Letters by company
Ayala Corporation
4 letters discussing AYYLF. Everything written about it on this site is on its ticker page.
- Oldfield Partners Overstone World All Cap Equity Fund 3Q 2025 Commentary Overstone World All Cap Equity Fund trimmed Barrick after the miner’s management upheaval and unusually wide production margins. It added Ayala Corp. as a double-discount holding company and retained Samsung and SK Inc for lower-valuation AI exposure, while favouring conventional businesses trading below net asset value. 3Q 2025 AYYLF $5.3BB $64BSSNLF $1688T
- Oldfield Partners Overstone World All Cap Equity Fund 2Q 2025 Commentary Overstone World All Cap Equity Fund benefited from value reratings in SK Inc, Lloyds Banking Group and Aberdeen Group, while Toyota Industries received an inadequate intra-group bid. The fund added Ayala Corporation for its asset-value discount and Trainline following profit growth and buybacks, judging proposed UK rail-ticketing competition to be distant and uncertain. 2Q 2025 AYYLF $5.3BESYJY $5.2BLYG $78B
- Oldfield Partners Overstone World All Cap Equity Fund 1Q 2026 Commentary Overstone World All Cap Equity Fund cut ArcelorMittal and Jardine Matheson early in March, then rebuilt its ArcelorMittal position at a lower price. The portfolio retained easyJet and Barrick Mining despite near-term pressures, arguing that depressed valuations outside the US reward a contrarian focus on durable businesses. 1Q 2026 B $64BESYJY $5.2BMT $47B
- Oldfield Partners Overstone World All Cap Equity Fund 4Q 2025 Commentary Overstone World All Cap Equity Fund retained exposure to Samsung, SK, ArcelorMittal, Jardine Matheson, Aberdeen and Barrick Mining while selling Lloyds Banking. The portfolio argues that US policy volatility and concentrated index ownership are reviving diversification demand, while neglected traditional businesses retain modest valuations. 4Q 2025 JMHLY $16B
