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Commentary: Investment Companies’ Q2 Reports

9 July, 2025

Kavaljer’s Portfolio Manager Peter Lindvall Comments on Investment Companies’ Q2 2025 Reports

Peter Lindvall, portfolio manager at Kavaljer, shares his thoughts on the investment companies’ second-quarter reports for 2025. He continues to see attractive opportunities in long-term holdings such as Svolder, Investor, and Industrivärden, all trading at a discount to net asset value and offering stable exposure to quality companies.

Kinnevik, however, remains unappealing despite its high NAV discount. According to Lindvall, questionable investments are a key reason why the company is not included in the fund. Among smaller holdings, he highlights Byggmästare Anders J Ahlström as a “spice” in the portfolio – carrying higher risk but also potential upside if asset sales are successful.

“For long-term savings, we prefer proven companies with solid diversification,” says Peter Lindvall. Read the full article here: Förvaltaren: Investmentbolagen att köpa och undvika efter rapporterna | EFN.se

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