What smart money is saying about Poste Italiane
PST.MI
No fund has written a full thesis on Poste Italiane in our archive, but 1 fund letter reports a position in it, most recently Baillie Gifford Global Alpha in September 2026.
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1
Reported positions
0
Bought
0
Sold
4
Letters
Position history
Every position in Poste Italiane on record in the archive was reported in Q3 2026, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position
- September 2026
“Poste Italiane, the operator of the Italian postal system, is repositioning its logistics network to capture the booming volumes of e-commerce parcels flowing through Italy, all while cross-selling an eclectic mix of insurance, private pension products and electricity contracts through its branch network and new super-app.”
Poste Italiane
Also mentioned · 3
These funds discuss Poste Italiane as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedGuinness Global Dynamic Bond FundAugust 2026
“We bought Telecom Italia Capital's 7.721% dollar bonds due 2038 on the Fund's first day of trading. The company has been an unusual one for some years. Telecom Italia carries little debt, and leverage has fallen steadily since the disposal of its network business, yet its ratings have stayed one notch below investment grade at all three agencies. The constraint has not been the balance sheet. It has been the business: an asset-light operator competing hard in the Italian domestic market, with around half of profit now coming from Brazil along with the currency and macroeconomic exposure that brings. Rating agencies will upgrade a balance sheet readily. They are far slower to upgrade a business profile, which is why the market had reasonably concluded that mid double-B was the ceiling. On 20 July, a week after we established the position, Telecom Italia's board approved a tender offer from Poste Italiane.”
Poste Italiane - July 2026
“Telecoms tell a similar story. Vodafone gave up on Italy and sold its business to Swisscom's Fastweb; the two have since merged into a single company. Vodafone's UK tie-up with Three created the country's largest mobile operator. Poste Italiane has a live €10.8bn bid for Telecom Italia.”
Poste Italiane - MentionedGuinness European Equity Income FundJuly 2026
“Poste Italiane has a live €10.8bn bid for Telecom Italia.”
Poste Italiane
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