155 investment ideas from 96 funds across 119 stocks. Every thesis and quote on this page comes from a fund manager's own investor letter, not a 13F filing, so you can see the reasoning, risks and conviction behind each Industrials, Automation & Reshoring position.
LongTXN
Baron sees Texas Instruments as the leading analog and embedded semiconductor company despite the current cyclical downturn. The company is seeing early signs of improvement in markets where inventory corrections began e
ShortEQPT
Blue Orca believes EquipmentShare's OWN Program creates substantial undisclosed off-balance-sheet liabilities despite being presented to investors as an asset-light financing model. The report alleges that closely connec
LongIMCDOct 2026
Night Watch believes specialty chemical distributors are approaching an earnings inflection after a prolonged three-year bear market in chemicals. Customer inventories accumulated after the Covid-era shortages have large
LongUTIOct 2026
Universal Technical Institute was the fund's largest detractor during the quarter, but Night Watch continues to maintain its long position. Demand for UTI's vocational programs remains strong across areas such as welding
LongAZEOct 2026
Night Watch believes specialty chemical distributors are approaching an earnings inflection after a prolonged three-year bear market in chemicals. Customer inventories accumulated after the Covid-era shortages have large
LongGRMNSep 2026
Garmin is viewed as a diversified collection of specialized businesses across fitness, outdoor recreation, marine and aviation markets rather than simply a consumer GPS company. The fund believes product reliability, bra
LongGXO
Khrom sees GXO's strategic reset under CEO Patrick Kelleher as an opportunity to improve organic growth, customer retention, pricing discipline and margins. The sales pipeline has expanded to a record level and new busin
LongAMCR
Khrom believes Amcor's merger with Berry Global has strengthened its competitive position through greater scale, a more consolidated industry structure and stronger purchasing power. Management expects at least $650 mill
LongPTB
Phu Tai is presented as an example of a significant disconnect between market sentiment and operating fundamentals in Vietnam. First-half 2026 revenue rose 18.5% year over year to a record level and net profit increased
LongKCR
Konecranes recovered after weaker July results as the fund viewed the Q2 shortfall as largely timing-related. The investment case is supported by an attractive valuation, 13% year-over-year growth in Q2 order intake and
LongFBIN
The fund initiated a position because Fortune Brands ranked highly across several of its quantitative indicators. Free cash flow measures were particularly attractive, while the company also offered a dividend yield slig
LongAIT
Applied Industrial Technologies is a value-added industrial distributor and technical-solutions provider whose core maintenance and repair markets benefit from highly durable demand because equipment downtime is expensiv
“Longer term, key industrial and automotive end markets should continue to expand.”
“We are short EquipmentShare.com Inc. (NASDAQ: EQPT) because we believe that undisclosed promises to backstop its equipment investment program create billions of dollars in hidden liabilities that could easily impair its balance sheet and bonds.”
“For those reasons, we have built meaningful positions in two European distributors of specialty chemicals: Azelis (AZE BB) and IMCD (IMCD NA).”
“While this won’t be resolved overnight, we think this is a solvable issue and we are maintaining our long position.”
“For those reasons, we have built meaningful positions in two European distributors of specialty chemicals: Azelis (AZE BB) and IMCD (IMCD NA).”
“Garmin's collection of leading positions in attractive niche markets is often overlooked”