Latest news with #AlphynCapitalManagement
Yahoo
14-07-2025
- Business
- Yahoo
Alphyn Capital Management Sold Its Stake in Oaktree Specialty Lending Corporation (OCSL)
Alphyn Capital Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 12.4% net in the second quarter compared to 10.9% for the S&P 500 Index. As of the second quarter of 2025, the top ten holdings accounted for approximately 65% of the portfolio, and approximately 17% of the portfolio was held in cash. Market conditions remained volatile in Q2 due to ongoing tariff developments and evolving interest rate projections. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alphyn Capital Management highlighted stocks such as Oaktree Specialty Lending Corporation (NASDAQ:OCSL). Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a business development company. The one-month return of Oaktree Specialty Lending Corporation (NASDAQ:OCSL) was 5.34%, and its shares lost 22.32% of their value over the last 52 weeks. On July 11, 2025, Oaktree Specialty Lending Corporation (NASDAQ:OCSL) stock closed at $14.41 per share with a market capitalization of $1.269 billion. Alphyn Capital Management stated the following regarding Oaktree Specialty Lending Corporation (NASDAQ:OCSL) in its second quarter 2025 investor letter: "I sold Oaktree Specialty Lending Corporation (NASDAQ:OCSL) after management had to admit three new non-accruals, including a 50% write-down on investment in Pluralsight alongside smaller hits at AT Holdings and Dialyze. Those impairments reduced the net asset value and demonstrated that an almost 80% first-lien book can still experience credit pressure, leaving earnings flat and my expected risk-adjusted return below the hurdle I set for core holdings. Management then waived $3.2 million of incentive fees, boosting net investment income by a penny per share to maintain the dividend intact. I appreciate that shareholder-minded step, but it also points to a thinner earnings cushion if base rates drift lower." A close-up shot of a banker, looking confidently at his/her laptop, with stacks of papers and a toy credit card in the background. Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 11 hedge fund portfolios held Oaktree Specialty Lending Corporation (NASDAQ:OCSL) at the end of the first quarter, which was 15 in the previous quarter. While we acknowledge the potential of OCSL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Oaktree Specialty Lending Corporation (NASDAQ:OCSL) and shared Alphyn Capital Management's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Missing Earnings Impacted Cogent Communications Holdings (CCOI) Share Price
Alphyn Capital Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 12.4% net in the second quarter compared to 10.9% for the S&P 500 Index. As of the second quarter of 2025, the top ten holdings accounted for approximately 65% of the portfolio, and approximately 17% of the portfolio was held in cash. Market conditions remained volatile in Q2 due to ongoing tariff developments and evolving interest rate projections. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alphyn Capital Management highlighted stocks such as Cogent Communications Holdings, Inc. (NASDAQ:CCOI). Cogent Communications Holdings, Inc. (NASDAQ:CCOI) provides high-speed Internet access, private network, and data center colocation space services. The one-month return of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) was 5.15%, and its shares lost 23.98% of their value over the last 52 weeks. On July 11, 2025, Cogent Communications Holdings, Inc. (NASDAQ:CCOI) stock closed at $49.40 per share with a market capitalization of $2.437 billion. Alphyn Capital Management stated the following regarding Cogent Communications Holdings, Inc. (NASDAQ:CCOI) in its second quarter 2025 investor letter: "Cogent Communications Holdings, Inc.'s (NASDAQ:CCOI) share price was impacted following a couple of quarters of missing earnings, as investors lost patience with the length of time the Sprint wireline integration was taking. Although management has already captured the targeted $220m of cost savings, the integration work is still consuming time and operating expenses, and revenue has yet to inflect, leaving headline results soft and sentiment poor. An aerial view of an internet exchange point, illustrating the importance of an online service provider. Cogent Communications Holdings, Inc. (NASDAQ:CCOI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Cogent Communications Holdings, Inc. (NASDAQ:CCOI) at the end of the first quarter compared to 29 in the previous quarter. While we acknowledge the potential of CCOI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Cogent Communications Holdings, Inc. (NASDAQ:CCOI) and shared Recurve Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Fairfax Financial Holdings Limited (FRFHF) Achieved Significant Growth Through Strategic Underwriting and Investment
Alphyn Capital Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 12.4% net in the second quarter compared to 10.9% for the S&P 500 Index. As of the second quarter of 2025, the top ten holdings accounted for approximately 65% of the portfolio, and approximately 17% of the portfolio was held in cash. Market conditions remained volatile in Q2 due to ongoing tariff developments and evolving interest rate projections. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alphyn Capital Management highlighted stocks such as Fairfax Financial Holdings Limited (OTC:FRFHF). Fairfax Financial Holdings Limited (OTC:FRFHF) is an insurance company that offers property and casualty insurance and reinsurance, and investment management services. The one-month return of Fairfax Financial Holdings Limited (OTC:FRFHF) was 1.89%, and its shares gained 55.38% of their value over the last 52 weeks. On July 11, 2025, Fairfax Financial Holdings Limited (OTC:FRFHF) stock closed at $1,803.38 per share with a market capitalization of $40.424 billion. Alphyn Capital Management stated the following regarding Fairfax Financial Holdings Limited (OTC:FRFHF) in its second quarter 2025 investor letter: Fairfax Financial Holdings Limited's (OTC:FRFHF) progress over the last three years has been a textbook exercise in compounding. Hard-market pricing from 2022 to 2024 enabled the group to expand net written premiums at a double-digit clip, increasing float to $33 billion, up roughly 12% per year since 2020. With that larger float invested in longer-duration bonds, interest and dividend income have climbed from $0.6 billion in 2021 to about $2.5 billion last year. Adding a steady $1bn+ of associate earnings and normalized underwriting profit, Fairfax is positioned to earn more than $165 per share in 2025, over triple the approximately $52 per-share run rate we underwrote in 2019. These four pillars, disciplined underwriting, growing float, higher fixed-income yields, and associate contributions, have driven the company's outperformance since 2022. A close-up of a hand signing a property casualty insurance product contract. Fairfax Financial Holdings Limited (OTC:FRFHF) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 1 hedge fund portfolios held Fairfax Financial Holdings Limited (OTC:FRFHF) at the end of the first quarter, which was 1 in the previous quarter. While we acknowledge the potential of FRFHF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Brookfield Corporation (BN) Reported Strong Growth in Q2
