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AnalysesQuarterly Letters✦Warren AI
AnalysesQuarterly Letters✦Warren AI
Ganes

Ganes Focused Value Fund

Value

Jun 2025 → Mar 2026

Our archive holds 4 letters from this strategy, behind 3 investment theses and positions in 3 companies. Every quote below is copied verbatim from the letter it came from.

4 letters in 2 years — follow all of Ganes for every strategy.

Its investment theses

  • Lovisa Holdings LimitedMar 2026Lovisa Holdings Limited is expanding internationally with strong revenue and profit growth while investor concerns over Jewells losses may be short-term, supported by founders' track record and insider buying.
  • AUB Group LimitedMar 2026AUB Group Limited reported profit and dividend growth, benefits from complex-risk brokerage and a high-margin Bizcover platform, continues UK acquisitions, and appears undervalued after AI-driven fears.
  • Fiducian GroupJun 2025Fiducian Group is a successful capital-light financial services business with a strong organic growth model, significant profit increases, and a long track record of shareholder value, highlighted by a recent 26% profit rise and a 20% dividend increase.

Every letter

2026

  • March 2026

2025

  • September 2025
  • June 2025
  • June 2025
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