East72
East 72 Dynasty Trust
Europe Mid-cap
Mar 2025 → Mar 2026
Our archive holds 4 letters from this strategy, behind 11 investment theses and positions in 25 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 2 years · follow all of East72 for every strategy.
What it bought and sold
- ExitedDouglas GroupMar 2026
Consequently, in February, Carlyle Group, Vivendi, Nelnet, Tetragon Financial, Douglas Group and First Pacific were amongst stocks divested.
Consequently, in February, Carlyle Group, Vivendi, Nelnet, Tetragon Financial, Douglas Group and First Pacific were amongst stocks divested.
- ExitedTetragon FinancialMar 2026
Consequently, in February, Carlyle Group, Vivendi, Nelnet, Tetragon Financial, Douglas Group and First Pacific were amongst stocks divested.
- ExitedHong Kong and Shanghai HotelsMar 2026
We also exited Hong Kong and Shanghai Hotels after a singularly disappointing “strategic review” announced in mid-March with minimal detail and actions we believe require significant capital spend.
Consequently, in February, Carlyle Group, Vivendi, Nelnet, Tetragon Financial, Douglas Group and First Pacific were amongst stocks divested.
Consequently, in February, Carlyle Group, Vivendi, Nelnet, Tetragon Financial, Douglas Group and First Pacific were amongst stocks divested.
Consequently, in February, Carlyle Group, Vivendi, Nelnet, Tetragon Financial, Douglas Group and First Pacific were amongst stocks divested.
Also held
Its investment theses
- Bolloré SEMar 2026Bolloré SE is a cash-rich conglomerate with a significant UMG stake and potential value realization via special dividends, strategic UMG transactions, and ongoing buybacks amid a deep discount to liquidation value.
- Virtu Financial Inc.Mar 2026Virtu Financial Inc. is a leading US market maker whose shift toward capital deployment and high-return growth is undervalued relative to structural trading-volume tailwinds and could drive materially higher earnings.
- HAL TrustMar 2026HAL Trust is a diversified Dutch holding company trading at a significant discount to a sum-of-parts valuation uplifted by listed assets and an under-marked Boskalis stake, offering a margin of safety.
- Avation PLCDec 2025Avation PLC is improving its balance sheet and visibility while trading at a discount to NAV, with clear fleet growth and cash flow optionality.
- D’Ieteren GroupDec 2025D’Ieteren Group trades at a large sum-of-the-parts discount despite high-quality assets and has initiated buybacks after reducing parent debt.
- Hansa Investment CompanyDec 2025Hansa Investment Company trades at a deep discount to NAV with substantial pro-forma cash and buybacks offering significant value accretion.
- BolloréSep 2025Bolloré is experiencing a significant decline in valuation due to corporate missteps, a complex asset ownership structure, and legal uncertainties, impacting investor confidence despite stable performance in some key investments.
- ExorSep 2025Exor is facing a triple discount but may close its NAV gap through strategic asset divestments and capital liberation over the next few years.
- Swatch GroupSep 2025Swatch is an undervalued luxury brand with strong marketing and design skills, presenting a compelling investment opportunity driven by potential capital management, improved outlook in Greater China, brand revitalization, and favorable changes in the US tariff environment.
- Avation PlcMar 2025Avation is poised for significant shareholder value enhancement at £1.44 per share due to its unique position as the sole publicly listed regional aircraft lessor, upcoming debt refinancing, growth potential in aircraft leasing, and favorable market conditions.