AlBittar Value Fund
Cultivating long-term value.
A concentrated, long-term value portfolio. We buy businesses at rigorous, fundamental valuations — never tickers, never momentum.
+9.54%
Cumulative return since inception
+13.13%
S&P 500, same period
84.18%
Equity exposure
15.81%
Cash reserve
Figures as reported in the Q3 2026 interim update. Past performance is not indicative of future results.
The fund
An investment programme, not a trading account
The orange tree is our emblem because it represents deep roots, institutional patience, and the compounding yield of methodical cultivation.
The AlBittar Value Fund is a concentrated, long-term value portfolio. In Q3 2026 we continued to deploy capital into mispriced businesses, raising equity exposure to 84.18% and reducing the strategic cash reserve to 15.81%.
Over the period the portfolio returned +9.54% against +13.13% for the S&P 500. Amid growing fears of an AI-driven bubble inflating the indices, we remain anchored in capital preservation and fundamental business quality over speculative chasing.
We do not chase momentum and we do not react to headlines. Capital is committed only where valuation work supports it, and profits are realised with the same discipline they were earned.
Portfolio manager
Mahmoud AlBittar
Portfolio Manager, AlBittar Value Fund
Investment philosophy
We are buying businesses, not trading tickers.
Fundamental valuation only
We will only purchase stock based on rigorous, fundamental valuation methods. We are buying businesses, not trading tickers.
Institutional patience
The orange tree is our emblem because it represents deep roots, institutional patience, and the compounding yield of methodical cultivation.
Disciplined profit-taking
We sell when price reaches value — as with our realised exits from Occidental Petroleum, Bitcoin and, in Q3, Atkore.
Unmoved by noise
We will never deploy capital or alter our strategy based on external circumstances, whether that be market crashes, wars, or panic.
Strategy
How the portfolio was constructed
Strategic deployment of cash
We methodically reduced our cash position from 22.95% down to 15.81%, driven by deep-value opportunities that met our strict margin-of-safety criteria. The remaining cash acts as a strategic reserve to capitalise on future market dislocations.
Realising profits: exiting ATKR
We invested in Atkore (ATKR) because it was deeply undervalued. A recent acquisition agreement drove the price up to our estimate of intrinsic value, so we fully exited to lock in our gains.
New deep value additions
We deployed capital into three new positions: Boeing (2.63%), Warner Bros. Discovery (2.69%) and Nike (2.40%) — globally recognised franchises facing temporary headwinds, acquired at severe discounts to intrinsic value.
Steadfast core equity anchors
We held our 21 existing core anchors steady — including Adobe (13.20%), Meta (7.07%), Berkshire Hathaway (5.89%) and Amazon (4.42%) — bringing total equity exposure to 84.18%.
Portfolio composition
Positions as at the Q3 2026 report
Weights are stated as reported in the Q3 2026 interim update and are not updated in real time. Full detail, including realised exits, is available in the report.
| Holding | Weight |
|---|---|
| USD Cash | 15.81% |
| ADBE | 13.20% |
| META | 7.07% |
| BRK B | 5.89% |
| PLTR | 5.63% |
| CRM | 4.91% |
| DLB | 4.86% |
| BABA | 4.78% |
| AMZN | 4.42% |
| MA | 3.75% |
| UBER | 3.49% |
| LULU | 2.84% |
Library
Reports
Quarterly updates and fund documentation — open to read and download, with no registration required.
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Contact
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Written enquiries, documentation requests and correspondence with the portfolio manager.