Investments
Where change is inevitable, we take a side.
Where We’ve Acted
We commit capital and time around turning points: long when we can build, short when reality must be priced. These points often emerge when markets misread durability, when stewardship slips, or when strategy resists the inevitable. Positions are shown as they stood during the period of engagement, reflecting the conviction we held at that time. This page reflects only our publicly announced investments.
Assumptions Are the First Cost We Cut
Every position begins with questioning what others take for granted.
- Investment:
- Long
WSD Capital Management discloses its investment in Akfen Holding. Read our executive summary outlining the rationale for our investment.- Investment:
- Short
WSD Capital Management discloses its investment position in British American Tobacco. Read our executive summary outlining the rationale for our decision.- Investment:
- Short
WSD Capital Management discloses its investment position in Reynolds American. Read our executive summary outlining the rationale for our decision.
