UNH Archives

UNH

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q3	Sep 30, 2025	ACATIS Investment	-	-0.2%	2330 TT, 6920 JP, AMRZ, ANSS, CLS CN, CRM, DWNI GR, HAL, HIMS, HOLX, ICE, ISRG, KGH PW, KRN GR, KVUE, KYGA IR, LRCX, PEP, SNPS, UMI BB, UNH, UPWK, VNA GR, ZAL GR	energy security, fiscal deficits, Global Fragmentation, Industrial Policy, Trade Policy	The report discusses mounting geopolitical fragmentation and policy uncertainty, emphasizing how trade tensions, fiscal imbalances and shifting global alliances are reshaping capital flows and regional growth prospects. Management highlights structural challenges in Europe alongside opportunities tied to industrial policy, energy security and technological sovereignty. In this environment, ACATIS positions portfolios toward globally competitive companies with resilient business models and exposure to long-term structural trends rather than cyclical macro swings.	UPWK UMI BB PEP KGH PW HIMS HAL ZAL GR CLS CN SNPS HOLX ICE KRN GR 2330 TT	View
2023 Q3	Sep 30, 2023	Carillon Eagle Growth & Income Fund	-	-	ABBV, ADP, CVX, ETN, MCD, MRK, NEE, RTX, TEL, UNH	-			View
2025 Q2	Aug 8, 2025	Mott Capital Management Thematic Growth Portfolio	-	0.5%	UNH, ZTS	Artificial Intelligence, earnings momentum, Sentiment, software, technology	The letter focuses on secular technology trends including AI, software platforms, and digital transformation. Management highlights earnings revisions, product cycles, and sentiment shifts as key drivers of stock performance. Tactical positioning is paired with thematic tech exposure.	ZTS UNH MSFT	View
2023 Q2	Aug 4, 2023	Eagle Capital Management, LLC	-	-	AMZN, AON, COF, COP, GOOG, META, MSFT, NFLX, UNH	-			View
2025 Q2	Aug 25, 2025	Davis New York Venture Fund	-	11.5%	UNH	Competitive Advantage, Concentration, Intrinsic Value, long-term, Quality	The letter emphasizes long-term ownership of high-quality businesses with durable competitive advantages and aligned management teams. The fund highlights patience through market volatility, focusing on intrinsic value growth rather than short-term market sentiment. Concentration in proven franchises is positioned as a strength in uncertain macro conditions.		View
2025 Q2	Aug 18, 2025	Baron Durable Advantage Fund	15.6%	7.4%	APH, AVGO, GOOG, META, NVDA, TMO, TXRH, UNH	Competitive Advantage, Intrinsic Value, long-term, Pricing Power, Quality	The letter centers on owning high-quality, competitively advantaged businesses with durable growth characteristics. Management stresses focusing on what will not change over time, such as customer demand and pricing power, while ignoring short-term market noise. Volatility is viewed as a temporary disconnect between price and intrinsic value.		View
2025 Q2	Jul 29, 2025	RiverPark Large Growth	15.0%	6.6%	AAPL, LLY, META, MSFT, NFLX, NVDA, PEP, SBUX, UBER, UNH	Compounding, free cash flow, growth, secular trends, valuation	The commentary highlights selective large-cap growth investing focused on companies with long runways for revenue and free cash flow expansion. Management stresses discipline on valuation despite enthusiasm around secular growth trends. The outlook favors compounding businesses rather than momentum-driven winners.	PEP SBUX LLY	View
2025 Q2	Jul 28, 2025	RiverPark Long/Short Opportunity Fund	10.3%	3.9%	AAPL, MSFT, NFLX, NVDA, UNH	AI, defense, Long-Short Equity, Volatility Management		AAPL NFLX MSFT NVDA	View
2025 Q2	Jul 27, 2025	Carillon Eagle Growth & Income Fund	-	-	ABLV, AVGO, BBY, CV, ETN, JPM, ORCL, TMUS, UNH	Balance Sheets, earnings growth, inflation, selectivity, valuation	The fund commentary focuses on earnings growth and quality balance sheets amid narrow market leadership. Management remains constructive but cautious given valuation and inflation risks. Stock selection is emphasized over macro calls.	ETN	View
2025 Q2	Jul 27, 2025	Hotchkis & Wiley Global Value Fund	6.9%	13.3%	BAB LN, ELV, JPED NA, KHC, NOV, UNH	Balance Sheets, Discipline, free cash flow, valuation, value	The commentary highlights global value opportunities amid market volatility and growth-stock concentration. Attractive valuations, strong balance sheets, and sustainable free cash flow are emphasized as drivers of long-term returns. The manager argues that valuation discipline should benefit as market leadership broadens beyond momentum-driven growth.		View
2025 Q2	Jul 27, 2025	Hotchkis & Wiley Large Cap Fundamental Value	3.4%	5.3%	APA, C, FFIV, KHC, NOV, UNH	active management, healthcare, Large Caps, Value Investing			View
2025 Q2	Jul 27, 2025	Penn Davis McFarland	-	-	UNH	cash flows, inflation, Pricing Power, Quality, Resilience	The commentary focuses on owning high-quality companies that can adapt and grow through inflation, policy uncertainty, and economic volatility. Management emphasizes pricing power, cash flow growth, and reasonable valuations as defenses against macro risk. Long-term optimism is grounded in innovation and corporate adaptability.		View
2025 Q2	Jul 25, 2025	Bretton Fund	2.7%	-	UNH	Competitive Advantage, free cash flow, fundamentals, long-term, Quality	The letter emphasizes owning a concentrated portfolio of high-quality global businesses with durable competitive advantages and strong free cash flow generation. Management stresses patience through volatility, focusing on long-term earnings power rather than short-term macro noise. Quality is positioned as the best defense against uncertainty and the primary driver of compounding returns.		View
2025 Q2	Jul 25, 2025	Ironvine Capital Partners, LLC	-	7.7%	HON, UNH, UNP	-			View
2023 Q2	Jul 25, 2023	Ironvine Capital Partners, LLC	-	14.4%	ADBE, DLTR, HEI, ODFL, UNH	-			View
2025 Q2	Jul 24, 2025	Janus Henderson Forty Fund	19.3%	8.9%	AVGO, HWM, MA, ORCL, UNH	Artificial Intelligence, capital spending, Cloud, Digitization, semiconductors	The letter focuses on durable secular growth themes led by AI infrastructure, cloud computing, and digitization. Management highlights capital spending by hyperscalers and productivity gains across the AI value chain. Stock selection in technology and industrials is positioned to drive long-term compounding.	HWM AVGO ORCL	View
2025 Q2	Jul 23, 2025	Madison Sustainable Equity Fund	6.1%	2.4%	AAPL, DHR, JPM, LLY, MSFT, NEE, ORCL, PGR, TEL, UNH	Esg, Governance, long-term, Quality, sustainability	The letter highlights sustainable investing as a source of long-term risk-adjusted returns. Management emphasizes high-quality companies that effectively manage environmental, social, and governance risks. Sustainability integration is positioned as enhancing durability and capital preservation.	UNH LLY PGR DHR NEE TEL JPM MSFT AAPL ORCL	View
2025 Q2	Jul 22, 2025	Alger Spectra Fund	29.2%	13.0%	AAPL, GLOB, META, MSFT, NVDA, UNH	Artificial Intelligence, Cloud, Data centers, growth, monetization	The letter underscores AI as a dominant secular theme powering earnings growth in large-cap technology leaders. Management highlights data center expansion, cloud adoption, and AI monetization. The outlook remains bullish on AI beneficiaries while selectively shorting structurally challenged businesses.	GLOB UNH AAPL META MSFT NVDA	View
2025 Q2	Jul 22, 2025	American Century Equity Income Fund	-0.3%	-	AOS, BDX, BRK/A, EL, EPD, KVUE, LUV, NEE, UNH	cash flow, defensiveness, dividends, income stability, payout ratios	The letter highlights the role of dividend-paying equities in generating stable income amid macro uncertainty and uneven growth. Management stresses balance sheet strength, sustainable payout ratios, and pricing power to support dividends through cycles. The outlook favors income resilience with moderate capital appreciation.		View
2025 Q2	Jul 22, 2025	Columbia Dividend Opportunity Fund	2.7%	-	K, MCHP, UNH	cash flow, dividends, stability, total return, Yield	The commentary highlights dividend-paying equities as a source of stable total returns amid macro uncertainty. Management favors companies with strong balance sheets and sustainable payout ratios, noting attractive yields in traditionally defensive sectors. Dividend stocks are positioned as resilient if growth slows.	MCHP	View
2025 Q2	Jul 22, 2025	Janes Henderson Strategic Bond Fund	19.3%	8.9%	AVGO, HWM, MA, ORCL, UNH	Bonds, flexibility, high yield, monetary policy, Yield			View
2025 Q2	Jul 22, 2025	Macquarie Large Cap Growth Fund	11.2%	3.6%	AVGO, LLY, MC FP, UNH, WCN	earnings durability, growth, innovation, Pricing Power, scalability	The letter centers on large-cap growth driven by structural earnings expansion and innovation. Management argues that temporary macro headwinds have not impaired long-term growth trajectories of dominant franchises. The strategy emphasizes companies with strong reinvestment opportunities and pricing power.		View
2025 Q2	Jul 22, 2025	Polaris Global Equity	8.4%	12.8%	000660 KS, 8002 JP, GNC LN, JAZZ, LTM, UNH	diversification, fundamentals, Global Equities, Governance, Revaluation	The letter highlights global equity opportunities driven by valuation normalization outside crowded U.S. mega-cap stocks. Management emphasizes diversification, fundamentals, and exposure to markets undergoing structural or political reform. South Korea is cited as a key beneficiary of governance-driven revaluation.	UNH GNC LN 000660 KS 8002 JP	View
