Hiroshi Watanabe/DigitalVision via Getty Images Investment Philosophy: Purchase durable business franchises that are selling at a discount to their intrinsic value. Performance Quarter YTD 1 Year 3 Years 5 Years 10 Years Since Inception Global Equity (Gross) -7.32% -7.32% -1.22% - - - 3.83% Global Equity (net) -7.47% -7.47% -1.86% - - - 3.26% iShares MSCI World ETF 2 -3.10% -3.10% 19.38% 17.11% 10...
Hiroshi Watanabe/DigitalVision via Getty Images Investment Philosophy: Purchase durable business franchises that are selling at a discount to their intrinsic value. Performance Quarter YTD 1 Year 3 Years 5 Years 10 Years Since Inception Global Equity (Gross) -7.32% -7.32% -1.22% - - - 3.83% Global Equity (net) -7.47% -7.47% -1.86% - - - 3.26% iShares MSCI World ETF 2 -3.10% -3.10% 19.38% 17.11% 10.48% 12.04% 15.99% iShares MSCI ACWI ETF 2 -2.21% -2.21% 20.85% 16.98% 9.69% 11.58% 16.38% Click to enlarge Inception: December 31, 2023 Performance is preliminary and subject to reconciliation. Investment Process: We utilize a business owner's approach to investing, thoroughly investigating the economics of the business and the quality of the management team. Some of the characteristics of good businesses include strong recurring revenue and attractive returns-on-invested capital (ROIC). We have a strong orientation to low absolute and relative valuation, which are key to the execution of our investment strategy. A new idea will come from a variety of sources including company visits, screens, conferences, trade periodicals and general reading. All members of the research team are responsible for fundamental research. Once an investment opportunity is identified it is put through an extensive due diligence process, which typically includes management interviews and site visits. When an acceptable level of conviction is achieved, the appropriate weighting (considering liquidity, valuation, etc.) is discussed and determined. A new company purchased in the portfolio will usually have an initial position size of 2-4%. The portfolio generally consists of 25-35 companies and is diversified across industries. We are long-term investors, a typical holding period for our companies is three to five years, and portfolio turnover averages 20-40% per annum. Research Team PMC* Jonathan T. Bloom, CFA ✓ ✓ John S. Brandser ✓ Robert M. Helf, CFA ✓ Benjamin D. Karek, CFA ✓ ✓ John P. O'Neill ...
BankGuam Holding ( BKGM ) approved a share repurchase program of up to $500,000 in common stock. More on BankGuam Holding Company Dividend scorecard for BankGuam Holding Company Financial information for BankGuam Holding Company
BankGuam Holding ( BKGM ) approved a share repurchase program of up to $500,000 in common stock. More on BankGuam Holding Company Dividend scorecard for BankGuam Holding Company Financial information for BankGuam Holding Company
On May 1, 2026, United Wealth Management, LLC disclosed a purchase of 54,051 shares of Dimensional ETF Trust - Dimensional Global Core Plus Fixed Income ETF (NASDAQ:DFGP) , an estimated $2.94 million trade based on the quarterly average price. According to a Securities and Exchange Commission (SEC) filing dated May 1, 2026, United Wealth Management, LLC purchased 54,051 shares of Dimensional ETF T...
