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 10 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.
What it bought and sold
We added to our AUB holding and slightly trimmed PWR Holdings on valuation grounds.
We added to our AUB holding and slightly trimmed PWR Holdings on valuation grounds.
Also held
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.