What smart money is saying about NICE Information Service

Position history

Every position in NICE Information Service on record in the archive was reported in Q3 2026, across 1 fund letter, with no move described.

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 1 position

• HoldsAntipodes Emerging Markets Fund

  September 2026

  “• HD Hyundai Marine Solution, BGF Retail and NICE Information Service (+21%, +28% and +32% respectively). Our Korean holdings outside the memory complex were among the Fund's best performers and show the value of looking beyond the index heavyweights. HD Hyundai Marine Solution, which provides parts, services and upgrades to the global fleet built by its sister shipyards, reported record revenue (+24% year-on- year) and record operating profit, driven by ship parts and services, eco-friendly retrofits and digital solutions. Monthly parts shipments reached an all-time high as a strong newbuild market steadily expands the fleet it services. BGF Retail, operator of the CU convenience store chain, beat expectations with second-quarter operating profit up 22% despite a nationwide logistics strike, helped by an early summer, rising tourist numbers and a shift in its sales mix away from tobacco towards higher-margin food. NICE Information Service, Korea's leading credit bureau, benefited from rising demand for credit data and analytics as Korean lending activity recovered.”

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Also mentioned · 1

These funds discuss NICE Information Service as a competitor, benchmark or comparable, without disclosing a position in it.

• MentionedEnnismore Global Smaller Companies Fund

  May 2026

  “NICE Information Service – South Korean credit bureau (1.4% of NAV) NICE Information Service (NICE) is South Korea's leading provider of consumer and corporate credit information, with smaller counter-cyclical debt collection and data analytics operations alongside. We first wrote about the company more than three years ago, on a thesis of scale-driven dominance: NICE's position lets it build and maintain its proprietary database more efficiently than any competitor, supporting above-average returns on capital employed of between 35- 45% over time. That thesis remains intact. Revenue and profit growth nonetheless stalled for a couple of years after the write-up. Rising interest rates highlighted just how leveraged Korean real estate had become, prompting financial institutions to pull back on lending. Group revenues went broadly sideways and operating profit fell roughly 10% from peak. Conditions stabilised through late 2023, and the credit bureau segment has since resumed growing. Over the twelve months to March 2026, this core division generated revenues 15% above the 2021 pre-downturn level and expanded operating margins from 17% to 19%, now Company Country Sector % of NAV D’leteren Group SA Belgium Consumer Discretionary 4.7 Wise Group Plc United Kingdom Financials 4.5 Broadleaf Co Ltd Japan Information Technology 4.2 Saramin Co Ltd South Korea Industrials 4.1 Paradox Interactive AB Sweden Communication Services 3.8 21.3 Longs% Shorts% Gross Exposure% Net Exposure% 103.4 (101.4) 43.0 (44.2) 146.3 (145.6) 60.4 (57.2) Country Gross% Net% Market Cap Gross% Net% Sector Gross% Net% United Kingdom 28.7 23.7 >$20bn 10.0 -1.5 Communication Services 21.8 14.8 United States 28.4 -14.1 $5bn-$20bn 38.4 17.7 Consumer Discretionary 22.7 6.7 Japan 16.0 14.3 $2bn-$5bn 32.9 5.1 Consumer Staples 15.9 1.9 Sweden 10.4 3.2 $500m-$2bn 45.0 22.2 Energy 1.9 1.7 South Korea 7.8 7.8 <$500m 19.9 16.9 Financials 17.6 13.2 France 7.1 3.4 Health Care 7.5 3.8 Belgium 5.7 5.7 Positions May Apr Industrials 33.5 15.2 Spain 3.8 3.1 Long 127 127 Information Technology 17.2 -0.7 Finland 3.2 2.2 Short 108 112 Materials 4.6 1.1 Switzerland 3.1 -1.0 Longs Opened 4 7 Real Estate 2.4 1.5 Italy 2.9 1.2 Longs Closed 4 9 Utilities 1.3 1.3 Canada 2.6 1.8 Shorts Opened 6 8 Austria 2.4 2.1 Shorts Closed 10 4 Australia 2.4 -2.4 Poland 2.2 -0.2 Luxembourg 2.0 2.0 Germany 2.0 0.3 British Virgin Islands 2.0 2.0 Denmark 2.0 2.0 Cayman Islands 1.9 1.0 Bermuda 1.8 0.3 Ireland 1.4 1.4 Netherlands 1.2 1.2 Israel 1.0 1.0 Other 4.3 -1.8 Ennismore Fund Management Limited, Kensington Cloisters, 5 Kensington Church Street, London, W8 4LD Registered in England and Wales No. 3598371. Authorised and regulated by the Financial Conduct Authority accounting for 86% of group profits. At the end of May, NICE was also granted a license to operate in Vietnam, opening a new growth avenue. NICE is majority-held and controlled by NICE Holdings, a family-owned conglomerate spanning adjacent businesses – payment processing, ATM operations, credit ratings – as well as unrelated fields such as battery protection, manufacturing, and EV charging.”

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