“Gained 178% in 2025 (158% when denominated in GBP). Aggressively repurchased shares and increased NAV per share by 41% in GEL during the first 9M 2025. Main public holding (Lion Finance Group PLC) dou”
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.
