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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 22, 2025 | Longleaf Partners Small-Cap Fund | 2.7% | 4.2% | BATRA, CUERVO* MM, OSCR, PCH, SAM, WEST | Balance Sheets, mispricing, small caps, value creation, volatility | The letter emphasizes small-cap investing as a fertile area for mispricing due to neglect and volatility. Management highlights stock-specific value creation, aligned owners, and balance sheet strength. Small caps are viewed as offering superior long-term return potential despite near-term uncertainty. | PCH SAM WEST BATRA CUERVO MM OSCR |
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| 2025 Q2 | Jul 17, 2025 | SouthernSun Small Cap | 9.7% | - | BOOT, DY, MSA, OXM, SAM | Capital Allocation, Discipline, Margins, Resilience, small caps | The commentary stresses operational and capital discipline among small-cap companies navigating tariffs, inflation, and uneven demand. Management highlights cost control, margin stewardship, and balance-sheet strength as differentiators in a sluggish macro environment. Technology adoption is framed as a productivity enabler rather than a speculative driver. | MSA SAM DY BOOT |
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| 2025 Q2 | Jul 17, 2025 | SouthernSun SMID Cap | 10.3% | - | APG, BOOT, MSA, SAM, WSO | Capital discipline, cash flow, operations, Resilience, SMID Caps | The letter focuses on resilient SMID-cap businesses adapting to macro uncertainty through pricing discipline, operational efficiency, and prudent capital allocation. Management emphasizes aftermarket revenue, service models, and recurring cash flows as stabilizers. Volatility is framed as manageable for companies with strong execution and balance sheets. | MSA SAM WSO BOOT APG |
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| 2024 Q1 | May 17, 2024 | SouthernSun SMID Cap | 8.8% | 13.9% | BOOT, DY, MGPI, SAM | - | View | ||
| 2025 Q1 | Apr 12, 2025 | Longleaf Partners Small-Cap Fund | 1.5% | 1.5% | GHC, GMKKY, PHC, PK, SAM | - | View | ||
| 2023 Q3 | Dec 10, 2023 | Longleaf Partners Small-Cap Fund | 8.9% | 11.5% | CNX, MAT, OSCR, SAM, WEST | - | View | ||
| 2025 Q4 | Jan 14, 2026 | Longleaf Partners Small-Cap Fund | 1.1% | 7.6% | ALX, CLW, CNX, CUERVO.MX, ESRT, GHC, GLIBA, GRUMA.MX, MAT, PCH, RYN, SAM, SHEN, TRIP, WTM | Alcohol, Media, real estate, small cap, Telecommunications, undervalued, value | Fund focuses on undervalued companies trading below intrinsic value with P/V ratios in low-60s%. Manager emphasizes buying quality companies at discounted prices when market favors unprofitable, lower quality stocks. Significant exposure to alcoholic beverage companies including Becle (tequila/whiskey manufacturer) and Boston Beer. Alcohol industry faces consumption headwinds but companies have strong brands and pricing power. Holdings in Empire State Realty and Alexander's provide exposure to New York real estate. Despite political concerns about Mayor Mamdani, on-the-ground leasing trends outpace weak stock performance. Graham Holdings diversified conglomerate includes broadcast television assets that could benefit from increased M&A activity. Kaplan education segment returning to growth after multi-year turnaround. | PK ALX ESRT CLW SAM OSCR MAT GHC GLIBA |
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| 2023 Q3 | Sep 30, 2023 | SouthernSun Small Cap | 10.6% | 13.5% | DAR, DY, MUSA, SAM | - | View | ||
| 2023 Q3 | Sep 30, 2023 | SouthernSun SMID Cap | 8.8% | 13.9% | DAR, DY, MUSA, SAM | - | View | ||
| 2023 Q4 | Feb 20, 2024 | SouthernSun Small Cap | 10.6% | 13.5% | BDC, DY, LOB, SAM | - | View | ||
| 2023 Q4 | Feb 15, 2024 | SouthernSun SMID Cap | 8.8% | 13.9% | AWI, BDC, DY, FND, SAM | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 16, 2026 | Fund Letters | Ross Glotzbach | Boston Beer Company, Inc. | Consumer Staples | Brewers | Bear | New York Stock Exchange | Alcohol, Beverages, buybacks, innovation, Pricing | View Pitch |
| Jan 8, 2026 | Fund Letters | Ross Glotzbach | Boston Beer Company, Inc. | Consumer Staples | Brewers | Bull | New York Stock Exchange | Balance_Sheet, Beer, brands, buybacks, Margins | View Pitch |
| Jan 8, 2026 | Fund Letters | Michael Cook | The Boston Beer Company, Inc. | Consumer Staples | Beverages | Bull | New York Stock Exchange | Beverages, brands, cashflow, innovation, Margins | View Pitch |
| Jan 8, 2026 | Fund Letters | Michael Cook | The Boston Beer Company, Inc. | Consumer Staples | Brewers | Bull | New York Stock Exchange | Beverages, brands, cashflow, innovation, Longterm, Margins, Staples | View Pitch |
| Nov 11, 2025 | Substack | DB Silverfox | Boston Beer Company | Consumer Staples | Beverages - Brewers | Bull | Boston Beer Company, brand heritage, buybacks, cash flow, craft beer, debt-free, innovation, Jim Koch, ROE improvement, Samuel Adams | View Pitch | |
| Aug 8, 2025 | Seeking Alpha | Brad Kenagy | The Boston Beer Company, Inc. | Consumer Staples | Beverages - Brewers | Bull | NYSE | — | 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. | ||||||||