Plural
Our archive holds 6 letters from Plural, behind 9 investment theses and positions in 2 companies. Every quote below is copied verbatim from the letter it came from.
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3 strategies
Plural publishes a letter per strategy. Each one has its own page — what it holds, what it bought, what it wrote.
- Plural Investing4
2 companies
- Plural AM1
2 companies
- Plural Partners Fund1
2 companies
Also filed under Plurial AM.
What they bought and sold · 1 move
- New positionStrattec SecurityJune 2026
“We first bought shares this quarter around $70,”
Read the letter
Companies held · 2
Every company Plural has disclosed a position in across our archive, with the letter that last mentioned it.
- Strattec SecurityJun 2026
- Watches of SwitzerlandJun 2026
Theses · 9
- June 2026
Strattec Security is an automotive supplier where a new independent CEO is driving margin expansion, higher cash generation, and a rerating opportunity.
Read the full thesis - Watches of SwitzerlandJune 2026
Watches of Switzerland benefits from Rolex’s authorized-retailer model, strong pricing power, growth in adjacent businesses, and capital-light acquisition-driven expansion.
Read the full thesis - December 2025
Watches of Switzerland is a leading Rolex-authorized luxury watch retailer with superior economics, strong US growth and M&A runway, and an attractive 11x FCF valuation.
Read the full thesis - June 2025
Despite tariff headwinds, Watches of Switzerland is a structurally advantaged Rolex partner with underappreciated U.S. growth and acquisition potential, making its 10x FCF valuation a compelling long-term buying opportunity.
Read the full thesis - March 2025
Seaport is significantly enhancing its value through effective management changes, including a long-term lease with Meow Wolf at Pier 17, which is expected to attract over one million visitors annually and boost surrounding businesses.
Read the full thesis - March 2025
WOSG is primarily driven by Rolex and Patek Philippe sales, with strong pricing power and potential for long-term growth despite the impact of tariffs.
Read the full thesis - December 2024
Jet2 is a UK holiday package company with strong customer service and management, driving significant market share growth and profitability, currently trading at an attractive valuation with a promising outlook for future earnings.
Read the full thesis - December 2024
Seaport Entertainment is a newly spun-off company from Howard Hughes focused on revitalizing its valuable properties in Lower Manhattan, with an estimated intrinsic value growth projected over the next three years.
Read the full thesis - December 2024
Strong Rolex partnerships and robust waitlist demand position Watches of Switzerland for steady growth despite broader luxury market challenges
Read the full thesis
Letter archive · 6
2025
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