Selected Tweets

It's time for some tweets.

If you want to share any tweets with me please send me email or dm on twitter.

Thanks for reading.

"Successful investing is anticipating the anticipations of others." John Maynard Keynes

"Money may not buy happiness, but I'd rather cry in a Jaguar than on a bus." Françoise Sagan

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On $IBKC sale to $FHN

1) A little bank stock comparison rant on the heels of $IBKC @IBERIABANK of Lafayette, LA’s sale today to $FHN

Bloomberg goes back to 1996.$IBKC looked like this:
Assets - $624MM
Earnings - $7MM
Equity - $120MM
Book Value / Share $16

— Phil Timyan (@TimyanBankAlert) November 5, 2019

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$FIS, $FISV, $GPN Thread

Terrific write up of $FIS, $FISV, $GPN pro forma for recent mergers by Tien-tsin Huang of JPM, arguably best payments analyst on the Street. Few observations:
1) Business mix favors GPN, growth least reliant on synergies. FIS most diversified, FISV most scale/defensive pic.twitter.com/BIxhNFEhK0

— CORE Dental DDS (@CoreDentalDDS) November 4, 2019

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$UA Thread

Some thoughts on Under Armour $UA $UAA

— CT Capital (@CrowdedTradeCap) November 4, 2019

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Thread about small growing companies $POLA, $EMGC, $ASPS, $BTU, $SD, $STNG, $LPG, $SHIP

I’m amazed at how many small growing profitable companies trade for less than working capital or for less than 5x FCF. Its one of the strangest pricing environments I can remember. also amazed at how most of these keep declining for the past 2 years as small cap gets liquidated https://t.co/Nxim6jgfex

— Kuppy (@hkuppy) November 3, 2019

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$V or $MA - read the whole discussion

Can’t go wrong with either as other have commented, all points already mentioned valid. Ultimately difference boils down to 1) growth vs resiliency and 2) degree of willingness to disrupt vs. preserve the status quo. Some of it is structural, some is due to strategic decisions

— CORE Dental DDS (@CoreDentalDDS) November 2, 2019

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$PIOE Thread

Very un-spooky earnings from P10 Holdings $PIOE this Halloween. https://t.co/Ixd5xKn41f

Now doing 5 cents/share in quarterly free cash flow with shares at $1.35.

— Dave Waters (@alluvialcapital) October 31, 2019

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$W Thread

$W reported earnings this morning. More of the same. Stock down 17% today and it is not surprising to see why, in light of their poor fundamental performance.

Main highlights:
--CAC moves up sharply to $93.3 (!) [1/3] pic.twitter.com/h33lDVEuVa

— Daniel McCarthy (@d_mccar) October 31, 2019

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Chartstravaganza

Chartstravaganza brings the world to life with charts … because the known universe is just too big pic.twitter.com/1CEQB6RdEG

— Plan Maestro (@PlanMaestro) November 3, 2019

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$PUMP Thread

1) We are short ProPetro Holding Corp $PUMP. Full report now available at https://t.co/lOMAMgmy60

— Culper (@CulperResearch) October 31, 2019

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Effortless Stoicism Thread

Effortless Stoicism, a thread.

— James Pierce (@jimmpierce) November 3, 2019

Fund Management Letters

Just reposting with new letters. Have fun reading.

