Ennismore
Ennismore European Smaller Companies Fund
Europe Small-cap
Dec 2024 → Jul 2026
Our archive holds 14 letters from this strategy, behind 22 investment theses and positions in 26 companies. Every quote below is copied verbatim from the letter it came from.
14 letters in 3 years — follow all of Ennismore for every strategy.
Also held
Its investment theses
- Bravida Holding ABJul 2026Bravida Holding AB is a Nordic MEP contractor positioned to benefit from multi-year data centre buildout, with rising order intake, structurally attractive end-market tailwinds, and potential for sales growth, margin expansion, and valuation rerating.
- Genuit Group PlcFeb 2026Genuit Group Plc is a leading UK plumbing and ventilation products manufacturer with durable scale advantages, regulatory and infrastructure tailwinds, operational improvements under new management, and attractive valuation upside versus peers.
- Catella ABJan 2026Catella AB is a Swedish property investment manager with a high-quality recurring PIM platform, margin expansion and recovery tailwinds, refreshed leadership, and an attractive valuation implying significant upside.
- SAF-Holland SEDec 2025SAF-Holland is a top-two trucking components player with resilient aftermarket profits and significant upside from a low-cycle valuation.
- Secure Trust Bank PlcDec 2025Secure Trust Bank is a refocused UK specialist lender with stronger capital, improved returns prospects, and significant upside from a depressed valuation.
- STO SE & Co KGaADec 2025STO SE & Co KGaA is a resilient leader in insulation systems with strong balance sheet and energy-efficiency tailwinds trading at a depressed multiple.
- Thermador Groupe SADec 2025Thermador Groupe is a dominant French HVAC and water management distributor with strong ROIC, resilient model, and cyclical recovery upside.
- Deutsche Wohnen SEDec 2025Deutsche Wohnen is a dominant Berlin residential landlord trading at a steep NAV discount with supportive cash flows and potential buyout catalysts.
- Vetoquinol SADec 2025Vetoquinol is a resilient animal health company with high barriers to entry, improving mix, and structural growth supporting attractive upside.
- EVS Broadcast Equipment SADec 2025EVS Broadcast Equipment is a leading live TV production hardware and software provider with innovation-led growth and attractive valuation upside.