All themes
Buybacks
163 managers wrote about this in 306 letters. Every passage below is copied verbatim from the letter it came from.
Share of letters mentioning it
- 2024 Q427% of 30
- 2025 Q120% of 40
- 2025 Q219% of 88
- 2025 Q318% of 88
- 2025 Q419% of 129
- 2026 Q120% of 137
- 2026 Q212% of 709
- 2026 Q313% of 878
- 2026 Q45% of 118
- Nakano Japan Growth FundNov 2026
While strengthening its supply base to meet robust demand, it also conducted a 16.1 billion yen share buyback in September, and we highly value the company for pursuing growth investment and agile shareholder returns in parallel.
Read the letter → - Malborough UK Micro-Cap GrowthNov 2026
The company launched a share buyback programme in the month as the board believed the share price undervalued the company and its prospects.
Read the letter → - AcatisOct 2026
These are companies that have P/E ratios between 5 and 15 (and are therefore cheap) and deliver payout yields (dividends plus share buybacks) of up to 15%.
Read the letter → - CDT Capital VNAVOct 2026
The first is to be the biggest bidder of its own stock with thoughtful share repurchase programs and the second is to find a private buyer.
Read the letter → - Platinium AM Platinum TrustOct 2026
The income coming from dividends and share buybacks means that your Fund, as a minority shareholder, gets to benefit from the boom these companies are enjoying.
Read the letter → - Beck Mack & OliverOct 2026
And due to the issuance of new equity and lower levels of share repurchases, net equity issuance has increased dramatically.
Read the letter → - Baron Focused Growth FundSep 2026
Many of these management teams are implementing larger share buyback programs, and we believe some of our investments remain prime takeover candidates for private equity or strategic buyers, given their valuations and continued strong growth prospects.
Read the letter → - Paladin ONESep 2026
Investor Letter Q3 2026 | Paladin Invest Skip to content PALADIN ONE About us Investor Letters Media Library Contact » Contact » PALADIN ONE About us Investor Letters Media Library Contact » Contact » Investor Letter Q3 2026 October 13, 2026 Matthias Kurzrock Dear investors and friends of Paladin, today we take a deeper look at the topic of share buybacks.
Read the letter → Free cash flow has nearly doubled since 2022, and management has continued to reduce leverage while returning capital through dividends and substantial share repurchases.
Read the letter →- Pershing Square Holdings, Ltd.Sep 2026
We believe sustained high-single-digit operating profit growth combined with appropriate financial leverage and an ongoing share repurchase program should allow for a mid-teens total return before considering any potential for an increase in its P/E multiple.
Read the letter → - Cobas Asset Management FundsSep 2026
Alongside the accounts, the holding company announced a share buyback programme of up to 500 million euros to be executed until March 2027, whose first tranche, of 125 million, was launched the following day.
Read the letter → - Oakmark FundSep 2026
So, higher rates make us prefer companies that return cash through share repurchases or dividends over companies that invest in their own growth far into the future.
Read the letter → - Buffalo Funds International FundSep 2026
Management also raised full-year guidance while announcing a treasury share buyback.
Read the letter → - Baron Small Cap FundSep 2026
The management teams of our holdings share this view, as the chart below, which shows heightened share repurchase activity, illustrates.
Read the letter → - Longleaf Partners Global FundSep 2026
EXOR has announced share buybacks and asset sales, leading to its strongest balance sheet ever and improved odds of a reacceleration back to its history of a 15%+ value per share CAGR from 2014 to 2024.
Read the letter → - Baron International Growth FundSep 2026
Management responded by launching a 40 trillion won share buyback and cancellation program in August and pledging to return more than half of cumulative free cash flow through 2027, with long- term agreements with around 10 key customers adding revenue visibility.
Read the letter → - Staude Capital Global Value Fund LimitedSep 2026
TRIG pays a double-digit dividend and operates an active share buyback programme, both of which are highly accretive at today’s deep discount.
Read the letter → Hospital operator Tenet Healthcare rallied on strong earnings driven by cost efficiencies and higher-acuity volumes, alongside a sizable increase to its share buyback program.
