Cohort plc

• DO Downing VT Downing Small & Mid-Cap Income Fund Quarterly Commentary – March 2026 ↗ VT Downing Small & Mid-Cap Income Fund added to Dunelm after weaker sales and initiated positions in Renew Holdings, Nichols, Mears Group, Greencore and Luceco. It exited Kitwave, JTC, TP ICAP, Kainos and Speedy Hire, while arguing that Serica Energy and Cohort benefit from stronger operational and defence-spending outlooks. first quarter 2026 COHTF $818MDNLM $2.5BFRP $421M +1
• DO Downing VT Downing Small & Mid-Cap Income Fund Quarterly Commentary – December 2025 ↗ VT Downing Small & Mid-Cap Income Fund exited Forterra, Secure Trust Bank and Hilton Foods, while adding Mortgage Advice Bureau, Advanced Medical Solutions, CVS Group, Moonpig and SSP Group. The fund argues that CVS can resume organic growth after the CMA review, supported by a cash-generative model and flexible capital allocation. Q4 2025 COHTF $818MCVSG $1.2BSFSHF $1.6B +2

All coverage of COHTF →