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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 8, 2025 | Palm Valley Capital Management | 0.8% | 1.4% | CHRD, CRI, DOX, HCSG, HTLD, KELYA, MAN, NWN, PHYS, PSLV, PZZA, RES, SEB, WHG | Cash, energy, inflation, Silver, small caps, Staffing, Trade Policy, value | Small cap stocks have not advanced in four years yet still aren't cheap, with current median P/E for profitable S&P SmallCap 600 members at 19x. The nonfinancial median P/E for profitable S&P 600 small caps is 22x, and median net margins remain well above historical levels. | PZZA RES CHRD HCSG PSLV PZZA RES CHRD HCSG |
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| 2025 Q2 | Jul 31, 2025 | Teton Advisors | - | - | TETAA, TETAB, WHG | Asset Management, Discontinued Operations, Divestiture, Mutual Funds, small cap | View | ||
| 2024 Q1 | Apr 19, 2024 | Palm Valley Capital Management | -0.1% | 4.2% | AAP, AVA, CRD-A, DOX, EQC, GENC, KELYA, LAS.TO, MLR, MSCI, NWN, PHYS, PSLV, SMCI, SSRM, TBI, WHG, WLY | AI, Bubble, Cash, Financialization, gold, small caps, Valuations, value | Small cap valuations remain elevated despite recent volatility, with median multiples still on the high side of pre-QE3 periods. The manager categorizes the small cap universe into three buckets based on quality and valuation, currently focusing on Bucket #3 cyclical or out-of-favor businesses where compensation exists for risks assumed. | NWN |
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| 2025 Q1 | Mar 31, 2025 | Teton Advisors | - | - | GAMI, TETAA, TETAB, WHG | Acquisitions, Asset Management, Financial Services, Mutual Funds, small cap | View | ||
| 2025 Q3 | Nov 17, 2025 | Teton Advisors | - | - | GAMI, WHG | Asset Management, Corporate Restructuring, Discontinued Operations, Investment Advisory, Mutual Funds | View | ||
| 2023 Q3 | Oct 21, 2023 | Merion Road Capital | 5.4% | 11.2% | AMZN, DSGR, GOOGL, KLG, NOW, SUM, WHG | Construction Materials, Consumer Staples, infrastructure, small cap, spinoffs, value | The manager expects construction materials companies to benefit from recently passed infrastructure bills that have yet to truly hit the market. The majority of aggregates and cement products serve public construction needs, positioning the industry to capitalize on government infrastructure investment. | KLG DSGR SUM |
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| 2022 Q4 | Jan 19, 2023 | Merion Road Capital | 5.4% | 11.2% | CPRT, CRMT, FERG, GOOG, MHH, MWA, UBAB, WHG | - | View | ||
| 2023 Q4 | Jan 17, 2024 | Longleaf Partners International Fund | 11.2% | 10.4% | 035420.KS, 1999.HK, 4612.T, AC.PA, BABA, CFR.SW, DHER.DE, DPG.L, EXO.MI, FFH.TO, GLB, GMAB, MLCO, PFD.L, PRX.AS, WHG | Asia, Buybacks, Casinos, China, Europe, Food, Hotels, value | Portfolio focused on high-quality businesses trading at single-digit normalized FCF multiples with strong pricing power. Management emphasizes P/V ratios in high-60s% and disciplined approach to buying discounted companies with margin of safety. | 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. | ||||||||