What smart money is saying about SSP Group
SSPG.L
No fund has written a full thesis on SSP Group in our archive, but 3 fund letters report a position in it — most recently Royal London AM Equity Funds in July 2026.
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3
Reported positions
1
Bought
2
Sold
3
Letters
Position history
Between Q1 2026 and Q3 2026, 3 fund letters reported a position in SSP Group — 1 opened or added to the position, 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 0 |
| Q1 2026 | 2 | 0 | 2 | 0 |
Fund activity · 3 positions · 3 moves
- July 2026
“We increased existing holdings in SSP Group, Elementis, Helios Towers and Genus.”
SSP Group - March 2026
“A rally in SSP's shares led us to sell our holding.”
SSP Group - March 2026
“• Young & Co.’s Brewery reported strong Christmas trading. Its share buyback is focusing on its non-voting shares (which the trust owns). These had been trading on a historically wide discount to the voting shares. Artemis UK Future Leaders plc Q1 2026 update Mark Niznik Fund manager UK equities William Tamworth Fund manager UK equities 15/05/2026 19:44 Artemis UK Future Leaders plc Q1 2026 update | Artemis Funds https://www.artemisfunds.com/en-gb/professional/insights/fund-commentary/18488/Artemis_UK_Future_Leaders_plc_Q1_2026_update/ 1/4 • Bloomsbury Publishing (a new holding) announced the publication dates for the next two novels by bestselling author Sarah J Maas, prompting an upgrade in earnings expectations. Purchases We started new holdings in Tristel and PZ Cussons. We also added to our existing holding in NIOX, which had lagged despite strong results. • Tristel supplies chlorine dioxide for high-level disinfection of medical devices (for example, ultrasound probes) in hospitals. Although the shares are not especially cheap (around a 5% free cashflow yield or 20x p/e) it has attractive financial characteristics. The company is growing revenues at 10 to 15% (all organically) and makes an 82% gross margin, which drives strong earnings growth. It is in the early stages of entering the US market, which has the potential to transform its business. • PZ Cussons is a consumer goods business focused on four main markets: the UK, Australia, Nigeria and Indonesia. It has market-leading positions in several niches – for example, Cussons Baby is the top brand for baby personal care in Indonesia. The business has something of a chequered past but we felt a 9% free cashflow yield was attractive, given the progress it has made in addressing its historic issues, its strong balance sheet and cautious consensus forecasts. Sales We sold out of Oxford Instruments because we saw better value elsewhere following its strong relative performance. A rally in SSP's shares led us to sell the trust's holding.”
SSP Group
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