Alphyn Capital Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 12.4% net in the second quarter compared to 10.9% for the S&P 500 Index. As of the second quarter of 2025, the top ten holdings accounted for approximately 65% of the portfolio, and approximately 17% of the portfolio was held in cash. Market conditions remained volatile in Q2 due to ongoing tariff developments and evolving interest rate projections. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alphyn Capital Management highlighted stocks such as Brookfield Corporation (NYSE:BN). Brookfield Corporation (NYSE:BN) is an alternative asset manager and REIT/Real Estate Investment Manager firm. The one-month return of Brookfield Corporation (NYSE:BN) was 7.97%, and its shares gained 42.26% of their value over the last 52 weeks. On July 10, 2025, Brookfield Corporation (NYSE:BN) stock closed at $63.96 per share with a market capitalization of $98.095 billion. Alphyn Capital Management stated the following regarding Brookfield Corporation (NYSE:BN) in its second quarter 2025 investor letter: "Brookfield Corporation (NYSE:BN) machine kept humming in the quarter. Distributable earnings climbed 27 % to $1.55bn. Fee related earnings hit a record $698m at a 57 % margin, while fee bearing capital reached $549bn. Management closed two new $16bn flagship funds and raised roughly $25bn of total commitments, further enlarging the base of steady, compounding fees that do not depend on exit markets. Brookfield also agreed to buy a majority stake in Angel Oak, an $18bn mortgage credit platform that will seed a new lending strategy. Insurance and operating platforms continue to extend Brookfield's runway. Insurance generated $430m of earnings on $133bn of assets, backed by $4bn of new annuity sales and a 5.7 % portfolio yield that sits 180 bp above the cost of funds. A senior executive at Sprott Asset Management USA Inc. contemplating market changes and his future investments. Brookfield Corporation (NYSE:BN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Brookfield Corporation (NYSE:BN) at the end of the first quarter, which was 37 in the previous quarter. While we acknowledge the potential of BN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Brookfield Corporation (NYSE:BN) and shared Hardman Johnston Global Equity Strategy's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Kingsway Financial Services (KFS) Targets Aggressive Growth Through Strategic Acquisitions
Alphyn Capital Management, an investment management firm, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Master Account of the fund returned 12.4% net in the second quarter compared to 10.9% for the S&P 500 Index. As of the second quarter of 2025, the top ten holdings accounted for approximately 65% of the portfolio, and approximately 17% of the portfolio was held in cash. Market conditions remained volatile in Q2 due to ongoing tariff developments and evolving interest rate projections. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Alphyn Capital Management highlighted stocks such as Kingsway Financial Services Inc. (NYSE:KFS). Headquartered in Chicago, Illinois, Kingsway Financial Services Inc. (NYSE:KFS) engages in extended warranty and business services. The one-month return of Kingsway Financial Services Inc. (NYSE:KFS) was 6.91%, and its shares gained 73.72% of their value over the last 52 weeks. On July 10, 2025, Kingsway Financial Services Inc. (NYSE:KFS) stock closed at $14.54 per share, with a market capitalization of $413.374 million. Alphyn Capital Management stated the following regarding Kingsway Financial Services Inc. (NYSE:KFS) in its second quarter 2025 investor letter: "Kingsway Financial Services Inc.'s (NYSE:KFS) shares spent most of the past year moving sideways, which is unsurprising for a roughly $400 million market cap company that receives little sell-side coverage and whose value depends more on future acquisition-driven growth than on reported earnings today. Execution across the portfolio has been uneven. Acquisitions such as Ravix and SPI have performed well, while CSuite has proven difficult, and Secure Nursing has faced soft demand for travel nurses and wage pressure, resulting in revenue remaining flat and margins under strain as the industry normalizes following the pandemic. At the May Investor Day, management reaffirmed its goal of two to three acquisitions a year at 5-7x EBITDA on companies earning $1.5 - $3 million and walked through an operating playbook for their most recent acquisition Buds Plumbing that showed how pricing, service mix expansion, and bolt-on M&A can double profits within three years. Two weeks later, Kingsway closed a $15.7 million PIPE at $11.75 per share, lifting its acquisition cadence target to three to five deals per year. The share price has run up on that news and could be volatile until the playbook is proven; but if management executes on a handful of high quality acquisitions a year and brings solid operational discipline to formerly lifestyle family businesses, the earnings base could expand meaningfully over the next few years." A service technician with a tool belt, inspecting an HVAC unit in a customer's home. Kingsway Financial Services Inc. (NYSE:KFS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 4 hedge fund portfolios held Kingsway Financial Services Inc. (NYSE:KFS) at the end of the first quarter, compared to 5 in the last quarter. While we acknowledge the potential of KFS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Kingsway Financial Services Inc. (NYSE:KFS) and shared Greenhaven Road Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
