<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Farringdon Fund]]></title><description><![CDATA[Farringdon Fund]]></description><link>https://www.farringdonfund.com/newsletters</link><generator>RSS for Node</generator><lastBuildDate>Wed, 29 Apr 2026 01:22:30 GMT</lastBuildDate><atom:link href="https://www.farringdonfund.com/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Q1-2026 Newsletter Farringdon European Opportunities]]></title><description><![CDATA[Q1 2026 Q1 2026 Performance Evaluation The Farringdon European Opportunities Fund ended 2025 in the top decile of European Small- &#38; Mid-Cap managers over one, three and five years, per Citywire. January and February continued in the same manner. March, however, did not. The Iran War had its impact, and whilst the true impact on the earnings power of our holdings still needs to be established, the market has in certain instances already voted. Historically, dislocations caused by geopolitical...]]></description><link>https://www.farringdonfund.com/post/q1-2026-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">69cf8669f7044e6cf7aabb96</guid><pubDate>Tue, 31 Mar 2026 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_325f4b3832677839556b38~mv2_d_6000_4000_s_4_2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q4 2025 Newsletter Exploring Farringdon European Investment Opportunities]]></title><description><![CDATA[Q4 2025 Performance Review Q4 2025 [...] Time has a way of simplifying investment debates. The past year was a very strong one for the Fund, both in absolute and relative terms. We could have written this letter as a recap of the last twelve months. Instead, we thought it would be more thought-provoking to let a longer stretch of time do the talking. This quarterly newsletter marks the end of the first five years of the Farringdon European Opportunities Fund. In that time, we have written 20...]]></description><link>https://www.farringdonfund.com/post/q4-2025-newsletter-exploring-farringdon-european-investment-opportunities</link><guid isPermaLink="false">695fb87472605d289cfa9a92</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Thu, 01 Jan 2026 14:04:36 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_6656556c366b7a49764c67~mv2_d_5184_3456_s_4_2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q3 2025 Newsletter Exploring Farringdon European Investment Opportunities]]></title><description><![CDATA[Q3 2025 Performance Review Q3 2025 This marks our sixth consecutive quarter of outperformance versus the benchmark. As shown in the graph below, the performance was driven by our two largest contributors: WestWing  and Secure Trust Bank , both delivering nearly 50% share-price gains over the period. For WestWing, which is an e-commerce furniture company, the latest results confirmed a trend that has been evident for the past eight quarters, yet only now has the market re-rated the stock in...]]></description><link>https://www.farringdonfund.com/post/copy-of-q2-2025-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">691dccf1f44eff6b372e80c3</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Wed, 01 Oct 2025 13:00:11 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_31227f89f1414347a24dc65f74b184f3~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q2-2025 Newsletter Farringdon European Opportunities]]></title><description><![CDATA[Q2 2025 Performance Review Q2 2025 This marks our fifth consecutive quarter of outperformance versus the benchmark. Over the last twelve months, Farringdon European Opportunities has outperformed the Index by +14.2%. According to CityWire, in the last twelve months ending in May 2025, we were ranked as the 4 th  best performing Fund (out of 277) in the European Small Cap space. We’re pleased with the recent performance. However, based on current portfolio valuations and the tone of commentary...]]></description><link>https://www.farringdonfund.com/post/q2-2025-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">689c5cfbb3bdeb9334502fef</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Mon, 30 Jun 2025 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_c99b064ed6904db38b4efe652356b12c~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[International Personal Finance (GBp180, Market Cap 400mn)]]></title><description><![CDATA[July 2025 International Personal Finance (IPF) provides small loans—typically to lower-income individuals in developing countries. In its largest markets, loan sizes are approximately £300 in Mexico and £1,000 in Poland. Home Credit The majority of IPF’s profits come from its traditional home credit model. This business depends on a large network of field agents—primarily women with strong local community ties—who offer credit to, again, mostly female clients. Many of these clients are...]]