Pender
Pender US Small Mid
US Mid-cap
Mar 2025 → Mar 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 Pender for every strategy.
What it bought and sold
We also initiated a position in Mercury General, the leading independent agency writer of automobile and home insurance in California with a presence in a few other states.
We initiated a position in Cooper Companies, a leading global medical device company with operations in two growing markets: CooperVision, a leader in the contact lens industry and CooperSurgical in women’s healthcare and fertility.
Its investment theses
- Cooper CompaniesMar 2025Cooper Companies is a resilient global medical device leader in contact lenses and women's healthcare, benefiting from strong market positions and growth potential in both sectors.
- Mercury GeneralMar 2025Mercury General is poised for a recovery in earnings following recent rate increases, despite potential wildfire impacts in early 2025.