What smart money is saying about Severn Trent Plc

Position history

Every position in Severn Trent Plc on record in the archive was reported in Q2 2026, across 1 fund letter — 1 opened or added to the position.

Fund activity · 1 position · 1 move

• New positionNuance Investments Concentrated Value Strategy

  June 2026

  “Stocks We Added to Your Portfolio (Second Quarter 2026): Accenture Plc (ACN): ACN is a leading global provider of IT services, including traditional technology services and consulting, as well as SAP implementation, cloud computing implementation and consulting, app development and services, platform integration, and security services. The company has excelled at adapting to new technologies and processes, gaining expertise and implementing those services for its clients, which has allowed it to gain market share from larger companies such as International Business Machines Corporation (IBM) and Hewlett Packard Enterprise Co. (HPE). This has led to strong, sustainable growth and higher returns on invested capital over the past decade. Investor sentiment around the stock has weakened due to fears of disruption from AI large language models. We believe ACN should benefit over the near to intermediate term from helping clients implement AI-related automation. Additionally, the company has seen recent deceleration in growth and disappointing guidance from the company due to macro uncertainty and the war in the Middle East, which has led to slower growth in discretionary spending from enterprise clients. This has caused material underperformance in the stock this year, which has created in our view, an attractive entry point. Mission Produce, Inc. (AVO): AVO is a leading distributor of avocados in the United States (U.S.) and other parts of the world. The company has been gaining market share for most of the past two decades through a combination of expanding supplier relationships in Mexico and investing in its own farming assets in Peru and Guatemala. AVO recently closed on its acquisition of Calavo Growers, Inc. (CVGW), creating a more scaled leader in avocado distribution. The stock has underperformed due to rising inflation expectations, which could raise the company’s costs and potentially lead to lower near-term sales as consumers’ budgets weaken. We believe avocados are well positioned to gain share across the broader food market longer term, with consumers demanding fresher and healthier options. We believe AVO is under-earning its long-term potential and that the company’s earnings will normalize higher over time as its farming assets produce more fruit as trees mature, which has created what we view as an attractive risk reward versus other opportunities. Cal-Maine Foods, Inc. (CALM): CALM is the leading producer of fresh shell eggs in the U.S. The stock has underperformed this year as earnings estimates have declined due to lower wholesale egg prices, which are now close to historical trough levels well below $1.00 per dozen. This comes after several years of record-high egg prices, and the company over-earning our view of normal earnings due to constrained supply. Longer term, we believe eggs are an attractive food option as more people look to add fresh foods and a relatively inexpensive source of protein into their diet. The company has a strong balance sheet, with more than $18.00 in net cash per share, and we believe the recent underperformance in the stock has created a good entry point in an attractive risk reward opportunity. Severn Trent Plc (STRNY): STRNY is among the largest water utility companies in the United Kingdom serving more than 4.5 million households and businesses across the Midlands, South West, and Mid Wales regions. We believe the company is under-earning as of June 30, 2026, due to regulatory lag that has been exacerbated by a notable step up in regulated capital investment. Following a decline in the share price, we initiated a position at what we believe is an attractive risk reward.”

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