Letters by company

Imcd N.V

3 letters discussing IMCDY. Everything written about it on this site is on its ticker page.

Night Watch Investment Management Q3 2026 Update Night Watch Investment Management retained Marex as its largest counter-cyclical position, arguing that volatility-driven earnings, high reinvestment returns and a modest valuation remain underappreciated. The portfolio added Azelis and IMCD, expecting tight petrochemical supply, depleted inventories and renewed chemical demand to support specialty-distribution margins and consolidation. Q3 2026 AZLGF $3.3BIMCDY $6.9BMRX $5.1B
Fiduciary Management Q1 2026 Investment Strategy Outlook Fiduciary Management favors high-quality, discounted businesses with strong balance sheets as the Iran war disrupts energy markets and pressures cyclical holdings. It argues that housing repair and remodeling demand should recover, while AI concerns have created opportunities in Huron Consulting, Booking Holdings, and IMCD. Q1 2026 BKNG $119BHURN $2.7BIMCDY $6.9B
REQ Capital Full Year Investment Report 2025 REQ Capital argues that vertical-market software holdings remain defensible against AI disruption because of mission-critical workflows, switching costs and entrenched customer relationships, and it added to Constellation Software, Topicus and Lumine. The firm backed Röko’s IPO, exited Instalco, initiated Berner Industrier, and emphasizes decentralized acquisition-driven businesses with durable reinvestment runways. Full Year 2025 BEIA-B $1.7BBERNER-B $126MBRO $24B