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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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Donald Trump revives Canada’s Liberals in electoral turnaround

Until last month, Canada’s Liberal party appeared destined for electoral oblivion.Its leader, Prime Minister Justin

BP’s chief aims to more than double market value to $200bn

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

What are the terms of the US-Ukraine minerals deal?

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Carmakers lead European stocks lower after Donald Trump’s tariff warning

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

Andrew Tate leaves Romania for Florida after travel restrictions lifted

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

State Street loses £28bn of assets to Amundi and Invesco over ESG goals

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

Japan births fall to lowest in 125 years

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

The fallout

Once Samkelo accepted the terrifying truth, he stopped doomscrolling on Facebook, lay on his bed

European football club takeovers halve in a year

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

Nvidia passes its quarterly future-shock stress test

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

Seven & i shares plunge after founding family abandons $58bn buyout

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

Donald Trump cancels Chevron’s oil licence in Venezuela

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Goodyear Tire & Rubber Company Remains Significantly Undervalued

This article was written byFollowDaniel is an avid and active professional investor. He runs Crude

Starmer to warn Trump that peace in Ukraine needs US military cover

Sir Keir Starmer will warn President Donald Trump on Thursday that peace in Ukraine cannot

Nvidia revenues jump almost 80% on booming AI chip demand

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