Letters by company
AerCap Holdings N.V.
4 letters discussing AER. Everything written about it on this site is on its ticker page.
- Lyrical Asset Management 2025 Global Review Letter Lyrical Global credits bottom-up stock selection and portfolio earnings growth for keeping pace with a market led by mega-cap technology and European banks it avoided. It retained AI beneficiaries NRG Energy, Johnson Controls and Flex, sold United Rentals after it reached intrinsic value, and argues AerCap offers a more resilient financial-services model than banks. 2025 AER $23BFLEX $34BJCI $88B
- Lyrical Asset Management 2025 International Value Review Lyrical argues that international equities remain inexpensive relative to U.S. stocks despite comparable underlying earnings growth. The strategy avoids banks because leverage, depositor confidence and tail risks make their outcomes difficult to analyze, while favoring AerCap for its transparent aircraft-lease assets, matched financing and long-term contracts. 2025 AER $23B
- O'Keefe Stevens Advisory Quarterly Investor Letter Q4 2024 Beyond Inc. and Donnelley Financial Solutions are the 2025 top picks, based on expected easing of non-fundamental selling pressure, operational recovery and undervalued recurring-revenue opportunities. The portfolio retained Nvidia, sees small-cap inefficiency and shareholder sell-downs as fertile research areas, and made no new positions during the quarter. Q4 2024 DFIN $1.3BAER $23BFPH $643M
- O'Keefe Stevens Advisory Quarterly Investor Letter Q1 2024 Graftech remains a core activist situation, with O'Keefe Stevens backing Nilesh Undavia for the board and arguing that shareholder accountability can improve a business facing operational setbacks. The portfolio initiated AerCap, retained BGC Group ahead of the FMX launch, and identified research opportunities in eXp Realty, Roku and Blackbaud. Q1 2024 EAF $187MBGC $5.3BBLKB $2.3B
