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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 21, 2025 | AMG Frontier Small Cap Growth | 13.9% | -2.5% | AMTM, ATI, DAR, EXP, FTAI, GVA, INDI, LTH, MAT, ODD, PGY, SAIA, SANM, SIMO, STRL | AI, growth, infrastructure, Logistics, semiconductors, small cap, technology | Several semiconductor positions are experiencing recovery after multi-year inventory drawdown from Covid supply chain issues. Silicon Motion is positioned to gain market share with next-generation PCIe Gen 5 technology and new data center design wins with NVIDIA. indie Semiconductor is capitalizing on automotive driver assistance launches starting in second half 2025. | LTH SAIA ODD STRL INDI SIMO ATI PGY SAIA ODD STRL LTH INDI SIMO ATI PGY |
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| 2024 Q2 | Aug 2, 2024 | VH Standard Asset Management | - | -3.5% | AMED, AMK, AMZN, CERE, CPRI, FREE, HCP, HES, HIBB, INTC, IRBT, JBLU, JNPR, MXL, SAVE, SIMO, SQNS, TSEM, VMW, VZIO | capital preservation, diversification, healthcare, Merger Arbitrage, risk management, technology | The fund has significant exposure to healthcare merger arbitrage opportunities, representing 27% of the portfolio. Recent completed transactions include SGEN (Seagen) acquired by Pfizer, which generated a 0.96% gain for the fund. | 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 |
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| 2026 Q1 | Apr 14, 2026 | Driehaus Micro Cap Growth Strategy | 2.4% | 2.4% | AAOI, LASR, PRAX, SIMO, WULF | AI, energy, growth, industrials, Iran War, Micro-Cap, private credit, technology | View | ||
| 2026 Q1 | Mar 31, 2026 | Heartland Value Plus Fund | 5.0% | 5.0% | SF, SIMO, WH | Buybacks, dividends, Hotels, small caps, technology, value | WH WH SF WH SIMO |
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| 2025 Q3 | Oct 27, 2025 | Focus Capital Management | 25.3% | 61.9% | BUR.L, KCN.AX, SIMO | deep value, gold, Litigation Finance, Mining, semiconductors, technology, value | The manager emphasizes deep value investing principles throughout the letter, stating that valuation always matters and that they seek deeply undervalued opportunities. They passed on Burford Capital initially due to valuation concerns despite its attractive business model, only investing when the price became more attractive after the Muddy Waters short report. | SIMO KCN AU SIMO KCN AU |
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| 2025 Q4 | Jan 29, 2026 | Focus Capital Management | 14.7% | 85.8% | BUR, KCN.AX, SIMO, VLE.TO | AI, gold, Mining, oil, semiconductors, small caps, technology, value | Gold prices increased 65% in 2025, significantly benefiting Kingsgate's mining operations and cash flow generation. The rising gold price was a major tailwind for the fund's performance, though the manager acknowledges dependence on sustained high gold prices as a risk factor. Silicon Motion continues gaining market share across PC SSD controllers and mobile segments with new product launches. The company has the strongest product lineup in over 12 years, with management expressing unprecedented confidence in their pipeline of design wins and opportunities. AI data center boom creates both opportunities and challenges for Silicon Motion. While AI applications drive demand for high-performance SSDs, the massive AI-driven purchases of NAND storage are creating unprecedented shortages and tripling prices, potentially hurting core PC and smartphone markets. Oil prices dropped approximately 20% in 2025 from $75 to $60 per barrel, weighing on Valeura Energy's profitability. Despite lower prices, Valeura remains highly profitable with breakeven in the mid-40s and continues generating substantial cash flow. | BUR VLE CN SIMO KCN AU |
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| 2025 Q4 | Jan 15, 2026 | Baillie Gifford – International Alpha | 1.2% | 19.6% | 000333.SZ, 005930.KS, 0700.HK, 1299.HK, 1698.HK, 2318.HK, 2454.TW, 3064.T, 3656.T, 3690.HK, 3994.T, 4612.T, 600519.SS, 6098.T, 6273.T, 6758.T, 6861.T, 7309.T, 7733.T, 7974.T, 8035.T, 8113.T, 8729.T, ADYEN.AS, ASML, ATCO-A.ST, B3SA3.SA, BN.PA, BNTX, CFR.SW, CPA, CPNG, CRH, CSU.TO, DB1.DE, DEMANT.CO, DIM.PA, DSV.CO, DSY.L, EDEN.PA, EXPN.L, FBK.MI, G24.DE, GMKN.ME, HDB, ICICIGI.NS, IMCD.AS, KGP.L, KNEBV.HE, KSPI.L, LMN.TO, LUN.TO, MC.PA, MELI, MIPS.ST, MNDY, NEX.PA, NVO, NVZMY, PDD, RAT.DE, RIO, ROG.SW, RYA.L, SALM.OL, SAP, SDZ.SW, SE, SEB-A.ST, SHOP.TO, SIMO, SJ.TO, SPOT, TFII, TOI.TO, TPRO.MI, TSM, U11.SI, UL | E-Commerce, growth, international, Quality, semiconductors, technology, value | Samsung Electronics passed qualification with Nvidia for HBM3E chips and is in advanced discussions for next-generation products. The memory division reported record third-quarter sales driven by AI demand. Tokyo Electron was added as a new position, benefiting from increasing semiconductor complexity across various end