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4th Quarter 2019

• 1 Main Capital Partners - ($ISDR, $RICK, $TSSI, $DPZ)
• 2Point2 Capital
• Admiral Capital Partners Fund - ($CVNA, $GDDY, $GTT).
• Alluvial Capital Management - ($PIOE, $CRAWA, $BUKS, $NUVR, $LICT)
• Alta Fox Capital Management
• Alphyn Capital Management
• Andaz Private Investments
• Andvari Associates
• Appleseed Fund - ($ARDX, $SAVE, $MOS, $SINA, $SNE, $RYAAY).
• Ariel Funds - ($CCL, $NLSN).
• Artisan Global Discovery Fund
• Artisan Mid Cap Fund - ($SWKS, $TW, $CMS, $UA, $ABMD, $ZS, $BURL, $AMD, $ANET, $SERV, $DXCM).
• Artisan Small Cap Fund
• Artisan Value Fund
• Artko Capital - ($MO, $REPH, $GAIA, $RSSS)
• Askeladden Capital
• Baird MidCap Fund
• Baron Asset Fund - ($DXCM, $SAGE).
• Baron Focused Growth
• Baron Growth Fund
• Baron Health Care Fund - ($TMO, $ZBH)
• Baron Discovery Fund - ($PGNY, $ESPR, $SIEN, $SITE, $ICHR, $TXMD, $MRCY, $FSCT, $TCMD, $SCPPF, $OLLI, $BRP, $CDNA).
• Baron Partners Fund
• Baron Small Cap Fund
• Baron Real Estate Fund
• Bernzott Capital Advisors - ($EPAY, $PLOW, $LOGM, $MG, $MIK, $CNK, $CTLT, $EPAM, $AGS).
• Bireme Capital - ($KRG, $DNKN)
• Blue Hawk Investment Group
• Blue Tower Asset Management
• Boyar Group
• Brown Capital Management Mid Company Fund
• Brown Capital Management Small Company Fund - ($VEEV, $GKOS, $TNDM, $SMAR).
• Brown Capital Management International Equity Fund
• Brown Capital Management International Small Company Fund
• Broyhill Asset Management
• Bumbershoot Holdings
• Carillon Eagle Mid Cap Growth Fund
• Citron Capital - ($RH, $PTON).
• Coho Capital
• Comus Investment
• Cooper Investors Global Equities Fund - ($YUMC, $FRRVF, $PTC)
• Curreen Capital
• Dan Wang
• Davis Financial Fund.
• Davis Global Fund
• Davis International Fund
• Davis New York Venture Fund
• Del Principe O’Brien Financial Advisors
• DF Dent Midcap Growth - ($ODFL, $TWLO, $VEEV, $ANSS, $MCO, $CBRE, $VRSK, $VMC, $MKL).
• DF Dent Small Cap Growth
• Diamond Hill Small Cap Fund
• Donville Kent Asset Management
• East 72 Holdings
• Edgebrook Partners - ($APEUF)
• Ensemble Fund - ($PAYX, $BR)
• Evermore Global Value Fund - ($IAC, $MTCH, $ANGI, $STNG, $KRA, $ENZ).
• Ewing Morris Dark Horse - ($LQSIF)
• Ewing Morris Opportunities Fund
• FPA Capital Fund
• Fundsmith Equity Fund
• Gator Capital Management
• Giverny Capital
• GoodHaven Fund
• Greenhaven Road Capital
• Greenlight Capital - ($AER, $AGO, $ATC, $BHF, $CC, $GM, $GRBK, $NFLX, $DXC).
• GreenWood Investors
• Harding Loevner Global Equity
• Harding Loevner International Equity
• Harding Loevner International Small Companies Equity - ($GUZOF, $ALICORC1, $PGENY).
• Harding Loevner Global Small Companies
• Hayden Capital - ($SE).
• Heartland Mid Cap Value Fund - ($LEG, $EXC, $UMBF)
• Heartland Select Value Fund - ($SCHW, $GTS, $CONE).
