10/25: How We Ended Up Collecting a Mountain of Dividends (5%+)... Without Even Trying
Portfolio Update. New Positions, Dividends and More.
Want more context? Track the journey so far here.
Index
Briefing
In our seventeenth edition, we’re focusing on… dividends.
Some have already landed in the Equity Focus vault, others are just around the corner… with yields ranging from 2.07% to a downright absurd 8.44%.
Getting some of our money back early (through dividends or buybacks) is always a nice bonus. That is… as long as it doesn’t hurt reinvestment potential.
Here, that’s not an issue. These are cash-stuffed companies giving back a small part of their earnings with very little trade-off.
So yeah… we’ll gladly take the money 😎
In the update, we’ll thoroughly discuss four new positions, a few portfolio changes, we’ll share updates on several existing holdings, touch on the interest rates and bank liquidity, and discuss Argentina’s election outcome, among other developments.
Our portfolio now stands at 15 holdings, including six full-sized positions.
Please note that this update accurately reflects the portfolio changes within Equity Focus FIL, our regulated European hedge fund.
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📊 Portfolio Overview
YTD Performance Summary
Equity Focus* [A Shares] ➤ -2.65%
Equity Focus* [Y Shares] ➤ -1.94%
All-Weather Portfolio** ➤ +4.47%
* Equity Focus FIL was approved in April 2025 and started operating in June 2025. Figures are net of fees.
** The All-Weather Portfolio, introduced in July 2025, serves as a benchmark reference.
Equity Focus FIL
Updated on October 30th, 2025