Ennismore
Ennismore Global Smaller Companies Fund
Global Small-cap
Dec 2025 → Aug 2026
Our archive holds 5 letters from this strategy, behind 9 investment theses and positions in 23 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 2 years · follow all of Ennismore for every strategy.
Performance
as of Aug 28, 2026 · net of fees · GBP · GBP A
- YTD+4.8%
- Inception · /yr+4.9%
| YTD | Since inceptionper year | |
|---|---|---|
| Ennismore Global Smaller Companies Fund | +4.8% | +4.9% |
Calendar years
- 2025+4.0%
- 2024+6.4%
- 2023+11.4%
- 2022+5.2%
- 2021+10.0%
- 2020−21.3%
- 2019+7.3%
- 2018+18.6%
- 2017+1.3%
Disclaimer
These figures are copied from the manager’s latest letter, as of Aug 28, 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
We added to our position on this drop.
Also held
Its investment theses
- Grupa PracujAug 2026Grupa Pracuj owns Poland's dominant job portal and HR software business, and the fund argues its pricing power, AI-enabled monetisation upside, and optionality make the shares look too cheap.
- NICE Information ServiceMay 2026NICE Information Service is a South Korean credit bureau with scale-driven database advantages, high ROIC, growth options, and a low valuation.
- Midac Holdings Co LtdFeb 2026Midac Holdings Co Ltd is a Japanese landfill operator with strong industry barriers, high margins, improving free cash flow post-capex, and an attractive valuation offering substantial upside potential.
- SaraminHR Co., Ltd.Jan 2026SaraminHR Co., Ltd. is a Korean online job classifieds platform with duopoly positioning, cyclical recovery potential, and a negative enterprise value after divesting Remember Co, offering substantial upside and prudent capital allocation.
- Auto Trader Group plcDec 2025Auto Trader Group plc is the dominant UK auto classifieds platform addressing transaction risk with Deal Builder and buying back stock, trading at a trough multiple with potential inflections ahead.
- Spirax Group plcDec 2025Spirax Group plc is a high-quality engineering company with multiple recovery drivers across biopharma, China STS, and semiconductors, trading at a reasonable valuation.
- Paradox Interactive ABDec 2025Paradox Interactive AB is a strategy game publisher with durable franchises and a looming cash flow inflection, offering attractive value despite recent share price weakness.
- D’Ieteren Group SADec 2025D’Ieteren Group SA is a holding company whose core asset Belron is set for US volume recovery and offers significant upside versus implied valuation with IPO optionality.
- Wise plcDec 2025Wise plc is a leading cross-border payments platform with accelerating growth, rapid Platform adoption, and a compelling valuation supported by strong unit economics.