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Vulcan Value Partners Q4 2025 Letter

Portfolio Review All of our strategies had positive returns for the year. These results are detailed in the table below.

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Is the US about to screw SWFs?

Just ahead of Christmas, the US Inland Revenue Service dropped a bunch of proposed changes to Section 892 of the

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Carney plays down prospect of major confrontation between Canada and US

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Google parent Alphabet in talks to buy cyber security group Wiz for $30bn

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

Donald Trump says China’s Xi Jinping to visit the US in ‘not too distant future’

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The Democrats must make a choice

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Countries hit by Donald Trump’s tariffs ponder retaliation or negotiation

Hello. Incredibly, a week is coming up without a major US tariff deadline in it,

Pepsi taps booming gut-health market with $2bn Poppi deal

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

Kirkland & Ellis partners pocket $9mn

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Putin lets western investors sell some Russian shares ahead of Trump talks

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Italian football star sparks outrage with plan to attend Moscow gala

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Russia behind Ikea arson attack in Lithuania, prosecutors say

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EU to probe aluminium imports redirected by Trump tariffs

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Far-right Romanian frontrunner sees Russia as a ‘threat’

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories

How Trump could destroy his own political movement

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IETC Expected To Benefit From Trade Policies, But Wait For Better Entry Point (BATS:IETC)

This article was written byFollowKomal is passionate about finance and the stock market. She enjoys

Donald Trump’s tariff volatility complicates Federal Reserve’s rate messaging

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