Current portfolio by size
[Undisclosed]
PlayWay S.A. #PLW.WA (since 2022)
Constellation Software #CSU #CSU.TO (2022)
OTC Markets Group #OTCM (2020/21)
not meaningful (<1%) positions
Sanko 6964.T
Symbolic Logic #EVOL
Charle 9885.T
Topicus #TOI #TOI.V
Lumine Group #LMN #LMN.V
various [Undisclosed]
[Undisclosed]
PlayWay S.A. #PLW.WA (since 2022)
Constellation Software #CSU #CSU.TO (2022)
OTC Markets Group #OTCM (2020/21)
not meaningful (<1%) positions
Sanko 6964.T
Symbolic Logic #EVOL
Charle 9885.T
Topicus #TOI #TOI.V
Lumine Group #LMN #LMN.V
various [Undisclosed]
April 27, 2025 at 4:15 AM
RBC: "excluding spin-outs (Topicus, Lumine), Constellation has already deployed more in Q3-to-date than all of 1H/FY25 ($266MM Q3-to-date vs. $229MM 1H). Including Topicus's equity investments in Asseco, CSI has deployed $1.32B YTD, which equates to ~80% of the capital deployed in all of FY24."
August 11, 2025 at 2:38 PM
RBC: "excluding spin-outs (Topicus, Lumine), Constellation has already deployed more in Q3-to-date than all of 1H/FY25 ($266MM Q3-to-date vs. $229MM 1H). Including Topicus's equity investments in Asseco, CSI has deployed $1.32B YTD, which equates to ~80% of the capital deployed in all of FY24."
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3
A More Fundamental Approach: The ROIC and Reinvestment Rate-Driven DCF
expansestocks.substack.com
October 8, 2025 at 11:47 AM
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
The resolution isn't great but it looks like the inner of the three main circles is Topicus cancri - until you realise there is a miniature "r" tucked in behind the T. Oops! And if this happens on the best that money can buy, what about elsewhere.....?
April 9, 2025 at 8:24 AM
The resolution isn't great but it looks like the inner of the three main circles is Topicus cancri - until you realise there is a miniature "r" tucked in behind the T. Oops! And if this happens on the best that money can buy, what about elsewhere.....?
sdds dele:trans topicus💕
September 2, 2024 at 2:13 AM
sdds dele:trans topicus💕
1.ETLN etf europe ex UK
2.Investor
3.Topicus
kikat på svedbergs men inte slagit till ännu .
2.Investor
3.Topicus
kikat på svedbergs men inte slagit till ännu .
March 13, 2025 at 11:56 AM
1.ETLN etf europe ex UK
2.Investor
3.Topicus
kikat på svedbergs men inte slagit till ännu .
2.Investor
3.Topicus
kikat på svedbergs men inte slagit till ännu .
Waarom banenmagneet Topicus liever in Deventer dan in de Randstad zit
Waarom banenmagneet Topicus liever in Deventer dan in de Randstad zit
Grote kans dat je ze kent, maar dat niet doorhebt. Als je een vraag stelt aan je huisarts op het digitale spreekuur, bijvoorbeeld. Of je kind op de computer helpt met een schoolopdracht. Wat drijft Topicus? Het snel groeiende IT-bedrijf uit Deventer wil…
dlvr.it
March 1, 2025 at 11:00 AM
Waarom banenmagneet Topicus liever in Deventer dan in de Randstad zit
March 3, 2025 at 7:19 AM
Constellation and Topicus Secure Strategic Stake in Asseco Poland
https://wsnext.com/292eec8-acquisition-software/
https://wsnext.com/292eec8-acquisition-software/
Constellation and Topicus Secure Strategic Stake in Asseco Poland
Toronto, Wednesday, 1 October 2025.Constellation Software and Topicus.com have jointly acquired 14.84% of Asseco Poland’s treasury shares, enhancing their presence in Eastern Europe’s tech sector. Thi
wsnext.com
October 1, 2025 at 11:14 AM
Constellation and Topicus Secure Strategic Stake in Asseco Poland
https://wsnext.com/292eec8-acquisition-software/
https://wsnext.com/292eec8-acquisition-software/
A more fundamental approach: ROIC & Reinvestment Rate-Driven DCF.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like #ConstellationSoftware - Part #3
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
It includes models for both #CSU and spin-offs #Topicus and #Lumine
🔗 Full article in the thread below.
expansestocks.substack.com/p/deep-dive-...
Deep Dive Brief: How to Build a DCF for Serial Acquirers Like Constellation Software - Part #3
A More Fundamental Approach: The ROIC and Reinvestment Rate-Driven DCF
expansestocks.substack.com
October 10, 2025 at 2:20 PM
A more fundamental approach: ROIC & Reinvestment Rate-Driven DCF.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
Practical guide + example with #ConstellationSoftware.
Includes downloadable models for #CSU and its spin-offs ( #Topicus and #LumineGroup).
🔗 Link in thread or profile.
#Topicus #TOI research memo's coming out next week.
