Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Sep 10, 2025 | Kernow Asset Management | - | - | CARD.L, FRAS.L, GFRD.L, MTRO.L, SAGA.L, SMDS.L, STB.L | Banking, contrarian, regulation, retail, Short Selling, UK Equities | Manager is long Metro Bank following regulatory signals that may allow exit from MREL band, potentially unlocking £500m in capital. Also long Secure Trust Bank after favorable UK car finance court ruling, though provisions may rise from £6m to £20m. Simultaneously short another bank where similar provision escalation would be terminal. | STB.L MTRO.L STB LN MTRO LN SMWH LN |
View |
| 2024 Q2 | Jun 30, 2024 | Oakmark Fund- International Small Cap | -3.1% | - | 1444.T, 3739.T, ANDINAB.SN, ATEA.OL, BRAV.ST, DOM.ST, GN.CO, KCR.HE, OML.AX, SCHB.OL, SMDS.L, STJ.L, SUN.SW, TMV.DE | consumer, Europe, industrials, international, Nordic, small caps, technology, value | The fund consistently adds to stocks that underperformed despite unchanged intrinsic value and reduces exposure where the gap to intrinsic value narrowed. New purchases like Bravida and Embotelladora Andina were made at discounts to estimated intrinsic value, with Andina trading near 15-year low multiples despite improving business quality. | BRAV.ST |
View |
| 2024 Q1 | Apr 30, 2024 | Kernow Asset Management | 8.0% | 22.7% | FRAS.L, GFRD.L, HSX.L, IP, ITV.L, MNDI.L, MTRO.L, SAGA.L, SMDS.L | Buybacks, contrarian, Long/Short, Mid Caps, UK Equities, value, water | Multiple UK companies are engaging in substantial share buybacks, including ITV returning £235m (10% of market cap) and Hiscox announcing a new US$150m buyback program. This demonstrates intelligent capital allocation amid compelling company valuations. | MTRO.L MNDI.L HSX.L ITV.L |
View |
| 2025 Q1 | Mar 31, 2025 | Oakmark Fund- International Small Cap | 8.2% | 8.2% | ATE.L, DMET.ST, GXI.DE, IOS.DE, ISS.CO, LOOM.ST, LXS.DE, SMDS.L, SUN.SW, SWON.SW, TPK.L, ZGN.MI | consumer, Europe, industrials, international, small cap, value | The fund initiated a position in Ermenegildo Zegna, a global luxury fashion house and the world's largest luxury menswear specialist. Despite recent challenges from slowing Chinese demand affecting brands like Thom Browne, management is establishing Zegna as an absolute luxury brand and addressing operational issues. The current valuation does not reflect the long-term growth and normalized earnings profile. | IOS.DE GXI.DE |
View |
| 2024 Q2 | Jun 30, 2024 | BNY Mellon Global Equity Income Fund | -2.4% | 1.4% | 005930.KS, AAPL, AZN, B3SA3.SA, BBRI.JK, CME, CSCO, D, DEO, GOOGL, IP, MDT, NEM, NVDA, PAYX, PEP, PG, SGO.PA, SMDS.L, SNY | dividends, global, income, rates, technology, value | The fund maintains strict yield discipline and cannot invest in stocks with insufficient yields, including the Magnificent Seven technology stocks. Income stocks continue to trade at substantial discounts to low-income stocks, with valuations at levels equivalent to the 2000 technology bubble burst. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| 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. | ||||||||