LongTKOJune 30, 2026

Cooper Investors Global Equities Fund (Unhedged) - Cooper Investors Pty Limited on TKO Group Holdings

Thesis

TKO gives Cooper exposure to UFC and WWE within the portfolio's live-entertainment and sports-content cluster. The fund expects premium sports rights to benefit from competition among global streamers and from advertiser and sponsor demand. It also sees growing consumer demand for distinctive real-life experiences. TKO is therefore positioned as a compounding business with structural industry tailwinds rather than an AI-dependent return driver.

These businesses benefit from both the growing demand for sports rights (from global streamers and associated advertisers/sponsors) as well as the increasing demand for unique real-life experiences.
Cooper Investors Global Equities Fund (Unhedged) - Cooper Investors Pty Limited — Cooper Investors Global Equities Fund (Unhedged) Quarterly Report