LongWDAYJun 2026
Workday, Inc.
Hotchkis & Wiley believes AI-disruption fears around Workday materially underestimate the durability of mission-critical enterprise systems and the cost and risk of replacing…
Hotchkis & Wiley Global Value Fund
Global value equity investing in 40-80 attractively valued companies with durable businesses, shareholder-friendly management, and discounts to long-run normalized earnings.$1.2B AUM6 published ideas
The Hotchkis & Wiley Global Value Fund applies a long-term fundamental value approach across global equities. The team favors companies where normalized earnings, free cash flow or competitive durability appear underappreciated and currently sees opportunities in areas the market believes are vulnerable to AI disruption.
Ideas from Hotchkis & Wiley Global Value Fund
LongHUMJun 2026
Humana Inc.
Hotchkis & Wiley owns Humana as a major Medicare Advantage insurer whose earnings appear to be approaching a cyclical bottom. Investors have increasingly begun to price in a…
LongFFIVJun 2026
F5, Inc.
Hotchkis & Wiley believes F5 is misunderstood because investors incorrectly classify it primarily as a legacy IT hardware vendor. The business sells application networking and…
LongELVJun 2026
Elevance Health, Inc.
Hotchkis & Wiley sees increasing evidence that Elevance's profitability is recovering. Despite the share-price improvement, the company remains valued at a discount to the…
LongGOOGLJun 2026
Alphabet Inc.
Hotchkis & Wiley continues to own Alphabet despite being underweight the stock relative to its benchmark. The fund believes Alphabet's valuation remains attractive in light of…
LongAPAJun 2026
APA Corporation
Hotchkis & Wiley believes APA offers exposure to what it views as a structurally undersupplied global energy market. The company also generates strong free cash flow across a…
Letters covered
- Global Value Fund Manager Review & Economic OutlookJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.