Letters by company

DHL Group

2 letters discussing DHL. Everything written about it on this site is on its ticker page.

Tweedy, Browne Q2 2026 Commentary Global value portfolios added Capgemini and bioMérieux at discounts to intrinsic value, expanded Autotrader, Berkeley Group and Nihon Nohyaku, and trimmed chemicals and holdings nearing value. Tweedy, Browne warns that AI capital spending, stretched US technology valuations and financing excess echo the pre-2000 market, while smaller and mid-cap non-US holdings remain cheaper. Q2 2026 — 005930 $1.2T4368 $2BBMXXY $10BCAPMF $22B
Polaris Capital Management Second Quarter 2026 International Equity Composite Commentary Polaris International Equity Composite bought Fujifilm Holdings, Astor Transformator Enerji and UniCredit while selling HD Hyundai Electric, SKF and Daicel after valuations or execution changed. The portfolio favored underappreciated cash-generative international businesses as AI concentration, sticky inflation and Middle East risks created valuation dislocations; Alibaba, AIA and several Chinese holdings detracted. SECOND QUARTER 2026 +12.3% AAIGF $98BBABA $290BFUJIY $25BIX $43B