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Hardman Johnston

Dec 2024 → Sep 2026 · 6 funds

Our archive holds 26 letters from Hardman Johnston, behind 34 investment theses and positions in 76 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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26
Letters
76
Companies
18
Moves
34
Theses

6 strategies

Hardman Johnston publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

What they bought and sold · 18 moves

  • New positionTeva Pharmaceutical Industries Ltd.
    September 2026
    “During the quarter, we initiated a position in Teva Pharmaceutical Industries, which is shifting from generics toward higher-growth, higher-margin branded drugs, with upside potential from its pipeline (notably duvakitug for inflammatory bowel disease) and biosimilars.”
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  • ExitedCommerzbank AG
    June 2026
    “We fully liquidated our investments in Commerzbank AG, Meta Platforms Inc. Class A, and Universal Display Corp.”
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  • ExitedProsus N.V.
    June 2026
    “We fully liquidated our investments in Prosus N.V. and Commerzbank AG.”
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  • New positionNetflix, Inc.
    June 2026
    “During the quarter, we initiated one new position in Netflix, Inc.”
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  • ExitedMeta Platforms Inc. Class A
    June 2026
    “We fully liquidated our investments in Commerzbank AG, Meta Platforms Inc. Class A, and Universal Display Corp.”
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  • ExitedUniversal Display Corp.
    June 2026
    “We fully liquidated our investments in Commerzbank AG, Meta Platforms Inc. Class A, and Universal Display Corp.”
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  • ExitedProsus N.V.
    March 2026
    “we decided to exit Prosus at this time given increased headwinds and reduced visibility.”
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  • ExitedAtlassian Corp
    March 2026
    “We exited Atlassian despite resilient fundamentals because AI-driven uncertainty continues to overwhelm the stock’s valuation support.”
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  • ExitedPayPal Holdings, Inc.
    March 2026
    “The company has not demonstrated that it can capitalize on what should be strong competitive advantages in the digital payments space, leading us to exit the position.”
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  • ExitedHDFC Bank Limited
    March 2026
    “During the quarter, we exited our position in HDFC Bank Limited.”
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  • New positionAlbemarle Corporation
    March 2026
    “We established a new position in ALB, a global leader in lithium with Tier 1, low-cost assets, in particular in the Chilean salar and Western Australia.”
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  • New positionBroadcom Inc.
    March 2026
    “We initiated a position in Broadcom as one of the clearest beneficiaries of accelerating hyperscaler AI capex and custom compute deployment.”
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  • New positionTechnipFMC plc
    March 2026
    “We also initiated a position in TechnipFMC, a global leader in offshore subsea equipment, systems, and services.”
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  • New positionCameco Corporation
    March 2026
    “We initiated a position in Cameco, a vertically integrated leader in nuclear energy with operations spanning upstream Tier 1 assets in Western jurisdictions, nuclear fuel services, and nuclear technology.”
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  • ExitedICICI Bank Limited
    March 2026
    “We decided to exit the position to reallocate to more attractive opportunities.”
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  • New positionUCB S.A.
    March 2026
    “where we established a new position during the quarter.”
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  • ExitedBank of America Corp
    March 2026
    “After a profitable run in Bank of America, we sold the position as concerns regarding private credit exposure had the potential to impact valuation.”
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  • New positionSLB Limited
    March 2026
    “We initiated a position in SLB, the largest global oil services provider, a name with which we are familiar.”
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Companies held · 76

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

Theses · 34

Letter archive · 26

2026

2025

2024

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