OUR FUND

We aim to provide superior long-term absolute investment returns

Letters and Documentation

Letter 2023 Q4 | 244 KB
Factsheet 2023 Q4 | 322 KB
Letter 2023 Q3 | 258 KB
Factsheet 2023 Q3 | 329 KB
Letter 2023 Q2 | 251 KB
Factsheet 2023 Q2 | 318 KB
PHC Letter to Treasure ASA Board | 96 KB
Letter 2023 Q1 | 249 KB
Factsheet 2023 Q1 | 319 KB
Letter 2022 Q4 | 274 KB
Factsheet 2022 Q4 | 315 KB
Letter 2022 Q3 | 244 KB
Factsheet 2022 Q3 | 313 KB
Letter 2022 Q2 | 260 KB
Factsheet 2022 Q2 | 325 KB
Letter 2022 Q1 | 281 KB
Factsheet 2022 Q1 | 307 KB
Letter 2021 Q4 | 311 KB
Factsheet 2021 Q4 | 385 KB
Letter 2021 Q3 | 304 KB
Factsheet 2021 Q3 | 362 KB
Letter 2021 Q2 | 236 KB
Factsheet 2021 Q2 | 362 KB
Letter 2021 Q1 | 324 KB
Factsheet 2021 Q1 | 363 KB
Letter 2020 Q4 | 273 KB
Factsheet 2020 Q4 | 294 KB
Letter Danieli Board | 595 KB
Letter 2020 Q3 | 246 KB
Factsheet 2020 Q3 | 348 KB
Letter 2020 Q2 | 206 KB
Factsheet 2020 Q2 | 341 KB
Letter 2020 Q1 | 216 KB
Factsheet 2020 Q1 | 330 KB
Letter 2019 Q4 | 276 KB
Factsheet 2019 Q4 | 333 KB
Letter 2019 Q3 | 338 KB
Factsheet 2019 Q3 | 303 KB
Letter 2019 Q2 | 338 KB
Factsheet 2019 Q2 | 303 KB
Key Investor Information PDF | 68,0 KB
Fund prospectus PDF | 1.6 MB

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Investment Profile

Portfolio Manager: Peter Smith, CFA
Investment Philosophy: Value Investing
Typical Number of Positions: 20-30 positions
Typical Position Size: Varies from 0.5%-10% with average around 4%
Geography: Global – with an emphasis on Europe
Industries: Unconstrained – rarely finance, technology & bio-tech
Typical Market Capitalization: Small and Mid-cap – though unconstrained
Type of Investments: Primarily equities with some credit and derivatives

Fund Details

Name: Cobas LUX SICAV Palm Harbour Global Value Fund
Management company: FundPartner Solutions (Europe) S.A. 15, avenue J.F. Kennedy L-1855 Luxembourg
Depositary: Pictet & Cie (Europe) S.A., 15A, avenue J.F. Kennedy, L-1855 Luxembourg Auditor: Ernst & Young, 7, 35E, Avenue John F. Kennedy, L-1855 Luxembourg
Investment Manager: Palm Harbour Capital LLP
ISIN Code: F Acc EUR LU1935059029
Net asset value: €10.00 (4 April 2019)
Management fee: F Class 1% (EUR); P Class 1.45% (EUR, USD, GBP)
Minimum initial investment: 1 share
Minimum additional investment: 1 share

Investment Manager Details

Name: Palm Harbour Capital LLP
FCA registration number: 806792
Registered office: 12 Hammersmith Grove, London, UK W6 7AP
Accountant: BCS Accounting Ltd
Auditor: haysmacintyre LLP

  • “If you want to have a better performance than the crowd, you must do things differently than the crowd.”

    Sir John Templeton

  • “Staying small is simply good business. It wouldn’t be fair to our customers if we had to spread our ideas too thin. There aren’t that many great companies.”

    Bill Ruane

  • “We simply attempt to be fearful when others are greedy and greedy only when others are fearful.”

    Warren Buffett
    Terms and conditions
    12 Hammersmith Grove First Floor 117, London, W6 7AP, UK

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