Brandes

Brandes IP International Small Cap Equity Fund

Jun 2026Jun 2026

Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 5 companies. Every quote below is copied verbatim from the letter it came from.

1 letter in a year follow all of Brandes for every strategy.

What it bought and sold

  • New positionSamsonite GroupJun 2026
    New additions to the Fund’s portfolio included Japanese hematology business Sysmex and Luxembourg-based luggage manufacturer Samsonite Group.
  • ExitedKennametalJun 2026
    Meanwhile, the small cap investment committee exited positions in U.K.-based construction and engineering company Balfour Beatty and uranium company Yellow Cake, as well as machinery business Kennametal.
  • ExitedYellow CakeJun 2026
    Meanwhile, the small cap investment committee exited positions in U.K.-based construction and engineering company Balfour Beatty and uranium company Yellow Cake, as well as machinery business Kennametal.
  • New positionSysmexJun 2026
    New additions to the Fund’s portfolio included Japanese hematology business Sysmex and Luxembourg-based luggage manufacturer Samsonite Group.
  • ExitedBalfour BeattyJun 2026
    Meanwhile, the small cap investment committee exited positions in U.K.-based construction and engineering company Balfour Beatty and uranium company Yellow Cake, as well as machinery business Kennametal.

Also held

  • Montana Aerospace
  • Draegerwerk
  • Aalberts
  • Open Text
  • NICE
  • Fibra Uno
  • Magyar Telekom
  • Ontex Group
  • Globant
  • Mondi
  • Societe BIC
  • Millicom International Cellular
  • Grifols

Its investment theses

Every letter