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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q4 | Jan 9, 2026 | Mountain Vista Wealth Management | 0.0% | 0.0% | AGG, DBB, EMB, ETHA, FBTC, GLD, IVE, IVW, IWM, JNK, QQQ, SPY, TLT, USO, VXUS, XLK, XLP, XLRE, XLU, XLV | AI, Bitcoin, Economic Outlook, ETFs, Federal Reserve, gold, inflation, Market Commentary | A key question for 2026 is whether AI investments will translate into measurable productivity gains and margin expansion beyond the technology sector. The downside scenario involves a reassessment of AI and data center ROI which could trigger sharp corrections in high-flying growth stocks. Companies are investing in technology that allows them to make their existing workforce more productive, representing an AI-driven productivity boom. Inflation remains persistently above the Federal Reserve's 2% target for the fifth consecutive year, though showing signs of cooling on many fronts. Tariffs have pushed up goods prices, causing inflation to remain elevated. The psychological scars of 2021/22 inflation remain despite real wage growth trending up since Q3 2022. The FOMC delivered a 25 basis point rate cut to 3.50-3.75% range with significant division among policymakers. High interest rates and persistently high prices have pushed monthly payments up at a shocking rate relative to income growth. The Fed announced it would begin purchasing shorter-term Treasury securities to maintain ample reserves. Gold delivered exceptional gains consistently as investors sought assets tied to real scarcity and low correlation to financial assets. Persistent geopolitical risk, elevated fiscal deficits, and gradual erosion of confidence in fiat currencies supported sustained inflows. Central banks continued to be net buyers, with gold posting an extraordinary 63.7% annual return. Bitcoin exhibited far greater volatility and a different return profile than gold, experiencing powerful rallies earlier in the year but proving fragile as risk appetite faded. The sharp drawdown in Q4 highlighted Bitcoin's sensitivity to speculative positioning and leverage. Rather than behaving as a defensive hedge, Bitcoin traded more like a high-beta risk asset. | 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 |
|---|---|---|---|---|---|---|---|---|
| David Einhorn | Greenlight Capital Inc | $9.9B | $62.9M | 0.64% | 800,000 | +800,000 | +100.00% | 0.3679% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $23.3M | 0.04% | 300,000 | +266,545 | +796.73% | 0.1259% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $16.5M | 0.02% | 212,200 | -129,100 | -51.39% | 0.0891% |
| Chris Rokos | Rokos Capital Management | $9.9B | $62.9M | 0.64% | 800,000 | +800,000 | +100.00% | 0.3679% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $969,446 | 0.00% | 12,480 | -14,089 | -53.03% | 0.0052% |
| Israel Englander | Millennium Management LLC | $233.2B | $18.0M | 0.01% | 231,143 | -1,425,309 | -86.05% | 0.0970% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $40.4M | 0.06% | 519,568 | -5,727,704 | -91.68% | 0.2181% |
| Cliff Asness | AQR Capital Management | $190.6B | $3.0M | 0.00% | 38,869 | +6,941 | +21.74% | 0.0163% |
| Louis Bacon | Moore Capital Management | $6.8B | $12.4M | 0.18% | 159,022 | +27,748 | +21.14% | 0.0668% |
| $25.6B | $33.9M | 0.13% | 436,328 | +436,328 | +100.00% | 0.1832% | ||
| Rich Handler | Jefferies | $19.3B | $17.6M | 0.09% | 226,476 | +220,470 | +3670.83% | 0.0951% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $133,070 | 0.00% | 1,713 | -134 | -7.26% | 0.0007% |