Half will be free-to-read, the other half along with downloadable Valuation models will be for paid subscribers.
Take a closer look at what we offer and who we are at #ExpanseStocks Behind-The-Scenes: expansestocks.substack.com/p/expanse-st...
Half will be free-to-read, the other half along with downloadable Valuation models will be for paid subscribers.
Take a closer look at what we offer and who we are at #ExpanseStocks Behind-The-Scenes: expansestocks.substack.com/p/expanse-st...
💼 Expanse Stocks: Behind-The-Scenes
Explore my portfolio's composition, strategy, valuation metrics, and performance. Premium subscribers get full access to portfolio holdings, swing trades, and my stock-picking methodology.
expansestocks.substack.com
May 11, 2025 at 8:39 PM
#Topicus #TOI research memo's coming out next week.
Half will be free-to-read, the other half along with downloadable Valuation models will be for paid subscribers.
Take a closer look at what we offer and who we are at #ExpanseStocks Behind-The-Scenes: expansestocks.substack.com/p/expanse-st...
Half will be free-to-read, the other half along with downloadable Valuation models will be for paid subscribers.
Take a closer look at what we offer and who we are at #ExpanseStocks Behind-The-Scenes: expansestocks.substack.com/p/expanse-st...
Perfect timing (I know 😅) for a new series of Monthly Specials - March 2025 as ‘markets in turmoil’ navigate Trump-induced turbulences.
But that shall not stop me from bringing 2 fresh picks:
🔹 #Amazon #AMZN
🔹 #Topicus #TOI #TOI.V
Free to read:
expansestocks.substack.com/p/monthly-sp...
But that shall not stop me from bringing 2 fresh picks:
🔹 #Amazon #AMZN
🔹 #Topicus #TOI #TOI.V
Free to read:
expansestocks.substack.com/p/monthly-sp...
Monthly Specials (March 2025)
Two fresh ideas for a messy start of the year: Amazon and Topicus
expansestocks.substack.com
March 11, 2025 at 12:01 PM
Top European Quality Stocks 💎
Sweden 🇸🇪
- Evolution Gaming
- Atlas Copco
- Lifco
Italy 🇮🇹
- Luxottica
- Moncler
- Ferrari
Spain 🇪🇸
- Clinica Baviera
- Amadeus
- Inditex
Netherlands 🇳🇱
- Topicus
- Adyen
- ASML
Denmark 🇩🇰
- Novo Nordisk
- Coloplast
- DSV
What else?
Sweden 🇸🇪
- Evolution Gaming
- Atlas Copco
- Lifco
Italy 🇮🇹
- Luxottica
- Moncler
- Ferrari
Spain 🇪🇸
- Clinica Baviera
- Amadeus
- Inditex
Netherlands 🇳🇱
- Topicus
- Adyen
- ASML
Denmark 🇩🇰
- Novo Nordisk
- Coloplast
- DSV
What else?
September 20, 2024 at 8:26 PM
Top European Quality Stocks 💎
Sweden 🇸🇪
- Evolution Gaming
- Atlas Copco
- Lifco
Italy 🇮🇹
- Luxottica
- Moncler
- Ferrari
Spain 🇪🇸
- Clinica Baviera
- Amadeus
- Inditex
Netherlands 🇳🇱
- Topicus
- Adyen
- ASML
Denmark 🇩🇰
- Novo Nordisk
- Coloplast
- DSV
What else?
Sweden 🇸🇪
- Evolution Gaming
- Atlas Copco
- Lifco
Italy 🇮🇹
- Luxottica
- Moncler
- Ferrari
Spain 🇪🇸
- Clinica Baviera
- Amadeus
- Inditex
Netherlands 🇳🇱
- Topicus
- Adyen
- ASML
Denmark 🇩🇰
- Novo Nordisk
- Coloplast
- DSV
What else?
Current portfolio by size
PlayWay S.A. #PLW.WA (since 2022)
Karelia Tobacco Company #KARE.AT
[Undisclosed]
Constellation Software #CSU.TO (2022)
OTC Markets Group #OTCM (2020/21)
less meaningful (<1%) positions
Sanko 6964.T
Charle 9885.T
Symbolic Logic #EVOL
Topicus #TOI.V
Lumine Group #LMN.V
PlayWay S.A. #PLW.WA (since 2022)
Karelia Tobacco Company #KARE.AT
[Undisclosed]
Constellation Software #CSU.TO (2022)
OTC Markets Group #OTCM (2020/21)
less meaningful (<1%) positions
Sanko 6964.T
Charle 9885.T
Symbolic Logic #EVOL
Topicus #TOI.V
Lumine Group #LMN.V
May 27, 2025 at 4:44 AM
Topicus #TOI.V är en sån jävla maskin: Net income +32%, FCF +27%, EPS +29%. Bara fortsätta äga och låta företaget tuffa på i många år framöver.
February 26, 2025 at 10:39 PM
Topicus #TOI.V är en sån jävla maskin: Net income +32%, FCF +27%, EPS +29%. Bara fortsätta äga och låta företaget tuffa på i många år framöver.