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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2026 Q1 | Apr 16, 2026 | Ariel International Fund | -2.9% | -2.9% | 2454.TW, 300176.SZ, 3436.T, 6383.T, BAYN.DE, ENGI.PA, EUROB.AT, IFX.DE, INF.L, MKS.L, ORA.PA, PUB.PA, SYENS.BR, SZG.DE, WCH.DE | Asia, Europe, Geopolitical, inflation, international, technology, Utilities, value | View | ||
| 2024 Q1 | Apr 15, 2024 | Palm Harbour Capital | 5.1% | 13.5% | 1952.T, 9404.T, ALL.AX, CIR.MI, EVRI, FDJ.PA, FLTR.L, HAT.L, IGT, LNW, OCWN, OPAP.AT, PBL.TO, PPA.AT, SYENS.BR, TISG.MI | Buybacks, dividends, Europe, gaming, Media, Ports, small caps, value | Portfolio trades at weighted average P/E of 8.9x with 17% FCF/EV yield and 28% return on tangible capital. Manager believes portfolio has more than 101% upside to estimated NAV. Focus on undervalued companies with strong cash generation and balance sheet efficiency opportunities. | IGT |
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| 2024 Q3 | Oct 16, 2024 | Palm Harbour Capital | 5.1% | 13.5% | CLNX.MC, DAL.L, DAN.MI, GSMI.PS, IBST.L, JST.DE, KRIKRI.AT, MDIA3.SA, OCI.AS, PORT3.SA, SYENS.BR, UNIR.MI, VAR.OL, VRLA.PA | Cash Generation, Cyclical, Europe, small cap, takeovers, value | Portfolio trades at weighted average P/E of 8.9x with 97% upside to estimated NAV. Manager emphasizes buying quality businesses at cyclical lows, citing examples like Unieuro receiving lowball takeover bid during downturn. Focus on cash-generative businesses trading below historical multiples. | MDIA3.SA |
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| 2025 Q3 | Oct 15, 2025 | Ariel Global Fund | 5.0% | - | 009150.KS, 0425.HK, 3436.T, 6460.T, 6981.T, BT-A.L, FDX, FME.DE, FSLR, HUM, INF.L, INTC, MTB, PUB.PA, ROG.SW, SYENS.BR, VT | AI, Energy Transition, global, healthcare, semiconductors, Telecommunications, value | The fund is positioned to benefit from Edge AI adoption through holdings in semiconductor and electronic component companies. Murata Manufacturing is benefiting from rising demand for Edge AI which significantly increases multilayer ceramic capacitor content per device. Samsung Electro-Mechanics is well-positioned to benefit from rising Edge AI adoption and accelerating demand for AI accelerators. | View | |
| 2023 Q4 | Jan 31, 2024 | Palm Harbour Capital | 5.1% | 13.5% | BAYN.DE, IGT, MLCO, OCI.AS, RHIM.L, SOLB.BR, SYENS.BR, TKA.VI | Chemicals, Europe, Japan, special situations, value | Japan has been one of the cheapest markets in recent years due to poor corporate governance and capital allocation. The new CEO of the Japanese Stock Exchange has openly criticized companies trading below book value and demanded improved capital efficiency. This has created a potential multi-year bull market for value stocks in Japan as companies begin using cash piles for investment and shareholder returns. | SOLB.BR |
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| 2023 Q4 | Jan 22, 2024 | Greenlight Capital | 1.1% | 9.0% | ALIT, ATVI, BHF, CEIX, GRBK, KD, SWN, SYENS.BR, THC, VTRS, VTSC.DE | Buybacks, energy, Geopolitical, healthcare, Long/Short, technology, value | Greenlight emphasizes disciplined valuation criteria and investments where they get paid by issuers through buybacks, dividends, interest, or take-outs rather than relying on investor revaluation. Many of their largest holdings offer double-digit returns directly to investors. | SYENS.BR VTRS ALIT VTSC.DE THC BKD CEIX GRBK |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 28, 2026 | Fund Letters | Greenlight Capital | Syensqo | Materials | Specialty Chemicals | Bull | Euronext Brussels | Aerospace, Belgium, Composites, Defense, Polymers, Solvay, specialty chemicals, spinoff | 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. | ||||||||