Read the letter →The company also increased its dividend, expanded its share repurchase authorization to $1 billion and accelerated its pipeline of new hospitals and beds.
Read the letter →Management also announced a larger share repurchase program, while concerns surrounding a potential buyout of the remaining T-Mobile US shares moderated.
Read the letter →- Aristotle Value Equity StrategySep 2026
Carrier also generates meaningful FREE cash flow, supporting a well-covered and growing dividend while providing additional capital for share repurchases and other capital allocation opportunities.
Read the letter → The evidence this year— improving bookings, stable to accelerating organic growth, and sizable share repurchases—continues to undermine the so-called "SaaSpocalypse" theory.
Read the letter →Encouragingly, VVV announced late in the quarter that its share repurchase authorization was upsized by $175 million to a new $500 million level, and management expects to resume repurchasing its attractively valued stock following the next earnings release.
Read the letter →Low levels of capital return to shareholders: South Korea has historically had lower shareholder payouts, including dividends and share buybacks, than other markets.
Read the letter →The evidence this year— improving bookings, stable to accelerating organic growth, and sizable share repurchases—continues to undermine the so-called “SaaSpocalypse” theory.
Read the letter →Net debt rose materially and gross leverage reached 3.8 times as the company continued to pursue acquisitions and share repurchases.
Read the letter →- AGT PartnersSep 2026
We believe sensible capital allocation, including opportunistic share buybacks, can create meaningful long-term value for remaining shareholders.
Read the letter → - Baron Emerging Markets FundSep 2026
Alongside these positive developments, the company proposed a share buyback.
Read the letter → - Liontrust UK Equity FundSep 2026
Bellway is the fifth-largest UK housebuilder and is a conservatively managed business, which is returning cash to shareholders through share buybacks and dividends.
Read the letter → Management responded by launching a 40 trillion won share buyback and 3 September 30, 2026 NON-U.S./GLOBAL cancellation program in August and pledging to return more than half of cumulative free cash flow through 2027, with long- term agreements with around 10 key customers adding revenue visibility.
Read the letter →- Alluvial FundSep 2026
True to its word, in September Zegona announced a capital return program of €400 million, divided equally between dividends and share repurchases.
Read the letter → - LHC Capital High Conviction FundSep 2026
The company also has an on-market share buyback programme in place, providing an additional avenue for shareholder returns.
Read the letter → - Glendale EquitySep 2026
We reached our target size in Studsvik and again increased weight in IPCO, where we see an attractive combination of lower operational risk, greater cash generation and potential for share buybacks.
Read the letter → - Jupiter UK Dynamic Equity FundSep 2026
Combined with a £100m share buyback programme recently announced, the shares have started their recovery.
Read the letter → - Polaris Capital Management Global Equity CompositeSep 2026
SK hynix, which expects memory demand to exceed supply through at least 2030, was further supported by its KRW 40 trillion share buyback, the largest in South Korean history, and Samsung announced a record shareholder return (mostly dividends) of about KRW 100 trillion for 2026.
Read the letter → A net cash balance sheet provides flexibility as free cash flow recovers, with management targeting meaningful shareholder returns through share repurchases while pursuing capital efficient growth projects and potential germanium extraction from its Powder River Basin operations.
Read the letter →- Polaris Capital Management International Equity CompositeSep 2026
SK hynix, which expects memory demand to exceed supply through at least 2030, was further supported by its KRW 40 trillion share buyback, the largest in South Korean history, and Samsung announced a record shareholder return (mostly dividends) of about KRW 100 trillion for 2026.
Read the letter → Concerns about a weakening labor market, AI disintermediation within the employment services industry and management’s aggressive share repurchase activity drove our ZIP bonds down in Q1.
Read the letter →- Whitefield IndustrialsSep 2026
The discount to asset backing narrowed across the quarter with the Company introducing an on-market share buyback.
Read the letter → Combined with strong cash generation and share buybacks, the company appears well placed to deliver steady earnings growth, despite being valued by many investors as a low-growth business.
Read the letter →
Showing the 40 most recent of 306 letters.