Portfolio Update October 2025: Sector Swings in Quality CompoundersConstellation Software – CSU.TO
Pitch Summary: Constellation Software’s recent share price decline amid broader software volatility is seen as a buying opportunity, with its strong acquisition track record supporting its long-term growth potential. BSD Analysis: Constellation Software’s 10% share price decline is attributed to broader software market volatility, but its position as a serial acquirer with over 200 tuck-in […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersCogent Communications Holdings – CCOI
Pitch Summary: Cogent Communications Holdings’ recent share price increase is driven by telecom sector rebound and anticipation for upcoming earnings, supported by its strong dividend yield. BSD Analysis: Cogent Communications Holdings’ 8.9% share price increase reflects positive market sentiment in the telecom sector and anticipation for its Q3 earnings. The company’s 52nd consecutive dividend hike […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersLVMH Moët Hennessy Louis Vuitton – MC.PA
Pitch Summary: LVMH’s strong Q3 earnings and brand resilience amid China’s recovery highlight its dominant position in the luxury sector, supporting its long-term growth potential. BSD Analysis: LVMH’s 17.8% share price increase is driven by strong Q3 earnings, including 9% organic revenue growth led by fashion and leather goods. The company’s brand moat and 25%+ […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersThe Trade Desk – TTD
Pitch Summary: The Trade Desk’s recent leadership appointment and programmatic edge position it well for continued growth, supported by CTV tailwinds and strong NRR. BSD Analysis: The Trade Desk’s 4.1% share price gain reflects its strong market position and growth potential in the advertising technology sector. The appointment of Anders Mortensen as Chief Revenue Officer […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersASML Holding – ASML.AS
Pitch Summary: ASML Holding’s strong Q3 results and guidance highlight its dominant position in the semiconductor industry, driven by EUV technology and AI chip demand. BSD Analysis: ASML Holding’s 10.6% share price increase is driven by stellar Q3 results, including a 15% YoY sales growth and 52% margins. The company’s EUV technology continues to dominate […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersJudges Scientific – JDG.L
Pitch Summary: Judges Scientific’s recent share price decline is seen as a temporary setback, with its strong acquisition track record and shareholder-friendly policies supporting its long-term growth potential. BSD Analysis: Judges Scientific’s 9.2% share price decline is attributed to a quiet month with no short-term triggers. However, the company’s focus on acquisition-driven growth and its […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersComputer Modelling Group – CMG.TO
Pitch Summary: Computer Modelling Group’s recent share price decline presents a valuation opportunity, with its reservoir modeling moat and strategic M&A focus supporting long-term growth. BSD Analysis: Computer Modelling Group’s 14% share price decline is seen as an opportunity to invest in a company with a strong reservoir modeling moat. The company’s focus on energy […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersWatches of Switzerland Group – WOSG.L
Pitch Summary: Watches of Switzerland Group’s recent share price increase is driven by a rebound in the luxury sector, with strong quarterly results and guidance supporting its growth outlook. BSD Analysis: Watches of Switzerland Group’s 6.4% share price increase reflects the luxury sector’s recovery, particularly in the used-watch market led by brands like Rolex and […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersEuronext – ENX.PA
Pitch Summary: Euronext’s recent share price decline due to acquisition news is viewed as a short-term noise, with the company’s wide moat and revenue growth potential supporting its long-term investment thesis. BSD Analysis: Euronext’s 2.7% share price decline following the announcement of a potential Greek stock exchange acquisition is seen as a temporary market reaction. […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersRightmove – RMV.L
Pitch Summary: Rightmove’s recent share price decline amid broader sector weakness is seen as a temporary setback, with expectations for transaction volumes to rebound following potential rate cuts. BSD Analysis: Rightmove’s 6.6% decline reflects broader sector challenges, but its position as a high-moat duopoly player with over 70% market share remains strong. The muted autumn […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersKinsale Capital Group – KNSL
