AlBittar Value Fund
Cultivating long-term value.
A concentrated, long-term value portfolio. We buy businesses at rigorous, fundamental valuations — never tickers, never momentum.
+4.65%
Cumulative return since inception
+10.01%
S&P 500, same period
77.05%
Equity exposure
22.95%
Cash reserve
Figures as reported in the Q2 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. Q2 2026 marked the fund's transition from a defensive, capital-preservation posture into a fully constructed portfolio, with equity exposure of 77.05% and a 22.95% strategic cash reserve.
Over the period the portfolio returned +4.65% against +10.01% for the S&P 500. That gap is a direct consequence of holding significant cash while positions were built at acceptable valuations, rather than a change of mandate.
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
A core tenet of our philosophy is disciplined profit-taking — as with our realised exits from Occidental Petroleum and Bitcoin.
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 reduced our cash position from over 55% to 22.95% after identifying specific, fundamentally undervalued businesses that met our rigorous criteria. The remaining cash acts as a strategic reserve, providing liquidity and optionality for future volatility.
Realising profits
We locked in gains on our largest Q1 directional position, Occidental Petroleum (OXY), exiting completely, and executed our planned exit from temporary, tactical exposure to Bitcoin (BTC).
Core equity anchors
Adobe (ADBE) stands as our largest single equity holding at 13.06%, alongside new positions in Berkshire Hathaway (6.19%), Meta Platforms (6.00%) and Amazon (4.53%) — dominant, cash-flowing leaders acquired at discounts to intrinsic value.
Tactical deep value expansion
The remainder of deployed equity capital — bringing total equity weight to 77.05% — is strictly allocated to deeply mispriced businesses such as Alibaba (4.40%), Dolby Laboratories (4.45%), Palantir (4.04%) and Uber (3.97%).
Portfolio composition
Positions as at the Q2 2026 report
Weights are stated as reported in the Q2 2026 interim update and are not updated in real time. Full detail, including realised exits, is available in the report.
| Holding | Weight |
|---|---|
| USD Cash | 22.95% |
| ADBE | 13.06% |
| BRK B | 6.19% |
| META | 6.00% |
| AMZN | 4.53% |
| DLB | 4.45% |
| BABA | 4.40% |
| PLTR | 4.04% |
| UBER | 3.97% |
| CRM | 3.74% |
| MA | 3.70% |
| LULU | 3.48% |
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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