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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q3 | Sep 30, 2024 | Orbis Global Equity | - | - | GXO, QXO, RXO, URI, XPO | - | View | ||
| 2025 Q2 | Jul 11, 2025 | Patient Capital Management | 15.3% | 4.2% | NCLH, QXO, UNH | contrarian, Discipline, dislocation, valuation, volatility | The letter emphasizes deploying capital during periods of fear, volatility, and pessimism when prices diverge sharply from fundamentals. Management highlights that market drawdowns and macro shocks create opportunities to buy durable businesses at attractive valuations. Long-term success is framed as a function of temperament, discipline, and willingness to act against consensus. | QXO IAC UNH |
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| 2025 Q1 | Apr 7, 2025 | Patient Capital Management | -9.6% | -9.6% | AMZN, C, NCLH, NVDA, QXO, RPRX, UAL | - | View | ||
| 2025 Q4 | Dec 31, 2025 | Orbis Global Equity | 0.0% | 0.0% | GMAB, GOOGL, ITUB, NXT.L, QXO | AI, global, long-term, management, technology, value | The manager discusses the AI revolution's impact on Alphabet, noting how Gemini 3 has overtaken ChatGPT in capability and is catching up in user numbers. Alphabet's competitive advantages in AI include seamless integration between Google Search and Gemini, unique data access through YouTube and Android, and cost advantages through vertical integration with cloud infrastructure and custom chips. | View | |
| 2025 Q3 | Nov 16, 2025 | ClearBridge Mid Cap Growth Strategy | - | - | APP, ARGX, ATS CN, CHWY, QXO, TECH | catalysts, fundamentals, Health Care, Selection, staples | The letter highlights stock selection as the primary driver of outperformance, with strength in consumer staples and health care offsetting weakness in discretionary and materials. Management emphasizes nimbleness, redeploying capital into new ideas like QXO and Bio-Techne while exiting names with deteriorating outlooks. With policy uncertainty easing and corporate decision-making normalizing, the team sees a healthier backdrop for fundamentals to reassert themselves. | View | |
| 2024 Q3 | Oct 8, 2024 | Patient Capital Management | 5.6% | 15.8% | JPM, PLAY, QXO, XPO | - | View | ||
| 2025 Q3 | Oct 21, 2025 | ClearBridge Mid Cap Growth Strategy | - | - | ATS, QXO | Artificial Intelligence, Biotechnology, healthcare, Industrial Automation, Mid Caps | The fund outperformed through strong stock selection in healthcare and consumer staples, aided by biotech names like Argenx and Alnylam. Managers added positions in Bio-Techne and QXO to capture growth in diagnostics and industrial automation. They remain constructive on mid caps as rate cuts and improving sentiment support selective growth investing. | RBLX |
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| 2025 Q4 | Jan 9, 2026 | Tsai Capital | 0.0% | 7.6% | AAPL, AMZN, BN, BRK-B, COST, GOOGL, IDXX, MA, META, MKL, MSCI, MSFT, NVDA, QXO, TSLA, TYL, V | Compounding, disruption, Ecosystems, growth, innovation, Networks, technology | Tesla is described as a leading artificial intelligence company with formidable competitive advantages. The manager believes Tesla's AI capabilities remain underestimated and undervalued, anticipating the company will eventually operate millions of autonomous vehicles and own the majority of the autonomous market. The letter extensively discusses robotics as a transformative medium that changes workplaces, economies, and society. Amazon's robotic warehouses are highlighted as exemplifying the medium's power, creating unparalleled logistics efficiency and competitive advantages. Tesla is positioned as leading the inexorable shift toward electric vehicles, steadily eroding the foundations of legacy automakers burdened by obsolescent infrastructure. The manager expects Tesla to significantly increase vehicle production as the overall EV market expands. Amazon Web Services is described as the undisputed leader in cloud computing, accounting for more than 50% of Amazon's aggregate operating profits. The transition from local servers to cloud environments is highlighted as a key growth driver. Amazon's e-commerce arm continues to capture additional market share with remarkable agility despite its immense scale. The shift from brick-and-mortar retail to digital marketplaces is identified as a key trend driving Amazon's revenue growth. | View | |
