What smart money is saying about TSN
TSN
No fund has written a full thesis on TSN in our archive, but 7 fund letters report a position in it — most recently Towle Small-Cap Value Strategy in September 2026.
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Fund signal · last 12 months
6 lettersToo few moves on TSN yet for a clear signal
+1
Net flow
2 buys · 1 new position · 67%1 sell
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 7 fund letters reported a position in TSN, with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 0 |
| Q2 2026 | 4 | 1 | 1 | 0 |
| Q4 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 7 positions · 5 moves
- New positionTowle Small-Cap Value StrategySeptember 2026
“VALT's First Quarter: Grading Our Q3 2025 Decisions* Bought Sold Ticker Stock Return‡ Decision Alpha† Ticker Stock Return Decision Alpha† HOUS** 111% +88% SNBR -100% +131% UNFI 72% +42% GT -37% +61% SNX 69% +33% WOOF -24% +58% BWA 50% +26% AAP -11% +47% MYRG 16% +1% ASTL -3% +39% SANM 15% -3% CBRL 0% +36% LYFT 12% -5% TSN -6% +29% OSK -14% -38% UAA 3% +21%”
TSN - June 2026
“We added to the portfolio’s holdings in Intuit, Lowe’s, Medtronic, Meta (Facebook), Nike, PepsiCo, TE Connectivity, Thermo Fisher Scientific, and Tyson Foods.”
TSN - June 2026
“Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, BJ's Wholesale Club and Tyson Foods, where we believe capital can be allocated more effectively elsewhere.”
TSN - June 2026
“We added to Cisco Systems and Lumentum Holdings, reflecting our improving conviction in their respective wealth creation outlooks and attractive valuations. We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market. We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings. Nebius is emerging as a compelling beneficiary of growing AI infrastructure demand through its neocloud platform and is increasingly moving from concept to commercial reality. Arm, meanwhile, remains a high-quality accelerator within our framework, with an expanding addressable market in data centre and AI workloads that we believe is not fully reflected in current consensus expectations. Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, BJ's Wholesale Club and Tyson Foods, where we believe capital can be allocated more effectively elsewhere.”
TSN - June 2026
“We continued to upgrade the portfolio, increasing exposure to areas where we see stronger long-term wealth creation opportunities and more attractive risk-reward characteristics. We added to Cisco Systems, Lumentum Holdings and Hannover Re, reflecting improving conviction in their respective wealth creation outlooks and attractive valuation support. We also initiated a position in QXO, taking advantage of share price weakness to gain exposure to what we believe could become a leading consolidator in the highly fragmented building products distribution market. Within industrials, we switched part of our position from Volvo into Daimler Truck. While both companies score similarly within our framework, we believe Daimler Truck offers the more attractive valuation opportunity. The company is executing a significant operational turnaround, and current earnings expectations appear overly conservative given improving freight market conditions and the potential benefits from ongoing cost reduction initiatives. We increased the portfolio's exposure to specific parts of the AI infrastructure theme through purchases of Nebius Group and Arm Holdings. Nebius is emerging as a compelling beneficiary of growing AI infrastructure demand through its neocloud platform and is increasingly moving from concept to commercial reality. Arm, meanwhile, remains a high-quality accelerator within our framework, with an expanding addressable market in data centre and AI workloads that we believe is not fully reflected in current consensus expectations. Funding for these purchases came from several lower-conviction holdings including Flutter Entertainment, Comcast, Church & Dwight, BJ's Wholesale Club and Tyson Foods, where we believe capital can be allocated more effectively elsewhere.”
TSN - HoldsClipper FundDecember 2025
“Finally, a key category in our portfolio is what we call oversold and under-earning. We could also call this group “the overlooked” but, as value investors, want to make sure to avoid value traps. These are businesses that have durability in the sense that they are not likely to be disrupted and can withstand cyclical downturns while, at the same time, are attractively valued on somewhat depressed earnings. They may be under temporary or cyclical earnings pressure. This gives us two ways to win potentially—a recovery in earnings and an upgrade in market valuation. We can mention two poster children for this theme in the portfolio. One is Tyson Foods, in reality the largest protein producer in America, supplying both chicken and beef on a mass scale.”
TSN - June 2025
“Industrials: Resilient, Non-Linear Growth In an age of digitization, software, AI, content creation, advertising, and hot consumer brands, companies that operate railroads and generate electricity (Berkshire Hathaway), extract copper (Teck Resources), manufacture insulation (Owens Corning), raise food (Tyson) or produce energy (Tourmaline Oil) may sound dull, but our civilization cannot function without their products.”
TSN
Also mentioned · 2
These funds discuss TSN — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Tyson Foods, a processor and marketer of chicken, beef, pork and prepared foods, continued to face challenging conditions in its beef business, where elevated cattle costs and limited livestock supplies pressured margins.”
TSN - MentionedGreenhaven Road Capital FundJune 2026
“As outlined in previous letters and the presentation sent last quarter, Burford has invested more than $150M in price-fixing cases involving proteins—chicken, beef, turkey, and pork. For much of that capital, Burford retains all of the upside rather than sharing it with a client, and it controls when the cases settle. Unlike the Argentina case, the defendants are very large companies, including Tyson Foods (TSN), Pilgrim’s Pride (PPC), Koch Foods, and Cargill.”
TSN
Read the letters behind these TSN positions
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