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Olesen Value Fund's investment thesis on DeLclima S.p.A. ($DLC.MI) — Q4 2025 | Buyside Digest

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$DLC.MINASDAQDeLclima S.p.A.

BULL

Olesen Value Fund—DLC.MI

Fund Letter

Q4 2025

Published January 1, 2026

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Price pending

—

—Pitched

Pending market quote

Market CapN/A

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

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From the Fund Letter

Acquired shares of the Italian HVAC manufacturer in 2014, identifying that write-downs in a non-core radiator unit were masking the profitability of its core HVAC business. The investment thesis...

— Christian Olesen

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