STRATEGY

Value Investing in equities

  • Proven method for generating long-term returns – buying a dollar for fifty cents never goes out of fashion
  • Invest in and hold companies only when trading at a discount to underlying earnings, cash flows and assets
  • Independent research
    • Independent research on all companies we invest in, as attractive investment cases are uncovered through fundamental research
    • We are not afraid of going against market sentiment and consensus, and we are willing to invest in out of favor sectors and companies
  • Search for inefficiencies
    • All-cap fund with no size, sector or geography restrictions. Our flexibility is ideal to seize opportunities within SMBs
    • Price-inefficiencies more often occurs in SMBs than blue-chips, as SMBs are often under-analysed and too small for large funds
  • Focused portfolio
    • Portfolio typically consists of 10 - 18 companies spread across various industries
  • Identify quality
    • Value is Holmen’s core, but great investment happen when value and quality intersects
    • High returns on equity using little or no debt, shareholder friendly management, durable free cash flows and high barriers of entries
    © Holmen Fondsforvaltning