TLN

TLN

TLN

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 27, 2025	Alluvial Capital Management	8.5%	15.6%	CBL, MCB LN, NLOP, NWL IM, PKST, SENEB, SRC LN, TITN, TLN, WISH, ZEG	Assets, cash flows, Discipline, dislocation, value	The letter highlights valuation-driven opportunities created by market dislocations and investor pessimism. Management focuses on underappreciated businesses with strong assets, cash flows, and downside protection, while avoiding speculative growth excesses. Patience and capital discipline are emphasized as key to long-term returns.	WISH CBL PKST NLOP SRC LN SENEA MCB LN ZEG LN TLNE	View
2025 Q1	Apr 24, 2025	Prosper Stars & Stripes	-9.7%	-9.7%	AMSC, COLD, FLYW, FTRE, HELE, KRMN, MTLS, NSIT, PYCR, RGEN, SARO, TLN, TRS, XMTR	-			View
2025 Q4	Feb 22, 2026	City Different Investments – Global Equity	-0.2%	31.6%	CROX, CVNA, IHS, MELI, RYAAY, TLN	Bottom-up, E-Commerce, energy, global, nuclear, technology, value	The fund holds Carvana, a vertically integrated e-commerce platform for used cars that eliminates traditional dealerships. MercadoLibre remains a core holding despite recent weakness, with the manager enthusiastic about its e-commerce and fintech strengths. E-commerce remains an important industry theme for the portfolio. Talen Energy, a major contributor for three consecutive years, owns nuclear facilities and expanded its relationship with Amazon Web Services to provide carbon-free energy for data centers. The global energy transition remains an important industry theme, with the fund investigating energy-related companies that have struggled recently. Talen Energy expanded its relationship with Amazon Web Services to provide carbon-free energy for data centers, highlighting the growing electricity demand from this sector. The fund sees potential benefits from rising electricity demand driven by data center growth.	IHS TLN CVNA	View
2025 Q4	Feb 2, 2026	Alluvial Capital Management	0.0%	41.2%	CRAW, EAC, FTLF, GTX, IFOS, MBR.L, MDR, NLOP, SLVM, TLN	Buybacks, dividends, Europe, industrials, materials, small caps, Telecommunications, value	The fund earned returns from boring companies in defensive industries using plain vanilla value investing principles while ignoring the market's shiny objects. The portfolio represents a collection of good quality, deeply undervalued companies trading at significant discounts to intrinsic value. Multiple portfolio companies executed aggressive share repurchase programs including Zegona with €200 million reserved for buybacks, Garrett Motion repurchasing 9% of shares, and McBride implementing an aggressive share repurchase plan. These capital return programs drove significant stock price appreciation. Several holdings initiated or resumed dividend payments as part of capital return strategies. Garrett Motion initiated a dividend and committed to returning 75% of free cash flow to shareholders, while McBride reinitiated its dividend alongside share buybacks. The fund initiated a position in Itafos, a phosphate fertilizer producer, based on structural undersupply dynamics. American phosphate production has declined by more than half since 1980, Florida reserves are dwindling, and China is reducing exports to ensure domestic availability for agriculture and lithium battery production. The fund purchased Sylvamo Corp, a manufacturer of uncoated freesheet paper, facing short-term headwinds from expiring supply agreements and weak European demand. Industry supply reduction from mill conversions and closures should support pricing recovery as the company invests in South Carolina capacity expansion. Net Lease Office Properties continues its liquidation process with multiple property sales and large distributions to shareholders. While recent sale prices have been underwhelming, the current share price represents a large discount to remaining property values with liquidation expected to complete by end of 2026.	MCDIF SLVM NLOP MCB LN GTX CRAWA ZEG LN	View