2025 Q2	Jul 21, 2025	Davenport Core Leaders Fund	11.1%	7.3%	NVDA, PWR, UNH	Capital discipline, Competitive Advantage, earnings durability, market leaders, Quality	The letter emphasizes owning a concentrated portfolio of high-quality market leaders with durable competitive advantages. Earnings consistency, balance sheet strength, and long-term demand stability underpin portfolio construction. Volatility is viewed as an opportunity to add to core holdings at attractive entry points.	PWR NVDA	View
2025 Q2	Jul 21, 2025	The Bristol Gate U.S. Equity Strategy	-	-	ACN, ATD CN, AVGO, CIGI, EFN CN, ENGH CN, GE, JWEL CN, MCHP, MCK, MMC, TMO, TVK CN, UNH, WCN CN, ZTS	dividends, free cash flow, income growth, Quality, Resilience	The letter focuses on quality U.S. equities with rising dividends and strong free cash flow generation. Management positions dividend growth as a stabilizing factor amid policy uncertainty and market concentration. AI-led growth is acknowledged but balanced with income discipline.	ACN MCK AVGO	View
2025 Q2	Jul 18, 2025	Mairs & Power – Growth Fund	-	1.9%	IDA, JPM, MEDP, META, MSFT, UNH	Competitive Advantage, earnings, innovation, Reinvestment, secular growth	The letter highlights durable earnings growth driven by innovation, market leadership, and reinvestment discipline. Management favors companies with strong competitive advantages and long growth runways. Volatility is viewed as an opportunity to add to high-quality growth franchises.		View
2025 Q2	Jul 17, 2025	Dodge & Cox Stock Fund	3.8%	7.5%	UNH	Discipline, fundamentals, Health Care, Valuation gap, Value Investing	The commentary emphasizes valuation discipline amid elevated market multiples and widening dispersion between growth and value. Management favors high-quality businesses experiencing temporary setbacks rather than structural decline. Health care and financials are viewed as particularly attractive.		View
2025 Q2	Jul 17, 2025	Hardman Johnston Global Equity	16.7%	17.2%	6501 JP, BN, CBK GR, ELAN, HWM, LLY, MELI, MRVL, PRX NA, RHM GR, TEAM, TMUS, TSM, UNH, VRTX	AI Demand, Global Growth, industrials, Margins, stock selection	The commentary emphasizes global growth driven by industrial recovery, defense spending, and AI-related demand. Management highlights strong stock selection in companies with margin expansion, pricing power, and visible growth runways. Regional diversification and sector leadership underpin outperformance.	BN MRVL 6501 JP CBK GR UNH TSM LLY VRTX TMUS MELI RHM GR HWM TEAM	View
2025 Q2	Jul 17, 2025	Hardman Johnston Large Cap Equity	10.6%	3.4%	CW, HWM, UNH, VRT, VRTX	Capital discipline, innovation, Large Cap Growth, margin expansion, secular demand	The letter focuses on sustained large-cap growth driven by margin expansion, innovation, and secular end markets such as AI infrastructure and global industrial modernization. Management stresses owning companies with visible revenue runways and strong capital discipline rather than chasing cyclical rebounds. Growth is expected to persist despite valuation dispersion across sectors.		View
2025 Q2	Jul 15, 2025	Polen Capital – Focus Growth	9.2%	2.3%	AAPL, ADBE, AMZN, IDXX, NOW, ORCL, SBUX, UNH	Concentration, growth, Margins, Quality, Reinvestment	The commentary centers on owning a concentrated portfolio of high-quality growth businesses with durable competitive advantages and long reinvestment runways. Management believes market volatility creates opportunities to add to exceptional companies whose fundamentals remain intact despite valuation compression. The outlook favors consistent organic growth and margin expansion over cyclical or macro-driven outcomes.	UNH AAPL IDXX ORCL	View
2025 Q2	Jul 14, 2025	The Bristlemoon Global Fund	-0.3%	-	APG, CRM, HEM SS, UNH	catalysts, Concentration, risk management, tariffs, volatility	The commentary frames volatility as both a risk and an opportunity within a concentrated, long-short portfolio. Management discusses tariff-driven dislocations, defensive positioning, and redeployment into high-conviction names. Idiosyncratic catalysts are emphasized over macro forecasting.	UNH CRM APG HEM	View
2025 Q2	Jul 11, 2025	Patient Capital Management	15.3%	4.2%	NCLH, QXO, UNH	contrarian, Discipline, dislocation, valuation, volatility	The letter emphasizes deploying capital during periods of fear, volatility, and pessimism when prices diverge sharply from fundamentals. Management highlights that market drawdowns and macro shocks create opportunities to buy durable businesses at attractive valuations. Long-term success is framed as a function of temperament, discipline, and willingness to act against consensus.	QXO IAC UNH	View
2024 Q1	May 7, 2024	Bretton Fund	10.0%	0.0%	UNH	-			View
2024 Q1	May 2, 2024	Madison Sustainable Equity Fund	6.1%	20.1%	AMZN, LLY, UNH	-			View
2024 Q1	Apr 20, 2024	ClearBridge Investments Large Cap Growth Strategy	0.0%	0.0%	PYPL, UNH	-			View
2024 Q1	Apr 18, 2024	The Bristol Gate U.S. Equity Strategy	6.5%	6.5%	AMAT, AMT, AVGO, CTVA, MCK, MMC, UNH, ZTS	-			View
2024 Q1	Apr 15, 2024	L1 Capital International Fund	4.7%	0.0%	GPK, ICE, UNH	-			View
2024 Q1	Apr 15, 2024	Coho Relative Value Equity	0.0%	6.1%	DG, DIS, NKE, PRGO, UNH	-			View
2025 Q1	Mar 31, 2025	Burke Wealth Managament The Focused Growth Strategy	-8.1%	-8.1%	ABT, CHTR, CRM, ICE, NOW, NVDA, TDG, UNH	-			View
2025 Q1	Mar 31, 2025	RiverPark Large Growth	-7.2%	-7.2%	AAPL, AMZN, GOOG, LLY, MSFT, NVDA, SCHW, UBER, UNH, V	-			View
2024 Q1	Mar 31, 2024	Orbis Global Equity	-	-	ELV, HUM, UNH	-			View
2024 Q1	Mar 31, 2024	Carillon Eagle Growth & Income Fund	-	-	AMGN, AMT, AVGO, ETN, JPM, MCD, MDLZ, MRK, MSFT, UNH	-			View
2025 Q4	Feb 8, 2026	Auxier Asset Management	2.0%	15.2%	BK, BRK-A, BTI, C, CAT, CVX, FI, GE, GLW, GOOGL, HD, LOW, MSFT, MU, NOW, PH, QCOM, RTX, UNH, VLO	AI, Banking, Buybacks, defense, energy, healthcare, technology, value	Technology hyperscalers spent close to $400 billion in 2025 on AI infrastructure with potential to reach $527 billion in 2026. However, an MIT study found 95% of generative AI pilots failing to deliver measurable returns, raising concerns about overinvestment similar to the dot-com era. Supply demand dynamics favored US stocks with $1.1 trillion in total stock buybacks versus only $46 billion in IPOs. Energy leaders like Chevron rewarded shareholders with aggressive stock buybacks alongside strong production and growing dividends. Over 100 countries dramatically increased defense spending in 2025, providing a boost for the aerospace and defense sector. Jet engine production and maintenance soared, benefiting firms like Parker Hannifin, GE, RTX and Berkshire's Precision Castparts. In the fourth quarter, investors shifted toward undervalued, high-quality companies with strong free cash flow yields. Healthcare led with an 11.25% catch-up return as its valuation metrics remain at a significant discount to the broader market. Larger banks enjoyed steepening yield curves and robust capital markets activity, with Bank of New York and Citigroup showing strong fundamentals at cheap valuations. JPMorgan predicts a breakout year for IPOs in 2026 with names like SpaceX, OpenAI and Anthropic potentially entering the market.		View
2025 Q4	Feb 8, 2026	SGA – Global Growth	-0.3%	3.1%	1299.HK, 9983.T, ADYEN.AS, ALC, AMZN, AON, ARM, AVGO, BABA, CMG, CP, CRM, DHR, EXPN.L, GOOGL, HDB, INFY, INTU, IT, MELI, META, MSFT, NFLX, NOW, NVDA, SAP, SE, SNPS, SPGI, STE, TSM, UMG.AS, UNH, V, WM	AI, cyclicals, global, growth, Quality, valuation	AI capital expenditure growth is expected to moderate due to structural constraints including power availability, skilled labor shortages, and capital availability limits. Hyperscalers are approaching 90% of operating cash flows for CapEx spending, creating natural constraints on future growth rates. Quality factors including sales stability and high gross margins continued to underperform in 2025 as markets favored cyclical and momentum-driven assets. The portfolio's quality growth companies are trading at historically attractive relative valuations. Market leadership was dominated by momentum and cyclical assets while quality growth strategies faced headwinds. Extreme concentration and momentum effects created significant winners and losers independent of company fundamentals.	INFY NOW ARM MELI MSFT SE NFLX AVGO 9983 JP TSM GOOG	View
