Letters by company
Topgolf Callaway Brands Corp.
2 letters discussing MODG. Everything written about it on this site is on its ticker page.
- O'Keefe Stevens Advisory Quarterly Investor Letter Q4 2025 Fannie Mae common shares were sold to reduce exposure to uncertain privatization outcomes, while preferred shares were retained for their contractual payoff. The portfolio added to Callaway after its Topgolf sale, trimmed Sphere, and expects GreenFirst to benefit as lumber supply tightens. Q4 2025 FNMA $4.6BICLTF $28MSPHR $4B
- O'Keefe Stevens Advisory Quarterly Investor Letter Q3 2025 O'Keefe Stevens Advisory cautions that AI and crypto enthusiasm has pushed parts of the market toward speculative pricing while retaining exposure to capital-light infrastructure beneficiaries such as Corning and NVIDIA. The firm sold Donnelley Financial, Lazard and Capstone Copper, started Topgolf Callaway Brands, and found Compass Minerals' new management focused on maintenance, safety and capital discipline. Q3 2025 GLW $136BCMP $964MCSCCY $11B
