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Alphyn Capital Management

Dec 2024 → Sep 2025 · Publishes quarterly

Our archive holds 4 letters from Alphyn Capital Management, behind 15 investment theses. Every quote below is copied verbatim from the letter it came from.

Alphyn Capital Management’s own letters page
4
Letters
0
Companies
0
Moves
15
Theses

Theses · 15

  • September 2025

    Alphabet is well-positioned in AI with a vertically integrated stack that enhances efficiency and user engagement while experiencing strong growth in Google Cloud and solid financial performance.

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  • Brookfield Corporation is positioned for substantial growth with a 25% annualized target in distributable earnings per share by 2030, supported by robust capital inflows and strategic investments in essential infrastructure, including AI and renewable energy.

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  • September 2025

    Burford Capital is facing uncertainties in its share price due to ongoing litigation with Argentina over a $16 billion YPF judgment, with potential outcomes expected as late as 2027, while its underlying business shows strong capital demand and growth potential.

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  • Melrose Industries is poised for strong cash generation as it transitions into a pure-play aerospace leader, with recent results indicating significant improvements in free cash flow and profitability ahead of anticipated restructuring completions.

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  • September 2025

    Prosus NV is transitioning into a global technology operator with a focus on building a leading lifestyle eCommerce company, achieving positive free cash flow and outlining a clear path for substantial earnings growth independent of its major holding, Tencent.

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  • September 2025

    Roko AB is a Scandinavian decentralized serial acquirer led by Fredrik Karlsson, designed to leverage a disciplined capital deployment strategy while empowering acquired companies' management teams for sustained profit growth.

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  • September 2025

    Terravest Industries is a key manufacturer in durable markets facing short-term challenges due to missed earnings expectations and increased financing costs, yet it has strong growth potential through recent acquisitions and an active M&A strategy.

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  • June 2025

    Amazon.com Inc is a self-funded compounding machine with a growing structural edge, driven by AWS growth and an expanding advertising business, while generating significant free cash flow to support investments in AI and connectivity.

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  • Brookfield Corp. is experiencing significant growth with a 27% increase in distributable earnings, record fee-related earnings, and new investments that leverage structural tailwinds like digitization, decarbonization, and deglobalization to drive capital compounding.

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  • Cogent Communications Inc. is poised for significant upside due to its rapid wavelength circuit activation and strong potential cash flow, despite current challenges from its Sprint integration.

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  • Fairfax Financial Holdings Ltd is well-positioned for attractive long-term returns due to its disciplined underwriting, growing float, increased fixed-income yields, and strong associate earnings.

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  • Kingsway Financial Services is a market cap company focused on future acquisition-driven growth, facing mixed execution across its portfolio, but aiming for increased acquisitions that could significantly expand earnings if managed effectively.

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Letter archive · 4

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