[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] [@TLM_Capital](/creator/twitter/TLM_Capital) "A thread explaining my portfolio ๐๐ฝ $CSU $TPL $RMS $RACE $NVR $MKL $KNSL $DNP $DNP.WA $HEI $HEI.A $KKR $INTU $APO $PLUS $ENX $FICO $STRL $ODFL $BRK.A $BRK.B Tencent $CPRT $ADDT $INDT $LAGR $SGN $ABS $PNP $PNP.TO $NORBT"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938186878395494400) 2025-06-26 10:45:36 UTC XXX followers, 1322 engagements "๐ LIBRARY UPDATE As you know Im uploading One Pages of the worlds best compounders in the link shared in the second tweet of this thread Until now โ Constellation Software $CSU $CSU.TO โ Texas Pacific Land $TPL Just added โ Lagercrantz $LAGR โ Dino Polska $DNP $DNP.WA"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1940774683152208378) 2025-07-03 14:08:36 UTC XXX followers, XXX engagements "Sygnity $SGN.WA is in my portfolio. For now it has a small weight as I still need to study it much more. But so far it looks very promising. It's part of the Constellation $CSU $CSU.TO family which happens to be my main position"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1942532612486209983) 2025-07-08 10:33:59 UTC XXX followers, 1485 engagements "Its not that Topicus $TOI.V might become the next Constellation Software $CSU $CSU.TO its that its already becoming it. Same DNA same playbook and a long runway ahead. If you believe in compounding this story deserves your full attention"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1940392180411150575) 2025-07-02 12:48:41 UTC XXX followers, XXX engagements "Im collecting annual letters from the top serial acquirers. Mark Leonard $CSU $CSU.TO is the most famous but others like Lars Stenlund (former CEO of Vitec $VITB.ST $VIT $VITB) and current CEO Olle Bckman are also worth reading. - $LAGR - $INDT - $ADDT Also included"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1945008847229169813) 2025-07-15 06:33:40 UTC XXX followers, 1577 engagements "Alright I see you really liked the idea. So throughout the day Ill be updating the document with all the annual letters from Mark Leonard CEO of Constellation Software $CSU $CSU.TO"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1945392124410613793) 2025-07-16 07:56:40 UTC XXX followers, XXX engagements "Check out the list and the profile in general. The work being done is incredible. A huge source of both inspiration and above all information. The fact that it includes companies like $SGN $SGN.WA and $NORBT says a lot about how deep the research really goes ๐๐ฝ"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1942949784979173852) 2025-07-09 14:11:41 UTC XXX followers, XXX engagements "๐งต Heres my long-term investment portfolio: $CSU $TPL $RMS $RACE $NVR $MKL $KNSL $DNP $DNP.WA $HEI $HEI.A $KKR $INTU $APO $PLUS $ENX $FICO $STRL $ODFL $BRK.A $BRK.B Tencent $CPRT $ADDT $INDT $LAGR $SGN $ABS $PNP $PNP.TO $NORBT Details below ๐"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938185393884529011) 2025-06-26 10:39:42 UTC XXX followers, 1496 engagements "๐ What kind of businesses Vertical software ( $CSU $ADDT $INDT) Infrastructure & logistics ( $STRL $ODFL $TPL) Global luxury ( $RMS $RACE) Private equity / capital allocators ( $KKR $APO $MKL) Scalable tech with network effects ( $INTU $FICO Tencent)"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938185403678273942) 2025-06-26 10:39:44 UTC XXX followers, XXX engagements "People said the same about Berkshire $BRK.B years ago and it always proved a good buy. I have no doubt that in XX years the intrinsic value of Constellation $CSU $CSU.TO will keep growing at solid rates and the stock price will follow"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1943315413573554202) 2025-07-10 14:24:34 UTC XXX followers, 2107 engagements "๐ง My strategy blends: Long-term ownership mindset Opportunistic reinvestment during drawdowns Focus on quality + high return on capital Risk control via rising stop losses Valuation filter: FCF yield vs. 10Y Treasury"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938185400595440020) 2025-06-26 10:39:43 UTC XXX followers, XXX engagements "Yes. Waste Connections $WCN $WCN.TO