LongGOOGLJun 2026
Alphabet Inc.
Hotchkis & Wiley remains constructive on Alphabet despite the position detracting from relative performance because the fund was underweight the stock versus the benchmark. The…
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 AUM12 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…
LongHUMJun 2026
Humana Inc.
Hotchkis & Wiley views Humana as one of the largest Medicare Advantage insurers in the United States and believes its earnings are near a cyclical bottom. The stock rose during…
LongFFIVJun 2026
F5, Inc.
Hotchkis & Wiley believes F5 is misunderstood because the market often classifies it as a legacy IT hardware vendor. The company sells application networking and security…
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…
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…
LongELVJun 2026
Elevance Health, Inc.
Hotchkis & Wiley sees Elevance Health as a large, high-quality health insurer whose profitability is beginning to recover. Despite the share-price rebound, the stock still trades…
LongAPAJun 2026
APA Corporation
Hotchkis & Wiley owns APA for its leverage to what it views as a structurally undersupplied global energy market. The stock fell as oil prices retreated on optimism that the Iran…
LongWDAYJun 2026
Workday, Inc.
Hotchkis & Wiley believes the market is overestimating the threat that AI poses to mission-critical systems of record such as Workday. The latest quarter showed subscription…
Letters covered
- Global Value Fund Manager Review & Economic OutlookJune 30, 2026
- Global Value Fund Manager Review & Economic OutlookJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.