LongSNTJun 2026
Santam Limited
Merchant West initiated Santam because it views the insurer as a durable, high-quality South African franchise with a long record across economic regimes. The business has…
Merchant West Sanlam Collective Investments Dividend Equity Fund
Active diversified equity strategy focused on high-quality businesses at attractive valuations, with meaningful South African and global exposure.3 published ideas
The fund seeks long-term capital growth in excess of inflation through a portfolio of high-quality, lucrative businesses and is positioned for investors with a seven-year-plus horizon. Merchant West applies a diversified, bottom-up, valuation-disciplined approach and aims to own enduring franchises that can compound through changing market environments. P(1) Merchant West SCI Dividend… P(1) Merchant West SCI Dividend…
Ideas from Merchant West Sanlam Collective Investments Dividend Equity Fund
LongNPNJun 2026
Naspers Limited
Merchant West initiated Naspers after significant share-price weakness driven by a derating in Tencent, its main investment. At the time of purchase, Tencent traded at only 13.5…
LongBRJun 2026
Broadridge Financial Solutions
Merchant West rotated from Paychex into Broadridge because it sees a materially more durable competitive moat. Broadridge processes more than 80% of US shares outstanding held in…
Letters covered
- Merchant West SCI Dividend Equity Fund Quarterly Report Q2 2026June 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.