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Seeking the next $CSU $LIFCO and $BRK-A.

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[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Big TerraVest drop today. Insider trading scandal.

Not sure why it warrants a 34% drop at the time of writing. Presumably market is pricing in further irregularities? 🤔 $TVK 🇨🇦

[✨ Constellation Hathaway Capital @NotMarkLeonard]

@Z22Holding English translation $TVK.TO

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@PronkDaniel Bullish for $CAMT & $NVMI @nav09284172

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@637_721 I only know what was in that headline.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Big TerraVest drop today. Insider trading scandal.

Not sure why it warrants a 34% drop at the time of writing. Presumably market is pricing in further irregularities? 🤔 $TVK 🇨🇦

[✨ Constellation Hathaway Capital @NotMarkLeonard]

@Z22Holding English translation $TVK.TO

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@Spencer_Invest I think those are both true.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Well, if insider trading has occurred then that is a serious financial crime, and does warrant a drop in SP, not least because we don’t know the extent of it. Once a line is drawn under what happened, and the facts are established, the SP will rebound.

Ultimately, the business is still an acquirer of vessels, and that’s not suddenly destroyed because a key figure was insider trading the stock.

Personally I’m holding, see no reason to sell. $TVK

[PulsiónDeMuerte @PulsionDe]

@AcquirerHQ Impressions?

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Why are the best investors obsessed with the "Swedish Serial Acquirer"? 🇸🇪

It’s a masterclass in capital allocation: buy niche, profitable firms, leave them alone, and reinvest the cash.

The result? Multi-decade compounding machines.

A thread on the best small-cap ideas. 🧵

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Big orders for Camtek! $CAMT

[Moshe Cohen (משאם אחזקות) @nav09284172]

ואו $CAMT

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

I mist confess, whilst I am a fan of TS, and very much influenced by him in my own strategy, I sold out of Fundsmith recently in another strategy. The underperformance is not good but it’s the apparently lack of a winning strategy which is coming through with the trades. Selling Intuit, only to buy it back and then sell it very soon after. Now a similar thing with Zoetis.

Smithson is a lot worse in every respect.

Not sure what power the ‘only invest in good companies’ mantra has remaining.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@nav09284172 Me

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@jupiters_string They were originally 10% positions but have done very well and I haven’t trimmed anything.

I think both could be 10-baggers from here.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Monthly Portfolio update for May 2026:

🇮🇱 - Nova $NVMI - 13.9%
🇮🇱 - Camtek $CAMT - 13.1%
🇸🇪 - Lagercrantz $LAGR - 8.6%
🇸🇪 - Momentum Group $MMGR - 8.6%
🇸🇪 - Teqnion $TEQ - 8.4%
🇨🇦 - Lumine Group $LMN - 7.5%
🇬🇧 - Judges Scientific $JDG.L - 7.4%
🇳🇱 - Topicus $TOI.V - 7.3%
🇸🇪 - AddTech $ADDT - 6.8%
🇸🇪 - MedCap $MCAP - 6.8%
🇸🇪 - Lifco $LIFCO - 6.0%
🇨🇦 - TerraVest Industries $TVK - 5.8%

Performance:
May: +0.75%
YTD: +0.60%

This month I added a small amount to Topicus. The Constellation universe still appears materially undervalued due to misplaced fears of AI disruption.

Still no sales whatsoever since the start of 2026.

Aside from this, the monthly winner was Canadian vessel acquirer TerraVest up 14%, whilst the monthly loser was Camtek down 7%.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

🇸🇪 Momentum Group picking up the acquisitions, acquiring Ceon. 💪 $MMGR

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@ReneSellmann Huge selling of the winners in Fundsmith and Smithson e.g. Idexx, Rollins & Vertiv. Something definitely going on.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

@ReneSellmann $CAMT $TOI.V $LAGR.ST

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Just added to $TOI.V at $91.

It seems to be this is a rare opportunity to buy a businesses with huge upside, near limitless runway, at the half price sale for reasons not related to the fundamentals. Even Claude itself suggested it as a good investment 🤣

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Excellent results for $NVMI. Followers of $CAMT and $NVMI should check out the account below. Always quality content. 👇

[Moshe Cohen (משאם אחזקות) @nav09284172]

$NVMI Nova reported a very strong Q1 2026, with record revenue of $235.3 million and non GAAP EPS of $2.33. Guidance for Q2 is even stronger at $245 million to $255 million. The key message is continued strength in advanced DRAM, memory, logic and metrology, another sign that AI and memory related semiconductor equipment demand remains solid.

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

Which position should I add to and why?

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

$MMGR.ST Momentum Group acquires Limo, an industrial components business.

This is good to see. 👇 👀

[Acquirer HQ | Serial Acquirers | Small-Caps @AcquirerHQ]

$CSU results were fantastic. If there is any AI disruption for SaaS, then there is no evidence whatsoever for the CSU universe at least so far. Looks to be an unjustified drop in price against perfectly strong fundamentals.

I may very well add to $LMN $TOI at these levels.