Guinness
Guinness Global Quality Mid Cap Fund
Global Mid-cap Quality
Dec 2024 → Aug 2026
Our archive holds 11 letters from this strategy, behind 20 investment theses and positions in 42 companies. Every quote below is copied verbatim from the letter it came from.
11 letters in 3 years — follow all of Guinness for every strategy.
What it bought and sold
We bought a new position in Tradeweb Markets and sold our position in Recordati.
We bought a new position in Tradeweb Markets and sold our position in Recordati.
We made three changes to the Fund’s holdings during the first quarter, selling our positions in Sonova, Checkpoint and DiaSorin, whilst initiating positions in Adyen, Nasdaq and BESI.
We made three changes to the Fund’s holdings during the first quarter, selling our positions in Sonova, Checkpoint and DiaSorin, whilst initiating positions in Adyen, Nasdaq and BESI.
We made three changes to the Fund’s holdings during the first quarter, selling our positions in Sonova, Checkpoint and DiaSorin, whilst initiating positions in Adyen, Nasdaq and BESI.
We made three changes to the Fund’s holdings during the first quarter, selling our positions in Sonova, Checkpoint and DiaSorin, whilst initiating positions in Adyen, Nasdaq and BESI.
We made three changes to the Fund’s holdings during the first quarter, selling our positions in Sonova, Checkpoint and DiaSorin, whilst initiating positions in Adyen, Nasdaq and BESI.
Also held
Its investment theses
- NasdaqAug 2026Nasdaq is a financial infrastructure and software business whose shift toward recurring, mission-critical revenue is supporting strong margins, cash flow, and medium-term growth.
- Tradeweb MarketsAug 2026Tradeweb Markets is an electronic fixed-income and multi-asset marketplace benefiting from secular electronification, network effects, capital-light growth, and strong free cash flow.
- WSP GlobalJul 2026WSP Global is a diversified engineering and advisory compounder with strong backlog, margin expansion, and infrastructure and energy-transition tailwinds.
- InficonJul 2026Inficon is a high-margin, cash-generative picks-and-shovels supplier to semiconductor and vacuum-coating equipment markets with secular AI and capex tailwinds.
- Monolithic Power SystemsJun 2026Monolithic Power Systems provides focused, margin-accretive exposure to AI-driven power management and power bottlenecks.
- BE Semiconductor IndustriesJun 2026BE Semiconductor Industries offers high-margin, indispensable exposure to advanced packaging driven by AI and semiconductor complexity.
- Edwards LifesciencesJun 2026Edwards Lifesciences is a leader in TAVR with long runway growth from ageing demographics and therapy expansion.
- BE Semiconductor Industries NVMar 2026BE Semiconductor Industries NV is the leader in hybrid bonding technology with strong margins and secular growth drivers despite near-term concerns.
- Adyen NVMar 2026Adyen NV is a network-agnostic, end-to-end payments platform with strong merchant-led growth and an attractive entry point after a de-rating.
- Nasdaq, Inc.Mar 2026Nasdaq, Inc. is a data-rich fintech platform with high recurring revenues and proprietary assets supporting double-digit growth and an attractive valuation.