The London Company

Unconventional Quality. Enduring Value.
An Elevated Approach Built on Downside Protection.

[The London Company @TLCadvisory]

Down-cap indexes weighted toward unprofitable companies outperformed for a year and even held up better during March's Iran conflict selloff.

Speculation this entrenched rarely ends well.

📊 https://t.co/okv5iUn17c

*Disclosures included in website link.
#MarketInsights

[The London Company @TLCadvisory]

Early cyclical broadening gave way to a narrow, commodity-driven market following the conflict in Iran.

View our Q1 letter on why we believe fundamentals will ultimately return to center stage: https://t.co/rVOkooBOmb

#MarketCommentary #QualityInvesting #QARP

[The London Company @TLCadvisory]

Tech stocks historically moved 34% more than the S&P 500 (1.34 beta). After 15 years of muted volatility, that pattern is returning.

Meanwhile, tech concentration in indexes remains at record highs.

📊https://t.co/VutFxXZKHA
*Disclosures included in website link.

[The London Company @TLCadvisory]

Market rotation to small/mid-caps reveals a new problem: the Russell 2000 Index is now heavily weighted toward less profitable companies at elevated valuations.

Concentration risk exists down-cap too.

📊https://t.co/LZf07JNV8K

*Disclosures included in website link.

[The London Company @TLCadvisory]

@evfcfaddict Thank you for sharing!

[The London Company @TLCadvisory]

Low-volatility and dividend strategies are near 15-year relative valuation lows. We believe, the market is overpaying for excitement and underpaying for resilience.

Our CIO on why stability is on sale: https://t.co/BICXdHz1of

#MarketInsights #ActiveManagement #EquityMarkets

[The London Company @TLCadvisory]

Tech stocks have become less defensive during recent market selloffs—despite outperforming in past downturns like 2011 and 2015.

The culprit? Elevated valuations in a now-record concentrated market.

📊 https://t.co/yQy8UMeonj

*Disclosures included in website link.

[The London Company @TLCadvisory]

U.S. equities posted a 3rd straight year of gains, but 2025 was one of the toughest periods for Quality factors in decades.

Read our Q4 letter on staying disciplined through market headwinds: https://t.co/KzeNgmGt1B

#QualityInvesting #RiskManagement #QualityAtAReasonablePrice

[The London Company @TLCadvisory]

Tech now represents 34.5% of the S&P 500—double from 20 years ago. The "broad market" increasingly resembles the NASDAQ 100.

Are you as diversified as you think?

📊 https://t.co/R5h0K9sAoj

*Disclosures at link.
#MarketInsights #PortfolioDiversification #PortfolioConstruction

[The London Company @TLCadvisory]

We're proud to be named one of @pensionsnews’ Best Places to Work in Money Management for the 4th consecutive year!

It's an honor to receive this recognition awarded based on positive employee feedback.

Read more: https://t.co/Mh7EoHq5VX

[The London Company @TLCadvisory]

"What have I become?"

The S&P 500 has transformed into a concentrated mega-cap bet. Down-cap indices have drifted toward leverage & lower quality.

Our CIO explores why selectivity matters as leadership broadens: https://t.co/W4weNtgkuS

#MarketInsights #EquityMarkets #Investing

[The London Company @TLCadvisory]

Markets rallied in Q3 on AI enthusiasm and rate cuts—but valuations, notably in tech, are now stretched. In our Q3 letter, we explore why quality tends to matter most when speculation cools.

Read more: https://t.co/PyTPtvZ56R

#MarketInsights #QualityAtaReasonablePrice #QARP

[The London Company @TLCadvisory]

@lhamtil Thank you, Lawrence! We appreciate you sharing our content. We hope to continue to impress next quarter.

[The London Company @TLCadvisory]

“Déjà vu all over again.” AI is driving a surge in capex, with Big Tech spend projected to top $460B by 2026. Our latest commentary looks at what past investment cycles can teach us about today’s market dynamics.

Read more: https://t.co/JSK9Oft801

[The London Company @TLCadvisory]

Market turbulence. Tariff talk. Long-term opportunity.

Get our take on it all in the Q2 2025 Quarterly Letter Commentary from The London Company.

Read now: https://t.co/LFvJx0I0jY

#StockMarket #Tariff #InvestmentStrategy #MarketUpdate #Equities