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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q3 | Sep 30, 2024 | Mondrian Global Equity Fund | - | - | ATD.TO, HMC, MMTOF, NSANY, SVNDY, TM | Buybacks, Corporate Governance, Currency, global, Japan, value | Mondrian maintains overweight positioning in Japan based on attractive valuations and corporate governance reforms. The firm has a 35-year track record of stock selection in Japan and sees continued value from improving shareholder returns, share buybacks, and unwinding of cross-shareholdings. | View | |
| 2025 Q2 | Aug 7, 2025 | Orbis International Equity | - | - | ASII.JK, D01.SI, H78.SI, HMC, J36.SI, SBUX, SE, TM | Asia, Conglomerates, consumption, E-Commerce, growth, value | Asian economies are transitioning from export-driven growth to domestic consumption-led models, creating opportunities in undervalued consumer-oriented businesses. This structural shift represents a multi-decade rebalancing that could drive a new virtuous cycle of local consumption and reinvestment. | SE J36.SI 8802 JP |
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| 2025 Q2 | Jul 17, 2025 | Contrarius Global Equity Fund | 19.2% | 10.7% | AAPL, AMD, AMZN, CZR, GM, GOOGL, INTC, KER.PA, META, MSFT, NVDA, ORCL, PARA, TM, TSLA, UHR.PA, WBD | AI, contrarian, Electric Vehicles, semiconductors, technology, value | AI adoption is accelerating with cloud hyperscalers investing over $217 billion in AI infrastructure in 2024. The next frontier of real-world AI including agentic AI, autonomous vehicles, and humanoid robotics promises even greater disruption. Chain-of-Thought reasoning represents a breakthrough in AI's ability to perform complex multi-step reasoning tasks, significantly increasing inference computational demands. | NVDA NVDA |
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| 2023 Q2 | Jun 30, 2023 | North Sky Capital | - | - | TM | Battery Storage, Energy Transition, impact investing, infrastructure, IRA, RNG, Secondaries | The firm is actively investing in renewable energy infrastructure including RNG projects, battery storage, and solar development. The Inflation Reduction Act is providing significant tailwinds with tax credit bonuses and transferability provisions accelerating deployment. | View | |
| 2023 Q2 | Jun 30, 2023 | Mondrian International Equity Value Opportunities | - | - | 6201.T, 6501.T, 6702.T, 6758.T, 7751.T, TM | Buybacks, Corporate Governance, dividends, earnings, inflation, Japan, value | Japanese equity market experiencing resurgence driven by corporate governance reforms led by Tokyo Stock Exchange. Mondrian maintains overweight position based on value opportunities, strong earnings growth, and shareholder returns despite historical challenges and false dawns. | View | |
| 2023 Q1 | May 22, 2023 | Nightview Capital | - | - | AMZN, BABA, F, GM, GOOGL, PCRFY, TM, TSLA | Electric Vehicles, Energy Transition, Google, growth, Manufacturing, technology, Tesla, value | Tesla dominates the EV space with industry-leading margins and manufacturing advantages. Legacy automakers like Ford lose $21,000 per EV while Tesla makes $8,500 per vehicle. Tesla's price cuts expand addressable markets while maintaining competitive advantages through vertical integration and manufacturing efficiency. | ACGL|CHH|FDS|GWRE|IBKR|IDXX|MTN|SPOT|TSLA GOOGL |
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| 2024 Q1 | May 2, 2024 | Capicraft Investment Partners | 0.0% | 0.0% | BUR.L, F, JMAT.L, MBG.DE, MTN, NVDA, SPP.JO, SSL, TM | AI, commodities, Elections, energy, gold, inflation, Resources, South Africa | Gold continues to rise despite higher bond yields due to US fiscal weakness and structural inflation. Eastern central banks and private sectors are buying gold instead of Western government bonds, representing a shift in the global monetary system. Chinese demand is so strong that gold trades $100/oz higher in Shanghai than Western markets. | View | |
| 2025 Q1 | Apr 18, 2025 | Longriver Investment Partners | -0.3% | -0.3% | 0175.HK, 0700.HK, 1211.HK, 9442.T, AMZN, GAW.L, META, TCOM, TM, TOI.TO, TSLA, TSM, VTC.L, WISE.L | BYD, China, Electric Vehicles, Energy Transition, tariffs, Valuations | Manager argues now is a great time to buy Chinese equities, drawing parallels to US in 2010-2011 post-housing crisis. China has undergone deleveraging after real estate bubble burst in 2021, with valuations not reflecting business transformations. DeepSeek's AI breakthrough rekindled confidence and demonstrated China's technological capabilities despite US sanctions. | 1211.HK |
