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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 29, 2025 | Blue Tower Asset Management | 17.7% | 27.6% | CGEO.L, TBCG.L | Banking, emerging markets, Fintech, frontier markets, Georgia, Uzbekistan, value | Blue Tower is capitalizing on the reversal of the pullback from frontier market investments that began in 2018. The firm sees attractive opportunities in frontier markets like Georgia and Uzbekistan, where they can access emerging market growth prospects with developed market corporate governance standards. | TBCG.L |
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| 2025 Q1 | May 20, 2025 | Meditation Capital | - | - | BGEO.L, KASPI.L, LOTO.MI, NU, PDD, TBCG.L | Europe, Gambling, Italy, Long-only, management, valuation, volatility | Lottomatica is the #1 online & offline B2C gambling operator in Italy with 31% market share online and 30-40% share offline. The investment opportunity lies in Italy's low online gambling penetration at 31% versus 63% in the UK and 75%+ in Scandinavia. Online casino penetration is only 26% in Italy, up from 8% in 2019, with each euro of offline casino gambling that moves online generating 2.6x the EBITDA for Lottomatica. | LTO.MI |
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| 2024 Q3 | Dec 17, 2024 | Meditation Capital | - | - | BGEO.L, HEPS.IS, KSPI, TBCG.L | Banking, emerging markets, Fintech, IRR, long-term, valuation | Manager emphasizes how high multiples significantly damage medium/long-term IRRs, constraining their opportunity set. They focus heavily on valuation as key input for underwriteable returns and downside protection, assuming conservative exit multiples rather than relying on market sentiment. | HLYB TBCG.L BGEO.L KSPI |
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| 2025 Q3 | Oct 28, 2025 | Graham and Doddsville | - | - | AAON, AAP, ANET, AOS, ASTS, CVNA, DLO, FEVR.L, GOOGL, KER.PA, MELI, META, NLB.L, PGR, RKLB, TBCG.L, TSM, WISE.L, WOSG.L, XPEL | AI, emerging markets, Investment Analysis, long-term, Portfolio Management, Quality, Student Pitches, Value Investing | Multiple interviews emphasize value investing principles, with Brandes Investment Partners maintaining pure value philosophy despite 165 months of underperformance following the global financial crisis. The publication showcases various value-oriented approaches from concentrated portfolios to systematic value investing strategies. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Blue Tower Asset Management | TBC Bank Group | Financials | Banks | Bull | London Stock Exchange | Banking Deregulation, consumer lending, digital banking, Emerging markets, Fintech, Georgia, market share, Mobile payments, ROE, Uzbekistan | View Pitch |
| Apr 13, 2026 | Fund Letters | Meditation Capital | TBC Bank Group PLC | Financials | Banks | Bull | London Stock Exchange | banking, digital banking, Emerging markets, GDP growth, Georgia, management, Market expansion, ROE, Uzbekistan, Value | 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. | ||||||||