2025 Q4	Feb 17, 2026	Cullen Enhanced Equity Income Fund	2.0%	7.5%	AAPL, AMZN, GOOGL, JPM, KVUE, META, MSFT, NSC, NVDA, QCOM, TSLA, UNH, UNP	AI, dividends, growth, healthcare, income, rates, technology, value	The manager discusses the AI boom extensively, noting that hyperscalers continue to escalate capital spending on AI data centers while several Industrial and Utilities companies benefit from the buildout. However, they express concern that markets have already discounted much future AI-driven growth, with $9-$12 trillion of post-2022 market cap gains unexplained by fundamentals. The aggressive AI spending has materially slowed free cash flow and earnings growth for hyperscalers. The strategy focuses heavily on dividend-paying stocks, with a large dividend contribution of 4.1% and total yield of 7.2% for the year. The manager notes that defensive and dividend-oriented sectors are now at multi-decade lows in index weight and investor interest, trading at unusually attractive relative valuations. They believe equity income is becoming increasingly competitive as money market yields decline from their peaks. The manager emphasizes that Value stocks are positioned for outperformance, noting the Growth-to-Value valuation spread is near historical extremes at nearly 100% premium versus the long-term average of 57%. They highlight extreme underweight positioning, elevated valuations in growth, and historically favorable mean-reversion dynamics as creating a compelling setup for value stocks to deliver strong risk-adjusted returns. The Federal Reserve cut rates twice in Q4 to the current range of 3.50% to 3.75%, following a September cut. The manager views the Fed's easing cycle positively for high-dividend stocks, as declining short-term rates should make equity dividend yields increasingly attractive compared to money market funds. They note nearly $8 trillion is currently invested in money market funds with yields falling from peaks above 5% to 3.7%. The manager expresses concern about elevated risk appetite and speculative excess, noting that leveraged ETFs now represent roughly 1% of total ETF assets but account for over 12% of trading volume. They highlight that retail investors now account for roughly 25% of total trading volume, more than twice the long-term average, which has historically served as a signpost of market excess and potential tops.	NSC JPM KVUE UNP UNH QCOM	View
2025 Q4	Feb 12, 2026	Bretton Fund	1.4%	11.6%	AXP, AZO, BAC, BRK-B, DFH, EXP, GOOGL, JPM, MA, MCO, MSFT, NVR, PGR, ROST, RVTY, SPGI, TJX, UNH, UNP, V	AI, Banking, consumer, financials, Housing, technology, value	The fund views the overall market as fairly elevated but not in bubble territory regarding AI, though some parts of the AI craze appear bubble-like. Alphabet's AI chatbot Gemini exceeded expectations and was on par with leading AI models, contributing significantly to performance. The managers are comfortable missing out on highly speculative AI investments while focusing on long-term value. Banks had a strong year due to increased lending, reduced regulation, and moderately high interest rates. American Express cardholders continue spending with high payment rates, while the Platinum Card remains desirable despite competition. Credit and banking environment remained strong throughout the period. Off-price retailers TJX and Ross returned to form after struggling during post-Covid inflation, with strong stock performance. AutoZone faced challenges navigating tariff impacts on earnings, though the consolidated auto parts retail market historically passes through price increases. Consumer spending patterns showed resilience in certain segments. Housing investments had a weak year as high interest rates and hopes for lower rates left potential buyers on the sidelines. Home builders initially held up well when rates first rose in 2022, but continued high rates eventually impacted demand. The managers expect pent-up housing demand to eventually drive performance once the market unfreezes.	RVTY GOOG UNH	View
2025 Q4	Feb 11, 2026	Latitude Global Fund	0.0%	21.0%	AI.PA, ASSA-B.ST, AZO, COR, DEO, DG.PA, DLTR, EIF.PA, GOOGL, ICE, JPM, MCK, RPRX, RYA.L, SHEL, TSCO.L, UNH, V	AI, Buybacks, Europe, growth, healthcare, infrastructure, retail, value	Lower-income Americans continue to feel the squeeze, and local stores like Dollar Tree present unbeatable value and convenience. Their investments in merchandising and distribution are key competitive advantages in a world of tariffs and potential inflation. The company's prospects are bright, especially if we do ever see a rise in unemployment, which tends to benefit discount stores. Healthcare stocks have broadly underperformed the market since the election of President Trump, due to a plethora of regulatory, pricing and tariff risks. However, the distribution model has proven its strong resilience, with companies having meaningfully reduced their dependence on drug pricing. They are in effect a toll road on the US healthcare system and the opposite of economic rent-seeking businesses. Covid, somewhat ironically given the cancellation of so many flights, impacted the industry positively, as around 10% of aircraft were withdrawn from the market due to bankruptcies. Moreover, post-Covid supply chain shocks at Boeing and Airbus mean that the fleet is not going to be replaced any time soon. Ryanair's cost advantage almost doubled from levels in 2019. Google would be best positioned in an AI world, given its vertically integrated model and its pedigree in AI. The AI revenue model is clearly highly uncertain and far from guaranteed, but the likely attributes of winners in this space are data, processing power and distribution. Google dominates all three. Investing in physical assets in a world with an infrastructure deficit, and the potential resurgence of inflation, is very appealing. The requirement for renewed infrastructure investment in Europe is in the early stages, and competition will remain low giving both Vinci and Eiffage a meaningful competitive advantage. Combining low valuations and high cash conversion, our companies will generate around a 7% of their market cap in free cash flow. We expect them to pay an average dividend of 2.6% and are committed to share buybacks of around the same level. This is a 5% annual tailwind to the portfolio's fundamental growth outlook over the coming years.	ICE JPM GOOGL RYAAY RPRX MCK AZO DLTR	View
2024 Q4	Feb 10, 2025	Eagle Capital Management, LLC	-	-	AMZN, COP, HUM, UNH	-			View
2024 Q4	Dec 31, 2024	L1 Capital International Fund	11.4%	29.0%	BKNG, EXP, GPK, HCA, MSFT, NVDA, UNH	-			View
2024 Q4	Dec 31, 2024	Vulcan Value Partners – Large Cap	-0.1%	17.5%	CCK, ELV, HEIA NA, KKR, QRVO, RI FP, RTO LN, SW FP, UNH	-			View
2024 Q4	Dec 31, 2024	Madison Sustainable Equity Fund	-2.1%	17.4%	AAPL, ADBE, BKRP, DHR, ECL, GOOG, JPM, LIN, LLY, NEE, SCHW, TEL, UNH, V	-			View
2024 Q4	Dec 31, 2024	Harding Loevner Global Equity	-	14.5%	ACN, ASML, AVGO, NFLX, NVDA, SU FP, UNH	-			View
2024 Q4	Dec 31, 2024	Mairs & Power – Balanced Fund	-	9.6%	FISV, LLY, MDT, MINN, UNH	-			View
2024 Q4	Dec 31, 2024	RiverPark Large Growth	5.0%	22.3%	ADBE, AMZN, GOOG, LLY, NFLX, NKE, NVDA, SHOP, UBER, UNH	-			View
2024 Q4	Dec 31, 2024	Parnassus Growth Equity Fund	4.9%	26.9%	AKAM, AMAT, AMD, AVGO, AZN, BSX, CRM, DASH, DDOG, EFX, EXAS, FERG, INTU, MC FP, MELI, MSFT, NTRA, NVDA, PCOR, TEAM, TMO, TSM, UNH, VRTX	-			View
2024 Q4	Dec 31, 2024	ClearBridge Investments Large Cap Value	-	-	AVGO, CVS, DE, ELV, MCHP, SRE, UNH, V	-			View
2025 Q3	Nov 8, 2025	ClearBridge Investments All Cap Growth	-	-	AVGO, NTRA, ORCL, UNH, VST	AI, Cloud, infrastructure, semiconductors, software	The letter highlights extreme dispersion between AI winners and AI losers, with cloud providers, semiconductor leaders, and AI infrastructure companies massively outperforming. Application software and IT services names face pressure from perceived AI disintermediation, prompting portfolio shifts toward beneficiaries of AI infrastructure spending. The managers maintain a balanced but upgraded AI exposure while acknowledging persistent macro and geopolitical risks.		View
2025 Q3	Nov 8, 2025	Cullen Value Fund	6.8%	15.9%	BDX, BWA, CI, CMCSA, KVUE, MBGYY, NEE, ORCL, SRE, UNH	Concentration, dividends, growth vs value, Speculation, Valuations	The commentary emphasizes extreme valuation dispersion, with Growth trading at a 110% premium to Valuenear historic highs. AI-driven capex cycles have pushed mega-cap concentration to records, elevating speculative behavior while defensive sectors sit at multi-decade lows. These dynamics create compelling setup conditions for Value and Dividend strategies as sentiment normalizes and earnings growth broadens.	UNH SW BDX	View
2023 Q3	Nov 10, 2023	ClearBridge Investments Large Cap Growth Strategy	0.0%	0.0%	EL, LLY, NKE, NVDA, SE, TGT, UNH, UNP, V	-			View
2025 Q3	Oct 28, 2025	The London Company Income Equity	5.8%	15.4%	AAPL, CMI, DEO, FIS, GLW, NSGRY, NTDOY, PM, TEL, UNH	Artificial Intelligence, dividends, healthcare, income, Quality	The portfolio outperformed its benchmark, led by AI-linked industrial and technology names such as Corning and TE Connectivity. Management added Cummins and UnitedHealth, citing durable advantages, resilient cash flows, and demographic-driven growth in healthcare. Despite near-term volatility, the fund remains focused on dividend yield, quality balance sheets, and steady earnings to preserve capital amid elevated valuations.	UNH TEL GLW UNH TEL GLW	View