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| 2025 Q1 | Mar 31, 2025 | American Century International Growth Fund | 1.9% | 1.9% | 6861.T, 8316.T, 8766.T, AI.PA, ASML, AZN, GLBE, GLE.PA, LSEG.L, NVO, ONON, RACE, RELX.L, SAP, SIE.DE, SONY, TM, TTI | AI, Europe, financials, growth, healthcare, international, Japan, technology | Europe-focused companies are positioned for near-term improvement after a period of slow economic activity with expectations set very low. Signs of moderately improving economic activity and announcement of supportive government spending present companies with near-term opportunities to accelerate from a low baseline. | View | |
| 2025 Q1 | Mar 31, 2025 | Platinum International Fund | 0.2% | 0.2% | ABBV, AZN, BABA, BYD, FANUY, GOOGL, JD, KYCCF, MRK, MUFG, NESN.SW, NTDOY, NVS, SONY, TCEHY, TM, TSM, UBS | China, defensives, Europe, Overweight, Pharmaceuticals, Quality, tariffs, volatility | The Fund maintained an overweight position in Chinese stocks throughout the quarter, benefiting from strong performance in February and early March. Good returns from Chinese holdings led to some profit-taking while retaining strong overweight positioning based on continued economic recovery. | View | |
| 2024 Q1 | Mar 31, 2024 | Platinum International Fund | 6.5% | 6.5% | 005930.KS, AMZN, ASML, AVGO, BEZ.L, DINO.WA, EADSY, GOOGL, IGLOY, META, MU, NFLX, RYAAY, TCOM, TM, TSM, UBSG, UPM.HE, ZEAL.CO, ZTO | AI, global, semiconductors, technology, Travel, value | The fund holds companies that benefit from AI spending including TSMC, Micron, and Broadcom. Their strategy focuses on reasonably-valued businesses that perform well if AI continues to grow but have strong non-AI businesses as downside protection. Overall AI exposure is roughly 14% of the portfolio. | View | |
| 2024 Q1 | Mar 31, 2024 | Platinum International Brands Fund | 0.7% | 0.7% | 0700.HK, 3690.HK, BFIT.AS, GOOGL, HEIA.AS, HLN.L, JD, TCOM, TM, V | China, Consumer Brands, global, positioning, underperformance, value | The fund holds significant positions in Chinese consumer internet businesses including JD.com, Trip.com, and Meituan. These companies benefit from powerful network effects and strong market positions. Recent earnings reports suggest stabilization in the Chinese e-commerce sector. | View | |
| 2024 Q4 | Dec 31, 2024 | Platinum International Fund | 1.0% | 8.0% | 005930.KS, 2318.HK, 700.HK, ALLFG.L, AVGO, CFR.SW, DSV.CO, GOOGL, NICE, TCOM, TM, TRU, TSM, UPM.HE, ZTO | China, global, Long/Short, technology, underperformance, value | Fund holds AI-themed investments primarily in hardware and semiconductor manufacturers that power AI models. Recently added NICE, which provides cloud-based contact centre software with new AI modules that create tangible savings for customers by diverting workloads and assisting in training. | View | |
| 2023 Q4 | Dec 31, 2023 | AVI Global Trust | - | 18.8% | 6201.T, 6861.T, 6971.T, 9009.T, AKER.OL, APO, FMSA, KKR, NWSA, SCHA.OL, TM | activism, Conglomerates, Corporate Governance, discount, Japan, Reform, value | 2023 was a seminal moment in unlocking enormous value trapped in Japanese companies through corporate governance reform. The Tokyo Stock Exchange now requires companies to disclose capital efficiency improvement plans, especially if trading below 1x book value. Toyota Motors partially unwound cross shareholdings in Denso, and the TSE announced further pressure on parent-subsidiary relationships. AGT has consistently maintained about 25% portfolio allocation to Japan with an engaged activist approach, generating +84% JPY total return versus +51% and +67% for MSCI Japan Small and TOPIX respectively since 2017. | View | |
| 2023 Q4 | Dec 31, 2023 | Platinum International Fund | 0.0% | 4.2% | 6479.T, AIR.PA, CATL, GJET.NS, ICE, IFX.DE, PDD, SSNLF, SUZB3.SA, TM, TU, UBS, UPM.HE, ZTO | China, defensives, Electric Vehicles, semiconductors, technology, value | Chinese EV producers have gained competitive advantage by focusing on lower-cost EVs. BYD and CATL are seen as drivers of continuous improvement across the supply chain. While politics may restrict Chinese companies' ability to export to US and European markets, their home market continues to grow strongly. | View | |
| 2024 Q3 | Nov 27, 2024 | Hayden Capital | 13.9% | 37.6% | 1211.HK, APP, CACC, COIN, CVNA, SE, TM, TSLA | AI, Asia, gaming, growth, Hedge Funds, market structure, Multi-Manager, technology | Applovin's mobile gaming advertising platform demonstrates 20-30% long-term growth potential through AI-driven algorithm improvements and expansion into ecommerce. The company controls approximately 30% of the total gaming market and is instrumental in mobile gaming ecosystem monetization. | APP |