• Heartland Value Fund - ($TBBK, $AMRC)
• Heartland Value Plus Fund - ($ASB, $PAHC)
• HGC Investment Management - ($GSAC, $DEAC).
• Hoisington Investment Management
• Horizon Kinetics
• Horos Asset Management
• Huffman Prairie - ($PKE)
• L1 Capital International Fund
• Laughing Water Capital
• Lindsell Train
• Long Cast Advisers - ($INS, $QRHC, $CTEK, $SFE, $PESI)
• Longleaf Partners Fund
• Lyrical Asset Management
• Maran Capital Management - ($CLAR, $RNGR, $SDI).
• Martin Capital Management
• Massif Capital
• Merion Road Capital - ($TTWO, $ODP)
• Miller Value Fund - ($FTCH, $ET, $CDEV).
• Moneta Long Short A
• Moneta MultiCaps C
• MPE Capital - ($CACC).
• Nelson Roberts Investment Advisors - ($IBM)
• Oakmark Global Select Fund
• Old West Investment Management - ($GOLD)
• O’Shaughnessy Asset Management
• Palm Harbour Capital
• Palm Valley Capital Fund
• Parnassus Core Equity Fund
• Parnassus Mid Cap Fund
• Polen Capital - Focus Growth - ($ALGN, $CRM, $ABT, $NOW, $ORCL).
• Polen Capital - Global Growth - ($MSFT, $BABA, $ABT)
• Polen Capital - International Growth
• Polen Capital - International Small Company Growth
• Polen Capital - U.S. Small Company Growth
• RF Capital Management
• RGA Investment Advisors - ($ANGI, $DBX, $GRUB, $TWTR)
• RiverPark Large Growth Fund - ($AAPL, $UNH, $BX, $MSFT, $ADSK, $SDC, $TWTR, $NOC, $TDC, $TWLO).
• RiverPark Long/Short Opportunity Fund
• RiverPark/Wedgewood Fund - ($GOOG\$GOOGL, $BKNG, $CPRT, $FLT, $SPGI, $TSCO).
• RLT Capital
• RMB  Fund
• RMB Small Cap Fund
• RMB SMID Cap Fund
• Saber Capital Management
• Saga Partners - ($TTD, $LIMAF, $FB, $LGIH, $VSEC, $CVNA)
• Saturna Capital
• Saturna Capital - AmanaFunds
• Saturna Capital - Sextant Funds
• Semper Augustus
• Sequoia Fund
• Silver Ring Value Partners
• Smead Value Fund
• Social Capital
• Spree Capital - ($RST, $MTCH, $FERGY).
• Summers Value Fund - ($TARO, $EGRX, $ELMD)
• Tao Value
• TGV Rubicon Fund
• Third Avenue Real Estate Value Fund - ($GPOR.L, $HHC, $PSA, $VNO, $SRG, $FPH).
• Third Avenue Small-Cap Value Fund
• Third Avenue Value Fund - ($BMWYY, $DB, $MAC).
• Third Point
• Turtle Creek Equity Fund
• Tweedy, Browne Funds
• Tyro Capital Management - ($MO, $REPH, $SKY, $SMCI, $MTCH, $UBSFF, $BXC, $MYOV)
• Upslope Capital Management - ($FOCS, $DLTR)
• Vilas Fund
• Vltava Fund
• Wasatch Core Growth Fund
• Wasatch Micro Cap Fund
• Wasatch Micro Cap Value Fund
• Wasatch Small Cap Growth Fund
• Wasatch Small Cap Value Fund
• Wasatch Ultra Growth Fund
• WCM Global Growth
• Wedgewood Partners - ($GOOG\$GOOGL, $BKNG, $CPRT, $FLT, $SPGI, $TSCO).
• Weitz Hickory Fund
• Weitz Partners III Opportunity Fund - ($SIRI, $LSXMB, $EVREF).
• Weitz Partners Value Fund
• Weitz Value Fund
• White Brook Capital
• White Crane Capital
• Wolf Hill Capital - ($CNR, $REGI, $WTSHF)
• Worm Capital