2024 Q3	Oct 28, 2024	Parnassus Value Equity Fund	7.3%	13.7%	AMZN, AXP, BIIB, BK, CBRE, CHTR, DHI, GOOG, INTC, MU, ORCL, PGR, SCHW, UNH	-			View
2023 Q3	Oct 25, 2023	Templeton & Phillips Capital Management	0.0%	0.0%	UNH	-			View
2025 Q3	Oct 24, 2025	Mairs & Power – Balanced Fund	-	6.5%	AMZN, ENTG, FI, FUL, JPM, MSI, TECH, TXN, UNH, WFC	asset allocation, Data centers, inflation, tariffs, Utilities	The team keeps a long-term, valuation-disciplined balance across equities and bonds while noting extreme market concentration in AI mega-caps. They highlight a multi-year buildout in power and thermal infrastructure tied to data centers, and added utilities exposure benefiting from that demand. Tariff uncertainty and persistent inflation keep them selective and quality-focused.		View
2025 Q3	Oct 24, 2025	Mairs & Power – Growth Fund	8.0%	10.1%	CGNX, JPM, PANW, UNH	AI, Cloud, cybersecurity, Machine Vision, semiconductors	The portfolio participates in AIs secular adoption while trimming exuberant names; additions in machine vision and cybersecurity target durable, compounding growth. Managers stress that leadership must broaden beyond mega-cap AI and see opportunities in housing recovery and select smaller caps. Stock selection (e.g., TSMC strength, UNH rebound) offset drags from non-AI areas.		View
2022 Q3	Oct 21, 2022	Bretton Fund	10.0%	0.0%	AMNF, AXP, AZO, BRK/A, DFH, GOOG, JPM, MA, MCO, MSFT, NVR, PGR, PKI, PRK, ROST, SPGI, TJX, UNH, UNP, V	-			View
2025 Q3	Oct 20, 2025	Baillie Gifford – International Alpha	6.7%	19.5%	0XXT LN, BHP AU, COIN, EDEN FP, ENSG, ENTG, GMAB DC, MEDP, MSCI, NVO, SHOP, UNH	Artificial Intelligence, Digital Platforms, Global Growth, Healthcare Innovation, semiconductors	The fund highlights AI enthusiasm driving markets to record highs, with holdings like AppLovin, Shopify, and TSMC benefiting from data infrastructure and digital platform growth. Healthcare positions such as Medpace and Novo Nordisk are viewed as cyclical recovery opportunities tied to innovation in clinical trials and obesity drugs. Managers remain focused on global quality growth across sectors despite U.S. market dominance.		View
2025 Q3	Oct 20, 2025	Pelican Bay Capital Management	7.8%	11.2%	CPAY, ELV, EOG, FIS, GOOG, ODFL, UNH	AI, Freight, gold, Health Insurance, value	Pelican Bay reports strong returns from gold miners and AI-linked technology companies, including Barrick and Micron. The fund initiated new positions in Old Dominion Freight and Elevance Health, emphasizing durable competitive advantages, strong balance sheets, and discounted valuations. Management expects normalization in healthcare margins and sees long-term compounding potential in quality value stocks.	ELV ODFL GOOG MU ELV ODFL MU	View
2025 Q3	Oct 2, 2025	LRT Capital Management	-	-0.2%	ABG, CAAP, CCI, CHE, CHTR, CIGI, CM, DRI, FN, GPI, IESC, PBR, RLI, SNEX, SSD, TD, TRV, TTC, UNH, XOM	Hedges, Long/Short, Quality, Shiller PE, small caps	LRT focuses on a systematic long/short approach anchored in high-quality companies trading amid extreme market valuations. The manager highlights elevated index multiples and the opportunity created when quality factors lag speculative leadership. Quality remains compelling as valuation discipline and downside control matter more in late-cycle conditions.		View
2024 Q3	Oct 17, 2024	Kovitz Core Equity Strategy	6.9%	28.7%	AAPL, ADI, AMAT, AXP, BRK/A, DLTR, FI, GM, HAS, J, JPM, KEYS, MSI, PCAR, SCHW, SPOT, UNH	-			View
2024 Q3	Oct 16, 2024	Wedgewood Partners	5.8%	22.4%	AAPL, CDW, CPRT, EW, GOOG, META, MSFT, MSI, POWL, PYPL, UNH	-			View
2023 Q3	Oct 15, 2023	Madison Sustainable Equity Fund	6.1%	20.1%	ADI, DIS, GOOG, HD, J, LLY, NEE, PEP, TXN, UNH	-			View
2025 Q3	Oct 14, 2025	Vulcan Value Partners – Focus Plus	3.7%	6.1%	CRM, GOOG, UNH	Artificial Intelligence, Defensive Growth, healthcare, Quality, regulation	The funds performance benefited from Alphabet and UnitedHealth, both positioned for durable growth and strong cash generation. While Alphabet faced regulatory and AI disruption risks, its fundamentals remain robust. UnitedHealth rebounded sharply as guidance and Medicare ratings stabilized, supporting the case for long-term defensive compounding.	Salesforce Inc UNH US GOOGL US	View
2023 Q3	Oct 10, 2023	Vulcan Value Partners – Large Cap	8.2%	17.6%	DEO, LRCX, MAR, TXN, UNH	-			View
2025 Q3	Oct 1, 2025	ClearBridge Investments Large Cap Growth Strategy	-	-	ACN, AVGO, CMG, DDOG, UNH, UNP, WDAY	AI, Broadcom, Datadog, Oracle, technology	The letter discusses dispersion between AI winners and losers, emphasizing disciplined exposure rather than momentum chasing. Infrastructure software and select cyclicals are positioned to benefit from AI-driven investment. Valuation awareness and diversification remain central.	VRTX US DDOG US ORCL US	View
2025 Q4	Jan 7, 2026	ClearBridge Investments Large Cap Growth Strategy	1.2%	0.0%	ACN, ADBE, ANET, AVGO, CMG, DDOG, EQIX, ETN, GOOGL, ISRG, LLY, MRVL, NVDA, ORCL, PLTR, SBUX, TMO, UNH, VRTX, WDAY	AI, growth, healthcare, large cap, momentum, semiconductors, technology, underperformance	AI spending exceeded expectations with hyperscalers accelerating capex, emergence of OpenAI and Anthropic as major spending sources, and Alphabet selling custom AI chips to competitors. The managers acknowledge underestimating AI spending magnitude and are repositioning with purchases of Broadcom, Marvell Technology, Datadog and Oracle while exiting lower-conviction AI plays. Cloud infrastructure remains central to AI deployment with data center operators like Equinix positioned as later-stage beneficiaries. Oracle's cloud business represents significant upside potential despite current market skepticism, with the company having a large backlog of signed contracts and generating free cash flow. Semiconductor exposure through Nvidia has been a top holding since 2018, with additional positioning in Broadcom for custom silicon chips and Marvell Technology. The managers regret not scaling positions more aggressively in semiconductor beneficiaries during the AI-driven rally. Healthcare positioning was repositioned with purchases of high-quality biotechnology company Vertex Pharmaceuticals, which was a leading contributor in Q4. The managers exited Eli Lilly too early before GLP-1 reimbursement deals and oral treatment readouts drove shares higher.		View
2025 Q4	Jan 30, 2026	Sequoia Fund	0.4%	22.1%	ACN, AHT.L, ALGN, COF, CSU.TO, ELV, ERF.PA, GOOGL, ICE, JEC, META, MSA, RR.L, SCHW, TSM, UMG.AS, UNH	AI, Concentration, defense, healthcare, long-term, Quality, technology, value	Alphabet released Gemini 3 model that soared to top of AI leaderboards, demonstrating the company's full-stack AI capabilities. Google is successfully integrating AI into Search with AI Overviews and AI Mode, showing increased user satisfaction. Accenture faces questions about whether generative AI might upend the IT services industry, though the company's moats remain intact. UnitedHealth and Elevance faced multi-year fundamental pain from rising healthcare utilization and volatile medical costs. The managed care industry is under-earning across most business lines due to repricing challenges and regulatory constraints. Policy risk has increased with renewed scrutiny of industry business practices including prior authorizations and pharmacy benefit management. Rolls-Royce's Defense segment is benefiting from the new threat environment in Europe and resulting surge in defense spending. The company is the sole producer of nuclear power plants for new Dreadnought-class submarines and is developing systems for the Global Combat Air Programme next-generation stealth fighter. Universal Music Group's paid streaming revenue grew at high-single-digit rates driven entirely by subscriber growth. The company signed new agreements with streaming platforms that include wholesale price step-ups, providing incentive for retail price increases. UMG continues acquiring catalogs in developing markets to secure future growth drivers. MSA Safety benefits from growing focus on safety as regulation and employer behavior trend toward higher standards. The company is transitioning to technology-enabled safety equipment with connected portable gas detectors moving to subscription models. MSA is developing connected SCBA solutions for firefighters that should drive significant revenue growth over 5-10 years.	ELV UNH GOOG RR LN ALGN ACN MSA	View
