LongCMEAug 2026
CME Group Inc.
GCQ added a small position in CME Group after the shares sold off on fears that perpetual futures could threaten its franchise. The fund characterizes CME as the monopoly…
GCQ Flagship PIE Fund
Concentrated global quality-equity strategy focused on high-quality businesses with durable competitive advantages and attractive valuations.$726M AUM4 published ideas
The GCQ Flagship PIE Fund is managed by GCQ Funds Management Pty Ltd, with the NZ PIE operating as a feeder into Class P of the GCQ Flagship Fund. GCQ focuses on high-quality global businesses with strong barriers to entry, network effects, distribution advantages, scale and pricing power. The portfolio is concentrated and is managed with a long-term ownership mindset.
Ideas from GCQ Flagship PIE Fund
LongGRABAug 2026
Grab Holdings Limited
GCQ initiated a small position in Grab, which it describes as the ‘Uber of Southeast Asia’. The fund sees lower exposure to autonomous-vehicle disruption because Southeast Asia’s…
LongMBGLAug 2026
Mobility Global Inc.
GCQ received Mobility Global shares following the company’s spin-off from S&P Global and then added to the position during post-spin technical selling. The fund identifies CARFAX…
LongUBERAug 2026
Uber Technologies, Inc.
GCQ owns Uber as a major sharing-economy position and uses it as a key example of the power of network effects. The fund argues that Uber’s ride-hailing network becomes more…
Letters covered
- GCQ Flagship Fund | NZ PIE Monthly Portfolio & Performance Update – August 2026August 31, 2026
Source PDFs are not republished here; only extracted ideas and quotes.