Letters by company

Carlsberg AS

2 letters discussing CABGY. Everything written about it on this site is on its ticker page.

East 72 Quarterly Report #15: Period to 30 September 2026 Dynasty Trust sold MFF Capital Investments, Viel et Cie and Frasers Group on valuation and acquisition concerns, then added Vopak, Exor, Carlsberg, Heineken and Prada. The portfolio argues that Bolloré should simplify its holding structure and sees Lagardère’s travel retail and publishing cash flows as materially undervalued. Period to 30 September 2026 BOIVF $11BAVOL $8.5BCABGY $20B
Cambiar Investors Cambiar International Equity Fund Commentary Cambiar International Equity Fund lagged its benchmark as an underweight technology allocation missed an AI-driven semiconductor rally, while patient holdings in Nintendo, Coloplast and MonotaRo hurt shorter-term results. The team added Canadian National Railway and MTU Aero Engines, sold Barry Callebaut, Icon and UCB, and maintained a diversified, valuation-conscious approach with greater Industrials exposure. 2Q 2026 CNI $76BICLR $15BLDNXF $62B