All themes
Buybacks
39 managers wrote about this in 60 letters. Every passage below is copied verbatim from the letter it came from.
Share of letters mentioning it
- 2026 Q122% of 54
- 2026 Q214% of 296
- 2026 Q313% of 53
Expectations of additional capital returns, potentially through special dividends or share repurchases, provided a further catalyst, with the shares reaching a record high during the month.
Read the letter →- AcatisAug 2026
Charter Communica- tions, a cable network operator, is a company that is generally in decline with high share buybacks, whilst Adyen is a rapidly growing stock facing considerable market pessimism.
Read the letter → To help support the stock price amidst the management changes and softer macroeconomic demand (like tepid housing activity and tighter consumer spending), Pool Corp recently: 12 Confidential The Insiders Fund Expanded its share repurchase program to $600 million.
Read the letter →On the positive side, Unilever rose on completion of its share buyback and due to reassurance on 2026 guidance, while Danone and Banca Generali also performed well thanks to accretive M&A and strong inflows respectively.
Read the letter →- Guinness Global Energy FundJul 2026
With our current 2026 and 2027 oil price assumptions, the portfolio should generate substantial free cashflow after capital expenditure, supporting fixed dividends, share buybacks and balance sheet improvement.
Read the letter → In addition to bolt-on acquisitions, over half of net income is returned through dividends and buybacks are executed opportunistically, with the second SEK 100m buyback programme for 2026 beginning in August.
Read the letter →- Guinness Global Innovators FundJul 2026
It has resumed share buybacks – which had been paused while the Warner Bros discussions were ongoing – and these are expected to increase in future quarters.
Read the letter → - Pershing SquareJun 2026
We expect the company’s stock price to increase as the company further expands its recently initiated share buyback program and delivers strong EPS growth over time.
Read the letter → - Baron Focused Growth FundJun 2026
We believe these investments should lead to further growth with excess cash being returned to shareholders through share buybacks and dividends.
Read the letter → - EQUAM Global Value FundJun 2026
Additionally, the group has launched a £20 million share buyback program in 2026, strengthening shareholder returns in the context of a stock price that they—like us—consider to be significantly undervalued.
Read the letter → After repurchasing $70 million in stock in 1Q26, in May VNT increased its share repurchase allocation to $1 billion, stated it would buy at least $125 million in shares in 2Q26 (3% of market value) and devote all FCF for 2026 to share repurchases at current levels.
Read the letter →- Ninepoint PartnersJun 2026
Excess capital has also been earmarked towards a new wave of shareholder returns, including share buyback programs and dividends.
Read the letter → - Baron Generational Growth FundJun 2026
This momentum should support stronger margins and cash flow and enable the company to step up share repurchases.
Read the letter → - Alluvial FundJun 2026
If the bank continues to trade below tangible book value after the deal is completed, I expect they will not hesitate to implement share buybacks.
Read the letter → Investors also welcomed the news of a new sizable share buyback authorization and the introduction of a new 29-foot Easy Mover truck, which is designed to better serve customers moving larger households.
Read the letter →Yet while Givaudan trades at 19.14X forward EBITDA, IFF trades at a steep discount of just 12.23X. Highlighting management's confidence in this valuation gap closing, the company recently instituted its first share buyback program in six years.
Read the letter →The company also continued to return excess capital to shareholders through share repurchases.
Read the letter →Haier Smart Home fell -10.2% in May despite supportive measures including an 18.9m A-share buyback program during the month.
Read the letter →The company also appears to be entering a period of improved capital allocation, with management signaling a greater willingness to deploy its substantial cash balance through share repurchases.
Read the letter →- Horizon KineticsJun 2026
That was the idea— land, not oil—in the original buy recommendation for Texas Pacific Land Trust over 30 years ago: to own the internal, frictionless compounding benefits of share repurchases to increase the per-share acres held.
Read the letter → However, we are encouraged by the company’s improving margins, strong backlog and active share repurchase program.
