TIGO

TIGO

TIGO

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2024 Q2	Sep 7, 2024	Bonhoeffer Capital Management	11.3%	0.0%	BLDR, FFBB, TIGO, VTY LN	-			View
2025 Q2	Sep 10, 2025	Bonhoeffer Capital Management	8.7%	-	ART SJ, ARW, BLDR, FFBB, NBN, TIGO, UBAB	Balance Sheets, contrarian, Mean reversion, normalization, valuation	The commentary focuses on deep value opportunities driven by mean reversion, balance sheet repair, and normalized earnings power. Management stresses disciplined valuation work and patience through cycles to unlock long-term returns. The environment is viewed as favorable for contrarian investors as dispersion remains elevated.		View
2025 Q2	Jul 9, 2025	Ennismore Global Equity Fund	-	7.5%	0LQG LN, CLNX SM, FLUT, KAR SS, KWS GR, TIGO	Capital discipline, global, Governance, Long/Short, Quality	The commentary focuses on a global long-short strategy emphasizing quality longs and selective shorts in structurally weak businesses. Controlled companies with long-term owners are highlighted as a key source of resilience and compounding. Risk management and capital discipline anchor portfolio construction.	TIGO KAR SS FLUT	View
2025 Q2	Jul 20, 2025	Brennan Asset Management	-	-	CHTR, CODI, MTRO LN, PTSB LN, TIGO	cash flow, dividends, risk management, stability, total return	The commentary emphasizes dividend-paying companies with consistent growth and financial strength. Management views dividends as a tangible component of total return and risk mitigation. The strategy favors stability over speculative growth.		View
2024 Q1	Jun 16, 2024	Bonhoeffer Capital Management	11.3%	0.0%	005300 KS, ABG, ARW, FFBB, ODFL, TIGO, WBD, WILWY	-			View
2025 Q1	May 20, 2025	Bonhoeffer Capital Management	-3.4%	-3.4%	005300 KS, AX, FFBB, MSBC, NBM, TIGO, UBAB	-			View
2025 Q1	Apr 12, 2025	Longleaf Partners International Fund	0.7%	0.7%	1910 HK, COST, CUERVO* MM, GLB LN, GMKKY, JFC PM, LXS GR, PRX NA, TIGO	-			View
2025 Q1	Apr 12, 2025	Longleaf Partners Global Fund	-2.2%	-2.2%	ACI, BOL, CNX, FDX, GMKKY, IAC, TIGO	-			View
2025 Q1	Mar 31, 2025	Renaissance Investment Management – International Small Cap Equity	-	-	FINV, ITRN, TGLS, TIGO, TSEM IT, YUEIY	-			View
2025 Q1	Mar 31, 2025	The Gabelli Global Content & Connectivity Fund	3.7%	3.7%	ATEX, DTE GR, META, PRX NA, TIGO	-			View
2024 Q4	Mar 10, 2025	Turtle Creek Fund Test	-2.7%	-	ABG, AHT LN, ASO, BLDR, DOO CN, FFBB, KNSL, TIGO, UBAB, WSC	-			View
2024 Q3	Dec 15, 2024	Bonhoeffer Capital Management	11.3%	0.0%	005300 KS, NBN, NOA, TIGO	-			View
2025 Q3	Nov 16, 2025	The Gabelli Global Content & Connectivity Fund	12.3%	-	AD, ATEX, DTE, GOOG, PRX, TIGO	Broadband, Connectivity, Data, infrastructure, Streaming	The letter highlights structural demand for connectivity driven by streaming, cloud, mobile data, and network infrastructure upgrades. Companies enabling content distribution, broadband expansion, and digital platforms benefit from recurring revenue models and rising global consumption of data. The strategy favors competitively advantaged firms positioned to capture long-term secular growth in digital communication.		View
2025 Q4	Jan 19, 2026	Hosking Partners	7.2%	33.5%	000660.KS, 005930.KS, 055550.KS, AA, AAPL, BARC.L, C, FCX, HCC, IMPUY, MSFT, MU, SBSW, STX, SYF, TIGO	AI, contrarian, emerging markets, Japan, Mining, Platinum, technology, value	The strategy maintains a contrarian value approach, betting on mean reversion after a decade of growth dominance. Valuation spreads have reached extreme levels with enterprise value to sales ratios spanning 100-fold, creating opportunities in undervalued sectors. The AI capital paradox is creating opportunities as technology leaders face increasing capital intensity. McKinsey estimates $5.2 trillion in physical asset investments by previously asset-light firms, likely compressing returns on assets and valuations. South African platinum group metals were major contributors with Impala Platinum up 243%, Sibanye Stillwater up 360%, and Northam Platinum up 298%. The metals and mining sector weighting of 12% versus 2% index exposure drove significant outperformance. The strategy maintains triple-weight exposure to Japan at 14% versus 5% index weight, betting on corporate restructuring and activist investor pressure. Over 50 holdings target companies with depressed ROA ratios capable of dramatic improvement.		View
