Antipodes
Antipodes Global Fund
Global
Sep 2025 → Mar 2026
Our archive holds 2 letters from this strategy, behind 4 investment theses and positions in 4 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in 2 years — follow all of Antipodes for every strategy.
Its investment theses
- Woodside EnergyMar 2026Woodside Energy is an LNG and oil producer with a major production step-change, contracted volumes and strong free cash flow potential.
- Barrick Gold CorporationSep 2025Barrick Mining is increasingly attractive due to a recent recovery in production and remains undervalued at a 25% discount to its asset value in the US and Dominican Republic.
- Contemporary Amperex TechnologySep 2025CATL is increasingly favored due to positive outlook driven by rising EV sales and market share growth, despite its stock being priced at 15x forward earnings with medium-term earnings growth of approximately 20% per annum.
- Shin-Etsu Chemical CompanySep 2025Shin-Etsu Chemical Company is a global leader in PVC, silicones, and polysilicon wafers with strong market positioning, high cash flow potential, and growth drivers from AI and recovering demand.