Earnings season is a time when there are a lot of overreactions, which creates very interesting opportunities to enter stocks.
This Q3 earnings season is no different. Some companies in our portfolio have reported amazing results, making the bull case much more compelling, yet their share prices have barely moved.
We also look at the underperformers, which companies we have doubled down on, and which ones we exited. This provides an overview of our current highest-conviction companies, all in one place.
We invest in companies with long-term merits: quality businesses, good management, and long-term trends or themes supporting the company. However, we also make sure the short-term is attractive to maximize the risk-reward.
We also walk through the Q3 earnings results of each company in our portfolio that has reported so far and where our conviction stands.
Over the last few months, our portfolio has been slowly overhauled to be well-positioned heading into 2027. We’ve added new themes, removed others, and changed our exposure in certain sectors.
Table of Contents
1. Current Portfolio Positions
2. Recent Changes
3. Earnings Summary
4. Q3 Earnings Review
1) Current Portfolio
Sector Allocation