2025 Q4	Jan 14, 2026	Longleaf Partners Global Fund	5.3%	16.7%	ANGI, AVTR, BIO, CNH, CNX, DHER.DE, EXOR.MI, F, FI, GLAN.L, GRUMA.MX, IAC, JFC.PS, KHC, MAT, MGM, PHG, REGN, STLA, TIGO, UNH	Buybacks, FCF, global, Holdings, Media, Quality, value	The fund maintains a concentrated portfolio of undervalued stocks trading at low P/V ratios in the low-60s%. Management emphasizes finding defensive growers like consumer staples and timberland companies at better prices, similar to their successful positioning in 1999. They focus on companies with strong free cash flow generation and quality management partners. Multiple portfolio companies are actively repurchasing shares at attractive prices. MGM has repurchased over 40% of shares in five years, Glanbia added to buyback programs, and Exor executed efficient share repurchases via Dutch auction. The fund views these as value-creating capital allocation moves. Canal+ renewed exclusive UEFA Champions League rights for 2027-2031 at better economics than feared, reinforcing subscriber base quality. The company made operational progress across European and African platforms following the MultiChoice merger, though remains underfollowed as a French media company on London Stock Exchange.	AVTR BIO ANGI MGM KHC IAC TIGO GLB LN CAN LN	View
2022 Q4	Sep 3, 2023	Bonhoeffer Capital Management	11.3%	0.0%	036800 KS, 0QRV LN, BLDR, KT, TIGO, TIT IM	-			View
2022 Q4	Sep 2, 2023	Longleaf Partners Global Fund	14.8%	18.4%	AMG, CNX, GE, IAC, LUMN, TIGO, WBD	-			View
2024 Q2	Jul 23, 2024	Longleaf Partners International Fund	11.2%	10.4%	6BE GR, DELHY, ERF FP, HDFCB IN, KER FP, PROSY, TIGO	-			View
2024 Q2	Jul 23, 2024	Longleaf Partners Global Fund	14.8%	18.4%	BIO, DELHY, ERF FP, FDX, PROSY, TIGO	-			View
2023 Q2	Jul 19, 2023	Longleaf Partners Global Fund	14.8%	18.4%	GOOG, IAC, LYV, TIGO, WBD	-			View
2022 Q3	Jul 12, 2022	Bonhoeffer Capital Management	11.3%	0.0%	005300 KS, ABG, BERY, TIGO, TIT IM	-			View
2023 Q1	Jun 23, 2023	Bonhoeffer Capital Management	11.3%	0.0%	003550 KS, AHT LN, CNSL, TIGO, TVK CN	-			View
2023 Q1	Apr 20, 2023	Longleaf Partners Global Fund	14.8%	18.4%	DIS, FDX, GE, LUMEN, MGM, TIGO	-			View
2023 Q1	Apr 20, 2023	Longleaf Partners International Fund	11.2%	10.4%	AC FP, KER AV, RITN GR, TIGO	-			View
2023 Q1	Mar 31, 2023	Cove Street Capital Small Cap Value Fund	3.7%	-6.0%	CLMB, CMP, ECVT, GLDD, GMED, HNRG, LFCR, LGF/B, NUVA, SSP, TIGO, VMD	-			View
2024 Q4	Jan 26, 2025	Brennan Asset Management	-	-	ARCO, CABP LN, CHTR, CODI, LILAK, MEGACPO MM, PTSB LN, TIGO	-			View
2023 Q4	Jan 17, 2024	Longleaf Partners Global Fund	14.8%	18.4%	EXO NA, FDX, FFX GR, GE, LUMEN SS, LYV, PVH, TIGO, WBD	-			View
2024 Q4	Jan 16, 2025	Longleaf Partners International Fund	-11.2%	-2.0%	035420 KS, 6676 JP, 6BE GR, AC FP, DHER, DOM LN, ERF FP, GLB LN, PFD LN, PRX NA, TIGO, VIV FP	-			View
2024 Q4	Jan 16, 2025	Longleaf Partners Global Fund	-6.7%	10.5%	CNX, ERF FP, FIS, IAC, K, MGM, PRX NA, TIGO, VIV FP, WBD	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jan 16, 2026	Fund Letters	Ross Glotzbach	Millicom International Cellular S.A.	Communication Services	Wireless Telecommunication Services	Bull	NASDAQ	buybacks, deleveraging, dividends, Freecashflow, Telecom	View Pitch
Dec 5, 2025	Fund Letters	Margaret Webb	Millicom International Cellular SA	Communication Services	Wireless Telecommunication Services	Bull	NASDAQ	cashflow, Emerging markets, Margins, Telecom, turnaround	View Pitch

BSD Shareholders of TIGO

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: