Compounder Fund: Initial Portfolio - 07 Aug 2020
Compounder Fund started its investing activities on 14 July 2020. Jeremy and myself have been hard at work deploying the fund’s initial capital into our favourite Compounders. We completed the exercise a few days ago.
The table below shows Compounder Fund’s initial portfolio, which consists of 40 companies. The percentages you see reflect the allocation of Compounder Fund’s initial capital that we’ve invested into each company. We consider all the companies below to be Compounders. We did not invest in the shares of any special situation plays or companies with hidden asset values. (For more on how we categorise our stocks, and how we think about portfolio management, check out the “How We Invest” section of this website.)
The table will be regularly updated in new posts over time, but the updates will not happen on a fixed schedule. You can also see our latest updated portfolio in the “Performance & Portfolio” section of this website.
We will also publish investment theses of all the fund’s holdings – you can find links to the theses in “Performance & Portfolio.” The theses will be published over time, so if you’re interested to have an in-depth look at our thinking behind each company in the fund’s portfolio, be sure to bookmark the page and check it regularly.
We’re sharing all this information with the public and with the fund’s investors for two reasons. First, we believe deeply in investor education and want Compounder Fund’s return and actions to be a source for people to learn about investing. Second, we believe that this transparency will help investors of Compounder Fund develop comfort with our investing process over time, which is great; in turn, this will also free us from the time-consuming activity of dealing with questions on how we invest, and thus give us more to invest better for our investors.
And here’s an important disclaimer: None of the information or analysis presented is intended to form the basis for any offer or recommendation; they are merely our thoughts that we want to share.