3rd Quarter 2019

• Alluvial Capital Management - ($SYCRF, $LICT, $NUVR, $APTL, $NORSA, $PIOE, $MHGU, $ITD.IM, $EDAC.IM, $SIO.IM)
• Alphyn Capital Management
• Alta Fox Capital Management - ($KRMD, $KYYWF, $STKS)
• Andaz Private Investments - (CBS.B, $VIAB)
• Andvari Associates
• Appleseed Fund - ($SINA, $WB, $MOS, $SAVE, $ARDX, $SNE, $RYAAY)
• Arquitos Capital - ($MMAC, $WEDXF)
• Ariel Funds - ($BX, $BWA, $DIFTY, $ZBH)
• Artisan Mid Cap Fund - ($ALXN, $EXAS, $GDI, $GWRE, $CTLT, $BURL, $PAGS, $LHX, $ANET, $ASND)
• Artisan Small Cap Fund
• Artko Capital - ($FTK, $LEAF, $SKY, $USAT, $EEI, $SPAR)
• Askeladden Capital
• Baron Asset Fund - ($CCC)
• Baron Focused Growth
• Baron Growth Fund
• Baron Health Care Fund - ($TMO, $ZBH)
• Baron Discovery Fund - ($TXMD, $FND, $TREX, $MRCY, $KNSL $VRAY, $SILK, $BE, $CDNA, $TPIC, $MDLA, $PING, $WMS, $VRNS, $INGN)
• Baron Partners Fund
• Baron Small Cap Fund - ($CDAY, $CCC, $COLD)
• Bernzott Capital Advisors - ($MINI, $SP, $PLOW, $OI, $AGS, $QUOT,$ CTLT, $EPAM, $KN, $CLDR, $AGS, $GNRC)
• Bireme Capital - ($HCA, $COKE)
• Blue Hawk Investment Group - ($SFIX, $GRUB, $MTCH, $NFLX)
• Blue Tower Asset Management - ($EZPW)
• Bonhoeffer Capital Management - ($TOO, $CAMB.LN)
• Brown Capital Management Small Company Fund - ($TYL, $MANH, $ABMD, $INGN)
• BrownCapitalManagement Mid CompanyFund - ($EW, $TYL, $ALGN, $ULTA, $MKTX, $CRL, $JBHT)
• BrownCapitalManagement International Equity Fund - ($CZMWF, $ESLOY, $QGEN, $IPSEF, $MONOY)
• BrownCapitalManagement International Small Company Fund
• Choice Equities Fund ($RUBI, $BXC, $HOME, $QMCO)
• Compound Everyday Capital
• Compound Money Fund
• Comus Investment
• Cooper Investors Global Equities Fund - ($IPGLF, $NVST, $A, $FRC)
• Curreen Capital - ($GTX, $KTB, $MFGP, $BLD)
• Davis Financial Fund
• Davis Global Fund - ($JD, $AMAT)
• Davis New York Venture Fund
• Del Principe O’Brien Financial Advisors
• Desert Lion Capital
• Diamond Hill Small Cap Fund
• East 72 Holdings - ($ECVTF, $DTLA, $FFXDF, $VULC, $PICO)
• Ensemble Fund - ($MA, $TIF)
• Evermore Global Value Fund
• Ewing Morris
• Fiduciary Management  FMI Large Cap - ($HDS)
• Firebird Management - ($LNC, $GES)
• Focused Compounding Capital Management - ($NC, $CSVI, $TPHS, $KEWL, $MLP)
• Forager Fund
• FPA Crescent Fund
• FPA Capital Fund - ($AMBA, $NBL, $DAN, $IDCC)
• Gator Capital Management
• Greenhaven Road Capital - ($NTDOY, $CSSE, $KKR, $BXC, $APPS, $PAR, $SHSP, $GIGRT, $GIGWS)
• Greenlight Capital - ($NFLX, $TSLA, $CC)
• GreenWood Investors
• Goehring & Rozencwajg
• Hayden Capital - ($CACC)
• Heartland Mid Cap Value Fund
• Heartland Select Value Fund - ($SAFM, $MHK, $CVS)
• Heartland Value Fund - ($VST, $LNDC)
• Heartland Value Plus Fund
• Heller House Opportunity Fund - ($SHOP $WORK $ROKU)
• Horizon Kinetics
• Lightsail Capital Management
• Lindsell Train
• Long Cast Advisers - ($QRHC, $PSSR, $SIFY, $INS, $CTEK, $TBTC)
• Longleaf Partners Fund - ($CTL, $GOOG, $GOOGL, $CMCSA, $GE, $FDX, $FRFHF)
• Maran Capital Management - ($CLAR, $RCMT)
• Massif Capital - ($DO, $TOO, $EAF, $DE, $UNP, $CSX, $NCLH)
• Merion Road Capital - ($HXL, $IAA, $TRNS)
• Meson Capital
• Mittleman Brothers
• Nelson Roberts Investment Advisors - ($SIVB, $SCHW, $AKAM, $PFE, $DLR)
• Oakmark Global Select Fund - ($GOOG, $CHTR, $DDAIF, $APA)
• Old West Investment Management
• Palm Valley Capital Fund - ($CRD.B, $CRD/B, $GENC)
• Polen Capital - Focus Growth - ($ALGN, $IT, $MSCI)
• Polen Capital - Global Growth - ($ALGN, $ABT, $SGSOY)
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth - ($TREX, $FND, $LMAT, $FOXF, $OLLI, $TREE, $APPF, $ALTR)
• Polen Capital - International Small Company Growth
• Rangeley Capital - ($CHTR)
• RF Capital Management - ($FL, $GAPFF, $ZAGG, $GME, $GTX)
• RGA Investment Advisors
• RiverPark Large Growth Fund - ($GOOG, $BX, $AAPL, $NOC, $EQIX, $EXAS, $ALGN, $AMZN, $SDC, $ULTA, $TWLO)
• RMB Core Equity Fund
• Rockvue Capital - ($UAA, $FOX)
• Saber Capital Management
• Saga Partners - ($VSEC)
• Seven Canyons World Innovators
• Spree Capital - ($CFX, $CARS)
• SRK Capital
• Summers Value Fund - ($SLGD, $BSTC, $ELMD)
• Tao Value
• Third Avenue Real Estate Value Fund - ($CLNY, $GWW, $HNGKY)
• Third Avenue Small-Cap Value Fund - ($CTB, $SAFM)
• Third Avenue Value Fund
• Third Point Offshore Fund - ($ESLOY, $SNE)
• Tollymore Investment Partners - ($GRUB)
• Tweedy, Browne Fund - ($KRNTY, $FOX $FOXA, $TBABF, $BIDU)
• Upslope Capital Management - ($IT)
• Vilas Capital
• Vltava Fund - ($BRK.A, $BRK.B, $SBRCY, $BMWYY)
• Wedgewood Partners - ($CDW, BRK.B, $NVDA, $ULTA)
• Weitz Value Fund
• White Brook Capital - ($BOX, $GRPN)
• Worm Capital