| 2025 Q4 | Jan 8, 2026 | Hertford Capital | 0.7% | 6.8% | ACM.DE, BAMI.MI, CRAYN.OL, MAB1.L, MOL.MI, MRL.L, NA9.DE, PHLL.L, QXO, TPFG.L, WOSG.L | Construction, Europe, Mortgage, small caps, software, special situations, value | The fund is positioned around the European and UK housing, construction, and mortgage broking market recovery with approximately 40% allocation. The manager sees opportunities in the Italian mortgage market recovery through Moltiply Group, similar to UK positions in Mortgage Advice Bureau and The Property Franchise Group. Around 20% is allocated to software and SaaS companies, driven by ongoing digitization needs. The fund holds positions in companies like Nagarro SE and Crayon Group, with the latter potentially merging with SoftwareOne to create a larger Microsoft partner. The portfolio benefits from recovery in European construction markets through building materials exposure. The segregated account investment in QXO Inc. aligns with extensive research in building and construction materials sector, targeting industry consolidation opportunities. | View | |
| 2024 Q4 | Jan 8, 2025 | Hertford Capital | 0.7% | 6.8% | 0O2B LN, ANIM IM, CRYNY, NA9 GR, PHIL LN, QXO, WOSG LN | - | View | ||
| 2024 Q4 | Jan 24, 2025 | Tsai Capital | - | 23.0% | AAPL, AMZN, GOOG, QXO, TSLA | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 28, 2026 | Fund Letters | Christopher Tsai | QXO, Inc. | Industrials | Building Products Distribution | Bull | New York Stock Exchange | consolidation, Execution, Housing, Margins, Rollup | View Pitch |
| Jan 23, 2026 | Twitter / X | @Sophoninvest | QXO, Inc. | Industrials | Industrial Conglomerates | Bull | NASDAQ | Bagger, Brad, Homebuilders, Jacobs, Logistics, QXO, Roll-up, Xpo | View Pitch |
| Jan 22, 2026 | Substack | Modern Value Investing | QXO | Industrials | Industrials | Bull | Brad Jacobs, Industrial Sector, macroeconomic impacts, market volatility, Momentum, operational efficiency, QXO, roll-ups, strategic acquisitions, valuation | View Pitch | |
| Jan 21, 2026 | Substack | Kairos Research | QXO | Industrial Distribution | Building Products Distribution | Neutral | Acquisitions, Brad Jacobs, Building materials, Capital Raise, convertible preferred stock, Industrial distribution, Market expansion, QXO, synergies, valuation | View Pitch | |
| Jan 20, 2026 | Fund Letters | Michael Taylor | QXO Inc. | Industrials | Industrial Distribution | Bull | New York Stock Exchange | Acquisitions, consolidation, Distribution, Rollup, scale | View Pitch |
| Jan 8, 2026 | Fund Letters | Samantha McLemore | QXO Inc. | Industrials | Trading Companies & Distributors | Bull | New York Stock Exchange | Building Products, Distribution, growth, M&A, Roll-up | View Pitch |
| Jan 8, 2026 | Substack | Kairos Research | QXO | Building Materials Distribution | Roofing Supply Distribution | Bull | NASDAQ Stock Market | Acquisitions, Brad Jacobs, Building Materials Distribution, EBITDA margins, procurement optimization, Roll-up Strategy, roofing supply, shareholder value, speculative investment, technology integration | View Pitch |
| Jan 8, 2026 | Substack | Coughlin Capital | QXO | Building Products Distribution | Building Products Distribution | Bull | Acquisitions, Brad Jacobs, Building Products Distribution, consolidation, economies of scale, Fragmented Industry, market share, operational efficiency, shareholder alignment, technology implementation | 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. | ||||||||