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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q2 | Jul 4, 2024 | Ennismore European Smaller Companies Fund | - | 3.0% | ASLI.L, CBOX.L, COST.L, EVS.BR, IGG.L, MUTU.MI, SDG.L, STHR.L, STO3.DE | Absolute return, Europe, Long/Short, small caps, special situations | The fund invested in abrdn European Logistics Income PLC, a closed-end fund owning 25 mid-box logistics sites across Europe with concentration in Spain and Netherlands. The investment thesis centers on the wind-down strategy eliminating the 22% discount to NAV by selling properties and returning cash to shareholders. The manager expects 30% upside to December 2025 driven by structural growth in e-commerce demand for logistics sites. | ASLI.L |
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| 2024 Q1 | Apr 5, 2024 | Ennismore European Smaller Companies Fund | 0.7% | 0.7% | CGD.PA, COST.L, ESNT.L, EVS.BR, IGG.L, JUST.L, MGAM.L, MOL.MI, SPT.L, STEM.L, STO3.DE, VOS.DE, VRLA.PA | Europe, Glass, Long/Short, M&A, small caps, value | European glass manufacturing industry is oligopolistic with high barriers to entry and has experienced significant volume declines in 2023 due to weak consumption and destocking. The manager believes these factors are temporary and expects recovery as destocking ends and economic conditions improve. | VRLA.PA |
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| 2023 Q4 | Jan 5, 2024 | Ennismore European Smaller Companies Fund | - | 2.1% | COST.L, CXS.L, EVS.BR, IGG.L, MOL.MI, STO3.DE, ULP.L, VTU.L | Europe, Long/Short, small caps, software, technology, value | Celebrus Technologies represents a key software investment with data capture and fraud detection capabilities. The company has transformed from partner-led to direct sales model, increasing recurring revenues from £4.8m to £17m, with new applications including fraud detection and analytics driving growth potential. | View | |
| 2024 Q1 | Jul 4, 2024 | Gehlen Brautigam | 0.7% | 6.8% | AKW.PA, ANM.MI, BALCO.ST, BLV.L, GUI.PA, GYM.L, HFG.DE, IWB.MI, IWG.L, KAMUX.HE, KSB3.DE, MAB.L, NA9.DE, ORG.L, PHLL.L, SAFH.DE, SKB.DE, STO3.DE, TPFG.L | Europe, Franchising, Property, Recovery, small cap, Uk, value | The UK housing market is facing substantial disruptions since 2022 with significant turmoil in 2023. The property sales market has been in decline over the past two years with only signs of recovery in early 2024. The lack of housing supply continues with landlords facing ongoing legislative and financing challenges. | TPFG.L |
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| 2023 Q4 | Jan 28, 2024 | Gehlen Brautigam | 0.7% | 6.8% | ANIM.MI, BFIT.AS, BIJ.DE, GYM.L, KAMUX.HE, KSB.DE, MAB1.L, PHLL.L, SAF.DE, STO3.DE | consumer, dividends, Europe, industrials, small caps, value | The fund is invested in around 20 selected European and UK small and micro caps. The managers believe many European and UK small and micro caps are priced below intrinsic value and historically inexpensive compared to large and mid caps, which could lead to above average returns over the medium to longer term. | BHARATBIJ.NS |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| 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. | ||||||||