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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | Apr 15, 2024 | Meridian Contrarian Fund | 6.9% | 0.0% | AXS, BEPC, CACI, CCJ, CRC, FCNCA, NVTS, PRGO, QDEL, SG, SGH, THC, VICI | contrarian, earnings, healthcare, semiconductors, small caps, technology, turnaround, value | Fund holds positions in semiconductor companies including Navitas Semiconductor Corp., which designs and produces highly efficient power semiconductors and leads in Gallium Nitride (GaN) technology. The company overcame significant technological hurdles to create competitive advantages in power efficiency and charging speeds over traditional silicon. | THC SG SGH NVTS BEPC QDEL |
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| 2025 Q1 | Mar 31, 2025 | Miller Howard Investments Income-Equity Strategies | - | - | CMCSA, CMS, CNQ, CSCO, EIX, EPD, EWBC, EXC, GILD, JEF, JPM, KO, LAMR, NTR, ORI, RHI, RY, STAG, TTE, VICI | dividends, financials, income, low volatility, tariffs, Utilities, value | Miller/Howard focuses on high and rising dividend income with over 40% of holdings announcing dividend increases in Q1. The strategy seeks companies with demonstrated earnings power and attractive valuations that can pay good dividends without stretching payout ratios. Portfolio yields 3.8% with strong dividend coverage ratios. | View | |
| 2025 Q1 | Mar 31, 2025 | Cullen Enhanced Equity Income Fund | 5.8% | 5.8% | AAPL, AMZN, BCE, BMY, CVX, DOC, DOW, GOOGL, KDP, META, MO, PM, PNC, RIO, TFC, TRV, TSLA, UPS, VICI, VZ | AI, dividends, growth, income, tariffs, value, volatility | The strategy is positioned for a potential secular shift from Growth to Value stocks, with Value trading at a 94% discount to Growth versus the historical average of 57%. Value defensive sectors like Healthcare and Consumer Staples are trading at historically low valuations, presenting compelling opportunities. | PNC KDP |
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| 2025 Q1 | Mar 31, 2025 | Global High Dividend ADR | - | - | AIBRF, BAESY, CVX, DNBBY, DUK, ENB, ET, IBE.MC, JNJ, KOF, MO, MURGF, NSRGY, NVS, SIE.DE, SVNLY, UNCRY, VICI, VOLVY, ZURVY | dividends, energy, Europe, financials, international, Utilities, value | Following four consecutive years of strong dividend growth, 82% of portfolio companies that declared dividends increased payments by an average of 9.7% year-over-year. Across the entire portfolio, dividend income grew 5.8% year-over-year. The strategy focuses on companies with balance sheet strength and operational resilience to deliver progressive dividend growth over the long term. | 2899.HK DTE.DE AIBG.L UCG.MI ENB.TO |
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| 2025 Q1 | Mar 31, 2025 | BlackRock Core Bond Fund | 2.6% | 2.6% | FANG, GS, JPM, MS, VICI | Bonds, credit, duration, fixed income, MBS, rates | The fund reduced top-line duration from an overweight position to a modest underweight. They preferred the front-end of the yield curve and held a steepening bias, believing the long-end might sell off due to fiscal deficit concerns. Throughout February, the yield curve flattened and rates rallied, causing the underweight position in the belly of the curve to detract from performance. | View | |
| 2025 Q1 | Mar 31, 2025 | Meridian Contrarian Fund | -7.6% | -7.6% | AXS, BEPC, CCJ, CCK, EVRG, FCNCA, HNST, KRNT, NGD, PRGO, PSIX, RDUS, VICI | contrarian, reshoring, small caps, tariffs, turnaround, value | The fund remains focused on identifying businesses that may benefit from long-term structural shifts such as the re-shoring of U.S. manufacturing—a theme they have been investing in for several years and one that gained traction post-pandemic. They note that reshoring and supply chain realignment takes years, so it is not surprising that so far, the beneficiaries have not escaped indiscriminate market volatility. | NGD AXS RDUS CCJ KRNT HNST |
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| 2025 Q4 | Feb 9, 2026 | Shelton Equity Income Strategy | 4.4% | 18.5% | CAH, FAST, GM, GOOGL, HPQ, LRCX, MRK, PYPL, TMUS, VICI | dividends, financials, healthcare, income, Options, technology, volatility | The market experienced turbulence in November marked by concerns about the sustainability of AI-driven investment. Looking ahead to 2026, the AI trade will be in focus as investors may start to expect companies to show returns on the capital being invested in AI infrastructure. The fourth quarter delivered continuation of upside since April, with the market hitting new all-time highs in October before experiencing a shaky November. The Equity Income strategy is positioned to capitalize on volatility and buffer any pullbacks in the near term. | View | |
| 2024 Q4 | Dec 31, 2024 | BlackRock Core Bond Fund | -3.3% | 1.0% | FANG, GS, JPM, MS, VICI | Bonds, credit, duration, fixed income, Mortgages, rates | The fund held an overweight position in top-line duration to balance medium-term fiscal headwinds and perceived policy positions from the incoming U.S. administration. Non-U.S. rates positioning was the most notable detractor as European and U.K. rates sold off in reaction to strong economic data and political uncertainty. The fund shifted to an overweight duration position relative to benchmark as investors scaled back rate cut expectations for 2025. | View | |
| 2023 Q4 | Dec 31, 2023 | Meridian Contrarian Fund | 6.9% | 0.0% | ALEX, AMD, APA, CACI, CCJ, CRC, FCNCA, HNST, LEGN, PINS, PRGO, SGH, TAP, THC, VICI | Biotechnology, contrarian, energy, semiconductors, small caps, turnaround, value | AMD positioned as stronger competitor to Nvidia with compelling technology and superior products to Intel. The company unveiled details about upcoming GPU products for the AI market, with expectations that AMD's GPU servers will be a viable alternative to Nvidia. | PINS HNST AMD ADNT|APA|BPOP|FLR|KOS|OLN LEGN SGH |
