All companies
HAL Trust logo

What smart money is saying about HAL TrustNetherlands flag

HAL.AS · Financial Services · Asset Management · Market cap $17.21B

1 fund in our archive has pitched HAL Trust — most recently East 72 Dynasty Trust in March 2026.

Company profile

HAL Trust functions as a globally diversified holding company, conducting extensive business operations across Europe, North America, Asia, and other international territories. Its comprehensive portfolio spans numerous sectors, including the production of building materials like composite panels for facades, laboratory furniture, timber products, and interior surface panels for diverse applications. The company is also involved in the industrial and logistics sector, distributing liquefied natural gas, managing storage terminals, and operating a fleet of 31 gas tankers. Within the office and retail solutions market, HAL Trust provides furniture and fit-out services for commercial, educational, healthcare, and retail settings, recognized through brands such as Ahrend, Gispen, and Presikhaaf. Its healthcare activities include manufacturing and distributing orthopedic and other medical aids, managing specialized care centers, offering business process outsourcing and factoring services to the Dutch healthcare sector, and selling hearing aids. Furthermore, HAL Trust provides temporary staffing services, primarily serving the oil and gas, marine, and offshore wind industries. Its media interests encompass publishing the Dutch financial newspaper, Het Financieele Dagblad, and running the radio station BNR Nieuwsradio. The company also ventures into technology and leisure, developing identification and timing equipment for sports events under the MYLAPS brand, engaging in online retail and distribution of computer gaming equipment, and providing horticultural communication products. Additionally, HAL Trust is active in real estate, developing and leasing retail centers, multi-family properties, and office buildings, while also managing a significant portfolio of financial assets, comprising marketable securities and cash equivalents. Established in 1873, the company is headquartered in Willemstad, Curaçao.

1
Reported positions
0
Bought
0
Sold
2
Letters

Position history

Between Q1 2026 and Q2 2026, 1 fund letter reported a position in HAL Trust, with no move described.

Fund letters reporting a position in HAL Trust, by quarter
QuarterLettersBoughtSoldTheses
Q2 20261000
Q1 20260001

Fund activity · 1 position

Fund coverage · 1 thesis

  • HAL Trust is a diversified Dutch holding company trading at a significant discount to a sum-of-parts valuation uplifted by listed assets and an under-marked Boskalis stake, offering a margin of safety.

    Read the full thesis

Read every full thesis on HAL Trust

Unlock all 1 thesis — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.

View plans
Share this ledger