AMG River Road Mid Cap Value Fund
AMG River Road Small Mid Cap Value Fund
Mid-cap Value
Dec 2024 → Jun 2025
Our archive holds 2 letters from this strategy, behind 1 investment thesis and positions in 20 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in 2 years · follow all of AMG River Road Mid Cap Value Fund for every strategy.
What it bought and sold
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).
Both TLN and TXNM were trimmed as they approached/exceeded their assessed valuations.
Positions eliminated in Q1 were (market caps as of month end after sale and convictions at the time of sale are in parenthesis): air cargo services provider Air Transport Services Group Inc. (ATSG, $1.5B market cap, 3.0 conviction), vertically integrated construction materials company Summit Materials, Inc. (Cl A) (SUM, $9.2B, 3.0), dental and animal health products distributor Patterson Companies, Inc. (PDCO, $2.8B, 3.0), business records provider Dun & Bradstreet Holdings, Inc. (DNB, $4.0B, 3.0), and powersports vehicle manufacturer POLARIS® Inc. (PII, $2.3B, 2.5).
Positions eliminated in Q1 were (market caps as of month end after sale and convictions at the time of sale are in parenthesis): air cargo services provider Air Transport Services Group Inc. (ATSG, $1.5B market cap, 3.0 conviction), vertically integrated construction materials company Summit Materials, Inc. (Cl A) (SUM, $9.2B, 3.0), dental and animal health products distributor Patterson Companies, Inc. (PDCO, $2.8B, 3.0), business records provider Dun & Bradstreet Holdings, Inc. (DNB, $4.0B, 3.0), and powersports vehicle manufacturer POLARIS® Inc. (PII, $2.3B, 2.5).
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).
Positions eliminated in Q1 were (market caps as of month end after sale and convictions at the time of sale are in parenthesis): air cargo services provider Air Transport Services Group Inc. (ATSG, $1.5B market cap, 3.0 conviction), vertically integrated construction materials company Summit Materials, Inc. (Cl A) (SUM, $9.2B, 3.0), dental and animal health products distributor Patterson Companies, Inc. (PDCO, $2.8B, 3.0), business records provider Dun & Bradstreet Holdings, Inc. (DNB, $4.0B, 3.0), and powersports vehicle manufacturer POLARIS® Inc. (PII, $2.3B, 2.5).
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).
Positions eliminated in Q1 were (market caps as of month end after sale and convictions at the time of sale are in parenthesis): air cargo services provider Air Transport Services Group Inc. (ATSG, $1.5B market cap, 3.0 conviction), vertically integrated construction materials company Summit Materials, Inc. (Cl A) (SUM, $9.2B, 3.0), dental and animal health products distributor Patterson Companies, Inc. (PDCO, $2.8B, 3.0), business records provider Dun & Bradstreet Holdings, Inc. (DNB, $4.0B, 3.0), and powersports vehicle manufacturer POLARIS® Inc. (PII, $2.3B, 2.5).
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).
Both TLN and TXNM were trimmed as they approached/exceeded their assessed valuations.
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).
New positions in Q1 include the following (market caps and convictions as of month end after purchase are in parenthesis): hematology solutions provider Haemonetics Corporation (HAE, $3.3B market cap, 2.5 conviction), construction materials distributor GMS, Inc. (GMS, $3.3B, 3.0), infusion therapy products provider ICUI Medical, Inc. (ICUI, $3.4B, 3.5), warehouse club operator PriceSmart, Inc. (PSMT, $2.8B, 2.5), transportation and logistics management services operator Hub Group, Inc. (Cl A) (HUBG, $2.5B, 3.0), master planned communities (MPCs) operator Howard Hughes Holdings Inc. (HHH, $4.0B, 3.5), and technology provider CACI International Inc (Cl A) (CACI, $8.2B, 3.0).