Bell
Bell Global Sustainable Fund
Global Quality
Mar 2025 → Mar 2025
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Bell for every strategy.
What it bought and sold
With this quantification in mind, the recent 30%+ share price fall appears to capture both these concerns as well as those beginning to surface about the wide macro-economic backdrop, and we have thus used the very recent market weakness to re-establish a position in this high quality, long-term outperformer.
We also established a position in digital platform Uber Technologies.
While we modestly trimmed our position during the period to crystallise gains following the strong rally, we retain conviction in the name given its attractive risk-return profile and ongoing ability to compound through the cycle.
On the other side of the ledger, Tencent was sold from the portfolio following its substantial rally year-to-date.