Guinness
Guinness Global Quality Mid Cap Fund
Global Mid-cap Quality
Dec 2024 → Jul 2026
Our archive holds 10 letters from this strategy, behind 18 investment theses and positions in 35 companies. Every quote below is copied verbatim from the letter it came from.
10 letters in 3 years — follow all of Guinness for every strategy.
What it bought and sold
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
- 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.
- MSCIDec 2025MSCI is a mission-critical, high-margin, asset-light provider of index and analytics tools with recurring revenues and durable growth.
- Vertiv HoldingsDec 2025Vertiv Holdings is a mission-critical power and thermal management leader poised for multi-year AI/data center growth with expanding margins and strong backlog.