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| 2024 Q3 | Nov 26, 2024 | Voss Value Offshore Fund | 7.4% | 8.9% | BWA, BYD, CAVA, LI, NIO, PHIN, RCM, TM, WMT | Auto Parts, Electric Vehicles, Long/Short, market inefficiency, small caps, value | Phinia represents a compelling opportunity as an ICE auto parts supplier benefiting from EV adoption slowdown and competitive withdrawals. The company's Gasoline Direct Injection technology and aftermarket business provide defensive characteristics with growth potential from market share gains. | PHIN |
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| 2024 Q3 | Nov 26, 2024 | Voss Value Fund | 7.6% | 9.5% | BWA, BYD, CAVA, LI, NIO, PHIN, RCM, TM, WMT | Auto Parts, Electric Vehicles, M&A, small caps, valuation, value | Manager believes EV penetration estimates are too optimistic, with BEV market flatlining in US and China and declining in Europe. Consumer surveys show growing disinterest in BEVs, leading to substantial discounts and bloated inventory. This creates opportunities for ICE-focused suppliers like Phinia. | PHIN |
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| 2025 Q3 | Oct 8, 2025 | Orbis International Equity | - | - | ASII.JK, D01.SI, H78.SI, HMC, J36.SI, SBUX, SE, TM | Asia, Conglomerates, consumer, Hong Kong, Indonesia, value | Asian economies are transitioning from export-driven growth to domestic consumption-led models, creating opportunities in undervalued consumer-oriented businesses. This structural shift represents a multi-decade rebalancing that could drive a new virtuous cycle of local consumption and reinvestment. | SE ASII IJ JAR LN |
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| 2025 Q3 | Oct 7, 2025 | North Sky Capital | - | - | 6503.T, 6902.T, F, GM, LLY, RIVN, TM, TSLA | AI, Data centers, Electric Vehicles, Energy Transition, impact investing, infrastructure, Secondaries, Solar | The letter discusses AI as a transformative force affecting every sector they invest in, accelerating growth and enhancing efficiency. AI is driving massive data center power demands, with Deloitte forecasting 30x increase in power usage by 2035. Portfolio company Crusoe Energy is addressing AI data center power needs through innovative battery solutions. | View | |
| 2025 Q4 | Jan 16, 2026 | Richie Capital Group | - | - | AAPL, AMZN, AZN, BABA, BHP, FMG, GOOGL, HD, IBE, LLY, META, MSFT, NFLX, NTDOY, NVDA, RHM, RIO, ROG, SK, SPOT, TCEHY, TM, TSM, XIAOF, XRO | AI, Data centers, emerging markets, geopolitics, rates, technology | The AI revolution is accelerating with technology companies pouring billions into data center construction. Investment in AI is surging but concerns exist that the relentless pace could trigger a sharp market correction. Growth is expected to be underpinned by ongoing AI integration across industries in 2026. | View | |
| 2025 Q4 | Jan 14, 2026 | Greenalpha Investment | - | - | 002594.SZ, 006400.KS, 300274.SZ, 300750.SZ, 373220.KS, 601012.SS, 601766.SS, GE, QS, TM, WOLF | AI, Batteries, China, Energy Transition, geopolitics, infrastructure, Manufacturing, technology | Wind and solar have grown from under 2% to 17% of global power generation in fifteen years. Electric vehicles are approaching 25% of new car sales globally. The cost curves are working and the physics is on our side, but the transition is being won in manufacturing terms by China. AI capabilities are real and consequential, with models now reasoning through complex problems. However, AI operates under constraints and cannot transcend the physical systems in which it must be embedded to create value. The true value lies in System Orchestration rather than generating text. China controls approximately 75% of global lithium-ion battery production, manufactures 90% of the world's neodymium magnets, and dominates solar panels, wind turbines, and grid equipment. China has become the first electrostate while the US remains the world's largest petrostate. China controls the Electric Stack including batteries, magnets, power electronics, and embedded compute. These four technologies show a composite 99% cost decline since 1990. The West's strategic advantage may lie in mastering molecular re-manufacturing and recycling. Power electronics and silicon carbide represent contestable leadership opportunities. Wolfspeed leads globally in silicon carbide substrates with 33.7% market share. The shift to SiC is early enough that leadership remains contestable despite Chinese dominance in other areas. | View | |