2025 Q4	Jan 30, 2026	Unison Asset Management	0.0%	0.0%	AAPL, AMAT, AXP, BAC, BRK-B, CDW, DE, ELV, GOOGL, JPM, LMT, META, NOC, NU, NVDA, ONON, TSLA, TSM, UNH, WFC	AI, Cloud, Long Term, semiconductors, technology, value	AI continues to assert itself across markets and the real economy in ways that demand to be addressed. The race is for AGI, with wealth accruing to whoever reaches it first. Big Tech's AI spending accounts for roughly 90% of corporate capex and contributes an estimated half of total U.S. GDP growth in 2025. TSMC represents a durable bottleneck in the infrastructure layer—the point of least slack in the global silicon supply chain. All roads lead to TSMC, with approximately 67% share of global foundry revenue and roughly 90% share of leading-edge nodes. Alphabet's cloud business made meaningful progress with revenue expected to reach approximately $57 billion (+32% YoY), while operating profit is projected to nearly double. Revenue backlog is growing faster than reported revenue, underscoring the persistent supply-demand imbalance. By designing proprietary silicon and committing to capital outlays for data centers on a financial scale attainable by only a handful of nation-states, these firms have constructed a physical moat that is, for all practical purposes, unreplicable. On Holding represents a play on the growing scarcity of the real. As digital marketing becomes commoditized and AI floods the world with generic content, value migrates toward physical community and technical prestige. On is selling membership in a curated, physical ecosystem that AI cannot replicate.	AMRZ HOLN SW NU ONON BRK.B TSM GOOGL	View
2025 Q4	Jan 29, 2026	Hotchkis & Wiley Global Value Fund	3.8%	23.8%	AIG, BNP.PA, CMCSA, CRM, ELV, ERIC, FFIV, FISV, GEHC, GOOGL, UNH, USB, WBD, WDAY	AI, financials, global, healthcare, software, technology, valuation, value	The portfolio trades at 13x forward earnings and less than 10x normal earnings, representing attractive valuations relative to the broad market. The fund focuses on opportunities outside the Magnificent 7 where overall valuations remain near average despite elevated market multiples. The fund views AI as more likely to be a tailwind for application software vendors like Workday as they incorporate AI-powered features into their software suites. Google delivered strong new AI products that appear to be taking material share of Consumer Chatbot activity from OpenAI's ChatGPT. The fund has significant exposure to cloud-based enterprise software companies like Workday and Salesforce, which provide human capital management, financial management, and analytics solutions. These companies benefit from sticky customer bases and recurring revenue models.		View
2025 Q4	Jan 29, 2026	Hotchkis & Wiley Large Cap Fundamental Value	4.5%	17.1%	AIG, APA, C, CMCSA, CRM, CRWD, CVS, ERIC, FDX, FFIV, FISV, GM, NFLX, PLTR, UNH, WBD, WDAY, WPP	banks, energy, financials, healthcare, large cap, software, valuation, value	The portfolio trades at 13x forward earnings and less than 10x normal earnings, both in line with historical averages. The manager emphasizes attractive valuations outside the Magnificent 7, with the S&P 500 excluding these stocks trading at 18x forward P/E versus a 35-year average of 17.4x. The fund focuses on undervalued quality businesses with strong fundamentals. Software is the portfolio's largest industry exposure on both absolute and relative basis. The manager views prospects of select software companies as highly compelling, citing sticky customer bases, recurring revenues, and predictable businesses. Major purchases included Workday and Salesforce, which trade at discounts to their own history despite being higher quality businesses. The portfolio's banks returned 13% compared to 6% for the index in Q4, with an average weight of 12% that returned nearly 40% for the year. The manager took capital out of the group as valuations increased. Banks were the top contributing industry to relative performance both quarterly and annually. The portfolio remains overweight in healthcare, noting the sector's return is about half that of the rest of the market over the past decade. Healthcare's P/E ratio is less than 80% of the broad market's P/E, trading at a deeper discount only 8% of the time since 1990. The manager views this as an attractive opportunity given the quality of businesses and growth prospects. Energy exposure spans both exploration & production companies as well as oilfield services. While these businesses are not as structurally attractive as software or healthcare, energy remains among the most attractively valued areas of the portfolio. The group trades at less than 7x normal earnings and offers an expected free cash flow yield of 11%.		View
2025 Q4	Jan 26, 2026	Davis Opportunity Fund	0.0%	22.0%	AMAT, AMZN, COF, CTRA, CVS, DGX, GOOGL, META, MKL, SOLV, TECK, UNH, USB, VTRS, WCC	active management, energy, financials, healthcare, Outperformance, selectivity, technology, valuation	Davis advocates for active management over passive indexing given stretched valuations in major indexes. They believe active managers can be selective at the security level and maintain rational diversification, contrasting with passive indexes where weightings are determined by share price momentum. The fund was opportunistic in healthcare throughout 2025, investing decisively in managed care insurers when operating costs surged unexpectedly. They believe these businesses traded at low multiples on depressed earnings with good recovery potential, as small margin improvements can translate into large percentage increases in earnings power. Holdings span social media, online search, cloud computing and e-commerce including select Magnificent 7 positions. They also own semiconductor companies at reasonable valuations, including picks and shovels businesses like Applied Materials with strong competitive positions and long track records of value creation. The portfolio looks different from major passive indexes in financials. Capital One Financial is a core holding with strong consumer finance, deposit-rich banking, and payment processing capabilities. It trades at only 13-14 times forward earnings despite attractive economics and is the fifth-largest holder of AI-related patents among major US companies. The fund owns stakes in energy and commodities companies that they have been quietly building. Coterra represents their energy business holdings, while Teck Resources reflects interest in select commodities like copper that serve as critical inputs to the electrification trend.	WCC COF UNH	View
2022 Q4	Jan 26, 2023	ClearBridge Investments All Cap Growth	2.7%	-6.5%	AMZN, AVGO, CRWD, DIS, EL, IMGN, MMC, NFLX, NKE, TEAM, TSLA, UNH, V, WOLF	-			View
2024 Q4	Jan 21, 2025	The Bristol Gate U.S. Equity Strategy	-5.2%	9.1%	AMAT, AVGO, BN CN, MCHP, MCK, SJ CN, TFII CN, UNH, ZTS	-			View
2025 Q4	Jan 20, 2026	The Bristol Gate U.S. Equity Strategy	0.0%	0.0%	ACN, AMAT, AVGO, CARR, CTAS, GE, IBKR, LLY, MSFT, ODFL, TMO, UNH, ZTS	AI, dividends, healthcare, Quality, semiconductors, technology, value	Bristol Gate focuses on companies with robust free cash flows and disciplined capital allocation that deliver superior risk-adjusted returns through sustainable dividend policies. Portfolio companies grew dividends by 14.3% over the last twelve months compared to 5.6% for the S&P 500. The firm believes dividend growth rates are powerful predictors of total return and fastest dividend growers often outperform the broader dividend universe. Since ChatGPT's launch in late 2022, the market has experienced a seismic shift with investor capital concentrating heavily in AI leaders, creating narrow market breadth. Bristol Gate devotes significant resources to data science and machine learning in their investment approach, believing in AI's transformative power. However, their focus remains on identifying high dividend growth companies rather than over-concentrating in AI themes. Eli Lilly continues to benefit from the strength of its incretin portfolio, commanding 58% of the US incretin market and exiting Q3 with 71% of new prescriptions. The company raised annual guidance for the third time in 2025, with strength expected to continue into 2026 when its oral GLP-1 drug orforglipron hits the market in Spring. The oral alternative is expected to significantly expand the market globally due to ease of use, simpler supply chain, and lower cost. Applied Materials rose despite mixed results due to AI-driven demand optimism, specifically around advanced logic and high bandwidth memory chips. Management issued cautiously optimistic Q1 2026 outlook and forecast significant uplift in second half of calendar 2026 as spending shifts back toward AMAT's strengths. Analog semiconductor companies have been reporting improving results, signaling a shift in real-world manufacturing and consumer spending.	IBKR ZTS TMO AMAT LLY	View
