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Cooper Investors

Dec 2024 → Sep 2026 · Publishes quarterly · 9 funds

Our archive holds 14 letters from Cooper Investors, behind 23 investment theses and positions in 78 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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14
Letters
78
Companies
15
Moves
23
Theses

9 strategies

Cooper Investors publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

What they bought and sold · 15 moves

  • AddedSigma Healthcare Limited
    September 2026
    “We added to our Sigma Healthcare holding during the quarter.”
    Read the letter
  • TrimmedCME Group
    June 2026
    “CME’s competitive advantage stems from a combination of liquidity and regulation. The second of these is now uncertain and we have reduced the position accordingly.”
    Read the letter
  • Exitedfreee K.K.
    June 2026
    “We have sold the investment accordingly.”
    Read the letter
  • New positionDaikin Industries
    June 2026
    “We have increased our focus on reversionary opportunities and over the quarter initiated investments in two new businesses – Daikin Industries (6367) and Corteva (CTVA).”
    Read the letter
  • New positionCorteva
    June 2026
    “We have increased our focus on reversionary opportunities and over the quarter initiated investments in two new businesses – Daikin Industries (6367) and Corteva (CTVA).”
    Read the letter
  • New positionThe Lottery Corporation
    June 2026
    “During the quarter, we initiated a position in the Lottery Corp (TLC).”
    Read the letter
  • ExitedRyan Specialty
    June 2026
    “We have exited the position, however, and continue to monitor the pricing trends closely with a view to re-investing once the pricing environment stabilises.”
    Read the letter
  • AddedFranco-Nevada Corporation
    September 2025
    “Franco Nevada (+115bps) which is benetting from the ongoing rally in gold (+46% YTD to US$3,840/oz).”
    Read the letter
  • New positionMotorola Solutions
    September 2025
    “Motorola Solutions (MSI) is a newer position in a business we have admired for many years.”
    Read the letter
  • AddedRyman Healthcare
    December 2024
    “During the quarter, we increased our investment in Ryman Healthcare (RYM) reecting increased conviction in its reversionary VoF attributes.”
    Read the letter
  • New positionBlueScope Steel
    December 2024
    “We established a position in BlueScope Steel (BSL) during the December quarter.”
    Read the letter
  • AddedDeterra Royalties
    December 2024
    “Finally, several of the Fund’s resource sector exposures performed poorly in the quarter, including recent addition to the portfolio Deterra Royalties (DRR).”
    Read the letter
  • AddedCleanaway
    December 2024
    “Consistent with our key objectives for downside protection, we added Cleanaway (CWY) and Origin Energy (ORG) to the portfolio which display VoF attributes (Stalwarts, Asset Plays, and Improving Operating Trends) in the current economic cycle.”
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  • AddedOrigin Energy
    December 2024
    “Consistent with our key objectives for downside protection, we added Cleanaway (CWY) and Origin Energy (ORG) to the portfolio which display VoF attributes (Stalwarts, Asset Plays, and Improving Operating Trends) in the current economic cycle.”
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  • AddedCSL Ltd
    December 2024
    “We added to our CSL Ltd (CSL) position during the December quarter as the market took a negative view to CSL’s R&D Investor Brieng and the potential for a more challenging US Health Policy setting under a Trump administration.”
    Read the letter

Companies held · 78

Every company Cooper Investors has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 23

  • TKO Group Holdings
    September 2026

    TKO Group, the founder-run owner of UFC and WWE, is held for its intense value-creating leadership that renews media rights at higher rates, extracts new monetisation and adds sports properties.

    Read the full thesis
  • South32 Limited
    September 2026

    South32's aluminium divestment crystallises value, strengthens its balance sheet and refocuses it on copper and zinc growth commodities.

    Read the full thesis
  • Sigma Healthcare Limited
    September 2026

    Sigma Healthcare's Chemist Warehouse offers a value proposition, purchasing scale and domestic and international store expansion potential.

    Read the full thesis
  • Guzman y Gomez
    September 2026

    Guzman y Gomez is a Mexican-inspired QSR whose Australian operations enjoy unmatched structural advantages in customer proposition, restaurant economics and distribution, supporting strong earnings growth.

    Read the full thesis
  • Stevanato Group
    September 2026

    Stevanato Group makes pharmaceutical glass containers for injectable biologics, and its capacity expansion positions it to benefit from the structural shift toward biologics and a meaningful cash flow inflection.

    Read the full thesis
  • Shenandoah Telecommunications
    September 2026

    Shenandoah Telecommunications is a US broadband player whose fibre offerings remain superior in speed and reliability to satellite competitors, with minimal subscriber loss to Starlink.

    Read the full thesis
  • CME Group
    September 2026

    CME Group's exchange business continues to perform strongly with 16% volume growth and record revenues and earnings, while the competitive threat from perpetual futures is limited for its institutional client base.

    Read the full thesis
  • Ramsay Health Care Limited
    June 2026

    Ramsay Health Care Limited is supported by an inflection point in the Australian private hospital sector, improving utilisation, tighter cost control, market share gains, and a more constructive funding backdrop.

    Read the full thesis
  • Liberty Media
    June 2026

    Liberty Media owns Formula One and MotoGP, with visible growing cash flows, long-term contracts, and attractive monetisation upside in MotoGP.

    Read the full thesis
  • Daikin Industries
    June 2026

    Daikin Industries is a leading Japanese HVAC manufacturer trading at a discount to peers with margin improvement and capital return upside.

    Read the full thesis
  • Corteva
    June 2026

    Corteva is restructuring by spinning off its Seeds business, which the fund views as an underappreciated high-return oligopoly.

    Read the full thesis
  • CME Group
    September 2025

    CME Group is the largest global derivatives exchange operator with high operating margins, strong network effects, and stable royalty-like revenues.

    Read the full thesis

Letter archive · 14

2026

2025

2024

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