Model Portfolio and Q1 2026 financial results update of a covered stock

Dear fellow value investors,

We are updating the Q1 2026 results of the covered businesses. Please see below the model portfolio’s performance as of COB 14 May 2026:

Meanwhile, the S&P 500 index gained 14.03 per cent since 1 Apr 2026. We do not consider YTD (7.3 per cent) of the S&P 500 index as of now, as we should compare apples with apples.

On a side note, going forward, the portfolio model’s account is UXXXXX444. Premium subscribers are already aware of it, as they have access to the portfolio and all transactions, including updates on covered businesses.

Now comes the most crucial part of value investing. Let the paint dry and be patient. As Paul Samuelson used to say: “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas”.

As mentioned in our previous posts related to the model portfolio, we have accumulated interesting businesses that were undervalued and offered low-risk/high-reward opportunities. They were added to our portfolio at that time.

It is worth noting that we started our model portfolio on 1 April 2026 and started to acquire portions of the analysed businesses.

We have so far invested 75 per cent of the initial capital (USD 100,000). Meanwhile, we continue searching for grubs under rocks as Peter Lynch says: “Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you’ll likely find one grub; if you turn over 20 rocks you’ll find two.”

Meanwhile, please enjoy the Q1 2026 earnings update of the covered stocks.