markets. MercadoLibre faced share price volatility reflecting a tug-of-war between accelerating revenue growth and concerns over short-term margin pressure from defending market share in Brazil. Despite disappointing performance, the manager sees substantial growth runway and disciplined long-term management. DSV shares rebounded after geopolitical pressure on global trade. Third-quarter results exceeded expectations with margin improvement and upgraded guidance on DB Schenker acquisition synergies. Management accelerated integration timeline with most savings expected within two years. Lundin Mining was added as a new position, described as a high-quality copper-focused miner with low-cost assets and strong production growth potential. The manager sees an improving demand-supply balance in copper with current valuation not accounting for company quality. | 2454 TT SALM NO 8035 JP LUN CN DSV 005930 KS TME |
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| 2024 Q3 | Sep 30, 2024 | Baron Small Cap Fund | 9.6% | 14.5% | ASGN, AZPN, BFAM, BWIN, CHRT, CWT, DXCM, FA, FND, GWRE, IBP, ICLR, INSP, INTA, IT, JANUS, KNSL, RRR, SIMO, SITE, TDG, VRT | AI, Data centers, financials, growth, industrials, Rate Cuts, small cap, technology | Vertiv Holdings leads data center equipment with significant share in power and cooling applications. The stock rebounded as investors gained confidence in massive AI data center buildout globally. Strong relationship with chip manufacturers and involvement in technology roadmap for increasing energy density solutions were catalysts. | View | |
| 2024 Q2 | Jun 30, 2024 | Invesco Small Cap Value Fund | 6.5% | 19.5% | ATGE, AVTR, COHR, CRS, ENDV.L, EPAM, EXPE, GL, LITE, MOH, MTZ, MXL, NFE, NRG, SEM, SIMO, VRT, VST, WAL, WBS | Intrinsic Value, materials, small cap, technology, Utilities, value | The fund benefits from AI growth through holdings like Coherent, which develops optical transceivers that are key enablers for networking of AI servers. Vistra shares rose due to better outlook for long-term demand driven by the build out of energy-intensive AI data centers. | EPAM DAVA GL |
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| 2024 Q4 | Jan 29, 2025 | Focus Capital Management | -4.9% | -27.6% | BUR, KCN.AX, SIMO, VLE.TO | energy, gold, Litigation Finance, semiconductors, undervalued, value | Kingsgate operates the Chatree gold mine in Thailand which has restarted operations and is ramping to full capacity. The company expects to produce 95,000-120,000 ounces annually at full capacity with estimated net income of $75-110 million. Gold prices are near $2,800 per ounce, about 35% higher than the beginning of 2024. | VLE.TO KCN.AX SIMO BUR |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 15, 2026 | Fund Letters | Heartland Value Plus Fund | Silicon Motion Technology Corporation | Semiconductors | Semiconductors & Semiconductor Equipment | Bull | NASDAQ | Arbitration Settlement, data centers, hyperscalers, margin expansion, Memory Components, semiconductors, turnaround, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | AMG Frontier Small Cap Growth | Silicon Motion Technology Corporation | Information Technology | Semiconductors | Bull | NASDAQ | Bluefield DPU, data center, Heat Sink, market share, NAND Flash Controllers, NVIDIA, PCIe Gen 5, Six-nanometer | View Pitch |
| Apr 13, 2026 | Fund Letters | Focus Capital Management | Silicon Motion | Information Technology | Semiconductors | Bull | NASDAQ | AI, Controllers, data centers, growth, market share, NAND flash, PCIe 5.0, semiconductors | View Pitch |
| Jan 30, 2026 | Fund Letters | Mordechai Yavneh | Silicon Motion Technology Corp. | Information Technology | Semiconductors | Bull | NASDAQ | AI, Controllers, Margins, Nand, semiconductors | View Pitch |
| Jan 8, 2026 | Fund Letters | Bradford Evans | Silicon Motion Technology Corp. | Information Technology | Semiconductors | Bull | NASDAQ | hyperscalers, Margins, Revaluation, semiconductors, Storage | View Pitch |
| Dec 3, 2025 | Fund Letters | James A.Colgan | Silicon Motion Technology Corp. ADR | Information Technology | Semiconductors | Bull | NASDAQ | Controllers, datacenter, Pcs, semiconductors, Ssd, Storage | View Pitch |
| Nov 29, 2025 | Fund Letters | Mordechai Yavneh | Silicon Motion Technology Corp. | Information Technology | Semiconductors | Bull | NASDAQ | AI, Controllers, growth, market share, Memory, Nand, semiconductors, undervalued | View Pitch |
| Nov 28, 2025 | Fund Letters | Mordechai Yavneh | Silicon Motion Technology Corp. | Information Technology | Semiconductors | Bull | NASDAQ | AI, Controllers, growth, market share, Memory, Nand, semiconductors, undervalued | View Pitch |
| Oct 21, 2025 | Value Investors Club | Motherlode | Silicon Motion Technology Corp. | Information Technology | Semiconductors | Bull | NASDAQ | AI, data centers, TAM expansion | 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. | ||||||||