Unicorn UK Smaller Companies is a very high conviction fund with around 40 holdings. Its manager focuses on company fundamentals and aims to make long-term investments, while avoiding low quality, cash-burning businesses. It’s a small and flexible fund, with a solid investment process and a highly competent team. All companies must be profitable at the point of investment and a large proportion of research is performed in-house. This allows Unicorn to identify companies often missed by brokers.
What’s covered in this episode:
- How UK smaller companies have performed in recent months
- The holdings that have been added to the fund, including Porvair and Cohort
- How management teams are now more accessible to investors
- Why seeing companies on the ground is important
- The opportunities in smaller companies today
- Why the manager likes Tortilla Mexican Grill and The Fulham Shore
- How Premier Foods is expanding in the US and Canada
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