Letters by company

Johnson Controls International plc

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

Lyrical Asset Management 2025 Global Review Letter Lyrical Global credits bottom-up stock selection and portfolio earnings growth for keeping pace with a market led by mega-cap technology and European banks it avoided. It retained AI beneficiaries NRG Energy, Johnson Controls and Flex, sold United Rentals after it reached intrinsic value, and argues AerCap offers a more resilient financial-services model than banks. 2025 AER $23BFLEX $41BJCI $95B
Lyrical Asset Management 2025 U.S. Value Review Letter Lyrical Asset Management argues that capitalization-weighted S&P 500 gains have been driven by valuation expansion rather than superior earnings growth, leaving its value portfolio at a wide discount despite faster historical EPS growth. AI-linked holdings NRG Energy, Johnson Controls and Flex helped offset multiple compression elsewhere, while United Rentals was sold after reaching fair value. 2025 —