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Best holding this month: Stillfront
Carnegie Småbolagsfond

Best holding this month: Stillfront

The stock market was down in August. The Stockholm exchange fell 1.2% and the small caps index was down 0.9%. Carnegie Småbolagsfond rose 2.3%. Stillfront was the best holding for...

Viktor Henriksson 9 September 2019
Desperate search for yield
Carnegie Småbolagsfond

Desperate search for yield

With the equity market dominated by interim reports, Carnegie Småbolagsfond lost 0.7 percent this month. The fund’s real estate exposure was again pleasing, with Hufvudstaden, Fabege and AtriumLjungberg all listing...

Viktor Henriksson 6 August 2019
Finally, a successful sale for BillerudKorsnäs
Carnegie Småbolagsfond

Finally, a successful sale for BillerudKorsnäs

June saw good risk appetite and rising stock prices, mainly on hopes of US interest rate cuts and an ebbing trade war. BillerudKorsnäs rose 9%. It finally made the anticipated...

Viktor Henriksson 4 July 2019
A fantastic value creator
Carnegie Småbolagsfond

A fantastic value creator

Stock market sentiment was downbeat in May. There was intense focus on the escalated trade war and on signals suggesting a slowing economy. The Stockholm stock exchange fell 6.9 percent,...

Viktor Henriksson 5 June 2019
The future looks bright
Carnegie Småbolagsfond

The future looks bright

April was marked by substantial share price increases, driven mainly by the large engineering companies. The stock market rose by 7.2 percent and the small cap index by 5.8 percent....

Viktor Henriksson 3 May 2019
Strong ad market lays ground for M&As
Carnegie Småbolagsfond

Strong ad market lays ground for M&As

March was another month of stock market gains, albeit at a slower pace compared to early in the year. The fund rose 1.9 percent in March. Stillfront has had a...

Viktor Henriksson 4 April 2019
AtriumLjungberg could create large value in coming years
Carnegie Småbolagsfond

AtriumLjungberg could create large value in coming years

February was, as usual, dominated by year-end reports, and the fund holdings ended 2018 satisfactorily. Dometic completed the year much better than analysts’ expectations. It is widely known that North...

Viktor Henriksson 6 March 2019
More defensive with an old favourite
Carnegie Småbolagsfond

More defensive with an old favourite

The stock market got off to a flying start this year, with a rise of 7.7 percent. Carnegie Småbolagsfond rose 5.9 percent. Dometic was the fund’s best holding this month,...

Viktor Henriksson 7 February 2019
Upping our stake in Scandi Standard
Carnegie Småbolagsfond

Upping our stake in Scandi Standard

December was a weak month for equities, with heavy falls. Several of the fund’s defensive holdings were resilient, but one holding was a very poor performer. The fund fell 5.7...

Viktor Henriksson 7 January 2019
Time for non-cyclicals
Carnegie Småbolagsfond

Time for non-cyclicals

November was a fairly stable month on the stock market after a weak October, but Stockholm was down 1.6 percent and the small cap index lost 0.8 percent. Carnegie Småbolagsfond...

Viktor Henriksson 10 December 2018
Småbolagsfond ends investments in gambling
Carnegie Småbolagsfond

Småbolagsfond ends investments in gambling

October was an eventful month, marked by both interim reports and weak stock market performance. Carnegie Småbolagsfond was down 6,0%. MTG was a newcomer to the fund in October. The...

Viktor Henriksson 5 November 2018
Intriguing issue by Hoist
Carnegie Småbolagsfond

Intriguing issue by Hoist

With an upturn of 15 percent, Elanders delivered the strongest performance in the fund in September. We did not note any particular news from the company this month, but it...

Viktor Henriksson 2 October 2018
AtriumLjungberg in record-breaking deal
Carnegie Småbolagsfond

AtriumLjungberg in record-breaking deal

Carnegie Småbolagsfond fell 0.7 percent in August. Peab was the strongest holding, and AtriumLungberg signed an interesting deal. Catena Media contributed negatively to fund performance with a fall of 18...

Viktor Henriksson 2 September 2018
Attractive niche banks
Carnegie Småbolagsfond

Attractive niche banks

As a peak month in the summer season, there was relatively little news in July, which was otherwise characterised mainly by quarterly reports. Overall, Swedish listed companies presented slightly better...

Viktor Henriksson 8 August 2018