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 |
|---|---|---|---|---|---|---|---|---|---|
| 2023 Q2 | Jul 28, 2023 | Azvalor Iberia | - | 9.4% | ARCH, DEC.PA, ELE.MC, Gold, GRF.MC, NE, NOV, PSG.MC, PSK.TO, TLW.L, TRE.MC, TS.PA, TUB.MC | contrarian, Discipline, energy, Europe, gold, Spain, valuation, value | Azvalor emphasizes disciplined value investing, buying companies trading below intrinsic value and selling when they reach fair value. The fund's price-to-value ratio indicates attractive returns ahead, contrasting with expensive broader markets where only 10 companies drove 82% of S&P 500 returns. | View | |
| 2022 Q1 | May 11, 2022 | Azvalor Iberia | 11.0% | - | A3M.MC, ALTR.LS, CASH.MC, CAT.MC, ENO.MC, GALP.LS, LDA.MC, LOG.MC, TRE.MC, TUB.MC, ZOT.MC | Coal, Concentration, Europe, gold, Mining, Outperformance, Spain, value | View | ||
| 2024 Q4 | Feb 20, 2025 | Azvalor Iberia | - | 3.4% | PSG.MC, TUB.MC | Buybacks, Concentration, dividends, Europe, Spain, value | Azvalor positions itself as a value investing manager, focusing on good businesses bought at attractive prices during periods of temporary market pessimism. The firm emphasizes investing against major market fashions and narratives, with portfolios that differ significantly from indices. | PSG.MC TUB.MC |
View |
| 2024 Q4 | Feb 20, 2025 | Azvalor Internacional | - | 0.0% | PSG.MC, TUB.MC | Concentration, contrarian, Europe, long-term, Spain, value | Azvalor focuses on investing against major market fashions and narratives, building portfolios of good businesses bought at attractive prices during periods of temporary market pessimism. The firm emphasizes finding companies trading at valuations unbefitting their quality and competitive position for cyclical reasons. | PSG.MC TUB.MC |
View |
| 2023 Q4 | Feb 28, 2024 | Azvalor Iberia | 0.0% | 23.9% | CASH.MC, EDV.TO, ENO.MC, Gold, IMB.L, JDW.L, MCG.L, NE, NOV, TLW.L, TRE.MC, TS, TUB.MC, VALE, WHC.AX | contrarian, energy, Europe, Mining, Spain, value | Azvalor focuses on investing in companies trading at significant discounts to intrinsic value. The funds currently trade at around 55% of their estimated value, suggesting long-term expected returns above 10%. The firm emphasizes analyzing each company's fundamentals while avoiding market timing predictions. | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Azvalor Iberia | Tubacex | Materials | Steel | Bull | Madrid Stock Exchange | acquisition strategy, energy infrastructure, manufacturing, Spain, Steel, turnaround, Value-added products | View Pitch |
| Apr 13, 2026 | Fund Letters | Azvalor Internacional | Tubacex | Materials | Steel | Bull | Madrid Stock Exchange | Industrial, Management transformation, manufacturing, Seamless tubes, Spain, Steel, turnaround, Value-added products | 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. | ||||||||