2025 Q4	Feb 10, 2026	LVS Advisory – Event Driven	-8.2%	0.0%	AMZN, CW, GOOGL, IBKR, META, NFLX, TLN, WBD, WISE	AI, Event-Driven, Fintech, growth, Leverage, Netflix, Power, software, Streaming	Netflix remains the largest holding at 18% weight, viewed as the global category killer in scripted entertainment rapidly eroding linear TV market share. Despite the Warner Brothers Discovery acquisition causing a 21.8% Q4 decline, the manager sees Netflix continuing to take share through reinvestment in live entertainment, sports content, video games, and advertising capabilities. Artificial intelligence is viewed as creating competition and reducing switching costs in software, leading to liquidation of software exposure. However, AI should benefit tech platforms with physical economies of scale and network effects by allowing them to better serve customers and potentially reduce costs. The power basket performed well with investments in companies benefiting from the energy transition. Talen Energy doubled and Curtiss-Wright appreciated 64%, reflecting the manager's positive view on longer-term power infrastructure trends despite short-term volatility. The fintech basket includes Interactive Brokers and Wise, with stocks showing volatility due to interest rate sensitivity and consumer spending exposure. Stablecoin risk emerged as a new theme in 2025, particularly for cross-border payments, though current costs remain higher than traditional payment rails.		View
2025 Q4	Feb 10, 2026	LVS Advisory – Growth	-8.2%	6.2%	AMZN, CW, GOOGL, IBKR, META, NFLX, TLN, WISE	AI, energy, Fintech, growth, software, Streaming, technology	Netflix remains the largest holding at 18% weight, viewed as the global category killer in scripted entertainment rapidly eroding linear TV market share. The company is expanding into live entertainment, sports content, video games, and advertising capabilities. Despite the Warner Brothers Discovery acquisition concerns, Netflix trades at attractive 20x forward earnings with 20%+ expected earnings growth. Artificial intelligence is creating significant disruption across software companies, with fears that AI will create competition and reduce switching costs. The manager liquidated software exposure due to concerns that AI will impair terminal values of most public software companies. However, tech platforms with physical economies of scale should benefit from AI by better serving customers and reducing costs. The power basket performed well in 2025 with Talen Energy doubling and the manager maintaining a positive longer-term view on power trends despite volatility in the stocks. The fintech basket includes Interactive Brokers and Wise, facing volatility from interest rate changes and consumer spending sensitivity. Stablecoin risk emerged as a new theme in 2025, particularly for cross-border payments, though current stablecoin costs remain higher than traditional payment rails.	NFLX	View
2024 Q4	Dec 31, 2024	Apis Flagship Fund	-	13.2%	103590 KS, 3533 TT, 4046 JP, 601238 CH, PLUG, SOON SW, TLN	-			View
2024 Q4	Dec 31, 2024	Apis Global Discovery Fund	2.6%	8.6%	103590 KS, 4046 JP, HNRG, RCAT, TLN	-			View
2024 Q4	Dec 31, 2024	Apis Deep Value Fund	1.4%	8.5%	103590 KS, 2238 HK, 4046 JP, HNRG, PLUG, RCAT, SOON SW, TLN, TPB	-			View
2025 Q3	Oct 29, 2025	Polen Capital – U.S. SMID Company Growth	14.4%	28.0%	ALAB, BE, GGAL, MNDY, SOFI, TLN	AI, Data centers, Electrification, power demand, SMID Caps	Electrification and AI-driven power demand dominated results, as holdings like Bloom Energy and Talen Energy benefited from soaring electricity needs tied to data centers and onshoring manufacturing. SMID-cap growth remained supported by expanding earnings revisions and broad market participation. Management continues to focus on companies enabling power grid modernization, digital transformation, and next-gen aerospace.		View
2024 Q3	Oct 29, 2024	Alluvial Capital Management	4.8%	15.7%	BAHNB SS, FTLF, MCB LN, NLOP, TLN, ZEG LN	-			View
