Model Portfolio update and Deep Dive: Cmb.Tech NV (Ticker symbol: CMBT)

Dear fellow value investors,

Please see below the performance of the model portfolio versus the S&P 500 as of 12th June 2026:

As you can see, the model portfolio’s YTD (since 01 Apr 2026) is 7.01 per cent versus the S&P 500 performance of 13.26 per cent (since 01 Apr 2026).

The businesses that were added to our model portfolio in due time posted strong revenue, net income, EPS and free cash flows. And we do intend to keep the current positions as long as the fundamental factors and outlook are in line with our analysis of the businesses. We will continue to look for deep pockets.

S&P 500 performance YTD (since 01 Jan 2026) is 8.40 per cent:

Source: Yahoo Finance