Company Spotlight: Kerry Group

Sionna's High Conviction strategy (the Sionna Opportunities Fund) focuses on a carefully selected, concentrated group of companies chosen for their attractive fundamentals. The portfolio includes names in which we have the strongest conviction across all market caps in Canada, the U.S., and international markets.

Our latest Company Spotlight features one of our non-domestic holdings, Kerry Group, a business that exemplifies our approach to investing in quality companies with compelling risk/reward characteristics.

Hype Cycle Redux: Game of Pin the Tail on the Donkey

Gartner's Hype Cycle serves as a reminder that excitement can outrun reality, narratives can outpace fundamentals, and even extraordinary technologies often follow very ordinary patterns. Many cycles reach a point when confidence swells just enough for investors to declare that the old rules no longer apply. That moment is usually where the trouble begins. Where would you place AI enthusiasm, hyperscalers, data centers, equity markets, private credit, or passive investing on the Hype Cycle today?

Allocating Defensively and Effectively: Canada and Value

Investors today face a rapidly changing geopolitical environment, compounded with waves of speculative retail enthusiasm. Given the uncertainty in today’s market, we believe both defensive value and the relatively inexpensive Canadian and international markets are well positioned to perform in the coming years.

Company Spotlight: Finning

Sionna's Trader and Equity Research Analyst, Hunter Corcoran, provides an update on Finning International and outlines our thesis on the name.

The Limitations of Categorizing Stocks into Growth and Value Buckets

The practice of dividing stocks into rigid "growth" and "value" categories, or buckets as they are often referred, has become somewhat commonplace in today's investment landscape. Unfortunately, this binary classification system is far from perfect and can create significant limitations as it relates to portfolio construction.

Seek Cheaper Markets with Higher Expected Returns

Kim Shannon, CFA, MBA
Founder and Co-CIO

The Home Country Bias Series

In this installment of The Home Country Bias, we feature a core holding across many of our strategies - Canadian Tire (CTC).

The “Buy Canada” movement, paired with resilient consumer spending, targeted merchandising on behalf of CTC’s team, an expanded loyalty offering, and meaningful buyback activity, has positively impacted CTC's stock price this year. But, not all Canadian Tire’s success is due to the “luck” of being the quintessential Canadian retailer at a time of elevated patriotism.

Sionna’s Financial Market Review

Market Trends (2:39)  | Oil, LNG Expansion (15:55)  | Policy Impacting Canadian Energy (26:17) |  Telecommunications Holdings: Rogers and Quebecor (33:57)  |  Drivers of Lifeco’s Performance (43:10)  | Thesis on Empire and The North West Co. (48:47)  |  Views on Banks – Canada and abroad (58:40)  | Gold: Featuring Franco Nevada (1:02:12)  |  Thesis on GSK (1:07:06)

Company Spotlight: Gold

Portfolio Manager, Aleksy Wojcik, covers Sionna's gold exposure and outlines our thesis behind our selected gold holdings.