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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | Apr 5, 2024 | Ennismore European Smaller Companies Fund | 0.7% | 0.7% | CGD.PA, COST.L, ESNT.L, EVS.BR, IGG.L, JUST.L, MGAM.L, MOL.MI, SPT.L, STEM.L, STO3.DE, VOS.DE, VRLA.PA | Europe, Glass, Long/Short, M&A, small caps, value | European glass manufacturing industry is oligopolistic with high barriers to entry and has experienced significant volume declines in 2023 due to weak consumption and destocking. The manager believes these factors are temporary and expects recovery as destocking ends and economic conditions improve. | VRLA.PA |
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| 2025 Q1 | Apr 30, 2025 | Horos Asset Management | 5.0% | 5.0% | AAPL, AER, ANA.MC, DIA.MC, EAT.WA, ECR.MC, ELE.MC, GCO.MC, JUP.L, LBTYA, MRG-UN.TO, MSFT, NEON, NVDA, PYPL, SDE.TO, SDRL, SEM.LS, SON.LS, VRLA.PA | AI, China, energy, Europe, financials, tariffs, value | DeepSeek's emergence challenged US AI dominance, causing NVIDIA to lose $590 billion in market value. The Chinese company achieved comparable performance to OpenAI's models at 90-95% lower training costs, demonstrating China's engineering efficiency in AI implementation despite US innovation leadership. | View | |
| 2024 Q3 | Oct 16, 2024 | Palm Harbour Capital | 5.1% | 13.5% | CLNX.MC, DAL.L, DAN.MI, GSMI.PS, IBST.L, JST.DE, KRIKRI.AT, MDIA3.SA, OCI.AS, PORT3.SA, SYENS.BR, UNIR.MI, VAR.OL, VRLA.PA | Cash Generation, Cyclical, Europe, small cap, takeovers, value | Portfolio trades at weighted average P/E of 8.9x with 97% upside to estimated NAV. Manager emphasizes buying quality businesses at cyclical lows, citing examples like Unieuro receiving lowball takeover bid during downturn. Focus on cash-generative businesses trading below historical multiples. | MDIA3.SA |
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| 2025 Q1 | Apr 22, 2025 | Palm Harbour Capital | - | - | 4628.T, 6298.T, DAN.MI, ENOG.L, IGT.MI, JST.DE, LTO.MI, NOEJ.DE, OCWN.L, ODET.PA, PPA.AT, SUI.JO, TISG.MI, VRLA.PA | Europe, gaming, small caps, tariffs, Trade Policy, undervalued, value, volatility | Manager extensively discusses Trump's tariff policies as negotiating tactics, believing they won't be fully implemented. Views tariffs as economically irrational and expects deals to be reached to avoid stagflation. | SUI.JO |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Ennismore European Smaller Companies Fund | Verallia SA | Materials | Containers & Packaging | Bull | Euronext Paris | Beverages, cash generation, Containers, Cyclical Recovery, Destocking, European Market Leader, Glass packaging, high barriers to entry, insider buying, margin expansion, Oligopolistic Industry, Share Buybacks, Spirits, Value, Wine | 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. | ||||||||