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| 2025 Q4 | Jan 24, 2026 | Miller Howard Investments Income-Equity Strategies | 15.6% | 15.6% | ABBV, C, COP, CSCO, EMN, ETR, GILD, GPS, GSK, HRB, HRL, JEF, JNJ, JPM, MPLX, MTB, PAYX, RF, STT, VICI, VZ | AI, dividends, income, productivity, value | AI represents a transformative technology that could drive step-change improvements in economic productivity. The manager believes AI's greatest impact will come from companies using it as an input to improve operations rather than those selling AI products. Many dividend-paying companies in labor-intensive industries could benefit significantly from AI adoption through process automation and efficiency gains. The portfolio focuses on high dividend yields approximately 3x the S&P 500, with strong dividend coverage ratios and projected dividend growth. Six companies increased dividends in the quarter, led by MPLX with a 13% increase. The strategy emphasizes collecting high and rising dividends while compounding real cash returns through disciplined reinvestment. The portfolio trades at significant discounts to the broad market, with P/E ratios 40-42% below the S&P 500. The manager believes many steady-growing companies are overlooked by markets focused on AI winners, creating opportunities in businesses with lower assumed margins and productivity that could benefit from AI adoption. | View | |
| 2024 Q3 | Sep 30, 2024 | Meridian Contrarian Fund | 6.9% | 0.0% | AXS, BEPC, BOWL, BWXT, CACI, CARS, CCJ, EVRG, FCNCA, NVTS, PRGO, PRT, THC, VICI | contrarian, defense, healthcare, small caps, technology, turnaround, value | The fund holds Navitas Semiconductor, a leader in Gallium Nitride technology for power semiconductors. Despite cyclical headwinds in mobile, EV, and solar markets causing revenue guidance to come in lower than expected, the manager increased the position based on confidence in long-term secular outlook for energy-efficient semiconductors and Navitas' technological leadership. | THC CACI KRNT CARS BOWL NVTS |
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| 2023 Q3 | Sep 30, 2023 | Meridian Growth Fund | 6.8% | 0.0% | ALEX, CACI, CCJ, DBRG, FCNCA, PRGO, SGH, TAP, TRMB, VICI | contrarian, energy, financials, small caps, technology, value | View | ||
| 2024 Q2 | Jun 30, 2024 | Meridian Contrarian Fund | 6.9% | 0.0% | AMSC, AXS, BEPC, CACI, CCJ, CRC, CRNC, EYE, FCNCA, PRGO, SGH, THC, VICI | contrarian, healthcare, Renewable Energy, small cap, turnaround, value | Fund employs a contrarian value strategy seeking out-of-favor companies with depressed valuations and visible catalysts for sustainable improvement. The process screens for companies with multiple quarters of earnings declines and identifies those poised for earnings rebounds through turnaround plans or management changes. | BEPC AMSC THC PRGO CRNC EYE |
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| 2024 Q2 | Jun 30, 2024 | BlackRock Core Bond Fund | 5.0% | 4.4% | FANG, GS, MS, VICI | Bonds, credit, duration, fixed income, rates, yield curve | The fund moved to an overweight top-line duration position, mainly by adding to its overweight exposure at the front and belly of the yield curve and moving to a flat position at the back end as economic data softened. Duration positioning detracted in May as rates rallied given softer economic data, but the move to overweight duration exposure in June was unhelpful following a surprisingly strong nonfarm payroll report. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Meridian Small Cap Growth Fund | Vivid Seats, Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | Advertising Market, Competitive pressure, entertainment, live events, online marketplace, Private Equity Overhang, Revenue Growth, Ticket Reseller | View Pitch |
| Jan 9, 2026 | Seeking Alpha | Seeking Alpha | VICI Properties Inc. | Real Estate | REIT - Diversified | Bull | New York Stock Exchange | Acquisitions, AFFO growth, dividend yield, gaming industry, Las Vegas, master leases, online sports betting, real estate investment, REIT, VICI Properties | View Pitch |
| Oct 21, 2025 | Value Investors Club | anton613 | VICI Properties Inc. | Real Estate | Gaming | Bull | NYSE | CPI protection, Dividend Growth, Interest rates, Las Vegas, REIT | View Pitch |
| Oct 7, 2025 | Seeking Alpha | Seeking Alpha | VICI Properties Inc. | REIT - Diversified | Bull | CPI protection, dividend yield, experiential real estate, growth prospects, inflation-linked leases, Las Vegas, master leases, REIT, strategic investments, VICI Properties | View Pitch | ||
| Sep 21, 2025 | Substack | Pacific Northwest Edge | VICI Properties Inc. | Real Estate | REIT - Diversified | Bull | Caesars, Dividend Growth, gaming properties, Las Vegas Strip, MGM, real estate portfolio, REIT, rent escalation, stable investment, triple net lease | View Pitch | |
| Aug 8, 2025 | Seeking Alpha | Julian Lin | VICI Properties | Real Estate | REIT - Diversified | Bear | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Kenio Fontes | VICI Properties Inc. | Real Estate | REIT - Diversified | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Julia Ostian | VICI Properties Inc. | Real Estate | REIT - Diversified | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | The Alpha Analyst | VICI Properties | Real Estate | REIT - Diversified | Bull | NYSE | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Louis Gerard | VICI Properties Inc. | Real Estate | REIT - Diversified | 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 |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||