Read the letter →- Aristotle Value Equity StrategyJun 2026
Management has remained steadfast in returning shareholder value, with $500 million of share repurchases in the first half of the year.
Read the letter → - Baron Durable Advantage FundJun 2026
Our goal is to invest in large-cap companies with, in our view, strong and durable competitive advantages, proven track records of successful capital allocation, high returns on invested capital, and high free-cash-flow generation, a significant portion of which is regularly returned to shareholders in the form of dividends or share repurchases.
Read the letter → - AVI MIGO Opportunities TrustJun 2026
We exited into the aggressive buyback programme that followed at a discount in the low-20%s, and re-introduced Oakley Capital Investments (OCI) to the portfolio at what we believed to be a highly anomalous discount in the high-30%s. On the other side of the ledger, the most significant detractor was perennial underperformer, Aquila European Renewables (AERI).
Read the letter → The charge overshadowed an otherwise solid full-year earnings release, with organic growth, margin expansion and free cash flow all improving, while management reiterated its medium-term guidance and announced another £200 million share buyback.
Read the letter →- Heartland Value FundJun 2026
Our confidence is further buoyed by the fact that management has used free cash flow for an active, consistent buyback program.
Read the letter → These structural changes are driving higher returns on equity through balance sheet optimization, share buybacks, improved capital allocation and stronger corporate governance.
Read the letter →Importantly, it is also now past its capex hump and despite the higher spending, management announced a further share buyback of up to 10% of shares on issue - reflecting confidence in the company's overall cash flows and balance sheet strength.
Read the letter →- Baron Asset FundJun 2026
We continue to own Gartner given its large addressable market, significant competitive advantage, and robust free cash flow generation, which we expect management to deploy toward ongoing, significant share repurchases at valuations that approach historically low levels.
Read the letter → Following Arch’s merger with CONSOL Energy, Core owns some of the lowest-cost and highest-quality thermal and metallurgical coal assets in the U.S. We expect Core to generate a meaningful portion of its current market value in cash over the next few years and to deploy that cash toward share repurchases.
Read the letter →- Harris Associates Japan StrategyJun 2026
The company reported year-over-year growth in revenue and profit and announced a new YEN 30 billion share buyback.
Read the letter → - Deep Sail Capital PartnersJun 2026
The company also has periodically executed share buybacks with excess cash over the last 5 years, reducing shares outstanding by 8% since 2020.
Read the letter → Meanwhile, management continues to grow the dividend and has an active buyback program in place.
Read the letter →The CEO, Jensen Huang, announced a 25-fold increase in its dividend (albeit from a low base) and reiterated the previously announced $80 billion share repurchase programme, meaning that the company plans to return “50% or more of free cash flow to our shareholders this year, next year, and beyond”.
Read the letter →- 1 Main Capital Partners, L.P.Jun 2026
More importantly, these companies continue to deploy capital intelligently — through organic investment, accretive M&A, and share repurchases at attractive valuations — which should drive durable, long-term per-share value growth.
Read the letter → We believe Alexandria’s growth can inflect positively over the next couple years and, in the meantime, the company will sell select properties and accretively recycle capital into share repurchases.
Read the letter →- LVS AdvisoryJun 2026
Hikari pays out around 35% of its earnings in dividends and will allocate excess capital to share buybacks, acquisitions, and public stock market investments.
Read the letter → - Montaka Global FundJun 2026
That’s surely why the company announced a staggering $50 billion share buyback earlier this year.
Read the letter → - LHC Capital High Conviction FundJun 2026
The company also announced a multi-year on-market share buyback of up to US$225 million, principally to offset dilution from stock-based compensation.
Read the letter → Year-over-year earnings per share (EPS) growth across the portfolio accelerated for five consecutive quarters, averaging approximately 31% over that period, a 14- percentage-point acceleration versus five quarters ago.1 We have also observed robust capital return activity across our holdings, characterized by significant share buybacks and raised guidance by many companies in the portfolio.
Read the letter →
Showing the 40 most recent of 60 letters.