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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
Alphyn Capital returned 3.0% net in Q3 2025 versus 8.1% for the S&P 500, with the portfolio holding 17% cash and top ten positions comprising 68% of holdings. The manager focuses on capital allocation excellence across diverse compounding structures, from massive internal reinvestment engines like Alphabet and Amazon to investment platforms like KKR and Brookfield, and serial acquirers like new holding Roko. Key contributors included Alphabet, which benefited from favorable antitrust ruling and strong AI positioning, Prosus accelerating its transformation into a global technology operator, and Brookfield delivering robust results with $100 billion in capital inflows. Gold performed strongly amid debasement concerns and central bank demand. Detractors included Terravest following earnings miss and increased financing costs from acquisitions, and Burford facing delays in YPF judgment enforcement. The manager initiated a position in Roko, a Scandinavian serial acquirer led by former Lifco CEO Fredrik Karlsson, and exited Cirata after the growth thesis failed to materialize.
Focus on management teams that allocate capital effectively through disciplined reinvestment and operational excellence, seeking compounding value creators across diverse structures including internal reinvestment engines, investment platforms, and serial acquirers.
Manager remains focused on progress through the rest of 2025 with meaningful portion of net worth invested alongside clients.
As of Oct 1, 2025
Samer Hakoura is the founder and Chief Investment Officer of Alphyn Capital Management with 25 years of experience managing family businesses and investment portfolios. His background includes working at Deutsche Bank London on over $11 billion in M&A and financing transactions. He holds an MBA from the Wharton School (2003-2005) and a MChem from Oxford University (1994-1998), with two peer-reviewed publications and Series 65 FINRA certification. Hakoura commits 70% of his investable assets to ACML's strategies, ensuring complete alignment with clients. His practical experience includes owning and operating a supermarket business in Turks and Caicos for 15 years.
Lead Portfolio Manager
Moderate Conviction Bullish
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