On May 1, 2026, United Wealth Management, LLC disclosed a purchase of 54,051 shares of Dimensional ETF Trust - Dimensional Global Core Plus Fixed Income ETF (NASDAQ:DFGP) , an estimated $2.94 million trade based on the quarterly average price. According to a Securities and Exchange Commission (SEC) filing dated May 1, 2026, United Wealth Management, LLC purchased 54,051 shares of Dimensional ETF Trust - Dimensional Global Core Plus Fixed Income ETF. The estimated transaction value is $2.94 million, calculated using the average closing price for the quarter ended March 31, 2026. The stake’s value rose by $2.89 million from the prior quarter, including both trades and price movement. This was a buy; DFGP now represents 5.69% of United Wealth Management, LLC’s 13F reportable assets under management. Continue reading
(RTTNews) - Diana Shipping (DSX), a shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading (GNK), announced that it has commenced a tender offer
(RTTNews) - Diana Shipping (DSX), a shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels that owns approximately 14.8% of the outstanding shares of common stock of Genco Shipping & Trading (GNK), announced that it has commenced a tender offer
GMR Solutions ( GMRS ) announced an IPO of ~31.9M Class A shares priced between $22 and $25 each. The company plans to list on the New York Stock Exchange under the ticker “GMRS.” Underwriters have a 30-day option to buy an additional ~4.8M shares to cover over-allotments. Proceeds will partly redeem Series B preferred stock and help repay debt tied to Global Medical Response. Additional funds fro...
GMR Solutions ( GMRS ) announced an IPO of ~31.9M Class A shares priced between $22 and $25 each. The company plans to list on the New York Stock Exchange under the ticker “GMRS.” Underwriters have a 30-day option to buy an additional ~4.8M shares to cover over-allotments. Proceeds will partly redeem Series B preferred stock and help repay debt tied to Global Medical Response. Additional funds from a $350M private placement and cash reserves will also support debt reduction. More on GMR Solutions Inc. GMR Solutions Targets IPO On High Debt, Contracting Revenue Financial information for GMR Solutions Inc.
Inter’s manager was not first choice to replace Simeone Inzaghi but has created a juggernaut that could not be stopped It all felt inevitable, by the end, Internazionale becoming champions of Italy for the 21st time with a win over Parma they did not even need. A draw would have sufficed: in this game, or the next one, or either of the two after that. Their rivals for the Scudetto yielded one-by-o...
Inter’s manager was not first choice to replace Simeone Inzaghi but has created a juggernaut that could not be stopped It all felt inevitable, by the end, Internazionale becoming champions of Italy for the 21st time with a win over Parma they did not even need. A draw would have sufficed: in this game, or the next one, or either of the two after that. Their rivals for the Scudetto yielded one-by-one through the spring and then, finally, all at once. None of Napoli, Milan or Juventus won this weekend, not that it would have mattered any more if they had. Inter were 10 points clear at the start of this round and 12 by its conclusion, the best team in Serie A by a mile. They have scored 82 goals in a league where no other team has yet made it to 60. Defensively, only Como can equal their 17 clean sheets. Continue reading...
Stock futures were falling Monday, putting a record-breaking rally for the and in jeopardy as Iran state media reported that the country struck a U.S. warship in the Strait of Hormuz. The U.S. military’s Central Command denied the report. Shares of eBay jumped 8.1% to $112.40.
Stock futures were falling Monday, putting a record-breaking rally for the and in jeopardy as Iran state media reported that the country struck a U.S. warship in the Strait of Hormuz. The U.S. military’s Central Command denied the report. Shares of eBay jumped 8.1% to $112.40.
Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin A Ukrainian one-way attack drone struck a high-rise apartment building in Moscow in the early hours of Monday, causing no reported casualties and only limited damage. The strike occurred just miles from the Kremlin, highlighting Ukraine's long-range drone strike capabilities. The New York Times reports that the drone strike comes five da...
Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin A Ukrainian one-way attack drone struck a high-rise apartment building in Moscow in the early hours of Monday, causing no reported casualties and only limited damage. The strike occurred just miles from the Kremlin, highlighting Ukraine's long-range drone strike capabilities. The New York Times reports that the drone strike comes five days before Russia's May 9 Victory Day parade, which has already been scaled back due to the growing drone threat. Moscow Mayor Sergei Sobyanin said there were no casualties, but footage posted online showed damage to part of one floor of the 54-story tower in southwest Moscow. Ukrainian drone stuck a building just 6 km from the Kremlin Monday night marked the third consecutive night of Ukrainian drone attacks on Moscow. One of the drones crashed into a building on a street adjacent to the Kremlin. After the attacks, checkpoints have appeared at the… pic.twitter.com/kn3Nn9AAJO — Visegrád 24 (@visegrad24) May 4, 2026 The strike follows a broader Ukrainian drone offensive targeting Russia's critical oil and gas infrastructure and shadow tanker fleet, part of an effort to disrupt Russia's sanctions-hit, oil-dependent economy. Related: Russian Black Sea Town Plunged Into Environmental Catastrophe After 4th Drone Strike On Oil Complex Ukraine Flexes With Much Deeper Drone Reach Targeting Russia's Refineries OSINT accounts on X report growing Russian concern over Ukrainian "unjammable" suicide drones allegedly powered by Starlink, an inconvenient development for Moscow's electronic warfare defenses. “Every day, there are more and more such drones.” The Russians are complaining that Ukrainian medium-range UAVs with unjammable Starlink communications are increasingly striking their rear-area logistics. Pictured are a “Hornet,” a “Baton,” and two “Darts” UAVs. https://t.co/5aPeLHaljY pic.twitter.com/R456yoxKxm — Roy🇨🇦 (@GrandpaRoy2) May 3, 2026 Related: From "Don't Be Evil" To Drone K...
Here are the biggest calls on Wall Street on Monday: Bernstein reiterates Apple as outperform The firm raised its price target on the stock to $350 per share from $340. "Apple's FQ2'26 results and FQ3 was strong across the board. Revenue grew 17% you in FQ2 and was guided to grow another 14-17% in FQ3. Gross margins also beat expectations at 49.3% for FQ2 and guided to 48% for FQ3." Goldman Sachs ...
Here are the biggest calls on Wall Street on Monday: Bernstein reiterates Apple as outperform The firm raised its price target on the stock to $350 per share from $340. "Apple's FQ2'26 results and FQ3 was strong across the board. Revenue grew 17% you in FQ2 and was guided to grow another 14-17% in FQ3. Gross margins also beat expectations at 49.3% for FQ2 and guided to 48% for FQ3." Goldman Sachs upgrades KE Holdings to buy from neutral Goldman says the China real estate company has an "attractive re-entry point." "We believe the share price movement post the recent peak at end-Jan provides investors with an attractive re-entry point into KE Holdings." William Blair initiates Suncrete as outperform William Blair says the concrete building materials company has plenty more room to run. "Suncrete is a rollup in the ready-mix concrete distribution market, targeting fast-growing Sunbelt metro areas." HSBC downgrades Palantir to hold from buy HSBC says it's concerned about rising competition fo r Palantir. "The success is inviting similar approaches by competitors like OpenAI. Moreover, with the proliferation of agentic frameworks and model context protocol (MCP) servers, we think the company's traditional barriers to entry are starting to erode." HSBC downgrades Advanced Micro Devices to hold from buy The firm says it sees limited upside for AMD. "We downgrade our rating to Hold as the stock has already significantly re-rated from trading at a 19x 2027e PE multiple to a 33x PE multiple with limited room for earnings upside due to capacity constraints." Morgan Stanley reiterates Advanced Micro Devices as equal weight The firm raised its price target on AMD to $360 per share from $255. "We expect a very strong quarter driven by server CPU, recent strength in the stock creates a higher bar for the quarter, but we don't expect enthusiasm to fade." Deutsche Bank upgrades Packaging Corp to buy from hold Deutsche says the packaging company is at an inflection point. "Followin ...
Patrick Industries ( PATK ) announced on Monday that merger talks with LCI Industries ( LCII ) have been terminated. "While there was consensus on leadership of the combined company, continued execution of Patrick's strategic plan and vision, and other key aspects of a potential transaction in alignment with a merger of equals, the companies were unable to reach agreement on certain other key term...
