Broyhill
Broyhill Equity Composite
Sep 2026 → Sep 2026
Our archive holds 1 letter from this strategy, behind 5 investment theses and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Broyhill for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD
- YTD+1.9%index +13.4%
Index: MSCI All Country World Index
| YTD | |
|---|---|
| Broyhill Equity Composite | +1.9% |
| MSCI All Country World Index | +13.4% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Finally, we sold CACI in September after the shares rallied on its fiscal fourth-quarter report.
We exited the parent, now a pure-play automation company, when that discount to its peers closed.
We added to the position in September.
Microsoft added about 110 basis points, most of it in July, the month we added to the position.
- ExitedMidera Food ProcessingSep 2026
We sold Midera Food Processing following its spin out from Middleby.
We trimmed the position in September and exited the position after quarter-end.
We trimmed the position in August as part of our portfolio construction discipline.
We initiated one position during the quarter in Alphabet
Also held
Its investment theses
- Thermo Fisher ScientificSep 2026Thermo Fisher Scientific is benefiting from broad-based demand recovery and management’s raised guidance.
- MicrosoftSep 2026Microsoft is seeing accelerating Azure growth, widening Copilot adoption, and strong free cash flow despite AI capex concerns.
- ValvolineSep 2026Valvoline is supported by execution, pricing power, and a view that pricing can persist even if base oil costs normalize.
- AlphabetSep 2026Alphabet was bought after a sell-off because demand exceeds supply and its TPU exposure offers attractive AI-related optionality.
- Honeywell AerospaceSep 2026Honeywell Aerospace is attractive for its entrenched supply-chain position, high ROIC, and strong free cash flow.