2025 Q3	Oct 14, 2025	Alger Mid Cap Focus Fund	14.5%	19.0%	ALAB, AXON, CSU, HOOD, TLN, WING	Artificial Intelligence, Data centers, Financial Technology, semiconductors, Utilities	Mid-cap growth was led by AI infrastructure providers such as Astera Labs and Talen Energy, which benefit from data center expansion and power demand. Financial platforms like Robinhood illustrate the rise of digital wealth tools, while utilities benefit from AI-related grid upgrades. The portfolio remains focused on durable AI beneficiaries and tech-driven efficiency plays.	ALAB HOOD	View
2025 Q3	Oct 14, 2025	Alger Small Cap Focus Fund	8.6%	3.2%	NBIS, PTLO, TLN, TPC, WING	Artificial Intelligence, Cloud, Construction, Data centers, infrastructure	The funds performance was supported by exposure to AI infrastructure through Nebius and Talen Energy, reflecting rising enterprise demand for GPU capacity and energy-intensive data centers. Construction firms such as Tutor Perini also benefited from increased infrastructure spending and fiscal incentives. The strategy favors innovation-driven small caps positioned at the intersection of AI and real economy transformation.	TPC	View
2025 Q4	Jan 15, 2026	ClearBridge Investment Value Strategy	0.0%	0.0%	300750.SZ, ARGX, CELH, CHTR, CMA, CORT, FCX, FI, FITB, GPN, ICE, META, MTB, MU, NEM, OM, PYPL, SLGN, TLN, WBS	AI, financials, gold, healthcare, materials, semiconductors, technology, value	AI adoption is expected to broaden economic benefits in 2026, requiring justification of massive capital investment. The team sees opportunities in AI adoption across sectors where it's not currently priced, while maintaining exposure to AI-related infrastructure investments despite reducing exposure during volatility spikes. Value spreads remain at historic extremes with value stocks trading at the cheapest 10% of their history relative to growth. The team believes this creates a probability gap with meaningful upside potential for valuation-driven investors as the market prices value stocks as having little chance of leading. Memory chip demand driven by AI exceeded supply growth, creating price spikes that benefited holdings like Micron Technology. The team correctly anticipated AI would drive memory demand well above supply growth, positioning in picks-and-shovels AI infrastructure plays. Gold prices spiked higher than reflected in mining stock prices, benefiting Newmont Mining. The team has been long-term bullish on gold due to limited annual supply and new demand sources, creating opportunities to buy high-probability events at low-probability prices.	PYPL FITB	View
2024 Q3	Sep 30, 2024	Apis Global Discovery Fund	3.7%	11.6%	HNRG, TLN	-			View
2024 Q2	Jul 24, 2024	Alluvial Capital Management	4.8%	15.7%	HRBR, MCB LN, NLOP, SENEA, SXP CN, TLN, UBAB	-			View
2024 Q2	Jul 23, 2024	LVS Advisory – Growth	0.0%	36.7%	TLN	-			View
2024 Q2	Jul 23, 2024	LVS Advisory – Event Driven	0.0%	7.5%	TLN	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Feb 26, 2026	Fund Letters	Vinson Walden	Talen Energy Corporation	Utilities	Independent Power Producers & Energy Traders	Bull	NASDAQ	capital allocation, Contracting, data centers, electricity demand, Nuclear, Regulation	View Pitch
Jan 22, 2026	Twitter / X	@AlphaArkInvest	Talen Energy Corporation	Utilities	Independent Power Producers & Energy Traders	Bull	NASDAQ	data center, Grid, Nuclear, nuclear energy, Pjm, Power, Talen, Tln	View Pitch
Jan 22, 2026	Twitter / X	@escvel0city11	TransAlta Corporation	Utilities	Independent Power Producers & Energy Traders	Bull	Toronto Stock Exchange	datacenters, Jump, Pjm, Pjm Power, Power, Power Price, Prices, RACE	View Pitch
Aug 8, 2025	Seeking Alpha	Value Sights	Talen Energy Corporation	Utilities	Utilities - Independent Power Producers	Bull	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	Agar Capital	Talen Energy	Utilities	Utilities - Independent Power Producers	Bull	NASDAQ	—	View Pitch
Aug 7, 2025	Seeking Alpha	Ricardo Fernandez	Talen Energy Corporation	Utilities	Utilities - Independent Power Producers	Bull	NASDAQ	—	View Pitch

BSD Shareholders of TLN

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.

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