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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q3 | Sep 30, 2024 | EQUAM Global Value Fund | 0.1% | 4.1% | MIDW LN, VPK NA, WWI NO | European Small Caps, Free cash flow yield, Intrinsic Value, NAV Discount, Takeover Activity | The letter details continued disciplined portfolio rotation, selling holdings that reached target prices and reinvesting in European small and mid-cap companies trading at steep discounts to intrinsic value, driving fund upside potential to approximately 120%, a historic high. Management highlights new investments such as Midwich, trading at double-digit free cash flow yields and below 6x EBITDA, and Millenium Hospitality, acquired at a roughly 45% discount to NAV, illustrating the divergence between price and value. With stabilizing economic growth and initial rate cuts from major central banks, the environment is viewed as supportive for depressed value equities poised for mean reversion. | MIDW LN |
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| 2022 Q1 | Mar 31, 2022 | EQUAM Global Value Fund | -0.6% | -0.6% | ADM LN, DFS LN, HLMA LN, INTER NA, NRO FP, OGN ID, TTK GR, VPK NA | European Small Caps, inflation protection, interest rates, Intrinsic Value, Upside Potential | The letter highlights a cyclical shift in market leadership as rising inflation and higher interest rates drive investors away from expensive growth stocks toward undervalued, stable companies. After years of headwinds from ultra-low rates, value investing is regaining traction as monetary tightening reduces liquidity support for high-multiple assets. The portfolio trades at a significant discount to intrinsic value with upside potential exceeding 90%, supported by resilient cash flows, takeover activity near target valuations, and strong balance sheets across holdings. | NRO FP OGN ID DFS LN |
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| 2024 Q3 | Oct 16, 2024 | East72 Dynasty Trust | 6.3% | 0.0% | 0I76 LN, BOL FP, DUFRY, FRPH, HAL NA, SAFLY, SBFFY, SIETY, THNPY, VPK NA | - | 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. | ||||||||