BOL.PA Archives

BOL-PA

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 2, 2025	AVI Global Trust	-	-	3608.T, 4527.T, 6201.T, 6727.T, 6971.T, 7912.T, 7984.T, 8802.T, 9301.T, 9531.T, AKRBF, APO, BOL.PA, CDI.PA, ENT.L, EXOR.MI, FRAS.L, GXIIF, IAC, NWSA, RKT	activism, Buybacks, Discounts, dividends, global, Japan, value	Eight years into Japan journey, managers are as optimistic as ever with developing market for corporate control, increasingly proactive management teams, and governance reform agenda permeating both small and large cap stocks. Combined with low valuations, Japan stacks up very attractively as a market where constructive approach to active engagement can yield real results. Japan exposure now accounts for 23% of NAV compared to 16% a year ago.		View
2025 Q2	Jul 15, 2025	Highwood Value Partners	-	4.2%	ALIM.ST, BOL.PA, BORR.OL, BUR.L, FEVR.L, GETB.L, HFG.DE, JZCP.L, MOTR.L, PROT.OL, RYA.L, TRI.PA	Beverages, Europe, insurance, small caps, SMID Cap, Travel, value	Highwood focuses on finding great businesses at attractive prices trading at significant discounts to intrinsic value. The portfolio trades at 48 cents on the dollar of estimated intrinsic value with a median P/E of 7.6x. The firm's research identified that international small and mid-cap companies have been the happy hunting ground for value investors, with European companies showing the highest base rates for delivering 4x returns.	TRI.PA BORR HFG BOL BUR LN JZCP LN MOTR LN FEVR LN PROT NO TRI FP	View
2025 Q2	Jun 30, 2025	Baron Health Care Fund	-5.1%	-7.6%	005930.KS, 012330.KS, BOL.PA, CNQ, FOXA, GOOGL, MSFT, NVDA, PEP, PG, SCHW, UHAL, UMG.AS, VIV.PA	AI, global, large cap, risk management, semiconductors, value	The fund seeks opportunities where company value is misunderstood and price fairly compensates for risks. They carefully consider pricing and look for mispriced securities in expensive market conditions.	UHAL BOL.PA 005930.KS	View
2024 Q2	Jun 30, 2024	Peapack Private	-	-	005930.KS, 012330.KS, BOL.PA, CNQ, FOXA, GOOG, MSFT, NVDA, PEP, PG, SCHW, UHAL, UMG.AS, VIV.PA	AI, global, Media, risk management, semiconductors, value	The fund seeks opportunities where company value is misunderstood and the price fairly compensates for risks. They carefully consider the price paid for investments and look for mispriced assets. The portfolio is positioned to deliver strong risk-adjusted returns in tumultuous markets.	UHAL BOL.PA 005930.KS	View
2024 Q4	Mar 5, 2025	Palm Harbour Capital	-	-	9404.T, BOL.PA, EOAN.L, GSMI.PS, IGT.MI, LTO.MI, MDIA3.SA, ODET.PA, OWIL.L, PPA.AT, PRT.MI, TKA.VI, UMG.AS, VIV.PA	Europe, gaming, global, inflation, Media, Politics, small caps, value	Fund focuses on overlooked securities trading at significant discounts to intrinsic value with above average returns on capital. Portfolio trades at weighted average P/E of 8.5x with 98% upside to estimated NAV.	ODET.PA	View
2024 Q1	Mar 31, 2024	AVI Global Trust	-	-	9009.T, AKER.OL, BOL.PA, CHRY.L, DIE.BR, ENT.L, FMX, IAC, NWSA, OAKL.L, PEY.L, PIN.L, SCHB.OL, SONG.L	Auto, discount, Europe, Media, private equity, value	The fund focuses on companies trading at discounts to estimated underlying net asset value. News Corp trades at a 38% discount to estimated NAV, while D'Ieteren trades at a 33% discount despite strong earnings growth prospects.	DIE.BR NWSA	View
2024 Q4	Dec 31, 2024	East72 Dynasty Trust	7.7%	17.9%	0012.HK, AVES.SW, BOL.PA, BSD.PA, CAT.AX, CFT.SW, CGI.TO, ELF.TO, FFH.TO, FLOW.AS, HAL.AS, LPE.PA, MFF.AX, MFG.AX, MMB.PA, ODET.PA, SRAD, SVC.TO, VIL.PA, VIRT	Discounts, Europe, Family Control, financials, global, liquidity, small caps, value	Strong performance from liquidity providers Virtu Financial and Flow Traders benefiting from increased volumes and volatility. Manager expects continued volatility in 2025 due to new US administration and high equity valuations, creating promising outlook for liquidity providers across all asset classes.	VIL.PA LPE.PA	View
