Azvalor Managers FI Q2 2025 Portfolio: Strategic Investment Decisions and Significant Moves

Azvalor Managers FI has made significant moves with Barrick Mining Corp, adding 129,635 shares representing 3.38% of the portfolio with a total value of $2.699 million. The fund also increased stakes in Tencent Holdings Ltd and Pop Mart International Group Ltd. Additionally, Azvalor Managers FI exited 32 holdings, including Barrick Mining Corp and Enerflex Ltd, and reduced positions in 91 stocks, including Algoma Steel Group Inc and NMI Holdings Inc.

Title: Azvalor Managers FI's Strategic Portfolio Adjustments in Q2 2025

Azvalor Managers FI, a tax-transferable UCITS fund, has made significant adjustments to its portfolio in the second quarter of 2025. The fund, which invests at least 75% of its assets in equities, has added 43 new stocks, increased stakes in several key holdings, and exited or reduced positions in multiple companies.

Among the notable additions, Barrick Mining Corp (NYSE:B) stands out. Azvalor Managers FI acquired 129,635 shares of Barrick Mining, representing 3.38% of the portfolio with a total value of $2.699 million. The fund also increased its stake in Tencent Holdings Ltd (HKSE:00700) by 28,919 shares, bringing the total to 32,051 shares, which accounts for 1.99% of the portfolio and has a total value of HK$1,766,000. Additionally, the fund increased its position in Pop Mart International Group Ltd (HKSE:09992) by 33,176 shares, bringing the total to 44,343 shares, which represents a 297.09% increase in share count and has a total value of HK$1,295,000.

On the other hand, the fund exited 32 holdings in the second quarter. Notably, it sold all 105,677 shares of Barrick Mining Corp (TSX:ABX), which had a -3.12% impact on the portfolio. Additionally, Azvalor Managers FI liquidated all 58,022 shares of Enerflex Ltd (TSX:EFX), causing a -0.76% impact on the portfolio. Furthermore, the fund reduced positions in 91 stocks, including Algoma Steel Group Inc (NASDAQ:ASTL) by 55,145 shares, resulting in a -40.55% decrease in shares and a -0.73% impact on the portfolio.

As of the second quarter of 2025, Azvalor Managers FI's portfolio included 227 stocks. The top holdings included 3.38% in Barrick Mining Corp (NYSE:B), 2.21% in Tencent Holdings Ltd (HKSE:00700), 1.79% in M/I Homes Inc (NYSE:MHO), 1.71% in Iamgold Corp (NYSE:IAG), and 1.68% in Hudbay Minerals Inc (NYSE:HBM). The holdings are mainly concentrated in 10 of the 11 industries: Basic Materials, Energy, Consumer Cyclical, Industrials, Financial Services, Real Estate, Technology, Communication Services, Healthcare, and Consumer Defensive.

References:
[1] https://finance.yahoo.com/news/azvalor-managers-fi-makes-significant-160645289.html