CNSWF News and Press, Constellation Software Inc From 10/24/22

Summary Topicus.com Inc. has a strong history of creating shareholder value, and is owned by one of the greatest serial acquirers in financial market history. The inflation driven market turmoil of 2022 has hit software companies the hardest, providing companies with experienced m...

Summary Buffett’s investing approach is timeless - so is the perpetual amount of noise that exists in the world. We will remain focused on owning wonderful businesses that can produce great long-term results for us. Right Tail’s portfolio is ~74% invested across ...

Summary Constellation’s return on invested capital is exceptional. Negative working capital due to customers paying in advance is also a nice feature. If we are in a tougher economic environment, I expect the business to hold up well. The following segment was...

Summary Ferguson is consolidating 9 different markets as the leading distributor in most of them. The company has a good bolt-on acquisition framework and a track record of good integrations. Ferguson learned from its lessons in 2008 and improved its sales mix. Based on my...

Summary I'm focused on high-quality companies with growing free cash flows per share. I group my portfolio into 4 buckets: Great capital allocations, Tech Leaders, (unprofitable) High-growth and short-term trades. I want to own companies with great management so that I can sle...

Summary Ruane, Cunniff, & Goldfarb’s 13F portfolio value decreased from $10.15B to $7.67B this quarter. The number of positions decreased from 34 to 31. They increased Intercontinental Exchange, Netflix, and Wayfair while decreasing Alphabet, UnitedHealth, Elevance Heal...

Summary Roper's M&A strategy has entered a new phase as the company announced a big purchase on Tuesday. This deal, particularly in light of last year's TransCore sale, should have a great result for shareholders. I remain bullish on Roper and see the share price heading t...

Giverny Capital Asset Management, LLC is a partnership between Giverny Capital of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC. For the second quarter of 2022, Giverny Capital Asset Management’s model portfolio...

Akre Capital Management’s 13F portfolio value decreased from $14.67B to $12.49B this quarter. They added Snowflake and increased DigitalBridge & Goosehead Insurance while decreasing Mastercard, CoStar Group, and Alarm.com during the quarter. They also dropped ANSYS. The...

Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing. Baron International Growth Fund (the “Fund”) declined 16.18% (Institutional Shares) during the second quart...