With the Hosking Partners global portfolio having benefited from the recent change in market leadership towards more value-orientated stocks, the question we are most frequently asked is “how long is the value rotation runway?”. In this Hosking Post, Jeremy Hosking discusses the reasons why he believes there remains a long way still to go, including, paradoxically, the role that ESG may be playing in lengthening the runway.
Why the current value rotation will enjoy a long runway
Search Engine to Steam Engine
“Turn and face the strange” – David Bowie, Changes There is a predictable pattern that has recurred throughout time across otherwise unrelated industries – value chains fracture, and the process of capital allocation becomes more specialised. At the risk of generalising, this tends to be led by the company, or companies, that hold the strongest […]
9 min read
Q3 2026 – Quarterly Report Commentary
The Hosking Partners strategy rose +3.5% net in the third quarter, taking year-to-date (YTD) net returns to +19.3%, outperforming the MSCI ACWI Index by 1.9% in the quarter and +6.3% YTD. In 2026, the strategy has now outperformed the benchmark over the trailing 1, 3, 5, and 10-year periods, in the face of ever narrower, […]
9 min read
How to Profit When Cycles Turn – Django Davidson on Capital Cycle Investing
Django Davidson joins Wilfred Frost on The Master Investor Podcast. They discuss the principles of capital cycle investing, how shifts in industry dynamics can create investment opportunities, and why understanding incentives and capital allocation remains central to long-term investing. Please click on the video above or the button below which will take you directly […]
1 min read