2024 Q4	Dec 31, 2024	Marlton Partners	13.2%	24.6%	ALHG.PA, API.L, AVAX-USD, BOL.PA, CAN.L, HAVAS.AS, JARA.L, JGC.L, MCG.JO, ODET.PA, PRSR.L, PSH.L, SOL-USD, TPOU.L, TURN, VIV.PA, VPLAY-B.ST	activism, catalysts, Investment Trusts, Liquidations, NAV Discount, real estate, special situations, value	Marlton focuses on asset-covered situations trading at discounts to net asset value with hard catalysts to unlock value. The fund systematically identifies candidates offering periodic exit opportunities at or near NAV across UK Investment Trusts and US Closed-End Funds. Portfolio includes liquidating REITs, controlled conglomerates, and various corporate actions.	API.L JARA.L JGC.L BOL.PA PRSR.L	View
2025 Q3	Nov 4, 2025	VT Holland Advisors Equity Fund	-	-	1211.HK, AMZN, BH, BOL.PA, CACC, CVNA, FRAS.L, GRBK, JDW.L, META, NFLX, NU, NXT.L, PDD, RYA.L, RYM.NZ, SUM.NZ, TSM, WISE.L	Compounding, Fintech, global, growth, Owner-Managers, Quality, technology, value	Fund targets companies that can compound capital at sustainably high rates, seeking businesses with huge runways of growth ahead. Manager emphasizes finding tomorrow's supernatural compounders with visionary founders who rethink their industries and have massive growth potential.	RYM NZ JET2 LN META NU WISE LN	View
2025 Q3	Oct 31, 2025	Bireme Capital	-	-	AAF.L, AAPL, BOL.PA, DIS, HUM, ITRN, ORI, RICK, SWON.SW	Alpha Generation, Behavioral Finance, Cognitive Biases, Concentration, Global Equities, value	Bireme focuses on exploiting cognitive biases to identify mispriced value opportunities in global equities. The firm targets concentrated positions in undervalued securities where behavioral biases create systematic mispricings. Their approach has allowed them to avoid value traps and significantly outperform traditional value strategies.		View
2023 Q3	Oct 30, 2023	Appleseed Fund	0.0%	0.0%	005930.KS, AER, ARDX, BEI-UN.TO, BOL.PA, CF, DG, FNMAS, FNMAT, GNK, HRTX, ITRN, MOS, MRC, SFM, SNV, VFC, WCC	Agriculture, Bonds, Defensive, Deficit, gold, inflation, Treasury, value	The fund believes inflation is not under control and expects it to remain persistently elevated. They view continued inflation as the politically palatable solution to reduce the U.S. debt burden and associated interest costs.	GNK WCC 0TDG LN	View
2024 Q3	Oct 16, 2024	East72 Dynasty Trust	6.3%	0.0%	0012.HK, BOL.PA, CATG.AX, CGI.TO, DIE.BR, ELF.TO, EXO.AS, FLOW.AS, HAL.AS, HWG.L, MFF.AX, MFG.AX, MME.PA, OXY, RBT.PA, SBMO.AS, SFL.MI, TE.PA, VIRTU, VIV.PA, VPK.AS, WAF.DE	Dredging, Energy Transition, European Holdings, Family Control, Maritime, value	Significant exposure to alternative energy through Vopak, parts of Boskalis, SBMO plus Anthony Veder Group totaling about €4billion worth of exposure. HAL Trust has strong emphasis on offshore wind and LNG across multiple holdings. The energy transition is driving structural demand for dredging services, offshore wind farms, and LNG infrastructure.	HAL.AS	View