2025 Q4	Jan 18, 2026	Vulcan Value Partners – Small Cap	1.3%	10.7%	CBRE, CRM, CSGP, FI, GOOGL, ITRN, KMX, MC.PA, MEDP, MSFT, QRVO, RE, RI.PA, RYSG, SSCC, SWKS, TRU, UNH	AI, Buybacks, insurance, Margin Of Safety, Quality, small caps, technology, value	AI is in early stages of disrupting numerous businesses similar to the Internet in the 1990s. The manager notes AI stocks accounted for approximately 61% of the S&P 500's return in 2025. Unlike the dot-com era, some AI leaders are real businesses financing substantial AI investments with self-generated cash flow, though valuations for some are attractive while others may be overvalued. The manager emphasizes following value investing discipline by purchasing only companies from their MVP list with stable values at discounted prices. They focus on businesses with sustainable competitive advantages trading below intrinsic value estimates, with portfolios showing improved price-to-value ratios across all strategies despite positive absolute returns. Small Cap returns have lagged Large Cap for an extended period, with Small Cap Value performing even worse. The manager notes conversations with clients questioning continued Small Cap allocation, spotty sell-side coverage, and an ignored segment creating opportunities. Their Small Cap portfolio remains most discounted with weighted average price-to-value ratio in mid-50s. The manager owns more insurance-related businesses, highlighting opportunities in the sector. They discuss Ryan Specialty Holdings as a commercial excess and surplus insurance broker, and Everest Group as a leading reinsurance company trading at discount to tangible book value despite producing underwriting profits. Share repurchases are highlighted as value-creating when companies buy back stock below intrinsic value. Medpace used strong balance sheet and free cash flow to repurchase over 8% of shares at approximately 50% of estimated intrinsic value, giving shareholders 100% return on each dollar spent on buybacks.	FISV SWKS TRU KMX RYAN	View
2025 Q4	Jan 18, 2026	Vulcan Value Partners – Focus Plus	0.1%	7.1%	CBRE, CRM, CSGP, FI, GOOGL, ITRN, KMX, MC.PA, MEDP, MSFT, QRVO, RE, RI.PA, RYAN, SSNC, SW, SWKS, TRU, UNH	AI, Buybacks, healthcare, insurance, small caps, technology, value	AI is in early stages of disrupting numerous businesses similar to the Internet in the 1990s. The manager believes AI is as real and transformational as the Internet, with approximately 61% of the S&P 500's return in 2025 coming from AI-related stocks. However, concerns exist about paying too much for AI businesses despite their real potential. The manager is finding tremendous opportunities in non-AI related companies that are steadily compounding their values but being ignored by the market. These 'old economy' companies are becoming increasingly discounted while AI stocks dominate returns, creating attractive value opportunities similar to the late 1990s dot-com era. Small Cap returns have lagged Large Cap for an extended period, with the manager noting conversations about whether to continue allocating to Small Caps. The Small Cap portfolio has a weighted average price to value ratio in the mid-50s, representing the most discounted portfolio. Sell-side coverage is spotty to nearly non-existent for many small cap holdings. Share repurchases are highlighted as a key value creation mechanism, with Medpace repurchasing over 8% of shares at approximately 50% of intrinsic value, effectively providing 100% returns on capital deployed. Companies are using strong balance sheets and free cash flow for opportunistic buybacks at discounted valuations.	MSFT CSGP CRM GOOG CBRE RYAN	View
2025 Q4	Jan 18, 2026	Vulcan Value Partners – Focus Plus	0.1%	6.2%	CBRE, CRM, CSGP, FI, GOOGL, ITRN, KMX, MC.PA, MEDP, MSFT, QRVO, RE, RI.PA, RYAN, SSNC, SW.PA, SWKS, TRU, UNH	AI, healthcare, insurance, Quality, small caps, technology, value	Manager emphasizes value investing discipline, focusing on companies trading at substantial discounts to intrinsic value. Portfolio has improved price-to-value ratios across all strategies while delivering positive returns. Small Cap portfolio has weighted average price-to-value ratio in mid-50s, which manager considers incredible in current environment. Artificial Intelligence is disrupting numerous businesses similar to the Internet in the 1990s. AI stocks accounted for approximately 61% of S&P 500's return in 2025. Manager believes AI is as transformational as the Internet but warns against paying excessive valuations for AI-related companies, drawing parallels to dot-com bubble. Small Cap returns have lagged Large Cap for extended period, with Small Cap Value performing even worse. Manager sees this as opportunity, noting sell-side coverage is sparse and segment is ignored and unloved. Small Cap portfolio remains most discounted with weighted average price-to-value ratio in mid-50s. Manager focuses on MVP list of highest quality, most stable value companies in the world with sustainable competitive advantages. Lower quality companies have outperformed higher quality companies, especially in Small Cap, with companies having negative earnings accounting for 28% of Russell 2000 Value Index return. Medpace used strong balance sheet and free cash flow to repurchase over 8% of shares at approximately 50% of estimated intrinsic value. Every dollar spent on share repurchases gave 100% return because they were purchasing at half of estimated fair value, increasing estimated value per share by 29% in single quarter.		View
2025 Q4	Jan 18, 2026	Vulcan Value Partners – Large Cap	-1.5%	7.9%	CBRE, CRM, CSGP, EVER, FI, GOOGL, ITRN, KMX, MC.PA, MEDP, MSFT, QRVO, RI.PA, RYAN, SSNC, STLA, SW, SWKS, TRU, UNH	AI, Buybacks, healthcare, insurance, small caps, technology, value	Manager emphasizes value investing discipline, focusing on companies trading at substantial discounts to intrinsic value. Portfolio weighted average price to value ratio improved to low 60s while maintaining positive returns. Small Cap portfolio has weighted average price to value ratio in mid-50s, representing incredible opportunity in current environment. Artificial Intelligence is in early stages of disrupting numerous businesses, similar to Internet in 1990s. AI stocks accounted for approximately 61% of S&P 500's return in 2025. Manager acknowledges AI as transformational technology but warns against paying excessive valuations for AI-related companies, drawing parallels to dot-com bubble. Small Cap returns have lagged Large Cap for extended period, creating attractive opportunities. Small Cap Value has been particularly weak. Manager notes sell-side coverage of Small Caps is much less robust, leading to ignored and unloved segment. Small Cap portfolio remains most discounted with weighted average price to value ratio in mid-50s. Share repurchases highlighted as value-creating activity when companies buy back stock below intrinsic value. Medpace repurchased over 8% of shares at approximately 50% of estimated intrinsic value, increasing estimated value per share by 29% in single quarter. Every dollar spent on buybacks provided 100% return due to purchasing at half of fair value.		View
2025 Q4	Jan 18, 2026	Vulcan Value Partners – Small Cap	3.2%	9.5%	CBRE, CRM, CSGP, FISV, GOOGL, ITRN, KMX, MC.PA, MEDP, MSFT, QRVO, RE, RI.PA, RYAN, SSNC, STLA, SW.PA, SWKS, TRU, UNH	AI, discount, insurance, Quality, small cap, value	Manager emphasizes value investing discipline, focusing on companies trading at substantial discounts to intrinsic value. Small Cap portfolio has weighted average price to value ratio in mid-50s, representing significant margin of safety in current environment. Artificial Intelligence is disrupting numerous businesses similar to the Internet in the 1990s. AI stocks accounted for approximately 61% of S&P 500 returns in 2025, creating market concentration risks reminiscent of dot-com era. Small Cap returns have lagged Large Cap for extended period, creating attractive opportunities. Manager notes sell-side coverage is sparse and segment is ignored and unloved, often indicating good allocation timing. Portfolio includes more insurance-related businesses including Everest Group reinsurance and Ryan Specialty excess and surplus insurance broker. These companies offer attractive risk-adjusted returns and capital allocation opportunities.	ITRN EG	View
2025 Q4	Jan 18, 2026	Davenport Core Leaders Fund	0.1%	10.7%	AAPL, ACN, ADBE, AMZN, AVGO, CTAS, EOG, GOOG, ISRG, META, MRVL, MSFT, NOW, NVDA, ROK, SPOT, UBER, UNH, UNP, VRTX	AI, diversification, large cap, Quality, risk management, technology, value	AI and technology stocks led market gains in 2025, with Nvidia up 38.87% after a 171.17% gain the prior year. A gold rush mindset developed across the AI ecosystem, spreading to speculative corners including MEME stocks and unprofitable AI/tech companies. However, there are risks around massive capital outlays for computing power and unclear paths to returns. The market was dominated by momentum-driven stories with little regard for valuation, particularly in AI and tech sectors. 18 of the top 20 performers in the Russell 3000 from April through November were unprofitable companies. Jumping on momentum bandwagons proved more fruitful than having differentiated perspectives or being valuation sensitive. The Fund emphasizes high return businesses with durable competitive advantages and management teams committed to long-term capital allocation. Strategy holdings are positioned to consistently compound intrinsic value across market conditions, staying grounded in business fundamentals rather than short-term market trends. The Fund remains purposefully diversified despite market leadership being narrow and focused on AI. This discipline reflects commitment to effective risk management and appropriate diversification, which weighed on relative performance but positions the Fund well for various market scenarios.	MRVL CTAS GOOG	View
