LongCPRTJul 2026
Copart, Inc.
Alluvium initiated a position in Copart after a decline of more than 50% from its May 2025 peak created what it viewed as an unusual entry point into a high-quality business…
Conventum - Alluvium Global Fund
Unhedged, long-only, value-oriented global listed equities in a concentrated portfolio of roughly 20 positions.9 published ideas
Conventum - Alluvium Global Fund is a Luxembourg sub-fund managed by Alluvium Asset Management Pty Ltd. It runs an unhedged, long-only, value-oriented portfolio of roughly 20 global listed equities, without reference to a benchmark and with an emphasis on capital preservation.
Ideas from Conventum - Alluvium Global Fund
LongGLIBAJul 2026
Liberty Capital, Inc.
Alluvium increased its Liberty Capital position after the stock fell to roughly half of the fund's valuation estimate. The fund views the acquisition of Quintillion as…
LongCHTRJul 2026
Charter Communications, Inc.
Alluvium believes the market has extrapolated Charter's current subscriber and pricing pressures too far into the future. Although internet customers are declining and ARPU is…
LongLBRDKJul 2026
Liberty Broadband Corporation
Liberty Broadband is held as a tracking exposure to Charter Communications and therefore shares the same underlying cable investment case. Alluvium believes the market is pricing…
LongHRBJul 2026
H&R Block, Inc.
Alluvium believes the market overreacted to the risk that artificial intelligence could displace tax-preparation services. Management is instead using AI to improve its products…
LongUMGJul 2026
Universal Music Group N.V.
Alluvium views Universal Music as a structural franchise built around a difficult-to-replicate catalogue of high-quality music rights. The company monetizes that catalogue…
LongBABAJul 2026
Alibaba Group Holding Limited
Alluvium remains constructive on Alibaba despite a sharp quarterly share-price decline. The company reported that its AI investments are contributing to the business and…
LongHCAJul 2026
HCA Healthcare, Inc.
Alluvium added to HCA Healthcare after the shares fell despite management reaffirming 2026 guidance. The fund believes investors overreacted to weaker respiratory volumes caused…
LongMCKJul 2026
McKesson Corporation
Alluvium added to McKesson after results came in line with its expectations and management issued strong forward guidance. Management reiterated long-term earnings growth…
Letters covered
- Conventum - Alluvium Global Fund June 2026 Quarterly ReportJuly 17, 2026
Source PDFs are not republished here; only extracted ideas and quotes.