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AnalysesQuarterly Letters✦Warren AI
Troy Asset Management

Troy Asset Management Global Equity Strategy

Global

Jul 2026 → Jul 2026

Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 16 companies. Every quote below is copied verbatim from the letter it came from.

1 letter in a year — follow all of Troy Asset Management for every strategy.

Also held

  • Alcon
  • Amadeus
  • Visa

Its investment theses

  • VisaJul 2026Visa is defended as a network with durable economics, multiple growth avenues, and an attractive valuation despite concerns around agents, stablecoins, regulation, and maturing cash displacement.
  • AmadeusJul 2026Amadeus is argued to have durable, high-margin travel infrastructure businesses, resilient distribution volumes, and underappreciated growth in Air IT and hospitality at an excessive valuation discount.
  • AlconJul 2026Alcon is presented as a leading ophthalmology franchise with strong assets, a defensible oligopoly position, a deep pipeline, and long-term growth drivers despite recent execution disappointments.

Every letter

2026

  • July 2026

Other Troy Asset Management strategies

  • Troy Asset Management Multi-Asset Strategy1
  • Troy Asset Management Responsible1
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