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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
Symmetry Invest delivered a robust 15.6% YTD return, outperforming the MSCI EU Small Cap index (10.4%). The newsletter details the manager's weekly schedule and explores 'The 5 Sources of Wealth' by Sahil Bloom, emphasizing time optimization and avoiding status symbols. In the portfolio, Symmetry moved defensively over the summer by trimming gross/net exposure. Key movements include rebalancing out of GiG Software back into Gentoo Media, trimming overvalued positions in Protector, and locking in gains on Admiral. The fund maintains strong conviction in its largest holding, CTT (Correios de Portugal), aiming for a 2027 fair value of EUR 20, and JDC Group, following its promising acquisition of FMK Group.
Symmetry focuses on achieving strong long-term alpha by identifying and concentratedly investing in mispriced European small-cap stocks with strong structural growth, while utilizing short positions and cash-building strategies defensively when risk appetite becomes overly speculative.
The manager remains uncertain about short-term market tailwinds or headwinds for the remainder of the year but maintains a disciplined, defensive preparation to capture long-term results as attractive valuations appear.
As of Aug 17, 2025
Andreas Aaen founded Symmetry Invest A/S in March 2013 after working at BDO, growing the firm from a one-person operation to a team of 6-7 professionals. Aaen demonstrates significant skin in the game with 40% of capital from himself, family, and close associates. Henrik Abrahamson joined as portfolio manager in August 2020, bringing experience from iGaming and professional poker sectors. The team has successfully grown AUM from DKK 85.5 million in 2019 to over DKK 1 billion by 2025 while maintaining strong performance metrics.
Lead Portfolio Manager
Andreas Aasen
Managing Partner
High Conviction Bullish
Market Conviction
High-conviction positioning: Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Growth Outlook
Market outlook remains moderate conviction: Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Risk Appetite
Risk appetite posture is moderate conviction: Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Capital Deployment
Capital deployment remained balanced with selective rotation across positions. Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Forward Guidance
Forward guidance signal: Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Language Signal
Tone analysis indicates above average conviction language: Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Perceived Risk
Perceived risk level is evaluated as above average conviction. Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Time Horizon
Investment time horizon reflects a high conviction orientation. Symmetry reports a strong 15.6% YTD return while shifting defensively to build cash reserves. Key core positions like CTT and JDC Group continue to show stellar underlying performa...
Top Conviction Themes
Key Catalysts
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