></description><link>https://www.farringdonfund.com/post/international-personal-finance-gbp180-market-cap-400mn</link><guid isPermaLink="false">689c604cb3bdeb9334503c62</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Mon, 30 Jun 2025 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_d5bfeb2b2fb443118ac14830aa5a0d67~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Farewell Alpha one &#38; Thank You]]></title><description><![CDATA[April 2025 Dear Investors, With this note, we mark the final newsletter for the Farringdon Alpha One fund, our long-short strategy. The fund has now been closed, and we’ll continue managing capital solely through the Farringdon European Opportunities fund, our long-only strategy focused on smaller European companies. Nearly all of you have chosen to remain with us, and we appreciate that continued trust. [...] Thank you for your continued support, your thoughtful feedback and the many...]]></description><link>https://www.farringdonfund.com/post/farewell-alpha-one-thank-you</link><guid isPermaLink="false">6835c3f35abe4090a36251a6</guid><category><![CDATA[Farringdon Alpha One]]></category><pubDate>Thu, 01 May 2025 14:01:33 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_550df89e2acf483e849cb2980c22a332~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Severfield (GBp33.70, Market Cap 100mn)]]></title><description><![CDATA[May 2025 Severfield designs, produces, and builds large-scale steel structures for offices, football stadia, data centres, nuclear power plants, bridges and more. The Shard, the tallest tower in London, features a Severfield steel frame. Severfield is the market leader in the UK—twice the size of its nearest competitor. It also operates in Europe and has a significant 50:50 joint venture in India. [...] Valuation The tangible assets reflect the depreciated historical costs of what the company...]]></description><link>https://www.farringdonfund.com/post/severfield-gbp33-70-market-cap-100mn</link><guid isPermaLink="false">689c5dfc81df80b27f77dca8</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Wed, 30 Apr 2025 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_028e1c237bd6480694a2a06960cd27b7~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q1-2025 Newsletter Farringdon European Opportunities]]></title><description><![CDATA[Q1 2025 Performance Review Q1 2025 This marks the fourth consecutive quarter of outperformance versus the benchmark. Over the last twelve months, Farringdon European Opportunities has outperformed the Index by +11.3%. According to CityWire, in the last twelve months ending in February 2024, we were ranked as the 10 th  best performing Fund (out of 283) in the European Small Cap space. [...] New Positions We've never been short on investment ideas, but the competition for our capital has...]]></description><link>https://www.farringdonfund.com/post/q1-2025-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">689c5bc2b3bdeb9334502b23</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Mon, 31 Mar 2025 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_dbfc641543b148819392f354e7b650af~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG Kenmare Resources (GBp400, Market Cap 357mn)]]></title><description><![CDATA[March 2025 We recently invested in Kenmare Resources after tracking it for many years. The investment is inherently attractive and has special situation characteristics due to current bidding activity that enhance its appeal. Below, we'll examine the company and its valuation before explaining the compelling circumstances surrounding this opportunity. [...] Valuation Kenmare reports all figures in USD. The current market cap is USD462mn and the net debt, excluding factoring, is USD21mn for a...]]></description><link>https://www.farringdonfund.com/post/long-kenmare-resources-gbp400-market-cap-357mn</link><guid isPermaLink="false">6835c29bc663846126284665</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Sat, 01 Mar 2025 14:50:39 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_dd2838a970ec450da2a4965741029aed~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG Kitwave (GBp278, Market Cap 224mn)]]></title><description><![CDATA[February 2025 Kitwave is a food distributor that specializes in servicing convenience stores and restaurants in the UK. They have around...]]></description><link>https://www.farringdonfund.com/post/kitwave</link><guid isPermaLink="false">67c7123c7fef44d9ba7d66de</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Fri, 28 Feb 2025 23:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_6f7a4b674853786c757851~mv2_d_5959_3952_s_4_2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG Uniphar (EUR2.08, Market Cap EUR567mn)]]></title><description><![CDATA[December 2024 Uniphar has three different business units. The Supply Chain &#38; Retail business is a pharmaceutical wholesale distribution...]]></description><link>https://www.farringdonfund.com/post/long-uniphar-eur2-08-market-cap-eur567mn</link><guid isPermaLink="false">677f9e6c33b9cb1bd606cc19</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Wed, 01 Jan 2025 10:02:48 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_0595eff343d741ac8d666f2dcadcca94~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q4-2024 Newsletter Farringdon European Opportunities]]></title><description><![CDATA[Q4 2024 Performance Review Q4 2024 The 2024 return for the F-Shares and A-Shares was +7.6% and +6.8% respectively, outperforming our...]]