Antipodes
Antipodes Emerging Markets Fund
Emerging markets Large-cap
Sep 2025 → Mar 2026
Our archive holds 3 letters from this strategy, behind 11 investment theses and positions in 10 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of Antipodes for every strategy.
Its investment theses
- Alibaba GroupMar 2026Alibaba Group is a platform and cloud company investing heavily in AI with accelerating cloud growth and attractive long-term momentum.
- Tencent HoldingsMar 2026Tencent Holdings is a leading platform company investing in AI infrastructure with long-term monetisation potential.
- GlobantMar 2026Globant is an IT services company repositioning toward AI-native delivery and higher-margin subscription offerings.
- CATLMar 2026CATL is a global battery leader with strengthening competitive position, structural electrification tailwinds, and long-term growth.
- HD Hyundai Marine SolutionMar 2026HD Hyundai Marine Solution is a high-margin, asset-light maritime services business with recurring demand and retrofit growth.
- Hyundai Motor CompanyDec 2025Hyundai Motor is expanding hybrids and EVs, benefiting from reduced tariff risk and optimized production while gaining share in North America.
- ASE Technology Holding Co., Ltd.Dec 2025ASE Technology Holding is a leading OSAT partner to TSMC benefiting from AI-driven advanced packaging demand, with strong earnings growth and an undemanding valuation.
- Kokusai Electric CorporationDec 2025Kokusai Electric is a leader in niche wafer fab equipment leveraged to AI/5G capex and memory recovery, with offshore expansion supporting growth.
- PT Mayora Indah TbkDec 2025PT Mayora Indah is a leading Indonesian F&B company with strong brands and exports, facing a margin tailwind from lower input costs and an attractive compressed valuation.
- Globant S.A.Dec 2025Globant is a digital engineering leader positioned for complex AI-enabled projects, with a strong pipeline and historically low valuation supported by buybacks.