Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Aug 31, 2024 | Kernow Asset Management | - | 16.2% | CMCX.L, FRAS.L, GFRD.L, HSX.L, JET2.L, MTRO.L, RMV.L | contrarian, Long/Short, tax policy, United Kingdom, value, volatility | Global markets experienced extreme volatility in August with the VIX spiking from 12 to 65, its highest level since COVID-19. Japan dropped 12% in a single session, yet markets recovered within a week. The manager views this volatility as opportunity, increasing their CMC Markets position during the panic. | RMV.L JET2.L CMCX.L |
View |
| 2026 Q1 | Apr 28, 2026 | Plural Investing | -11.6% | -11.6% | JDG.L, JET2.L, PLOW | Acquisitions, industrials, small caps, Travel, Uk, value | JDG.L PLOW |
View | |
| 2026 Q1 | Apr 26, 2026 | VT Holland Advisors Equity Fund | -9.5% | -9.5% | AMZN, JET2.L, META, NFLX, NU, SQ, TSM, WISE.L | Compounding, Concentration, long-term, Owner-Managers, Sustainable Competitive Advantages | NFLX NU WISE.L META JET2.L |
View | |
| 2026 Q1 | Apr 21, 2026 | Vela International Fund | -0.9% | -0.9% | ABEV, ABF.L, AGI, ALLFG.L, ARCO, BAKKA.OL, DUE.DE, GLOB, GRG.L, HIK.L, IPAR, ITP.PA, JET2.L, NOMD, OGC.TO, SBRE.L, SU, TTE, UMG.AS, UNTR.JK, WIE.VI | energy, Geopolitical, gold, international, Luxury, Travel, value | View | ||
| 2023 Q3 | Nov 10, 2023 | Plural Investing | 9.2% | 3.1% | CXI.TO, JET2.L | Drawdown, Intrinsic Value, small caps, Travel, undervalued, value | The fund holds two major travel-related investments: Currency Exchange International (foreign banknotes for travel) and Jet2 (UK package holiday business). Both companies serve the travel market and have been impacted by post-Covid recovery dynamics, with CXI benefiting from competitor Travelex's exit and Jet2 achieving record profits despite macro headwinds. | JET2.L CXI.TO |
View |
| 2025 Q3 | Oct 21, 2025 | Plural Investing | -9.1% | -5.6% | GLIB.A, JDG.L, JET2.L, SEG, WOSG.L | Buybacks, Europe, real estate, small caps, spinoffs, Telecom, Travel, value | The fund focuses on businesses trading at substantial discounts to intrinsic value, with portfolio companies estimated to trade at just 43% of their intrinsic value in three years. The manager emphasizes buying businesses worth substantially more than their trading price and welcomes volatility as opportunities to invest at better prices. | GLIBA WOSG JDG SEG JET2 GLIBA SEG JET2 |
View |
| 2024 Q2 | Jul 17, 2024 | VT Holland Advisors Equity Fund | 0.0% | 9.8% | AMZN, COST, FRAS.L, JDW.L, JET2.L, NVDA, RYAAY, TSM | Airlines, E-Commerce, Owner Managers, Scale Economy, semiconductors, technology | Amazon represents a powerful Scale-Economy-Shared model that the fund seeks globally. The manager sees huge potential for AWS in B2B services, particularly AI deployment, where Amazon's trusted relationships and efficiency-sharing approach could drive significant growth. | AMZN TSM FRAS.L |
View |
| 2023 Q1 | Apr 20, 2023 | Plural Investing | 9.2% | 3.1% | CXI.TO, JET2.L | consumer, international, payments, small caps, Travel, value | Travel recovery continues to drive earnings growth for portfolio companies. CXI benefits from travel recovery as banknotes are typically used for travel, with the Covid downturn masking major market share gains. Jet2 reached a milestone becoming the UK's largest package holiday operator with 20% market share, up from 14% pre-Covid. | JET2.L CXI.TO |
View |
| 2024 Q4 | Jan 16, 2025 | Plural Investing | 4.9% | 8.2% | JET2.L, SEG, WOSG.LN | Luxury, real estate, small caps, Spin-Offs, Travel, United Kingdom, value | Jet2 is a UK package holiday business with the strongest competitive position in the industry, best management team, and long runway for double-digit growth. The company has grown market share from 2% to 22% over the last decade through excellent customer service and retention, with 60% of customers booking another holiday within two years versus 40% at competitor TUI. | SEG WOSG.LN JET2.L |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| May 13, 2026 | Fund Letters | VT Holland Advisors Equity Fund | Jet2 PLC | Travel Services | Airlines | Bull | New York Stock Exchange | Airlines, cash-rich, compounder, Leisure Travel, Post-Pandemic Recovery, UK, Value | View Pitch |
| Apr 28, 2026 | Fund Letters | Plural Investing | Jet2 plc | Consumer Discretionary | Hotels, Restaurants & Leisure | Bull | London Stock Exchange | Airlines, Customer service, Founder Transition, market share growth, package holidays, Share Buybacks, Travel, UK, Value | View Pitch |
| Apr 27, 2026 | Fund Letters | Plural Investing | Jet2 plc | Consumer Discretionary | Hotels, Restaurants & Leisure | Bull | London Stock Exchange | Airlines, Customer service, founder-led, market share gains, package holidays, post-COVID recovery, Tourism, UK Travel, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | Kernow Asset Management | Jet2 PLC | Industrials | Airlines | Neutral | London Stock Exchange | Airlines, cash generation, Customer-Centric, Cyclical, fleet-expansion, Leisure Travel, UK, Value | View Pitch |
| Apr 13, 2026 | Fund Letters | Plural Investing | Jet2 | Consumer Discretionary | Hotels, Restaurants & Leisure | Bull | London Stock Exchange | Customer service, Europe, growth, Leisure, market share gains, package holidays, Tourism, Travel, UK, Value | View Pitch |
| Mar 31, 2026 | Substack | Wonderstcks | Jet2 Plc | Travel and Aviation | Leisure Airline | Bull | London Stock Exchange | Customer service, financial health, Fleet renewal, Fuel hedging, Leisure airline, London Gatwick expansion, market leadership, package holidays, Sustainability, UK travel market | View Pitch |
| Mar 16, 2026 | Substack | Triples Investing | Jet2 plc | Airlines | Leisure Travel | Bull | London Stock Exchange | cash reserves, growth potential, Jet2, Leisure Travel, market valuation, package holidays, Share Buybacks, travel industry risks, UK airline, UK public markets | View Pitch |
| Dec 1, 2025 | Substack | Wonderstcks | Jet2 plc | Consumer Discretionary | Travel Services | Bull | Airbus fleet, airline industry, customer experience, economic downturn, growth potential, Jet2, Market Resilience, package holidays, UK market, undervaluation | View Pitch |
| 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. | ||||||||