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The London Company

Mar 2025 → Sep 2026 · Publishes quarterly · 13 funds

Our archive holds 38 letters from The London Company, behind 48 investment theses and positions in 82 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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38
Letters
82
Companies
60
Moves
48
Theses

12 strategies

The London Company publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

Also filed under The London Company.

What they bought and sold · 60 moves

  • New positionChurchill Downs Incorporated
    September 2026
    “Initiated: Churchill Downs Incorporated (CHDN) – CHDN is a business we know well from other portfolios.”
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  • New positionAlphabet Inc. 6.25% Series A Conv PFD
    September 2026
    “● Initiated: Alphabet Inc. 6.25% Series A Conv PFD (GOOGM) & Alphabet Inc. 6.25% Series B Conv PFD (GOOGN) – Alphabet, Google's parent company, is a company we know well and have owned in our Large Cap portfolio for many years.”
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  • New positionAlphabet Inc. 6.25% Series B Conv PFD
    September 2026
    “● Initiated: Alphabet Inc. 6.25% Series A Conv PFD (GOOGM) & Alphabet Inc. 6.25% Series B Conv PFD (GOOGN) – Alphabet, Google's parent company, is a company we know well and have owned in our Large Cap portfolio for many years.”
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  • AddedPrimo Brands Corporation
    September 2026
    “● Increased: Primo Brands Corporation (PRMB) – Added to PRMB, making it a full position.”
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  • TrimmedEntegris, Inc.
    September 2026
    “● Reduced: Entegris, Inc. (ENTG) – Trimmed after strong performance; our long-term thesis remains intact.”
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  • TrimmedASML Holding N.V.
    September 2026
    “● Reduced: Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM), ASML Holding NV (ASML NA), and Safran SA (SAF FP) – We trimmed these positions to reallocate capital to opportunities with better risk/reward.”
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  • ExitedCrown Castle, Inc.
    September 2026
    “● Exited: Crown Castle, Inc. (CCI) – Sold to reallocate capital to higher-conviction ideas.”
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  • TrimmedSafran SA
    September 2026
    “● Reduced: Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM), ASML Holding NV (ASML NA), and Safran SA (SAF FP) – We trimmed these positions to reallocate capital to opportunities with better risk/reward.”
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  • TrimmedUniFirst Corporation
    September 2026
    “● Reduced: UniFirst Corporation (UNF) – Trimmed with shares near the announced Cintas (CTAS) deal price; proceeds funded our VRSK addition.”
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  • New positionVerisk Analytics, Inc.
    September 2026
    “● Initiated & Increased: Verisk Analytics, Inc. (VRSK) – VRSK provides data, analytics, and software to the U.S. property and casualty insurance industry.”
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  • New positionAlphabet Inc.
    September 2026
    “We initiated positions in the company’s convertible preferred shares (GOOGM/GOOGN), issued as part of the company's AI infrastructure capital raise.”
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  • TrimmedTaiwan Semiconductor Manufacturing Co., Ltd.
    September 2026
    “● Reduced: Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM), ASML Holding NV (ASML NA), and Safran SA (SAF FP) – We trimmed these positions to reallocate capital to opportunities with better risk/reward.”
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  • ExitedEnovis Corporation
    September 2026
    “Exited: Enovis Corporation (ENOV) – Exited our position reflecting a loss of confidence in management following a recently announced acquisition.”
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  • ExitedUniFirst Corporation
    September 2026
    “● Exited: UniFirst Corporation (UNF) – Sold following the announced acquisition by Cintas (CTAS).”
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  • AddedSomnigroup International Inc.
    September 2026
    “● Increased: Somnigroup International Inc. (SGI) – Added to SGI as the mattress industry remains depressed and the stock has pulled back.”
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  • ExitedPool Corporation
    September 2026
    “● Exited: Pool Corporation (POOL) – Sold given a muted earnings outlook, with few catalysts until new pool construction recovers.”
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  • AddedNewMarket Corporation
    September 2026
    “● Increased: NewMarket Corporation (NEU) – Addition reflects our confidence that AMPAC's added capacity will generate strong incremental operating returns, which paired with management's long record of capital returns, should reward shareholders.”
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  • ExitedBruker Corporation
    September 2026
    “● Exited: Bruker Corporation (BRKR) – Sold the small position after a rally.”
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  • New positionDSV A/S
    September 2026
    “● Initiated: DSV A/S (DSV DC) – DSV is the world’s largest freight forwarder with leading positions in Air & Sea and European road freight and a top five position in contract logistics.”
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  • AddedCBRE Group, Inc.
    September 2026
    “● Increased: CBRE Group, Inc. (CBRE) – Added on this year’s pullback.”
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  • TrimmedCisco Systems, Inc.
    September 2026
    “Trimmed following recent strength and to manage position sizing.”
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  • New positionTE Connectivity Ltd.
    September 2026
    “● Initiated: TE Connectivity Ltd. (TEL) – TEL makes the connectors and sensors that carry power and data inside cars, factory equipment, and increasingly AI-driven data centers.”
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  • AddedVontier Corp
    September 2026
    “Increased: Vontier Corp (VNT) – Addition reflects improving operating results and what we believe remains an attractive valuation, with healthy demand across most of the business, cost savings progressing well, and continued share repurchases.”
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  • AddedMcGrath RentCorp
    September 2026
    “Increased: McGrath RentCorp (MGRC) – Added to the name to complete a full 3% position, reflecting our confidence in the long-term thesis.”
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  • ExitedLamb Weston Holdings, Inc.
    September 2026
    “● Exited: Lamb Weston Holdings, Inc. (LW) – Sold following the stock's recovery this year.”
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  • ExitedCopart, Inc.
    September 2026
    “● Exited: Copart, Inc. (CPRT) – Sold the small position after more than a decade of ownership, given execution risk in its whole-car market expansion.”
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  • New positionHoneywell Aerospace Inc.
    September 2026
    “● Initiated: Honeywell Aerospace Inc. (HONA) – HONA supplies commercial aviation, business jet, and defense customers and became independent through its June spin- off from Honeywell.”
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  • AddedNewMarket Corporation
    June 2026
    “Increased: NewMarket (NEU) – Addition reflects confidence in NEU’s resilient business model, disciplined operating culture, and strong free cash flow generation, which continues to support buybacks and dividends.”
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  • AddedWillis Towers Watson PLC
    June 2026
    “Increased: Willis Towers Watson, PLC (WTW) – We view the company’s shares as attractively valued, offering a favorable risk/reward.”
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  • New positionRepublic Services, Inc.
    June 2026
    “Initiated: Republic Services, Inc. (RSG) – RSG is the second-largest U.S. waste services provider, with roughly 90% non-discretionary revenues and ownership of approximately one-third of all domestic hazardous landfills — assets that are functionally irreplaceable.”
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Showing the 30 most recent of 60 recorded moves.

Companies held · 82

Every company The London Company has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 48

Letter archive · 38

2026

2025

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