2nd Quarter 2019

• Alluvial Capital Management - ($SYCRF, $NUVR, $MMAC, $RAMPF, $CLWY, $CMLS, $FTR)
• Alphyn Capital Management
• Alta Fox Capital Management - ($PAYS, $KWS, $NTDOY)
• Andvari Associates - ($MLAB, $UPLD, $APPN, $BL, $WDAY, $TYL)
• Appleseed Fund - ($CRTO, $SINA)
• Ariel Funds - ($LAZ, $TAP, $MTSC)
• Arquitos Capital - ($SYTE, $MMAC)
• Artisan Mid Cap Fund
• Artisan Small Cap Fund
• Artko Capital - ($CCNI, $JYNT, $WFCW, $FLL, $NRCGW)
• Askeladden Capital - ($FC, $AER, $DLTH, $LGIH, $SFM, LQDT)
• Baron Growth Fund - ($CSGP, $MSCI, $IDXX, $SSNC, $BNFT, $IRDM, $FDS, $ACGL, $RRR, $TWOU, $CVET, $ADPT, $ALEC)
• Baron Focused Growth - ($CSGP, $FDS, $ACGL, $CHH, TSLA, $BNFT, $MANU)
• Baron Small Cap Fund - ($IDXX, $JBT, $SITE, $TTD, $BFAM, $GTT, $RRR, $CISN, $PRA, $CVET, $TREX)
• Bernzott Capital Advisors - ($CTLT, $GNRC, $BV, $CLDR, $SSTK, $MIK, $EPAM, $SNPS, $LOGM, $INOV, $CARB, $MINI)
• Bireme Capital
• Blue Hawk Investment Group - ($MTCH, $GRUB, $TRIP)
• Blue Tower Asset Management - ($CNR)
• Bonhoeffer Capital Management - ($TOO, $GTN)
• Brown Capital Management Small Company Fund
• BrownCapitalManagement Mid CompanyFund
• BrownCapitalManagement International Equity Fund
• BrownCapitalManagement International Small Company Fund
• Choice Equities Fund - ($DEST, $BXC, $PAR)
• Coho Capital - ($GDDY)
• Comus Investment
• Cooper Investors Global Equities Fund - ($FISV, $FRRVY, $FRRVF, $TTNDY)
• Curreen Capital - ($KTB)
• Desert Lion Capital
• East 72 Holdings - ($AFTPF, $ADS)
• Ensemble Fund - ($BR, $SBUX, $FAST, $FRC, $GOOG)
• Evermore Global Value Fund - ($DIS, $BORR, $STING)
• Ewing Morris
• Fiduciary Management  FMI Large Cap
• Firebird Management - ($BV, $KSS)
• Focused Compounding Capital Management - ($NC, $CSVI)
• FPA Crescent Fund - ($ALGT, $XEC, $MKSI)
• FPA Capital Fund - ($ALGT, $XEC, $MKSI)
• Greenhaven Road Capital - ($KKR, $APPS, $PAR, $SHSP, $ETSY, $NTDOY)
• Greenlight Capital
• GreenWood Investors
• Hayden Capital - ($CMPR, $JD)
• Heartland Value Fund - ($RDN, $VST, $CALX)
• Lightsail Capital Management
• Long Cast Advisers - ($QRHC, $DAIO, $SIFY, $INS, $CTEK, $TBTC)
• Longleaf Partners Fund - ($CMCSA, $GE, $AMG, $CTL, $HCMLY\$HCMLF, $CHKGF, $CNHI, $FDX, $MAT, $CNX) - ($CBLLF, $DE)
• Maran Capital Management - ($CLAR, $WLK, $BXC, $SVIN, $BH)
• Mar Vista Investment Partners
• Massif Capital - ($CBLLF, $DE)
• Merion Road Capital - ($IAA, $KAR, $MHH)
• Mittleman Brothers
• MPE Capital
• Nelson Roberts Investment Advisors - ($ROP, $DLR, $PFE) 
• Palm Valley Capital Fund - ($CRD.A\$CRD.B, $CWGL, $NGS, $WMK, $UG, PTVCA\PTVCB, $AE, $DOX, $SCHL, $GENC)
• Pershing Square Holdings
• Polen Capital - Focus Growth
• Polen Capital - Global Growth
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth
• Polen Capital - International Small Company Growth
• RGA Investment Advisors
• Rhizome Partners
• RiverPark Large Growth Fund - ($ADBE, $AMZN, $FIVE, $ISRG, $GOOG\$GOOGL, $FB, $AAPL, $BX, $EXAS, $MSFT, $DIS, $PANW, $TDC, $ADSK, $COG)
• Rockvue Capital - ($EAF, $TH, $UAA)
• RV Capital
• Saber Capital Management - ($FB, $WFC)
• Saga Partners - ($TTD, $LIMAF, $FB, $TRUP, $UA)
• Spree Capital - ($CVET, $BB, $QCOM)
• Stanphyl Capital Management - ($TSLA, $AVNW, $WSTL)
• Summers Value Fund - ($EGRX, $BSTC, $ELMD)
• Third Avenue Real Estate Value Fund
• Third Avenue Small-Cap Value Fund
• Third Avenue Value Fund
• Tollymore Investment Partners - ($BID)
• Upslope Capital Management - ($FLIR, $HGV, $COKE, $PACK)
• Vltava Fund - ($AN)
• Wedgewood Partners - ($ALC, $BRK.B, $SCHW, $CTSH, $EA, $MSI, $ODFL)
• Weitz Value Fund

