Letters by company

Grifols SA

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

White Falcon Capital Management Q3 2026 Partner update letter White Falcon sold Rentokil Initial and CoStar after AI-related customer-acquisition and platform risks weakened conviction, reallocating capital to higher-conviction ideas. It retains Rocket Companies and Real Matters as contrarian housing positions, and argues that Grifols and Canadian Solar can benefit from cash generation, deleveraging and operational progress. Q3 2026 CSGP $13BCSIQ $650MGRFS $5.2B
White Falcon Capital Management Q4 & FY 2025 Partner Update Letter White Falcon added to AMD during April volatility, built a small housing-recovery basket including Huntsman, and trimmed or exited positions whose valuations no longer offered sufficient margin of safety. The firm argues that EPAM, Nu Holdings, NFI and its precious-metals royalties retain favorable long-term setups while markets show increasingly speculative AI pockets. Q4 & FY 2025 HUN $1.5BAMD $905BATZ $10B