LRT
LRT Capital Management
US Large-cap
Dec 2024 → Jun 2025
Our archive holds 5 letters from this strategy, behind 27 investment theses and positions in 27 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 2 years — follow all of LRT for every strategy.
Its investment theses
- AlphabetJun 2025Alphabet commands a near-insurmountable competitive moat through its dominant digital ecosystem—anchored by Google Search, YouTube, and Android—while leveraging unrivaled data, infrastructure, and innovation to drive industry-leading profitability and long-term growth across advertising, cloud, and emerging technologies.
- Asbury Automotive Group, Inc.Jun 2025Asbury Automotive Group, Inc. is a leading consolidator in the U.S. automotive retail sector, leveraging a resilient business model focused on high-margin parts and services, strategic acquisitions, and innovative digital solutions for sustainable, long-term growth.
- Cencora, Inc.Jun 2025Cencora, Inc. is a leading pharmaceutical distribution company with a strong competitive advantage in an oligopolistic market, providing essential logistics and services that connect manufacturers with healthcare providers, ensuring steady, recession-proof growth and long-term value creation.
- Chemed Corp.Jun 2025Chemed Corp. is a resilient holding company with two non-correlated market leaders in hospice care and plumbing services, strategically managed for long-term shareholder value.
- Chevron CorporationJun 2025Chevron Corporation is a premier integrated energy company known for its high-quality assets, capital discipline, and commitment to shareholder value.
- Colliers International Group Inc.Jun 2025Colliers International Group Inc. is a premier global leader in commercial real estate services, distinguished by its decentralized structure and entrepreneurial culture that fosters local leadership, aligning interests with long-term shareholders and promoting disciplined growth through stable, high-margin business lines.
- Comcast CorporationJun 2025Comcast Corporation is a dominant media and technology conglomerate with a robust broadband business and a diverse content portfolio, strategically positioned for long-term growth.
- Crown CastleJun 2025Crown Castle’s unmatched tower infrastructure, long-term contracts, and strategic shift to a pure-play tower model position it as an essential, high-margin enabler of the 5G-driven wireless revolution and a durable compounder in the nation’s digital future.
- Darden Restaurants, Inc.Jun 2025Darden Restaurants, Inc. is a leading full-service dining operator with a strong portfolio, unmatched scale, and a disciplined management approach that drives shareholder value and positions the company for continued growth.
- FabrinetJun 2025Fabrinet has established itself as an indispensable, high-precision manufacturing partner for leading OEMs by mastering complex optical and electro-mechanical production, securing strong growth from secular tech trends and creating formidable switching costs through deep integration and engineering excellence.