1st Quarter 2019

• Alluvial Capital Management - ($NUVR, $LICT, $APTL, $IEHC, $HICKA)
• Alta Fox Capital Management - ($TPNL - $PAYS, $JYNT, $RMBL, $STKS). Full Pitch on $STKS)
• Andvari Associates - ($UPLD, $TLRA, $WDAY, $V, $MA, $TYL, $MKL)
• Appleseed Fund - ($SKM, $ERJ)
• Ariel Funds - ($AXE, $KMX, $ZBRA)
• Arquitos Capital - ($SYTE, $MMAC, $WEDXF)
• Artko Capital - ($REPH, $NRCGW, $GAIA, $EEI, $LEAF)
• Baron Funds
• Baron Growth Fund - ($CSGP, $MSCI, $SSNC, $IRDM, $ANSS, $NEOG)
• Baron Focused Growth - ($CSGP, $FDS, $H, $IRDM, $GWRE, $TSLA, $BNFT, $CHH)
• Baron Small Cap Fund - ($TTD, $TDG, $FND, $GWRE, $HUD, $OEC, $PRTY, $BJRI, $CCC, $OSW, $CCX.U)
• Bernzott Capital Advisors - ($EPAM, $SSTK,$VRNT, $MIK, $QUOT, $MG, $BV)
• Bluehawk Investors - ($MTCH, $FND)
• Bireme Capital - ($AAPL, $BKNG)
• Brown Capital Management Small Company Fund
• BrownCapitalManagement Mid CompanyFund
• BrownCapitalManagement International Equity Fund
• BrownCapitalManagement International Small Company Fund
• Choice Equities Fund - ($RUBI, $USX)
• Compound Everyday Capital
• Comus Investment
• Cooper Investors Global Equities Fund - ($SHMZF, $APH, $FRRVY, $FRRVF, $DHR, BAM, $SAPIF)
• East 72 Holdings - ($ING, $MKL, $Y)
• Ensemble Fund - ($LSTR, $GOOG, $GOOGL)
• Evermore Global Value Fund - ($BDRBF, $KRA)
• Ewing Morris
• FPA Crescent Fund
• FPA Capital Fund
• Greenhaven Road Capital - ($PAR, $APPS, $KKR, $ETSY, $SHSP, $BOX, $EVI, $FCAU, $CSSE)
• Greenlight Capital
• GreenWood Investors
• Harding Loevner Global Small Cap Equities
• Harding Loevner Global Equities - ($KHC, $NSRGY, $LYFT, $WBC, $VRTX)
• Heartland Value Fund - ($BRY, $ARAY, $NWPX, $CCS, $FSLR)
• Hayden Capital - ($SE, $ZLPSF)
• Horan Capital Management - ($MTN, $ATVI, $BKNG, $AAPL, $THO, $TCEHY, $GOOG, $FB)
• Horizon Kinetics - ($K, $PEP, $NFLX, $AMZN, $TPL)
• JDP Capital Management - ($XPO, $TK, $SPOT)
• Laughing Water Capital
• Lightsail Capital Management - ($DRTTF)
• Long Cast Advisers - ($INS, $QRHC, $EVI, $CTEK)
• Longleaf Partners Fund - ($GE, $MAT, $WYNN, $CTL, $HCMLY, $CHKGF)
• Maran Capital Management
• Massif Capital
• Merion Road Capital - ($FCPT, $SLGG)
• Midwood Capital Partners - ($NXST, $DRTTF, $RCM, $LMB, $REPH)
• Miller Value Partners
• Nelson Roberts Investment Advisors - ($HD)
• Platinum Asset Management
• Pershing Square Holdings - ($ADP, $QSR, $LOW, $SBUX, $HLT, $UTX, $HHC, $FNMA, $FMCC)
• Polen Capital - Focus Growth
• Polen Capital - Global Growth
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth
• Polen Capital - International Small Company Growth
• RGA Investment Advisors - ($GRUB)
• Saber Capital Management - ($AAPL. $FB, $TCEHY)
• Saga Partners - ($TRUP)
• Spree Capital - ($ROKU, $FTDR, $EBAY, $ALRM, $ZAYO)
• Summers Value Fund - ($EGRX, $CVET, $SLGD, $ELAN, $KHTRF)
• Templeton and Phillips Capital Management - ($FFXDF, $HDB)
• Tollymore Investment Partners - ($TRIP, $SE)
• Third Avenue Real Estate Value Fund - ($INTU.L, $NWHM, $JBGS)
• Third Avenue Small-Cap Value Fund - ($AGX)
• Third Avenue Value Fund - ($HCC, $TDW, $EXP, $MHK)
• Upslope Capital Management - ($ATR, $YETI, $BLD)
• WCM Global Growth
• Weitz Investment - An Introduction to CarMax, Inc. - $KMX

