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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Aug 7, 2025 | Invesco Small Cap Value Fund | 6.5% | 0.2% | AL, COHR, DAVA, ENTG, EPAM, EWBC, GL, GLOB, HBM.TO, HOLX, LITE, MOH, MP, NRG, PAAS, PNFP, RMBS, SAIA, TEX, WAL, WBS | AI, Banking, energy, healthcare, Intrinsic Value, materials, small cap, value | The fund employs an intrinsic value approach to stock selection, seeking companies significantly undervalued on an absolute basis. At quarter end, the difference between market prices and estimated intrinsic value was attractive, indicating potential long-term capital appreciation. Following outperformance of large-cap stocks over small-cap stocks in recent years, the managers see greater long-term upside to intrinsic value in many small-caps compared to large-caps. | TEX SAIA |
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| 2025 Q2 | Aug 27, 2025 | Cullen Small Cap Value Equity | 2.1% | -7.6% | AMZN, DENN, DOUG, GLDD, GOOGL, HIW, HP, META, MSFT, NMRK, NVDA, TEX, TREE | AI, Fed policy, real estate, small caps, tariffs, Trade Policy, value | Small caps are emerging from a prolonged earnings recession with improving fundamentals and attractive valuations. Credit spreads have normalized, volatility has fallen, and the yield curve has steepened - all historically favorable conditions for small-cap performance. The environment is becoming more favorable for active managers who focus on fundamentals as quality metrics like return on invested capital start to improve. | NMRK NMRK |
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| 2025 Q1 | Mar 31, 2025 | Cullen Small Cap Value Equity | -9.4% | -9.4% | CTRA, DOUG, GLDD, POR, TEX | AI, energy, real estate, small caps, tariffs, value | The manager emphasizes a potential longer-term resurgence in Value stocks, driven by Trump's economic agenda that could shift market leadership from Growth to Value. Value outpaced Growth in Q1 with Russell 2000 Value (-7.7%) outperforming Russell 2000 Growth (-11.1%) by 3.4%. The significant valuation discount of Value stocks relative to the broader market serves as a catalyst for stronger relative performance. | View | |
| 2025 Q3 | Oct 20, 2025 | Invesco Small Cap Value Fund | 10.0% | 10.2% | AL, COHR, DAVA.L, ENTG, EPAM, EWBC, GL, GLOB, HBM.TO, HOLX, LITE, MOH, MP, NRG, PAAS, PNFP, RMBS, SAIA, TEX, WAL, WBS | AI, energy, healthcare, Intrinsic Value, materials, small caps, Transportation, value | The fund employs an intrinsic value approach to stock selection, seeking companies significantly undervalued on an absolute basis. At quarter end, the difference between market prices and intrinsic value estimates was attractive, indicating potential long-term capital appreciation. Following outperformance of large-caps over small-caps in recent years, managers see greater long-term upside to intrinsic value in many small-caps compared to large-caps. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Invesco Small Cap Value Fund | Terex Corporation | Industrials | Industrial Machinery & Supplies & Components | Bull | NYSE | Aerial Work Platforms, Electric Utility, environmental solutions, Industrial Equipment, manufacturing, Materials Processing, waste management | View Pitch |
| Jan 8, 2026 | Value Investors Club | lordbeaverbrook | Terex Corporation | Information Technology | Software | Bull | New York Stock Exchange | cloud, Digital platforms, Enterprise software, IT services, Software, technology | View Pitch |
| Nov 4, 2025 | Seeking Alpha | Seeking Alpha | Terex Corporation | Farm & Heavy Construction Machinery | Bear | aerial platform sale, capital allocation, dilutive transactions, leverage, organic sales decline, REV Group merger, specialty equipment, strategic rationale, synergies, Terex Corporation | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $1.3M | 0.00% | 24,793 | -139,081 | -84.87% | 0.0170% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $8.2M | 0.01% | 153,115 | +153,115 | +100.00% | 0.1049% |
| Ray Dalio | Bridgewater Associates | $27.4B | $1.9M | 0.01% | 34,884 | +34,884 | +100.00% | 0.0239% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $19.5M | 0.03% | 364,385 | +364,385 | +100.00% | 0.2496% |
| Israel Englander | Millennium Management LLC | $233.2B | $23.2M | 0.01% | 434,808 | +401,885 | +1220.68% | 0.2979% |
| Jeremy Grantham | GMO LLC | $39.1B | $2.5M | 0.01% | 47,311 | +34,471 | +268.47% | 0.0324% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $9.7M | 0.01% | 181,283 | -14,519 | -7.42% | 0.1242% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $25.6M | 0.04% | 480,202 | +272,418 | +131.11% | 0.3289% |
| Cliff Asness | AQR Capital Management | $190.6B | $18.0M | 0.01% | 336,419 | -42,006 | -11.10% | 0.2305% |
| Mario Gabelli | GAMCO Investors | $10.4B | $1.1M | 0.01% | 21,000 | +0 | +0.00% | 0.0144% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $11,210 | 0.00% | 210 | +122 | +138.64% | 0.0001% |