2025 Q4	Jan 20, 2026	Highwood Value Partners	5.7%	10.2%	2333.HK, ALIM-B.ST, BOL.PA, BORR, BUR.L, FEVR.L, GETB.L, JZC.L, MOT.L, ODET.PA, PROT.OL, RYA.L, STDRL.OL, SYY, TAP, TGO.PA, UMG.AS, VIV.PA, VWS.CO	Capital Cycle, Concentration, energy, Europe, Litigation Finance, special situations, value	Manager emphasizes concentrated value investing approach, buying companies at significant discounts to fair value. Portfolio trades at 48 cents on the dollar of estimated intrinsic value with median P/E of 7.5x. Focus on fundamental bottom-up analysis with 5+ year holding periods. Burford Capital represents the largest position as a litigation finance leader. The business generates returns by funding commercial litigation claims and managing third-party capital. YPF case represents major catalyst with clear judgment in favor. Borr Drilling is a special situation in shallow water drilling rigs. The capital cycle investment thesis centers on industry oversupply working through the system, with rig rates recovering from current levels toward long-run averages as old rigs retire.	RYAAY FEVR LN GETB LN BORR NO BUR LN	View
2023 Q2	Jul 7, 2023	East72 Holdings	6.3%	0.0%	BOL.PA, GOOGL, MANU, MMB.PA, NWSA, UHR.SW, UMG.AS, VIV.PA	Complex Structures, Europe, Family Companies, Logistics, Media, value	Extensive analysis of Universal Music Group as an exceptional business with strong economics, dominant market position, and high-quality annuity characteristics. Discussion of Vivendi's media assets including Canal+ and Havas, with focus on international expansion particularly in Africa and Asia.	ODET.PA BOL.PA	View
2025 Q1	Apr 16, 2025	East72 Dynasty Trust	0.5%	0.5%	0165.HK, 2588.HK, AVLT.SW, BOL.PA, BORR, CFR.SW, CG, FFH.TO, FLOW.AS, HAL.AS, LPE.PA, MFG.AX, MMB.PA, NVO, ODET.PA, PAH3.DE, SRAD, VIE.PA, VIRT, VIV.PA	Aircraft Leasing, Controlled Companies, European Holdings, Luxury, Regional Aviation, Trade Policy, Value Investing	The fund features extensive analysis of the aircraft leasing industry, particularly focusing on regional aircraft and ATR turboprops. The manager discusses the trillion-dollar industry with limited public market exposure and highlights Avation PLC as a unique specialist lessor with significant optionality through ATR purchase rights.	AVAP.L VIV.PA	View
2023 Q1	Mar 31, 2023	East72 Holdings	6.3%	0.0%	0001.HK, 2074.SZ, 8TRA.DE, AML.L, BAIN.PA, BOL.PA, CFR.SW, EXO.MI, GOOGL, IVG.MI, IWG.L, LBRDK, LIF.TO, MC.PA, MFG.AX, MSGS, NWSA, P911.DE, PAH3.DE, PSHZF, QS, RACE, UHR.SW, VIV.PA, VOW3.DE	Autos, Battery, Dynasties, Europe, gaming, IPO, Luxury, value	The fund invests in luxury companies with dynastic control, including SBM (Monaco's luxury gaming and hospitality), Richemont, and Swatch Group. These companies benefit from the ultra-rich demographic and have pricing power. The manager views luxury as a defensive growth sector with strong moats.	VOW3.DE BAIN.PA	View
2023 Q4	Mar 2, 2024	GreenWood Investors	0.0%	16.6%	BOL.PA, CTT.LS, LDO.MI, MEIP, NXE, PDD, RTO.L, UMG.AS	activism, defense, E-Commerce, Europe, Music, Owner-Operators, uranium, value	European Aerospace & Defense is having its moment, being very active. Europe's defense industry will likely experience a decade of tailwinds as the continent responds to its 9/11 moment that occurred in 2022. Leonardo is only just starting to hit its stride with substantial improvement potential.		View
2024 Q4	Jan 15, 2025	Highwood Value Partners	-	4.6%	ALIM.ST, BOL.PA, BORR, BUR.L, FEVR.L, GETB.L, HFG.DE, JZCP.L, MOTR.L, PROT.OL, RYA.L	Europe, Long Term, Quality, SMID Cap, valuation, value	Manager emphasizes buying great businesses at attractive valuations as the core investment approach. Portfolio trades at 0.47x intrinsic value with median P/E of 8.1x versus US markets at historically high valuations. European markets offer compelling value opportunities with select markets at all-time low valuations.	HFG.DE FEVR.L	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	Biondo Investment Advisors	Bollore SE	Communication Services	Media	Bull	Euronext Paris	asset sales, conglomerate, media, NAV discount, net cash, Simplification, Sum-of-parts, transformation, Universal Music Group, Value Realization, Vivendi	View Pitch