4th Quarter 2018

• Alta Fox Capital Management - ($TPNL)
• Alluvial Capital Management - ($NUVR, $MMAC, $RAMPF, $AMNF)
• Andvari Associates - ($MA, $TYL)
• Ariel Funds - ($ATGE, $AMG, $KN)
• Arquitos Capital - ($SYTE, $MMAC, $WEDXF)
• Artko Capital - ($JYNT, $SMED, $AFCN, $USAT, $PRIXQ, $SPAR)
• Baron Funds
• Bernzott Capital Advisors - ($HRC, $TRS, $CLH, $SSTK, $CMP, $CTLT, $EPAY, $MEDP, $ELY, $MIK, $MG, $SRCL)
• Choice Equities Fund - ($RUBI, $DEST, $UA, $CMG)
• Comus Investment
• Cooper Investors Global Equities Fund - ($BAM, $PTC, $SIRI, $PYPL, $HEI)
• East 72 Holdings - ($AER, $EXXRF, $VIRT)
• Ensemble Fund - ($SCHW, $ST)
• Evans and Partners International Fund - ($SKFOF, $RELX, $MMM, $GOOG, $V, $ADDYY, $AON)
• FPA Capital Fund - Annual Report
• FPA Crescent Fund
• Fundsmith Equity Funds - ($PM, $FB, $SBUX, $MSFT) - ($GCGMF, $WEDXF, $RAMPF, $PDDPF)
• Goodwood  Funds  - ($GCGMF, $WEDXF, $RAMPF, $PDDPF)
• Greenhaven Road Capital - ($FCAU, $ETSY, $SHSP, $KKR, $YELP, $BOX)
• Greenlight Capital
• GreenWood Investors
• Hayden Capital - ($MPNGF, $CVNA, $JD)
• Heartland Value Fund - ($CCS, $NWPX, $ARAY)
• Lightsail Capital management - ($DRTTF)
• Mittleman Brothers
• MPE Capital
• Nelson Roberts Investment Advisors - ($ZTS)
• Platinum Asset Management
• Polen Capital - Focus Growth
• Polen Capital - Global Growth
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth
• RGA Investment Advisors - ($ROKU, $CGNX)
• RV Capital
• Saga Partners - ($TTD, $ESI, $UA, $LIMAF, $LGIH, $FB)
• Sebids Capital
• Third Avenue Real Estate Value Fund - ($DLN.L, $WY, $ZION, $PNC Warrants)
• Third Avenue Small-Cap Value Fund - ($CUBI, $MYRG, $ATNI)
• Third Avenue Value Fund - ($DWDP, $DDAIF, $ANFGF)
• Tollymore Investment Partners - ($UHAL, $GYM.LN, $ITEGY, $TRIP, $TRUP)
• Upslope Capital Management - ($EVR, $BLD, $JE.LN, $DLTR, $KWR, $YETI, $MKTX, $TSLA)
• WCM Global
• Weitz Investment
• Wiedower Capital - ($TRUP, $JD, $ISDR)
• Willow Oak Select Fund - ($BEL)

3rd Quarter 2018

• Alta Fox Capital Management - ($XPEL, $TPNL, $UWN)
• Alluvial Capital Management - ($NUVR, $LICT, $OTEL, $MMAC, $CTRA, $BXC, $RAMPF)
• Artko Capital - ($TWNKW, $RSSS)
• Baron Funds
• Bernzott Capital Advisors - ($EPAY, $ELY, $SSTK, $MIK, $PLOW, $GNTX, $OI, $APAM, $QUOT)
• Choice Equities Fund - ($LAWS, $BECN, $BXC, $YELP, $DEST)
• Comus Investment
• Cooper Investors Global Equities Fund - ($FTV, $FERGY, $CCF, $ROP, $FRC, $AMADY, $CMCSA, $SIRI, $AON)
• Ensemble Fund - ($TRUP, $BKNG)
• Greenhaven Road Capital - ($FCAU, $ETSY, $SHSP, $TRIP, $YELP, $EVI, $BOX)
• Greenlight Capital
• GreenWood Investors - ($EXXRF, $TRIP, $TI)
• Hayden Capital - ($MKL, $JD)
• Heartland Value Fund - ($TLRY, $BRY, $SRCI, $AXAS, $CCS)
• Longleaf Partners Fund - ($CTL, $BEL, $OCINF)
• Platinum Asset Management
• Polen Capital - Focus Growth
• Polen Capital - Global Growth
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth
• RGA Investment Advisors - ($PYPL, $WBA)
• Saga Partners - ($TTD, $ESI, $UA, $LIMAF, $LILAK)
• Third Avenue Real Estate Value Fund - ($BKG.L, $JBGS, $CHKGF)
• Third Avenue Small-Cap Value Fund - ($ATNI, $ASIX, $MYRG)
• Third Avenue Value Fund - ($TDW, $CHKGF, $BZZFF, $DB)
• Upslope Capital Management - ($CWH, $TSLA, $MKTX)

