- 2025 Portfolio Update Focus Capital Management plans to trim or potentially exit Kingsgate despite improved Chatree cash generation, while adding to Valeura and Burford on valuation grounds. Silicon Motion’s controller launches and enterprise opportunity support the long-term thesis, while Burford’s YPF appeal remains central to its valuation case. 2025 BUR $832MKSKGF $721MSIMO $7.1B
One letter so far. We collect each new one as Focus Capital Management publishes it.
