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北京时间·🕒 发布 00:05:40时区推断·⟳ 抓取 00:09:55·⚡ 决策 07-25 00:10:43 +48s·94.9 天前
Miller Value Deep Value Select 二季度新建 Coty 仓位并称其估值显著错配
该信号本质是基金季度持仓与投资观点披露，不是 Coty 的订单、业绩、指引、监管或经营层面的新增事实。
📄 原文Seeking Alpha↗ 原文
Miller Value Deep Value Select initiates Coty stake, calls it 'significantly mispriced' in Q2
- During the quarter, Deep Value Select was up 5.80% (net of fees), though behind the S&P 1500 Value Index’s 8.42% and…
不做 Coty（COTY.US）
基金季度持仓观点不等于公司新增催化，无法量化短周期收入、利润或订单变化，不做。
不做 Crescent Energy（CRGY.US）
仅为基金持仓回顾和加仓描述，没有当前事件新增的公司级利好或利空，不做。
不做 Gray Media（GTN.US）
仅为基金持仓回顾和加仓描述，没有当前事件新增的公司级利好或利空，不做。
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研究档案
🔎 新鲜度:最早出现 2026-07-24 · 扩散 low · price-in 风险 medium ↗
关键理由
- 该信号本质是基金季度持仓与投资观点披露，不是 Coty 的订单、业绩、指引、监管或经营层面的新增事实。
- “显著错配”和“多年转型”属于主观估值判断，无法形成短周期、可回测的公司级收入或利润传导。
- Crescent Energy 和 Gray Media 仅为基金持仓回顾及加仓描述，也没有披露新的公司基本面催化。
主要风险
- 基金观点可能带来轻微信号扩散，但缺少一手公司增量信息，追随买入容易变成风格/估值交易而非事件交易。
原文全文
展开原文 · 556 字
- During the quarter, Deep Value Select was up 5.80% (net of fees), though behind the S&P 1500 Value Index’s 8.42% and the S&P 600 Value Index’s 15.93%.
- During the quarter, it initiated a position in Coty (COTY), calling it a "significantly mispriced consumer beauty company in the midst of a multi-year turnaround."
- The fund said that its two largest detractors during the quarter were Crescent Energy (CRGY) and Gray Media (GTN), whose share prices declined 21.9% and 7.6%, respectively. However, it has recently increased positions in both holdings.
- During the quarter, it initiated a position in Coty (COTY), calling it a "significantly mispriced consumer beauty company in the midst of a multi-year turnaround."
- The fund said that its two largest detractors during the quarter were Crescent Energy (CRGY) and Gray Media (GTN), whose share prices declined 21.9% and 7.6%, respectively. However, it has recently increased positions in both holdings.
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