2nd Quarter 2018

• Alta Fox Capital Management - (T$PNL, $XPLT)
• Alluvial Capital Management - ($SYCRF, $SCOO, $NUVR, $MMAC)
• Andvari Associates - ($TTD, $APPN, $TCEHY, $MKTX, $GOOG)
• Ariel Funds - ($LAKE, $TISI, $TGNA)
• Artko Capital - ($EEI, $ROSEW/ROSEU, $WFCF, $FRD)
• Baron Funds
• Bernzott Capital Advisors - ($EPAY, $ELY, $KN, $OI, $APAM, $CNK, $PLOW, $MIK, $CSOD, $EXLS)
• Bonhoeffer Capital Management - ($KT)
• Choice Equities Fund - ($CMG, $REED, $BECN)
• Comus Investment
• Cooper Investors Global Equities Fund - ($SAPIF, $TTNDY, $MKSI, $CMCSA, $PNR, $CIGI, $BAX, $SPGI)
• East 72 Holdings - ($ECVTF, $UCPLF, $ELFIF)
• Ensemble Fund - ($LB, $PBH)
• FPA Capital Fund
• Gator Capital Management - ($AMP)
• Greenhaven Road Capital - ($FCAU $ETSY, $TRIP, $EVI, $AINC, $YELP, $CSSE)
• Greenlight Capital
• GreenWood Investors - ($EXXRF, $TI)
• Heartland Value Fund - ($CCS)
• Laughing Water Capital - ($EZPW, $FCAU, $CDMO, $CWH, $RMNI/$RMNIW)
• Maran Capital Management - ($BH, $CLAR, $SVIN, $LOV)
• MPE Capital
• Platinum Asset Management
• Polen Capital - Focus Growth
• Polen Capital - Global Growth
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth
• RGA Investment Advisors - ($EQIX)
• RV Capital - (AddLife, PSG Group)
• Saga Partners - ($TTD, $ESI, $UA, $LIMAF, $LILAK)
• Third Avenue Real Estate Value Fund - ($FPH, $LEN)
• Third Avenue Small-Cap Value Fund - ($ATNI, $SAFM)
• Third Avenue Value Fund - ($HCTPF, $KKWFF, $BCAUY, $HA
• Wiedower Capital - ($JD)

1st Quarter 2018

• Alluvial Capital Management - ($SYCRF, $OTEL, $LICT, $MMAC $BXC)
• Arquitos Capital Management - ($SYTE, $WEDXF)
• Artko Capital - ($HTM, $GAIA, $HDSN, $SKY)
• Ariel Funds - ($KEYS, $MHK, $OAK)
• Bernzott Capital Advisors - ($MINI, $ELY, $EPAY, $CMP, $MIK, $MG)
• Bonhoeffer Capital Management - ($TI, $TOO)
• Comus Investment
• Cooper Investors Global Equities Fund - ($SPGI, $CME, $CMCSA, $SPB)
• Dane  Capital  Management - ($DSKE, $IEA, $LAZY, $LMB, $YTRA, $EVI)
• Ensemble Fund - ($NFLX, $DNOW)
• FPA Capital Fund - ($WDC, $TEN, $ALGT)
• FPA Crescent Fund
• Greenhaven Road Capital - ($FCAU $ETSY, $TRIP, $EVI, $AINC, $BXC)
• Greenlight Capital
• GreenWood Investors - ($EXXRF, $RYCEY, $VIVHY)
• Laughing Water Capital - ($BXC, $OCN, $TRC, $GHL, $ITI, $GAIA)
• Longleaf Partners
• Maran Capital Management - ($BH, $CLAR, $SVIN, $IAC, $ATTO)
• Platinum Asset Management
• Polen Capital - Focus Growth
• Polen Capital - Global Growth
• Polen Capital - International Growth
• Polen Capital - U.S. Small Company Growth
• RGA Investment Advisors - ($DIS, $RAMP)
• RiverPark Large Growth Fund
• RiverPark Focused Value Fund
• Saga Partners - ($ESI, $LILAK)
• Third Avenue Real Estate Value Fund - ($AKR, $SRG)
• Third Avenue Small-Cap Value Fund - ($FRPH, $WEDXF. $SMHI)
• Third Avenue Value Fund - ($BDRLF, $KKWFF, $BMWYY)
• Vulcan Value Partners