A concentrated portfolio built from our highest-conviction research ideas.
The portfolio is where the research process becomes capital allocation.
It typically holds 15 positions and is built around Quality, Price, Odds, and Sizing.
Portfolio Snapshot
Since Nov 2025 · Updated Aug 2026
True Time-Weighted Rate of Return: +36.4%
Return on Invested Capital: +15.3%
Realized Gains: +10.6%
Dividend Contribution: +1.05%
Closed Positions
M P Evans Group — £13.10 → £17.00 — +29.8%
PACCAR — ~$105.37 → $132.96 — +26.2%
Cal-Maine Foods — $84.48 → $86.27 — +2.1%
Ipsos — €31.61 → €40.14 — +27.0%
Sanlorenzo — €29.80 → €38.44 — +29.0%
Anima Holding — ~€6.08 → €7.16 — +17.9%
Halozyme — ~$69.56 → $104.87 — +50.8%
Current Holdings
Access our Live Portfolio through the link below to see current holdings, position sizing and performance.