Patrick Industries ( PATK ) announced on Monday that merger talks with LCI Industries ( LCII ) have been terminated. "While there was consensus on leadership of the combined company, continued execution of Patrick's strategic plan and vision, and other key aspects of a potential transaction in alignment with a merger of equals, the companies were unable to reach agreement on certain other key terms," read a company statement, Looking ahead, Patrick Industries ( PATK ) CEO Andy Nemeth said the company is steadfast in committing to its independent brand-fronted foundation and customer partnerships in alignment with the business model. "With our diversified platform, strong balance sheet and cash flows, and disciplined capital allocation strategy, we are uniquely positioned to outperform our end markets through organic growth, innovation, and the continued execution of our proven M&A strategy," he added. It was noted that the company has a robust pipeline of high-quality opportunities. Shares of Patrick Industries ( PATK ) were up 1.7% in premarket trading. LCI Industries ( LCII ) was down 1.4%. More on LCI Industries and Patrick Industries Patrick Industries, Inc. (PATK) Q1 2026 Earnings Call Transcript Patrick Industries, Inc. 2026 Q1 - Results - Earnings Call Presentation LCI Industries: Thriving In A Slow Industry Setting (Rating Upgrade) Patrick outlines 2026 operating cash flow of $370M-$390M while evaluating LCI merger of equals talks Patrick Non-GAAP EPS of $1.10 beats by $0.06, revenue of $997M beats by $6.81M
bennymarty U.S. online marketplace eBay ( EBAY ) Monday confirmed that it has received an unsolicited, non-binding acquisition proposal from GameStop ( GME ). eBay had no discussions with or outreach from GameStop prior to receiving the proposal, the company said . eBay, with a market cap of $46B said, it will review this proposal "with a focus on the value to be delivered to eBay shareholders," i...
bennymarty U.S. online marketplace eBay ( EBAY ) Monday confirmed that it has received an unsolicited, non-binding acquisition proposal from GameStop ( GME ). eBay had no discussions with or outreach from GameStop prior to receiving the proposal, the company said . eBay, with a market cap of $46B said, it will review this proposal "with a focus on the value to be delivered to eBay shareholders," including the value of the GameStop stock consideration and the ability of GameStop to deliver a binding, actionable proposal. eBay shares were up 8% in premarket trading, after rising as much as 13% following the offer to acquire the company at $125 per share in cash and stock. eBay shareholders are advised to take no action at this time, the company added. More on eBay eBay Inc. (EBAY) Q1 2026 Earnings Call Transcript eBay: Soaring GMV At A Reasonable Price eBay Inc. 2026 Q1 - Results - Earnings Call Presentation eBay stock soars on GameStop offer—These ETFs have the highest exposure eBay rallies as GameStop launches bold $56B takeover attempt
Silver Spruce Resources ( SSE:CA ) received extension approval from the TSX Venture Exchange to complete its second private placement tranche by May 18, 2026. The offering consists of units priced at CAD$0.20, each including one share and one warrant exercisable at $0.30 over four years. The first tranche raised $739,250 through the issuance of nearly 3.7M units. Proceeds will fund mineral explora...
Silver Spruce Resources ( SSE:CA ) received extension approval from the TSX Venture Exchange to complete its second private placement tranche by May 18, 2026. The offering consists of units priced at CAD$0.20, each including one share and one warrant exercisable at $0.30 over four years. The first tranche raised $739,250 through the issuance of nearly 3.7M units. Proceeds will fund mineral exploration projects and general working capital needs. More on Silver Spruce Resources Inc. Financial information for Silver Spruce Resources Inc.
President Trump announced that the U.S will "guide" stranded ships through the Strait of Hormuz. And, Democrats face an uphill battle to gain Senate control. Here are the key races to watch. (Image credit: Roberto Schmidt)
President Trump announced that the U.S will "guide" stranded ships through the Strait of Hormuz. And, Democrats face an uphill battle to gain Senate control. Here are the key races to watch. (Image credit: Roberto Schmidt)