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Goodhart Partners

Mar 2026 → Jun 2026 · 4 funds

Our archive holds 8 letters from Goodhart Partners, behind 9 investment theses and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.

Goodhart Partners’s own letters page
8
Letters
11
Companies
6
Moves
9
Theses

What they bought and sold · 6 moves

  • ExitedSoitec
    June 2026
    “I trimmed meaningfully and sold the remainder at EUR150 as I could no longer justify the returns within my multi-bagger framework”
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  • TrimmedAngi
    June 2026
    “Angi, -50%, a small position and subsequently sold due to a change in thesis”
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  • AddedSoitec
    June 2026
    “We wrote last quarter that we had increased our position following meetings with management, sensing the fundamentals were closer to turning than the share price implied.”
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  • New positionams-OSRAM
    June 2026
    “Alongside Soitec and ASML, we have built new positions in ACM Research and ams-OSRAM this quarter, adding to our existing holding in PDF Solutions since launch.”
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  • ExitedSanuwave
    June 2026
    “I sold with shares down 10% on the day and 30% from purchase.”
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  • New positionACM Research
    June 2026
    “Alongside Soitec and ASML, we have built new positions in ACM Research and ams-OSRAM this quarter, adding to our existing holding in PDF Solutions since launch.”
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Companies held · 11

Every company Goodhart Partners has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 9

  • ACM Research
    June 2026

    ACM Research is held as a mid-cap semiconductor value-chain business with idiosyncratic drivers and less dependence on the semiconductor capex cycle.

    Read the full thesis
  • ams-OSRAM
    June 2026

    ams-OSRAM is viewed as a mid-cap semiconductor value-chain business with idiosyncratic drivers and resilience to the broader capex cycle.

    Read the full thesis
  • Bakkafrost
    June 2026

    Bakkafrost is expected to benefit from a Scotland recovery, ending one-off salmon supply pressure, structurally growing salmon demand, and potential El Nino-related supply disruption.

    Read the full thesis
  • Katakura Industries
    June 2026

    Katakura Industries is a deep-value Japanese property and conglomerate play with a fortress balance sheet, valuable assets, and a large discount to NAV.

    Read the full thesis
  • AG Barr
    June 2026

    AG Barr is a Scottish drinks company with improving growth ambitions, cost savings from capex, and a low valuation supporting attractive earnings growth.

    Read the full thesis
  • Rheinmetall
    June 2026

    Rheinmetall is a German defense prime with a strong strategic position, benefiting from Germany’s rearmament and an overdone share price sell-off.

    Read the full thesis
  • Bonesupport
    March 2026

    Bonesupport is an orthobiologics company with a differentiated injectable bioceramic and long-term growth potential at a more acceptable valuation.

    Read the full thesis
  • RaySearch Laboratories
    March 2026

    RaySearch Laboratories is a radiotherapy software company with durable relevance and long-term growth now available at a more attractive price.

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  • Diageo
    March 2026

    Diageo is a premium spirits company with attractive long-term emerging-market growth and an appealing valuation.

    Read the full thesis

Letter archive · 8

2026

Funds · 4

  • Goodhart Partners European Fund2
  • Goodhart Partners Global Future Leaders Fund2
  • Goodhart Partners Global Real Return Fund2
  • Goodhart Partners Global Smaller Companies Fund2

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