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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q4 | Mar 5, 2025 | Palm Harbour Capital | - | - | 9404.T, BOL.PA, EOAN.L, GSMI.PS, IGT.MI, LTO.MI, MDIA3.SA, ODET.PA, OWIL.L, PPA.AT, PRT.MI, TKA.VI, UMG.AS, VIV.PA | Europe, gaming, global, inflation, Media, Politics, small caps, value | Fund focuses on overlooked securities trading at significant discounts to intrinsic value with above average returns on capital. Portfolio trades at weighted average P/E of 8.5x with 98% upside to estimated NAV. | ODET.PA |
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| 2023 Q3 | Oct 30, 2023 | Palm Harbour Capital | - | - | 6966.T, AVID, DAN.MI, DHG.L, LNA.PA, OCI.AS, OCN.L, OVS.MI, PCAR3.SA, PORT3.SA, PRT.MI, STEAV.HE, TKA.VI, VRLA.PA | Europe, free cash flow, rates, small caps, Spin-Offs, value | Manager emphasizes buying companies at 10% free cash flow yields with strong balance sheets and cash flows. Portfolio trades at weighted average P/E of 7.5x and FCF/EV yield of 18%. Believes current environment creates great setup for value investing performance in coming years. | OCN.L |
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| 2023 Q1 | Apr 23, 2023 | Palm Harbour Capital | 5.1% | 13.5% | CAL.MI, CIR.MI, DAN.MI, GSMI.PS, IGT, IHRT, OCI.AS, PRT.MI, TESB.BR, TKA.VI, VAR.OL | Banking, dividends, Europe, portfolio, Steel, Telecommunications, value | Portfolio trades at weighted average P/E of 8.5x, FCF/EV yield of 19% and return on tangible capital of 30%. Manager believes this is a great time to be a value investor and sees more than 105% upside to estimated NAV. | TKA.VI |
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| 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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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 27, 2026 | Fund Letters | Palm Harbour Capital | Telekom Austria | Communication Services | Integrated Telecommunication Services | Bull | Vienna Stock Exchange | Central Europe, defensive, dividend, Free Cash Flow, infrastructure, oligopoly, telecommunications, Tower Spin-off, 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. | ||||||||