Aristotle
Aristotle Global Equity Advisory
Global
Jun 2026 → Jun 2026
Our archive holds 2 letters from this strategy, behind 9 investment theses and positions in 8 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of Aristotle for every strategy.
What it bought and sold
- ExitedTokyo CenturyJun 2026
Given this overlap and the clearer catalysts we see in these opportunities, we elected to exit Tokyo Century and redeploy the proceeds.
- New positionWal-Mart de MexicoJun 2026
During the quarter, we sold our positions in Danaher, Dolby Laboratories, and Tokyo Century and purchased Techtronic Industries and Wal-Mart de Mexico.
During the quarter, we sold our positions in Danaher, Dolby Laboratories, and Tokyo Century and purchased Techtronic Industries and Wal-Mart de Mexico.
As a result, while we continue to view Dolby as a high-quality franchise and will monitor its monetization efforts, we believe the remaining catalysts lack the visibility and timing we require, and exited the position.
Also held
Its investment theses
- Wal-Mart de Mexico SAB de CVJun 2026Wal-Mart de Mexico combines dominant scale, omnichannel growth, strong ROIC, and valuation upside from store expansion and margin gains.
- Techtronic Industries Co. Ltd.Jun 2026Techtronic Industries is a leading power-tool franchise with strong brands, a battery ecosystem moat, attractive valuation, and multiple growth catalysts.
- Jazz PharmaceuticalsJun 2026Jazz Pharmaceuticals is building long-term value through differentiated therapies, a growing oncology franchise, and strong cash flow generation.
- QualcommJun 2026Qualcomm is diversifying beyond handsets into connected computing, benefiting from AI and connectivity tailwinds while generating strong free cash flow.
- DanaherJun 2026Danaher is a disciplined healthcare platform with recurring revenue, strong capital allocation, and a culture that supports margin expansion and free cash flow.
- Munich ReJun 2026Munich Re benefits from scale, diversification, strong capital, and technology investments that support attractive returns across insurance cycles.
- Dolby LaboratoriesJun 2026Dolby Laboratories was valued for its asset-light licensing model, intellectual property, and exposure to immersive media demand.
- Tokyo CenturyJun 2026Tokyo Century was owned for its diversified leasing and specialty finance platform, strong balance sheet, and aviation leasing catalysts.
- Wal-Mart de Mexico SAB de CVJun 2026Wal-Mart de Mexico benefits from scale, strong ROIC, omnichannel growth, and attractive valuation tied to store expansion and margins.