Letters by company
Universal Technical Institute INC
4 letters discussing UTI. Everything written about it on this site is on its ticker page.
- Praetorian Capital Q2 2026 Investor Letter Praetorian Capital doubled down on positions benefiting from its “Feudalism” framework while reducing exposure to real-GDP-linked businesses and using refiners as a hedge. It halted its event-driven book for the summer, shifted AI thinking toward second-order beneficiaries, and bought stakes in Lincoln Educational Services and Universal Technical Institute to capture worker reskilling demand. Q2 2026 JOE $4.1BLINC $724MMNGGF $0.5M
- Night Watch Investment Management Q3 2026 Update Night Watch Investment Management retained Marex as its largest counter-cyclical position, arguing that volatility-driven earnings, high reinvestment returns and a modest valuation remain underappreciated. The portfolio added Azelis and IMCD, expecting tight petrochemical supply, depleted inventories and renewed chemical demand to support specialty-distribution margins and consolidation. Q3 2026 AZLGF $3.1BIMCDY $6.7BMRX $5.4B
- Aberdeen Investments abrdn U.S. Small Cap Equity Fund Quarterly Commentary Abrdn U.S. Small Cap Equity Fund added Artivion, Curbline Properties, Hamilton Lane, Kaiser Aluminum, Ultra Clean Holdings and Valvoline, while selling Aritzia, ATS Corporation and several industrial and housing-related holdings. The fund argues that tariff disruption, energy-driven inflation and factor-led trading should create valuation dislocations for selective small- and mid-cap investors. Quarter ended September 30, 2026 —
- Wasatch Global Investors — Micro Cap Fund Commentary Wasatch Micro Cap Fund reduced consumer-oriented holdings amid concern that higher rates and energy prices will pressure stressed consumers, while retaining financials expected to benefit from higher rates. It consolidated for-profit education exposure from Lincoln Educational Services into Universal Technical Institute and cited reimbursement potential for AOTI alongside durable data and infrastructure franchises. third quarter 2026 AII $576MLINC $724MORN $311M
