Letters by company

Munic SA

1 letter discussing ALMUN. Everything written about it on this site is on its ticker page.

Castlebay Investment Partners Quarterly investor letter December 2025 Castlebay UK Equity Fund frames durable competitive advantages as cornered resources, citing British American Tobacco, Diageo and Compass Group. The fund cut Admiral after its valuation recovery, opened Greggs and AJ Bell, reduced NEXT and Compass Group, and exited AutoZone while arguing that portfolio companies retain stronger profitability and lower debt than the market. 2025 AMIGF $14BBTI $138BCMPGF $57B