2025 Q4	Jan 18, 2026	Mairs & Power – Balanced Fund	0.0%	6.6%	AMZN, CASY, ENTG, FI, GOOG, HD, HON, HRL, JPM, LLY, MSI, NEOG, PFG, RHHBY, ROK, TECH, TGT, TRV, TXN, UNH, USB, WEC, WFC	AI, Balanced, earnings, financials, healthcare, rates, technology	AI and increasing market concentration took center stage in 2025, with the rate of investment in technology and AI infrastructure spending driving market narrative. McKinsey projects nearly $7 trillion in capital expenditures will be needed worldwide by 2030 to build up AI infrastructure. The Fund believes we are entering a transition period for AI, moving into a higher risk phase with flood of capital and unusual financing structures. The consistency of corporate earnings is a major reason for continued stock market strength. The S&P 500 is projected to deliver 12% earnings growth in 2025, while small cap companies are showing their first signs of earnings growth recovery after three years of contraction, posting 13% growth in 2025. The Federal Reserve began cutting rates in the fourth quarter with cooling inflation giving policymakers confidence. Lower interest rates are expected to continue into 2026, which typically takes around a year to feel effects through the economy and would likely support small business hiring and consumer confidence.		View
2025 Q4	Jan 18, 2026	Mairs & Power – Growth Fund	2.7%	10.5%	FI, HRL, ISRG, JPM, MSFT, MSI, NVDA, NVT, RHHBY, TECH, UNH, ZTS	AI, growth, healthcare, large cap, technology, valuation	AI and increasing market concentration took center stage in 2025, driving market narrative with valuations pushing higher and corporate spending accelerating. The fund believes we are entering a transition period for AI with signals the cycle is moving into a higher risk phase given the flood of capital and unusual financing structures. AI-related companies continue to command premium valuations while other sectors remain reasonably priced. This valuation divide continues to guide investment activity, with the fund remaining wary of companies trading at exceedingly high valuations that imply exceptional multi-year earnings growth. The fund added Zoetis focusing on animal health pharmaceuticals with AI integration in R&D processes, and Intuitive Surgical leveraging AI to enhance robotic surgical systems. Both companies represent opportunities to harness AI for long-term competitive advantages in healthcare.		View
2025 Q4	Jan 18, 2026	Magellan Global Fund	0.1%	3.0%	AMZN, ASML, CMG, GOOGL, MA, META, MSFT, NESN.SW, NFLX, NVO, PG, RMS.PA, SAP, TSM, UNH, V, YUM	AI, Cloud, global, growth, Luxury, Quality, semiconductors, technology	AI investment boom driving strong earnings growth expectations of 13-14% in 2026. Portfolio exposed to highest-quality players in AI value chain including cloud providers benefiting from increased AI adoption. Risks include potential slowdown in AI investment growth due to power, labor and material constraints. Amazon AWS showing acceleration in growth and margin expansion from increased capex spend, with notable deals to provide computing to OpenAI. All incumbent cloud providers viewed as winners from increased AI application adoption despite short-term positioning shifts. Hermès highlighted as structurally advantaged business with rare durability built on craftsmanship and restraint. Company has delivered exceptional consistency through cycles with disciplined supply, minimal discounting and limited fashion risk, insulating it from cyclical luxury demand pressures. TSMC performing strongly on continued strength in semiconductor demand for AI applications, described as insane by CEO. Company has cemented dominant position at leading edge and begun mass production of 2nm chips using new Gate All Around transistor architecture.	MSFT GOOG TSM	View
2025 Q4	Jan 18, 2026	Magellan Global Opportunities Fund No. 1	1.3%	13.0%	AMT, AMZN, DEO, DG, ES, GOOGL, LLOY.L, MA, META, MSFT, NESN.SW, SAP, TSM, UNH, ZBH	AI, Cloud, Consumer Staples, global, large cap, Quality, technology	AI continues to drive market leadership with companies like Alphabet demonstrating ability to leverage full stack approach. Microsoft's positioning affected by shifting views on AI leadership via OpenAI relationship. Meta investing heavily in superintelligence initiatives though scaling back Metaverse investments. Amazon AWS showing acceleration in Q3 growth as increased capex delivers returns. Microsoft Azure growth moderating but all incumbent cloud providers viewed as long-term winners. Cloud computing remains structural growth driver. Amazon well-positioned to benefit from structural growth in e-commerce with better-than-feared US consumption trends in December quarter. E-commerce remains key growth driver alongside cloud computing. Nestlé's coffee portfolio through Nescafé and Nespresso brands well-positioned to capture spending shifts across price points. Coffee viewed as attractive category due to experiential nature and brand loyalty, with Nestlé delivering positive volume growth despite high single-digit price increases. Nestlé's Purina line offers products from premium to budget in attractive pet care category. Pet foods benefit from brand preferences and nutrition focus rather than just price, with scale advantages in R&D and feed trials driving innovation.		View
2025 Q4	Jan 14, 2026	L1 Capital International Fund	2.2%	9.8%	AER, AMZN, BKNG, CRH, CRM, DHR, GOOGL, HCA, ICE, INTU, J, LSEG.L, MA, MSFT, TSM, UBER, UNH, V	AI, consumer, Global Equities, Macro, Quality, technology, valuation	AI continues to be a central focal point for stock markets, with companies being labeled as either AI winners or AI losers. The manager believes many perceived AI winners are trading at valuations requiring everything to go right, while some businesses labeled as AI losers present attractive opportunities due to exaggerated concerns. Traditional Quality factor materially underperformed the broader U.S. market by the widest margin since the dot.com boom, providing opportunities to invest in high-quality businesses at attractive valuations. The fund maintains focus on quality businesses with strong competitive moats. Consumer environment continues to be highly mixed with financial pressure building on lower socioeconomic consumers while affluent consumers thrive. This K-shaped economy influences portfolio decisions, steering clear of businesses exposed to less affluent consumers.	ICE LSEG LN INTU CRM TSM AER UBER J	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
2025 Q4	Jan 14, 2026	Wedgewood Partners	-1.8%	4.3%	AAPL, AMZN, BKNG, CB, CDW, CPRT, EW, GOOGL, META, MSI, ODFL, ORLY, POOL, PYPL, SPGI, TSCO, TSM, UNH, URI, V	AI, growth, large cap, Portfolio Management, Quality, technology, valuation	AI continues to drive significant revenue growth across portfolio companies. Google Cloud processes 1.3 quadrillion AI tokens per month, more than double from just a few quarters ago. Meta has been using AI tools for over a decade to manage their massive network, with their Andromeda machine learning system automatically retrieving and ranking tens of millions of potential ads based on user preferences. Taiwan Semiconductor Manufacturing continues to execute flawlessly on leading-edge node progression and capacity build-out, enabling the AI era by manufacturing nearly every compute accelerator including GPUs. The company's advanced nodes allow accelerator designers greater flexibility to increase performance while limiting power requirements in an increasingly power-constrained compute infrastructure industry. Google Cloud segment revenue and backlog growth accelerated, driven by AI workloads. Amazon's AWS has fostered some of the largest businesses in the world over the past 20 years, with revenue growth accelerating to over 20% as the company deployed almost 4 gigawatts of capacity for AI-workloads over the past 12 months. The manager expresses significant concern about excessive market valuations, noting that more than 30% of US market capitalization now trades above 10x sales, reminiscent of the tech bubble. The crowded AI trade and historically rich valuations are described as haunting prudent investing, with even most non-Magnificent Seven stocks failing to offer bargains. The manager has trafficked in quality stocks for more than 33 years, an approach that has served clients well since 1992 but did not work in 2025. The portfolio's fundamentals, prospective earnings growth rates, profitability measures, and balance sheet strength are notably superior to the S&P 500 Index and on par with the Russell 1000 Growth Index.	PYPL TSCO URI MSI META EW ODFL AAPL TSM GOOG CB AMZN	View
