Guinness
Guinness Pan-European Equity Income Fund
Europe Large-cap Income
Jun 2026 → Aug 2026
Our archive holds 3 letters from this strategy, behind 2 investment theses and positions in 60 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in a year — follow all of Guinness for every strategy.
What it bought and sold
We sold our position the same day at approximately £57.94, capturing the bulk of the uplift while avoiding the completion risk inherent in the months-long path to shareholder and regulatory approval that remained ahead.
In May, we sold Recordati and purchased shares in Games Workshop.
In May, we sold Recordati and purchased shares in Games Workshop.
Also held
Its investment theses
- DiplomaJul 2026Diploma is a decentralized distributor with strong margins, high capital returns, resilience, and attractive relative valuation.
- Games WorkshopJun 2026Games Workshop is a high-quality Warhammer business with strong pricing power, loyal customers, high cash generation, and growth runway.