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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q4 | Jan 21, 2026 | Logica Capital | -1.7% | 1.1% | VIX | convexity, Hedging, Options, quantitative, Systematic, Tail Risk, volatility | Manager emphasizes volatility as a structural feature of markets, noting that rare events occur far more frequently than expected. April's volatility event validated their convexity approach, with systematic monetization during stress periods. December saw compressed volatility with VIX hitting year lows, creating buying opportunities despite short-term costs. The fund maintains structural readiness for volatility shocks through long straddle positioning. They increased Vega exposure when models identified favorable risk/reward setups during December's IV decline, accepting higher theta bleed for enhanced convexity and payoff expectancy. | View | |
| 2025 Q4 | Jan 16, 2026 | Boyar Value Group | 0.0% | 0.0% | VIX | fiscal policy, Market Commentary, monetary policy, Sentiment, Speculation, tariffs, Value Investing, volatility | 2025 saw extreme market volatility with the S&P 500 falling 21% from February peak to April low due to tariff concerns, then recovering rapidly. The VIX surged above 50 during the selloff, indicating acute market stress and fear. Tariff announcements dominated market narrative in 2025, with Liberation Day shocking investors with proposed increases. The TACO trade pattern emerged where tariff threats triggered selloffs followed by delays and reversals that fueled rebounds. Speculation resurfaced in 2025 with SPAC IPO issuance exceeding 2023 and 2024 combined. There were more SPAC IPOs (144) than traditional IPOs (86), indicating renewed speculative behavior in markets. Precious metals enjoyed a banner year with gold posting +65% gains, its strongest annual performance since 1979. This outperformance coincided with dollar weakness and global uncertainty. Copper rose sharply by 40% in 2025, reflecting sustained global demand despite broader commodity market divergences. This performance contrasted with energy markets which moved in the opposite direction. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| 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. | ||||||||