2025 Q4	Jan 12, 2026	ClearBridge Investment Growth Strategy	-	-	ALNY, AVGO, DLB, DOCS, ELF, FCX, HLT, HOOD, MSGE, MSGS, ODFL, ONON, SHOP, TEL, TJX, TKO, UNH, VRTX, VST, XPO	AI, balance, growth, innovation, semiconductors, technology, volatility	The letter outlines a balanced growth approach combining participation in AI-driven momentum with downside protection through diversified stock selection. Emphasis is placed on companies with durable fundamentals, innovation-led growth, and disciplined capital allocation. Growth investing is positioned as increasingly selective amid heightened volatility and dispersion.	ELF SHOP	View
2024 Q3	Sep 30, 2024	Mairs & Power – Growth Fund	0.0%	19.0%	KHC, TTC, UNH	-			View
2022 Q3	Sep 30, 2022	Artisan Focus Fund	7.0%	28.7%	ELV, UNH	-			View
2023 Q4	Sep 2, 2024	Bretton Fund	10.0%	0.0%	AMNF, AXP, AZO, BRK/A, DFH, GOOG, MA, MSFT, NVR, PGR, RVTY, RXMD, UNH, UNP, V	-			View
2023 Q2	Aug 8, 2023	Matrix Large Cap Value Strategy	0.0%	0.0%	LHX, UNH	-			View
2022 Q4	Aug 2, 2023	Sequoia Strategy	7.1%	20.8%	BATRA, CACC, CSU CN, ELV, ERF FP, GOOG, ICE, SCHW, UMG, UNH	-			View
2024 Q2	Jul 23, 2024	Mairs & Power – Balanced Fund	0.0%	11.0%	AMP, CASY, HSY, LLY, UNH	-			View
2023 Q2	Jul 23, 2023	L1 Capital International Fund	4.7%	0.0%	AMD, CRH, EXP, IDG GR, MIN AU, MSFT, UNH	-			View
2024 Q2	Jul 22, 2024	Andvari Associates	0.0%	20.3%	AJG, MESA, MTD, ORLY, PM, POOL, UNH, ZTS	-			View
2024 Q2	Jun 30, 2024	NewBridge Large Cap Growth Equity	6.0%	22.4%	CELH, CSGP, LULU, MSCI, NVDA, TT, UNH, VRT	-			View
2023 Q1	May 24, 2023	Alger Spectra Fund	3.2%	32.4%	AAPL, ACHC, LLY, MSFT, NVDA, UNH	-			View
2023 Q1	Apr 21, 2023	Bretton Fund	10.0%	0.0%	UNH	-			View
2023 Q1	Apr 20, 2023	Wedgewood Partners	5.8%	22.4%	AAPL, BKNG, FRC, GOOG, META, PGR, SPGI, TPL, TSM, UNH	-			View
2023 Q1	Mar 31, 2023	RiverPark Long/Short Opportunity Fund	0.6%	11.1%	AAPL, ARNB, EZU, LULU, META, NVDA, SCHW, SHOP, UBER, UNH, XHB, XLI	-			View
2022 Q4	Feb 14, 2023	Bretton Fund	10.0%	0.0%	AXP, BRK/A, GOOG, JPM, MSFT, TJX, UNH	-			View
2022 Q4	Feb 2, 2023	Mairs & Power – Growth Fund	0.0%	19.0%	ECL, GOOGL, TECHNE, TTC, UNH	-			View
2023 Q4	Jan 31, 2024	Sequoia Strategy	7.1%	20.8%	0UMG LN, AHT LN, BAC, CSU CN, ERF FP, GOOG, ICE, KMX, LBRDA, LSXMA, META, NFLX, RR/ LN, SAP, SCHW, UNH	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Mar 17, 2026	Seeking Alpha	Seeking Alpha	UnitedHealth Group Incorporated	Healthcare	Health Insurance	Bull	New York Stock Exchange	AI-driven efficiencies, cost optimization, healthcare, Insurance, investment opportunity, Margin Improvement, medical care ratios, Optum, UnitedHealth Group, value-based care	View Pitch
Feb 21, 2026	Fund Letters	Stephen Dodson	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bull	New York Stock Exchange	cashflow, healthcare, Insurance, Integration, Managedcare	View Pitch
Feb 21, 2026	Fund Letters	James Cullen	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bull	New York Stock Exchange	dividend, managed care, Margins, Medicare, Optum	View Pitch
Feb 4, 2026	Fund Letters	Arman Gokgol-Kline	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bull	New York Stock Exchange	healthcare, managed care, Margins, Policy, Utilization	View Pitch
Feb 4, 2026	Twitter / X	@DeepIceValue	UnitedHealth Group Incorporated	Health Care Providers & Services	Managed Health Care	Neutral	New York Stock Exchange	Contracts, healthcare, Optum, Pbm, Pharmacy, Reimbursement, Transparency	View Pitch
Jan 28, 2026	Fund Letters	Chris Davis	UnitedHealth Group Inc.	Health Care	Managed Health Care	Bull	New York Stock Exchange	Cost Normalization, Healthcare services, managed care, Margins, valuation	View Pitch
Jan 9, 2026	Fund Letters	Peter Bourbeau	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bear	New York Stock Exchange	Disclosure, Execution, Regulation, Sentiment, turnaround	View Pitch
Jan 8, 2026	Fund Letters	Cassandra A. Hardman	UnitedHealth Group, Inc.	Health Care	Managed Health Care	Bull	New York Stock Exchange	Execution, exit, guidance, Investigation, Medical Loss Ratio	View Pitch
Jan 8, 2026	Fund Letters	Dan Davidowitz	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bear	New York Stock Exchange	managed care, margin compression, Medical costs, Regulation, Reimbursement	View Pitch
Jan 8, 2026	Fund Letters	Bernard Horn	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bear	New York Stock Exchange	healthcare, Managedcare, Margins, Regulation, Usa	View Pitch
Jan 8, 2026	Fund Letters	Samantha McLemore	UnitedHealth Group Inc.	Health Care	Managed Health Care	Bull	New York Stock Exchange	Cycle, earnings, healthcare, Insurance, valuation	View Pitch
Jan 8, 2026	Fund Letters	Michael J. Kramer	UnitedHealth Group Inc.	Health Care	Managed Health Care	Bull	NASDAQ	healthcare, Insurance, scale, turnaround, valuation	View Pitch
Jan 8, 2026	Fund Letters	Maya Bittar	UnitedHealth Group Inc.	Health Care	Managed Health Care	Bull	New York Stock Exchange	healthcare, Managedcare, Medicare, recovery, valuation	View Pitch
Jan 8, 2026	Fund Letters	David Steinthal	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bear	New York Stock Exchange	exit, Governance Risk, Healthcare services, Management Quality, Medicare Advantage, Profit Warning	View Pitch
Jan 8, 2026	Fund Letters	C.T. Fitzpatrick	UnitedHealth Group, Inc.	Health Care	Managed Health Care	Bull	New York Stock Exchange	Margins, Medicare, Regulation, Repricing, Scrutiny, turnaround, Utilization	View Pitch
Jan 8, 2026	Fund Letters	George Hadjia	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bull	New York Stock Exchange	healthcare, Insurance, Medicare, turnaround, valuation	View Pitch
Dec 3, 2025	Fund Letters	Ankur Crawford	UnitedHealth Group Incorporated	Health Care	Managed Health Care	Bear	NASDAQ	Costs, guidance, Insurance, Reimbursement, Utilization	View Pitch
Nov 29, 2025	Fund Letters	Achilleas Taxildaris	UnitedHealth Group	Health Care	Managed Health Care	Bull	NASDAQ	dividends, efficiency, growth, healthcare, Insurance, Optum, scale, value-based care	View Pitch
Nov 29, 2025	Fund Letters	Brian Campbell	UnitedHealth Group	Health Care	Managed Health Care	Bull	NASDAQ	Demographics, efficiency, healthcare, Insurance, Margins, Optum, scale	View Pitch
Nov 29, 2025	Fund Letters	James Cullen	UnitedHealth Group, Inc.	Health Care	Managed Health Care	Bull	NYSE	dividends, healthcare, Managedcare, Medicare, Moats, services, turnaround, valuation	View Pitch
Nov 29, 2025	Fund Letters	Stephen Dodson	UnitedHealth Group	Health Care	Managed Health Care	Bull	NASDAQ	growth, healthcare, Insurance, management, Margins, Optum, recovery	View Pitch
Nov 29, 2025	Fund Letters	Freddie Lait	UnitedHealth Group Inc.	Health Care	Managed Health Care	Bull	NYSE	defensive, Eps, healthcare, Insurance, Integration, services	View Pitch
Nov 29, 2025	Fund Letters	Brian Campbell	UnitedHealth Group	Health Care	Managed Health Care	Bull	NASDAQ	Demographics, efficiency, healthcare, Insurance, Margins, Optum, scale	View Pitch
Nov 10, 2025	Seeking Alpha	Seeking Alpha	UnitedHealth Group Incorporated		Healthcare Plans	Bull		healthcare, Insurance, Leadership Change, long-term growth, management action, price weakness, stock rebound, underwriting crisis, UnitedHealth	View Pitch
Oct 23, 2025	Value Investors Club	buggs1815	UnitedHealth Group Inc.	Health Care	Managed Health Care	Bull	NYSE	AI efficiency, Healthcare compounder, Medicare Advantage, Short-tail repricing, Valuation reset	View Pitch
Oct 17, 2025	Seeking Alpha	Seeking Alpha	UnitedHealth Group		Healthcare Plans	Bull		AI implementation, healthcare, management changes, medical cost trends, mispricing, regulatory scrutiny, stock undervaluation, turnaround, UnitedHealth Group, value-based care	View Pitch
Aug 13, 2025	Seeking Alpha	LW Research	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 13, 2025	Seeking Alpha	Kenio Fontes	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 13, 2025	Seeking Alpha	Financially Free Investor	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Julia Ostian	UnitedHealth Group Incorporated	Health Care	Healthcare Plans	Neutral	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Patient Capital Management	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Patient Capital Management	UnitedHealth Group Incorporated	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Danil Sereda	UnitedHealth Group Incorporated	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 8, 2025	Seeking Alpha	Quad 7 Capital	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	A.J. Button	UnitedHealth Group Incorporated	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	Oakoff Investments	UnitedHealth Group Inc.	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	James Foord	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch
Aug 7, 2025	Seeking Alpha	Aiden Mertzel	UnitedHealth Group	Health Care	Healthcare Plans	Bull	NYSE	—	View Pitch

BSD Shareholders of UNH

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.

UNH

UNH

Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of UNH

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: