Letters by company
Diageo PLC
4 letters discussing DEO. Everything written about it on this site is on its ticker page.
- Oldfield Partners Overstone World All Cap Equity Fund July 2026 Commentary Overstone World All Cap Equity Fund argues that extreme AI-related valuations and narrowing market leadership resemble conditions preceding prior reversions to the mean. It finds opportunity in depressed UK equities, particularly globally exposed Rio Tinto and Diageo and domestically focused Marston’s and Barratt Redrow. July 2026 SPCX
- Tweedy, Browne Tweedy, Browne Funds Commentary, Q2 2026 Tweedy, Browne Funds added Capgemini and bioMérieux at discounts to conservative intrinsic-value estimates, while trimming chemicals holdings and positions approaching estimated value. The managers warn that AI-led capital spending, elevated technology valuations and speculative market behavior resemble conditions preceding the 2000 technology bubble. Q2 2026 —
- 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
- Tweedy, Browne Tweedy, Browne Funds Commentary, Q1 2026 Tweedy, Browne established positions in Autotrader, Bunzl and Springer Nature, citing discounts to intrinsic value, financial strength and growth runways. The firm trimmed several appreciated holdings, reduced Diageo amid changing drinking patterns and GLP-1 concerns, and repositioned its high-dividend fund to emphasize undervalued companies pursuing dividends or buybacks. Q1 2026 —