Pitch Summary: Kinsale Capital Group’s solid quarterly performance, with improved combined ratio and operating EPS growth, underscores its strong execution and potential for long-term value creation. BSD Analysis: Kinsale Capital Group’s recent quarterly results highlight its strong operational performance, with a notable improvement in the combined ratio and a 24% increase in operating EPS. Despite […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersKelly Partners Group – KPG.AX
Pitch Summary: Despite a 7.9% dip in share price, Kelly Partners Group presents an attractive entry point due to its strong recurring revenue model and high return on invested capital (ROIC). BSD Analysis: Kelly Partners Group’s recent share price dip offers a potential buying opportunity, supported by Brett Kelly’s openness to buybacks and the company’s […]
Portfolio Update October 2025: Sector Swings in Quality CompoundersNedap – NEDAP.AS
Pitch Summary: Nedap’s strong momentum and earnings update showcasing margin expansion and rising recurring revenue make it a core holding with a robust outlook across all business sectors. BSD Analysis: Nedap has demonstrated significant growth, with a 10.2% surge by the end of October driven by strong earnings. The company’s focus on recurring revenue and […]
Veeva Systems: Vertical SaaS Quality in Life SciencesVeeva Systems Inc. – VEEV
Pitch Summary: Veeva Systems Inc. is a dominant player in the life sciences SaaS market, with a strong moat due to its mission-critical software that supports regulatory compliance and quality control. The company’s Vault platform is deeply embedded in the workflows of major pharmaceutical companies, ensuring high switching costs and durable revenue streams. BSD Analysis: […]
Exor’s Diamonds in the Rough: Ferrari, Lingotto, Philips, StellantisClarivate – CLVT
Pitch Summary: Clarivate faced a 40% decline in share price in 2024, with challenges in market performance and reliance on inorganic growth. The company focuses on subscription revenues and has a high client renewal rate, but operational improvements are needed. BSD Analysis: Clarivate’s struggles highlight the challenges of sustaining growth in the competitive data and […]
Exor’s Diamonds in the Rough: Ferrari, Lingotto, Philips, StellantisCNH Industrial – CNH
Pitch Summary: CNH Industrial delivered a modest 2% shareholder return in 2024, impacted by market headwinds. The company is focused on improving efficiency to enhance future performance. BSD Analysis: CNH Industrial’s performance reflects broader industry challenges, yet its strategic focus on efficiency improvements offers potential for recovery. The agricultural and construction equipment sectors face cyclical […]
Exor’s Diamonds in the Rough: Ferrari, Lingotto, Philips, StellantisPhilips – PHG
Pitch Summary: Philips achieved a 19% shareholder return in 2024, driven by efforts to improve profitability. However, uncertainties in the Chinese market and US litigation pose challenges. Exor’s investment reflects confidence in Philips’s growth potential and margin improvement strategies. BSD Analysis: Philips’s focus on growth and business simplification aims to enhance its profitability and market […]
Exor’s Diamonds in the Rough: Ferrari, Lingotto, Philips, StellantisStellantis – STLA
Pitch Summary: Stellantis faces significant challenges, including competition, regulatory concerns, and operational issues, leading to a -36% total shareholder return in 2024. The company trades at a low valuation, reflecting its struggles. Recent leadership changes aim to address these issues, particularly in underperforming markets like North America. BSD Analysis: Stellantis’s poor performance is evident in […]
Exor’s Diamonds in the Rough: Ferrari, Lingotto, Philips, StellantisFerrari – RACE
Pitch Summary: Ferrari has been a standout performer within Exor’s portfolio, delivering a 36% total shareholder return in 2024. The company’s strong brand, high margins, and ability to capitalize on electrification trends make it an attractive investment. Exor has reduced its position to lessen concentration risk but remains the largest shareholder. BSD Analysis: Ferrari’s ability […]
The $18 Billion Argentina-YPF-Burford MessBurford Capital – BUR
Pitch Summary: Burford Capital’s investment in the YPF litigation case against Argentina represents a potentially massive return on investment, despite recent setbacks in court. The company’s purchase of distressed litigation claims for a minimal cost could yield significant returns if the court rules in their favor. BSD Analysis: The recent appellate court hearing has introduced […]
