East72
East72 Dynasty Trust
International Large-cap
Jun 2025 → Jun 2026
Our archive holds 3 letters from this strategy, behind 6 investment theses and positions in 27 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of East72 for every strategy.
What it bought and sold
Novo Nordisk -79bp (-74) -28.3%
The consensus expectation of May’s NASDAQ listing for Wise Group PLC facilitating a re-rating of the shares proved (as usual) fallacious – indeed the shares reached an eight-month high on the appointed day and promptly fell 32% in a month, to our benefit.
Exor NV -65bp (-43) -21.7%
Lagardère -71bp (-43) -10.9%
AKER BP ASA -106bp -16.0%
Higher levels of individual security volatility – to the benefit of our largest holding Virtu Financial – served up an opportunity to acquire an archetypal “Peter Lynch/Victor Kiam” business2 in the latest quarter.
Vivendi -93bp (-71) -23.9%
Also held
Its investment theses
- EVT LimitedJun 2026EVT Limited is an asset-rich travel and leisure company where the thesis is growth in asset value and narrowing discount to NAV.
- Wise Group PLCJun 2026Wise Group PLC is a cross-border payments business with strong growth, a scalable economics model, and a competitive advantage versus banks.
- EVT LimitedJun 2026EVT Limited owns a valuable hotel portfolio and benefits from relationships that support further managed growth.
- EVT LimitedJun 2026EVT Limited’s managed hotel platform is growing, well priced, and positioned to scale with higher-return franchise economics.
- EVT LimitedJun 2026EVT Limited’s hotel business is the main growth driver, supported by an asset-light strategy and rising foreign tourism.
- CK HutchisonJun 2025CK Hutchison is a family-controlled security trading at a significant discount, poised for potential value enhancement through fundamental restructuring.