Ironvine Capital Partners
Our archive holds 3 letters from Ironvine Capital Partners, behind 13 investment theses and positions in 6 companies. Every quote below is copied verbatim from the letter it came from.
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Performance by fund
- Ironvine Concentrated Equity
YTD +11.0% · 1Y +14.7% · 3Y +12.8%/yr (Jun 30, 2026)
Index: S&P 500 (YTD +10.2%) · net of fees
- Ironvine Core Equity
YTD +7.5% · 1Y +12.8% · 3Y +11.6%/yr (Jun 30, 2026)
Index: S&P 500 (YTD +10.2%) · net of fees
These figures are copied from the manager’s latest letter, which covers several funds. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. Each line covers a single share class; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What they bought and sold · 7 moves
- TrimmedAmphenolSeptember 2026
“Our response has been to sell a portion of our Amphenol investment into the strength, in part to manage overall AI exposure at the portfolio level.”
Read the letter - TrimmedAmphenolJune 2026
“Specifically, we sold portions of our Applied Materials, Analog Devices, and Amphenol investments across Ironvine strategies during the second quarter.”
Read the letter - TrimmedApplied MaterialsJune 2026
“Specifically, we sold portions of our Applied Materials, Analog Devices, and Amphenol investments across Ironvine strategies during the second quarter.”
Read the letter - AddedSAPJune 2026
“We think SAP has an interesting position and opportunity amidst this uncertainty and have recently been accumulating an investment in it.”
Read the letter - TrimmedAnalog DevicesJune 2026
“Specifically, we sold portions of our Applied Materials, Analog Devices, and Amphenol investments across Ironvine strategies during the second quarter.”
Read the letter - ExitedBoston OmahaJune 2026
“Such was the case with Boston Omaha which we sold during the quarter to fund other investments.”
Read the letter - New positionMeta PlatformsJune 2026
“We initiated a position in Meta in our Concentrated strategy and added to our existing position in Core during the second quarter.”
Read the letter
Companies held · 6
Every company Ironvine Capital Partners has disclosed a position in across our archive, with the letter that last mentioned it.
- AmphenolSep 2026
- Analog DevicesJun 2026
- Applied MaterialsJun 2026
- Boston OmahaJun 2026
- Meta PlatformsSep 2026
- SAPJun 2026
Theses · 13
- September 2026
Amphenol is a highly decentralized compounder with diverse secular end markets, strong capital allocation, and growing AI/datacenter exposure that has driven outstanding growth and accretive M&A.
Read the full thesis - September 2026
Meta Platforms is using Muse to expand from social entertainment into productivity and commerce while the teen-safety settlement reduces legal uncertainty.
Read the full thesis - June 2026
SAP has deeply embedded ERP software, strong switching costs, a cloud migration tailwind, and upside from AI-enabled workflow automation.
Read the full thesis - June 2026
Applied Materials is tied to structurally attractive semiconductor spending, but higher valuations now require sustained 2027–2028 capex levels.
Read the full thesis - June 2026
Meta Platforms benefits from powerful data and distribution advantages, and AI should make its ad platform more effective and reinforce its lead.
Read the full thesis - December 2025
HEICO is a leading aerospace aftermarket supplier with a decentralized culture, high barriers to entry, and strong cash flow growth prospects as it gains share in a durable market.
Read the full thesis - December 2025
Amphenol is a diversified, decentralized interconnect leader structurally positioned to outgrow its market and compound free cash flow via organic growth and acquisitions.
Read the full thesis - December 2025
Aon is a capital-light, market-leading insurance broker with recurring fees, structural tailwinds, and rising free cash flow supported by restructuring and buybacks.
Read the full thesis - December 2025
Amazon.com is a dominant e-commerce and cloud infrastructure provider with scale advantages, rising high-margin services, and long-term cash flow growth potential.
Read the full thesis - December 2025
Moody's is an entrenched, capital-light credit rating franchise benefiting from regulatory barriers and secular debt growth, supporting mid-single-digit revenue growth and strong cash generation.
Read the full thesis - December 2025
Visa is a scaled, network-effect payment platform with durable economics, multiple growth vectors, and manageable regulatory and technology risks supporting double-digit EPS growth.
Read the full thesis - December 2025
Microsoft is a scaled enterprise software and cloud leader with strong AI partnerships, large contracted backlog, and disciplined execution supporting durable growth.
Read the full thesis
- Berkshire Hathaway Inc.Dec 2025
Letter archive · 3
2026
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