Latitude
Latitude IM
Jun 2025 → Jun 2025
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 7 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Latitude for every strategy.
What it bought and sold
An example would be our sale of Novo Nordisk in 2022, a business which we highly admire and would happily invest in in the future but felt our investors capital was better recycled at that valuation into another shelf stock: McKesson.
An example would be our sale of Novo Nordisk in 2022, a business which we highly admire and would happily invest in in the future but felt our investors capital was better recycled at that valuation into another shelf stock: McKesson.
We added meaningfully to the position during the quarter.
Also held
Its investment theses
- DiageoJun 2025Diageo is well-positioned for growth despite recent volume declines, potentially reflecting lower inventory rather than diminished demand, making it a compelling investment opportunity.
- Dollar TreeJun 2025Dollar Tree is poised for significant growth after selling Family Dollar, leading to a stronger balance sheet and capital return to shareholders, making it an attractive investment opportunity at a price of $70.