Portfolio Update: October 2026 + Q3 Earnings outlook
Calumet and other refiners sold off alongside AI names, but the RIN thesis for renewable fuel earnings remains unchanged ahead of Q3 results.
Monday, November 2, 2026
Back to today 
From X
Lee Roach on X
Why are coal names down across the board? I see pricing up. Is market nervous about contracting season? What am I missing. Like $BTU here. Any other ones I should spend time on?
John_Hempton on X
@AMCOverNoise I am glad you have the skill to buy gems like $AMC
John_Hempton on X
@224osk It is very sad. But I will die happy as you are buying $AMC.
Mr Neutral Man aka "Howard Marks of REITs” on X
@citrini New fear for $COLD and $LINE unlocked
SG on X
@kiwicarrotcake still might be a good gamble. Just saying that sure as night follows day, $OKLO will spend some of its kitty and probably not wisely.
A Capital on X
Interesting underperformance in $MGM vs. comps… https://t.co/oOOmxIWY7Y
John_Hempton on X
So glad to see $AMC up so much. Apes are buying. They deserve it.
Investor Letters
All letters- Protean Funds October 2026 AAK $4.7BVIMGF $2.2B
- Polen Capital 5Perspectives Growth Opportunities 3Q 2026 LASR $2.1BTWST $9.3B
- Palm Harbour Capital third quarter 2026 CEVMF $5.3BCIRSA $3.4B
- Curreen Capital July–September 2026 AAP $2.9BCUUCF $5.3B
- O'Keefe Stevens Advisory Q3 2026 OCTV $5.7BCALY $2.8B
- East 72 Period to 30 September 2026 AVOL $8.1BFCODF $4.5B
- Broyhill Asset Management third quarter 2026 VVV $4.3B
- Alluvial Capital Management Third Quarter 2026 ZEG $5.6B
TSOH Weekly Roundup (10/30/2026)
Markel spent $315 million repurchasing shares in Q3 as Thrive agreed to buy ADT for $7.6 billion and Hasbro cited rising adult toy demand.
Tango: Upgrading 'Buy' Based On ESMO 2026 Vopimetostat PDAC Data And Pathway Advancement Clarity
Tango Therapeutics reported an 82% response rate and 88% nine-month PFS for vopimetostat plus RASONQUE in RAS-mutant pancreatic cancer,…
Terry Chrisomalis 2 clicks
This Week in Special Situations: Mattel, Winnebago, PayPal
Mattel, Winnebago and PayPal lead 37 special situations spanning activist campaigns, buybacks, M&A and strategic alternatives.
Kratos: Strong Organic Growth And Production Ramp-Ups Support A Buy Rating
Kratos posted Q2 FY2026 revenue growth of 30.5% to $458.8 million as unmanned systems, propulsion and defense-electronics production ramps…
Arizona Equity Research 
Group 1 Automotive (GPI): Q3 2026 Earnings
Group 1 Automotive trades at 5.5 times earnings as aging gasoline vehicles and EV repairs sustain service profits; insiders bought while…
Enova International (ENVA): Leading US Online lender with excellent track record
Enova’s Q3 2026 revenue exceeded $1 billion as originations rose 31%, while its failed Grasshopper Bank bid drove a 23% one-day stock…
AppFolio 3Q26 Business Recap: AI Agents Support Growth
AppFolio grew third-quarter revenue 19% as Realm-X AI agents gained adoption, lifting guidance to $1.122 billion to $1.127 billion.
TTM Technologies: The Market Already Caught On To Peak Numbers
TTM Technologies’ record Q3 and data-center exposure drove a 27.7% stock drop as investors questioned debt-funded growth, leverage and the…
Nicolas Bolsinger 1 click
Monte Investments Market Brief Vol. CXXXIII
Monte Investments updates Carpenter Technology after a 25% sell-off, tracks EQT’s $12.83 billion Range Resources acquisition and assesses…
The Data Center Bridge
Small- and mid-cap data center stocks trade as one despite sharply different funding bridges: 12 of 15 cover fixed costs on signed…
QTWO · long Q2 Holdings INC (qtwo)
Q2 Holdings sells banking software to more than 1,200 financial institutions and 27.8 million registered users, after selling off with…
AXT’s Tongmei Problem: Great Asset, Fragile Economics
AXT’s 85.5%-owned Tongmei depends on offshore pricing, export approvals and transfer-pricing economics despite AI-optics demand.
Cracks in the Coconuts: Why Vita Coco’s ($COCO) Growth Narrative is Spoiling
Vita Coco’s growth narrative is deteriorating, supporting a short thesis on COCO.
Why Lindblad's Record Year Should Terrify Its Shareholders
Lindblad's record year is the basis for a short thesis against LIND.
Alta Fox PBH CN Presentation
Premium Brands Holdings faces margin expansion and free-cash-flow growth as a six-year investment cycle ends, while Alta Fox says its…
ServiceTitan ($TTAN): The IPO Hangover Has Only Just Begun
ServiceTitan faces slowing growth, a rich valuation, accounting concerns, executive turnover and stock sales by management and legacy…
Water and Power: The Dual Engines Driving LandBridge’s Explosive Growth
LandBridge outlined $300 million in pore-space free cash flow within five years; its Permian data-center project remains proof of concept.
Global Spirits: Q425 Earnings Update
Campari posts three consecutive quarters of accelerating organic sales growth while Diageo and Pernod face deleveraging pressure, with…
Single Stock Spotlight #5: Core Natural Resources (CNR)
Core Natural Resources (CNR) trades at 6 times normalized free cash flow, with export thermal coal exposure positioned for LNG disruption…
TIC Solutions: Thesis Check
TIC Solutions' NV5 merger lifted consulting and geospatial growth and margins, while its 52%-of-revenue inspection unit stayed flat after…
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