz highlights market concentration in AI and mega-cap technology stocks while maintaining a valuation-disciplined focus on quality compounders. The strategy increased exposure to healthcare and insurance names like Alcon and Ryan Specialty after taking profits in Oracle. The team stresses long-term fundamentals and risk discipline amid elevated valuations and AI euphoria. | WAT RYAN COO ALC ORCL WAT RYAN COO ALC ORCL |
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| 2025 Q4 | Jan 29, 2026 | Pzena US Focused Value Strategy | 2.5% | 7.3% | BAX, C, CTSH, DAL, DG, DOX, FMC, KNX, MDT, PPG, QRVO, RHI, SWKS, WFC | Buybacks, Capital markets, earnings, Freight, Trade Down, value | Dollar General delivered strong same-store sales and margin improvement as customers traded down from grocery and pharmacy channels. This trade-down behavior provided a tailwind to margins that are expected to persist into 2026. Knight-Swift operates in a prolonged freight downturn with excess capacity added during the 2021 profit peak persisting despite weaker demand, pressuring rates and earnings. The company's scale and network efficiency should drive profitability recovery as conditions normalize. Citigroup rose amid strong capital markets activity and benign credit conditions. The company continued to repurchase stock and return capital to shareholders while transformation-related expenses are expected to decline next year. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Dec 5, 2025 | Fund Letters | James Cullen | PPG Industries, Inc. | Materials | Specialty Chemicals | Bull | NYSE | Aerospace, Coatings, Costcontrol, Pricing, recovery | 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. | ||||||||