Berkshire Hathaway Investors Weigh Future Under New CEO Greg Abel (CNBC)

Kim Shannon attended the Berkshire Hathaway Annual Meeting this year and was interviewed by CNBC where she discussed her thoughts on Berkshire's direction under new CEO, Greg Abel.

Finding Value, Then and Now (Calgary Connects)

Kim Shannon joins Calgary Connects to discuss Sionna's approach to value investing and risk management within our process.

The Big Cycle Shift: From Asset-Light Dominance to Physical Scarcity, From Growth to Value

After more than a decade of growth dominance fueled by abundant liquidity and disinflation, the balance of evidence suggests a swing of the pendulum, from asset-light to asset-heavy businesses. In this emerging regime, value is not simply participating in the cycle, it is positioned to lead it, and Canada has the natural endowments to lead on the world stage.

Inflation cools to 1.8% year-over-year in February (BNN Bloomberg)

Kim Shannon, CFA, MBA
Founder and Co-CIO

Sionna Soundbite – Iran Situation Continues to Evolve

Our latest update from Portfolio Manager, Aleksy Wojcik, outlines key developments in the Iran/U.S./Israel conflict. In the piece, Aleksy discusses potential impacts on global shipping lanes, energy markets and broader commodity dynamics.

Company Spotlight: Dollar General

Sionna's Trader and Equity Research Analyst, Hunter Corcoran, provides an update on Dollar General, a holding in Sionna's High Conviction Strategy (Sionna Opportunities Fund).

Natural Folly in the Age of Artificial Intelligence

Artificial Intelligence (AI) seems to be front and center everywhere these days. This enthusiasm is understandable. AI has the potential to redefine productivity and transform whole industries (and even societies). But there is much uncertainty with the rate of AI adoption, the ultimate economic impact and who the winners and losers will be tomorrow. Against this backdrop of uncertainty there are risks brewing. Valuations imply enormous growth and profits ahead. There has been heavy borrowing to fund massive capital expenditures. And the entanglement of partnerships and investments between AI-related companies may pose systematic risk. Vigilance is warranted.

Sionna Soundbite: Venezuela Oil Potential Knock-Ons: This Remains Fluid

Portfolio Manager, Aleksy Wojcik, takes a closer look at Venezuela’s oil sector, focusing on crude quality, supply reliability and capital needs. He dives into how U.S. refineries have become more reliant on Canadian heavy oil due to long-term investments, while Venezuela faces some tough structural and investment hurdles that could limit any major shifts in its oil supply in the short term.

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.