Apr 28, 2026	Fund Letters	GreenWood Investors	Bolloré	Industrials	Diversified Support Services	Bull	Euronext Paris	asset monetization, Builder, capital returns, conglomerate, European, NAV discount, Share Buybacks, Value	View Pitch
Apr 28, 2026	Fund Letters	East72 Holdings	Bolloré	Industrials	Industrial Conglomerates	Bull	Euronext Paris	Asset Sale, complex structure, conglomerate, Corporate Restructuring, discount to NAV, family-controlled, france, Logistics, media, Value	View Pitch
Apr 13, 2026	Fund Letters	East72 Dynasty Trust	Bolloré SE	Financials	Diversified Financial Services	Bull	Euronext Paris	cash position, discount to NAV, Equity, france, holding company, media, Universal Music Group, Value, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	AMG Yacktman Focused Fund	Bolloré SE	Communication Services	Media	Bull	Euronext Paris	Asset Sale, cash position, Corporate Simplification, holding company, media, Universal Music Group, value unlock, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	AMG Yacktman Fund	Bolloré SE	Communication Services	Media	Bull	Euronext Paris	Asset Sale, cash position, Corporate Restructuring, De-risked, media, Universal Music Group, value unlock, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	Baron Health Care Fund	Bollore SE	Communication Services	Media	Bull	Euronext Paris	Asset Simplification, balance sheet improvement, conglomerate discount, france, media, NAV discount, Sum-of-parts, Universal Music Group, value unlock, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	FPA Source Capital	Bollore SE	Communication Services	Media	Bull	Euronext Paris	Asset Simplification, balance sheet improvement, conglomerate, discount to NAV, media, net asset value, Structural Transformation, Universal Music Group, value unlocking, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	Peapack Private	Bollore SE	Communication Services	Media	Bull	Euronext Paris	asset value, balance sheet, conglomerate, Corporate Restructuring, discount to NAV, Europe, media, net asset value, Sum-of-parts, Universal Music Group, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	Marlton Partners	Bolloré SE	Capital Markets	Diversified Capital Markets	Bear	Euronext Paris	conglomerate, Corporate action, france, holding company, media, spin-off, Sum-of-parts discount, Value trap	View Pitch
Apr 13, 2026	Fund Letters	AMG Yacktman Focused Fund	Bolloré SE	Media & Entertainment	Media	Bull	Euronext Paris	conglomerate, Corporate Restructuring, france, media, net cash, Sum-of-parts, Universal Music Group, value unlock, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	AMG Yacktman Fund	Bolloré SE	Communication Services	Media	Bull	Euronext Paris	conglomerate discount, france, holding company, media, Spin-offs, Sum-of-parts, Universal Music Group, value unlock, Vivendi	View Pitch
Apr 13, 2026	Fund Letters	AVI Global Trust	Bolloré	Communication Services	Media	Bull	Euronext Paris	complex structure, Controlling Shareholder, france, holding company, Media Conglomerate, NAV discount, spin-off, Universal Music Group, value creation	View Pitch
Apr 13, 2026	Fund Letters	EQUAM Global Value Fund	Bollore SE	Communication Services	Media	Bull	Euronext Paris	Asset Simplification, conglomerate discount, Corporate Restructuring, media, net asset value, Sum-of-parts, Universal Music Group, Value Realization, Vivendi	View Pitch

BSD Shareholders of BOL-PA

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

BOL-PA

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Letters With This Ticker

Pitches With This Ticker

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