lystn

Top highlights from the team’s recent research trips and a few business models we’re excited about.

Highlights:

• Insights from visiting Norway, the Netherlands, Kazakhstan, India and some holdings—Equinor, AutoStore™, Ahold Delhaize, Adyen, Genmab, Kaspi, Weir, HDFC Bank
• Why we’ve been reducing our weight in China and our current thinking around regional exposures
• The unique competitive advantages of Compass Group and Chugai
• Current and future implications of AI for the portfolio and different business models—NVIDIA, TSMC, ASML, Samsung, RELX, Wolters Kluwer, Teleperformance