></description><link>https://www.farringdonfund.com/post/q4-2024-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">689c5ae681df80b27f77d214</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Tue, 31 Dec 2024 23:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_e54e0fb0ba464aff8995c71c55da6a26~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG SAF-Holland (EUR13.36, Market Cap 607mn)]]></title><description><![CDATA[November 2024 SAF-Holland is a leading manufacturer of chassis-related assemblies and components for trailers and trucks. The company is...]]></description><link>https://www.farringdonfund.com/post/long-saf-holland-eur13-36-market-cap-607mn</link><guid isPermaLink="false">6750600e0bf0f92acec76eff</guid><category><![CDATA[Farringdon European Opportunities]]></category><category><![CDATA[Farringdon Alpha One]]></category><pubDate>Sun, 01 Dec 2024 14:01:13 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_73163296447d43579ad90237656be53d~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG Secure Trust Bank (GBP417, Market Cap GBP80mn)]]></title><description><![CDATA[October 2024 Secure Trust Bank (STB) is a small, UK specialized lender operating in four segments:   -          Retail: a mostly offline...]]></description><link>https://www.farringdonfund.com/post/long-secure-trust-bank-gbp417-market-cap-gbp80mn</link><guid isPermaLink="false">6737503ce337899b0843a31d</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Sun, 10 Nov 2024 23:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_9783bc35f61f4ed594b312603c5a05f5~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG Quadient (EUR15.9, Market Cap EUR547bn)]]></title><description><![CDATA[September 2024 The French listed company Quadient is a mini conglomerate of three very different businesses. The crux of the investment...]]></description><link>https://www.farringdonfund.com/post/long-quadient-eur15-9-market-cap-eur547bn</link><guid isPermaLink="false">6708f19974e39b2ed4f31d08</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Tue, 01 Oct 2024 09:38:57 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_86b50cc91fb4443488f3401eaad43f33~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q3-2024 Newsletter Farringdon European Opportunities]]></title><description><![CDATA[Q3 2024 Performance Review Q3 2024 The Q3 2024 return for the F-Shares and A-Shares was +10.4% and 10.2% respectively. [...] What Worked:...]]></description><link>https://www.farringdonfund.com/post/q3-2024-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">689c5a1081df80b27f77cf01</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Mon, 30 Sep 2024 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_5f6e6d5f6d5a3443733249~mv2_d_6000_4000_s_4_2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG HelloFresh (EUR7.3, Market Cap EUR1.2bn)]]></title><description><![CDATA[August 2024 HelloFresh is the world's leading meal kit company. Meal kits are boxes that contain a recipe and all the required...]]></description><link>https://www.farringdonfund.com/post/long-hellofresh-eur7-3-market-cap-eur1-2bn</link><guid isPermaLink="false">66d85004af0511b57b987cec</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Sat, 31 Aug 2024 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_477f8e3587024ace9da25da991413147~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[SHORT Partners Group – Part II (CHF1,185, Market Cap CHF31.6bn)]]></title><description><![CDATA[July 2024 Normally we write our monthly investment letter on existing holdings with a preference to discuss a recent addition. This month...]]></description><link>https://www.farringdonfund.com/post/short-partners-group-part-ii-chf1-185-market-cap-chf31-6bn</link><guid isPermaLink="false">66b0d29839267f5baedcc15f</guid><category><![CDATA[Farringdon Alpha One]]></category><pubDate>Thu, 01 Aug 2024 13:27:30 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_645dca738d4c4011ac0efe91ad7dff2d~mv2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[LONG Basic-Fit (EUR20, Market Cap 1.3bn)]]></title><description><![CDATA[June 2024 In June 2016 we wrote an investment case about the then largest low-cost gym operator that had just had a somewhat difficult...]]></description><link>https://www.farringdonfund.com/post/long-basic-fit-eur20-market-cap-1-3bn</link><guid isPermaLink="false">668696586ce333cb7a6da2d5</guid><category><![CDATA[Farringdon Alpha One]]></category><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Sun, 30 Jun 2024 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_64502d6838436d34555841~mv2_d_5184_3456_s_4_2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item><item><title><![CDATA[Q2-2024 Newsletter Farringdon European Opportunities]]></title><description><![CDATA[Q2 2024 Performance Review Q2 2024 The 2024 return for the F-Shares and A-Shares was -0.1% and -0.4% respectively. [...] What Worked: The...]]></description><link>https://www.farringdonfund.com/post/q2-2024-newsletter-farringdon-european-opportunities</link><guid isPermaLink="false">689c593eb3bdeb9334502190</guid><category><![CDATA[Farringdon European Opportunities]]></category><pubDate>Sun, 30 Jun 2024 22:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/nsplsh_3046524a3253437559346b~mv2_d_4000_2667_s_4_2.jpg/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Team Farringdon</dc:creator></item></channel></rss>