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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q1 | Mar 31, 2025 | Aristotle Small/Mid Cap Equity | -6.2% | -6.2% | ADC, AGI CN, B, DBI, MTSI, SUM, VVV, WWW | - | View | ||
| 2025 Q4 | Feb 4, 2026 | Aristotle Small Cap Equity Fund | 1.9% | 0.2% | ACHC, AEIS, AER, ATR, AUB, CCRN, CNS, EHTH, GTLS, HAE, HURN, IDA, ITRI, LKQ, MTSI, NUS, PRGO, PTEN, TITN, WWW | Deregulation, Energy Transition, healthcare, M&A, Regional Banks, semiconductors, small caps, value | The fund focuses exclusively on small-cap equities with valuations remaining compelling relative to large caps, with the Russell 2000 Index trading near multi-decade lows on a relative basis. Potential tailwinds include deregulation, lower corporate tax rates, increased M&A activity, continued reshoring of U.S. manufacturing and infrastructure-related spending. Value stocks outperformed growth counterparts during the quarter as the Russell 2000 Value Index returned 3.26% compared to 1.22% for growth. Lower-quality companies outperformed higher-quality companies with factors like high bankruptcy risk, low sales growth, and low price to earnings having the strongest payoffs. MACOM Technology Solutions, a designer and manufacturer of high-performance semiconductor products, was a top contributor with strong quarterly results. The company has meaningful exposure to growing demand from Data Center and 5G end market applications along with domestic manufacturing footprint. Healthcare was the best-performing sector at +18.54% during the quarter. The fund holds positions in companies like Haemonetics in blood management and Acadia Healthcare in behavioral health services, though maintains an underweight allocation as it avoids biotechnology companies due to binary risk. The fund added positions in regional banks including Atlantic Union Bankshares and WesBanco, viewing DOGE-related concerns as creating attractive opportunities. These banks benefit from diversified customer bases, growing market share, and solid balance sheets positioned for trust and deposit opportunities. The fund holds positions in companies supporting power grid modernization through Itron's smart metering solutions and IDACORP's transmission opportunities. These companies are positioned to benefit from critical regional transmission opportunities and grid monitoring solutions. | View | |
| 2025 Q4 | Feb 4, 2026 | Aristotle Small/Mid Cap Equity | 2.3% | 3.0% | AEIS, AER, AGI, AHCO, AUB, BJ, BKU, CIEN, DY, EHC, HASI, HMN, HQY, HURN, IDA, ITRI, MTSI, NOVT, PRGO, PWP, UGI, WWW | Banking, healthcare, industrials, small cap, technology, Utilities, value | AI-related demand is driving strong performance for optical networking equipment manufacturers like Ciena, which is dominating market share for scale across data center projects in 2026. The quarter began with concerns about a potential AI capital expenditures bubble affecting market sentiment. Power grid modernization efforts are driving demand for smart metering and grid monitoring solutions. Companies like Itron are well-positioned to benefit from these infrastructure investments despite some regulatory approval delays. Continued reshoring of U.S. manufacturing is identified as a potential tailwind for small/mid-cap stocks. This trend supports domestic manufacturing capabilities and creates opportunities for industrial companies. | View | |
| 2025 Q3 | Oct 16, 2025 | Platinum International Brands Fund | 1.0% | - | AS, BIRK, WWW | Brand Strength, Consumer Brands, Footwear, quality growth, retail | The fund underperformed amid investor rotation toward AI-driven technology, but Platinum remains confident in brand-based businesses like Birkenstock, Amer Sports, and Wolverine Worldwide. These firms show robust earnings growth, high returns on capital, and long-term resilience versus short-lived tech cycles. Platinum views brand franchises as durable wealth creators with compounding potential once speculative AI enthusiasm fades. | WWW UN AS BIRK LX |
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| 2025 Q4 | Jan 21, 2026 | Platinum International Brands Fund | -3.0% | -1.8% | ALLFG.L, AS1R.HE, BIRK, ELF, FICO, GAM.L, GDMA.SW, GOOGL, ITX.MC, STJ.L, V, WWW, ZTS | AI, brands, consumer discretionary, Consumer Staples, global, retail | AI stocks dominated market gains with the Philadelphia Semiconductor Index rising 45% in 2025, nearly triple the S&P 500's 16%. The AI concentration created headwinds for the fund as these businesses compete on technical specifications rather than brand equity, which falls outside the fund's brand-focused mandate. e.l.f. Beauty represents a key holding that fell 44% this quarter despite strong fundamentals. The company has evolved from a 'dupe' brand to a powerful marketing powerhouse with exceptional brand affinity among Gen-Z consumers and returns on capital exceeding 40%. Wolverine Worldwide, with key brands Saucony and Merrill, fell 32% this quarter. Saucony showed strong growth with 27% sales increase in the most recent quarter, expanding retail footprint beyond specialty running stores to generalized retailers. | ELF WWW |
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| 2022 Q2 | Jun 30, 2022 | Aristotle Small Cap Equity Fund | 7.3% | 9.4% | AZPN, CUBI, HURN, STAR, SUM, UTL, WWW | - | View | ||
| 2022 Q4 | Jan 27, 2023 | Diamond Hill Small Cap Fund | 8.5% | 12.2% | ALGT, BBCP, ESAB, ESGRP, FTAI, GHM, GTES, ODC, RMNI, RRR, TGB, UFPT, WNS, WWW | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 24, 2026 | Fund Letters | Nikola Dvornak | Wolverine World Wide, Inc. | Consumer Discretionary | Footwear | Bull | New York Stock Exchange | brands, Footwear, growth, retail, valuation | 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 |
|---|---|---|---|---|---|---|---|---|
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $9.5M | 0.02% | 525,512 | -77,556 | -12.86% | 0.6334% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $22.3M | 0.03% | 1,230,185 | -485,405 | -28.29% | 1.4828% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $17.6M | 0.02% | 970,763 | +814,457 | +521.07% | 1.1701% |
| Israel Englander | Millennium Management LLC | $233.2B | $21.9M | 0.01% | 1,204,127 | +1,138,691 | +1740.16% | 1.4514% |
| Cliff Asness | AQR Capital Management | $190.6B | $2.1M | 0.00% | 117,191 | +21,199 | +22.08% | 0.1413% |
| Bruce Kovner | Caxton Associates | $3.2B | $1.2M | 0.04% | 55,308 | -45,583 | -45.18% | 0.0815% |
| Mario Gabelli | GAMCO Investors | $10.4B | $2.1M | 0.02% | 115,362 | -1,600 | -1.37% | 0.1391% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $1,143 | 0.00% | 63 | +63 | +100.00% | 0.0001% |