| 2024 Q3 | Sep 30, 2024 | Third Avenue Value Fund | 1.2% | 0.0% | 6856.T, 7270.T, BIRG, BMW.DE, BZU.MI, CKHUY, CMA, CPSCF, DB, EZJ.L, LAZ, MBG.DE, SUBCY, TDW, TM, VAL, WMC | Autos, Buybacks, global, Offshore Energy, undervaluation, value | Manager discusses the persistent valuation chasm between cheap and expensive companies in U.S. equity markets, noting that multiples assigned to the least expensive quartile actually declined from 2014-2024. The fund continues to find attractive value in several automotive industry OEMs and other sectors despite the challenging environment for value investing. | 7270.T |
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| 2024 Q2 | Jun 30, 2024 | Contrarius Global Equity Fund | -6.7% | -13.4% | F, NVDA, TM, TSLA, UBER | AI, Autonomous Driving, Electric Vehicles, Energy Storage, Robotics, Tesla, value | Tesla is positioned as the leader in EV transition with superior manufacturing capabilities, vertical integration, and competitive advantages over traditional automakers. The fund sees Tesla benefiting from the inevitable shift from ICE to electric vehicles, with traditional OEMs facing cannibalization of profitable ICE sales with loss-making EV revenue. Tesla has grown market share from 0% to 2.3% with significant runway for continued growth. | View | |
| 2024 Q2 | Jun 30, 2024 | American Century International Growth Fund | 6.6% | 0.0% | 1299.HK, 4063.T, 6861.T, ADYEN.AS, AI.PA, AIR.PA, AKE.PA, ASML, AZN, CRH, EDEN.PA, IFX.DE, JHX, LSEG.L, MC.PA, NESN.SW, NVO, RELX.L, SAP, SRT3.DE, SU.PA, TM, TSM, UBS, UL | Asia, Energy Transition, Europe, healthcare, infrastructure, international, semiconductors, technology | The world's move away from fossil fuels creates opportunities across sectors. Increased demand for electric vehicles and large-scale renewable energy infrastructure projects creates inflection points for well-positioned businesses. AI investment is leading to significant increases in electricity demand to power data centers. | View | |
| 2023 Q1 | Mar 31, 2023 | Leaven Partners | -1.4% | 7.9% | 7502.T, MUFG, SFTBY, TM | Banking, Japan, Quality, ROIC, small caps, value | Japan continues to be a fertile hunting ground for value investors with over 40% of blue chips trading below book value compared to 20% in Europe and less than 10% in the US. Japanese companies have significantly improved their operational efficiency with median ROIC now matching the US and exceeding Europe since 2015. The Tokyo Stock Exchange is pushing companies trading below book value to present formal plans for improving capital allocation. | View | |
| 2024 Q4 | Feb 19, 2025 | Voss Value Offshore Fund | 9.6% | 19.2% | AMTM, CTS.TO, EEFT, FUJHY, J, MBGYY, PLYA, SWI, TM, TSLA | buyouts, Long/Short, M&A, small caps, special situations, value | The fund's main theme for 2025 focuses on small cap M&A and special situations after two years of dismal deal flow. Three quick wins from acquisitions occurred year-to-date: SWI, CTS CN, and PLYA. The manager expects several additional portfolio companies to be acquired as the year progresses. | AMTM FUJHY MBGYY EEFT |
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| 2023 Q3 | Feb 10, 2023 | Absolute Return Partners | 0.0% | 0.0% | TM | Battery, Electrification, energy, innovation, Lithium, technology, Transportation | BTRY's thin-film solid-state battery technology represents a potential breakthrough that could run ten times longer than lithium-ion batteries. The technology uses stacked thin-film cells manufactured through vacuum coating, offering advantages including non-flammable design, faster charging, and better temperature resistance for aviation applications. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 16, 2026 | Substack | Brad Munchen | Toyota Motor Corporation | Automotive | Automobile Manufacturers | Bull | New York Stock Exchange | automotive, consumer demand, Fuel efficiency, gas prices, Japanese carmakers, market share, outperformance, RAV4, Toyota, US market | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Doron Levin | Toyota Motor Corporation | Consumer Discretionary | Auto Manufacturers | Bull | NYSE | — | 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 | $1.7M | 0.00% | 7,800 | -18,600 | -70.45% | 0.0005% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $28.7M | 0.03% | 133,881 | +114,279 | +583.00% | 0.0091% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $45.4M | 0.06% | 211,904 | -14,920 | -6.58% | 0.0143% |
| Israel Englander | Millennium Management LLC | $233.2B | $10.5M | 0.00% | 49,000 | -33,000 | -40.24% | 0.0033% |
| Cliff Asness | AQR Capital Management | $190.6B | $10.4M | 0.01% | 48,529 | +17,132 | +54.57% | 0.0033% |
| Louis Bacon | Moore Capital Management | $6.8B | $5.7M | 0.08% | 26,500 | +26,500 | +100.00% | 0.0018% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $1,070 | 0.00% | 5 | +0 | +0.00% | 0.0000% |