What smart money is saying about Linde
9 funds in our archive have pitched Linde — most recently Sustainable Growth Advisers Global Growth Strategy in June 2026.
Linde plc functions as a global industrial gas and engineering powerhouse, extending its operations throughout North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company's comprehensive product line features atmospheric gases like oxygen, nitrogen, argon, and various rare gases, alongside a diverse array of process gases such as carbon dioxide, helium, hydrogen, specialized electronic gases, and acetylene. Beyond gas supply, Linde is also adept at designing and constructing turnkey process plants. These engineering solutions serve both third-party customers and its own gas business facilities, covering types like olefin, natural gas, air separation, hydrogen, and synthesis gas plants. Linde's extensive client base spans numerous sectors, including healthcare, energy, general manufacturing, food and beverage carbonation, fiber-optics, steel production, aerospace, chemicals, and water treatment. Established in 1879, the company is headquartered in Woking, United Kingdom.
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Position history
Between Q3 2025 and Q2 2026, 4 fund letters reported a position in Linde — 3 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 2 | 0 | 3 |
| Q1 2026 | 2 | 1 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 3 |
| Q3 2025 | 0 | 0 | 0 | 2 |
Fund activity · 4 positions · 3 moves
- New positionEdgewood Large Cap Growth CompositeJune 2026
“During the quarter we initiated new positions in Linde, Tesla, Amazon, and Reddit, extending our Physical AI investment theme.”
Linde - June 2026
“New positions in Linde, Equinix, Schneider Electric, Arista Networks, Galderma, and Disco were initiated; positions in Universal Music Group, Alcon, and Intuit were exited.”
Linde - March 2026
“During the quarter-end rebalance of the Quality Premier strategy, we added to our holdings in Danaher (DHR), Netflix (NFLX) and Linde plc (LIN), and trimmed Intuit (INTU) and Meta Platforms (META).”
Linde - HoldsBuffalo Growth FundMarch 2026
“Live Nation benefited from a strong earnings report and, perhaps more importantly, the dismissal of a lawsuit from the Department of Justice. Going forward, Live Nation will continue to benefit from consumer demand for entertainment experiences. Linde plc (LIN), a leading global industrial gases and engineering company, was another top contributor during the period.”
Linde
Fund coverage · 9 theses
Linde is a durable industrial gas compounder with recurring contracts, pricing power, and structural growth tailwinds across key end markets.
Read the full thesis- Edgewood Large Cap Growth CompositeJune 2026
Linde plc is part of the manager's Physical AI theme, benefiting from the expansion of AI into transportation, manufacturing, energy, and healthcare.
Read the full thesis - Baillie Gifford Global AlphaJune 2026
Linde is an industrial gas producer that out-earns competitors and compounds through acquisitions and client partnerships in a fragmented industry.
Read the full thesis - Artisan Global Opportunities StrategyMarch 2026
Linde is the leading industrial gases company with pricing power and long-term contracts, benefiting from helium and electronics tailwinds and added to on improving fundamentals.
Read the full thesis - Mar Vista US QualityDecember 2025
Linde is a high-quality industrial gases leader with transitory volume headwinds and a $10+ billion backlog in clean hydrogen and electronics supporting long-term growth.
Read the full thesis - Munro Climate Change Leaders FundDecember 2025
Linde plc is a leading industrial gases company with substantial decarbonisation opportunities and disciplined execution, including blue hydrogen projects and efficiency-driven earnings growth.
Read the full thesis - YCG InvestmentsDecember 2025
Linde is the largest industrial gases company with take-or-pay contracts, dense local distribution moats, inflation protection, and secular volume growth driving rising returns on capital.
Read the full thesis - Munro Climate Change Leaders FundSeptember 2025
Linde is an industrial gas leader with efficiency-enhancing products and strong exposure to blue hydrogen and clean energy projects.
Read the full thesis - AcatisAugust 2025
Linde is the world's largest manufacturer of industrial gases, benefiting from long-term supply contracts, high switching costs, and local monopolies that ensure stable, recurring cash flows.
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