is in my investment universe and I recommend holding any company on that list if your plan is to invest for the long term"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1941150868709183901) 2025-07-04 15:03:26 UTC XXX followers, XXX engagements "What do you think about HEICO Corporation $HEI Personally I see it as one of the most quietly outstanding compounders out thereniche aerospace high margins strong insider ownership and a decentralized M&A strategy thats worked for decades. A true quality compounder"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1939968656487715151) 2025-07-01 08:45:45 UTC XXX followers, 1210 engagements "We tend to overcomplicate investing. Learning from Greenblatt you realize that equally diversifying across XX good businesses is a solid approach. A strong 2025 portfolio could look like: $SDI $6028 $DNP $ODFL $TIH $MFT $INDT $6532 $INTU $GTT $AOF $CHD $NEM $ABS $RMS"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938484365572673584) 2025-06-27 06:27:42 UTC XXX followers, XXX engagements "You nailed it with the shareholder base How a company acts attracts certain investors and to win long term you need the right ones Dear Shareholder and Quality Shareholders highlight this well $LOTB.BR and $CSU are a great example: long-term focus strong reinvestment no noise"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938937561361031472) 2025-06-28 12:28:33 UTC XXX followers, XXX engagements "Mark Leonard is all you need to put in the investment thesis for Constellation Software $CSU the culture hes built is beyond words. Others can read his letters but replicating what hes created is nearly impossible. Execution is the true moat"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938303622028075445) 2025-06-26 18:29:30 UTC XXX followers, XXX engagements "Ill tell you the same as everyone else: stop focusing on ratios and start analyzing companies business models and management teams. I wouldnt care if I bought something at PE XXX XXX or 1000. $CSU $CSU.TO is already at PE XXX yet P/FCF is XX. Those ratios mean nothing"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1941680513070039504) 2025-07-06 02:08:03 UTC XXX followers, XXX engagements "I dont think buying Pinetree $PNP $PNP.TO at these prices is a bad idea Everyone says it trades at too big a premium over NAV. But what really stands out here is the management. Doesnt it sound like Berkshire $BRK.B and Warren Buffett Now take a look at the PB ratio of both"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1941150024345530669) 2025-07-04 15:00:05 UTC XXX followers, XXX engagements "Berkshire $BRK.B trades at a P/FCF of XXXXX and Constellation $CSU $CSU.TO at XX. Valuation ratios are meaningless. And yet over the next X years both will outperform the S&P500. I cant tell you what happens in a year thats not my game"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1943339810048950521) 2025-07-10 16:01:30 UTC XXX followers, XXX engagements "Patience. Let the experts do their job. The management team has an excellent track record. One or a few bad quarters dont mean the business is in decline. Anyone who sold $CSU $CSU.TO and stopped trusting Mark Leonard when things got tough must be regretting it. Its the same"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1945496295918973352) 2025-07-16 14:50:37 UTC XXX followers, 1086 engagements "Look at margins ROIC and key metrics. Not saying $SAIA is a bad stock (I just wouldn't own it) but I prefer the best in the industry: $ODFL. Its rivals spend heavily to gain share but $ODFL wins every time thanks to unbeatable capital allocation"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1943319523756753342) 2025-07-10 14:40:54 UTC XXX followers, XXX engagements "I also hold niche under-the-radar plays: ๐ฏ $DNP $SGN $ABS $PNP $NORBT They dominate small verticals too trivial for copycats which gives them pricing power and durability"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938185406173806813) 2025-06-26 10:39:45 UTC XXX followers, XXX engagements "$ADDT and $LAGR are probably the two serial acquirers from Sweden that interest me the most. Theres a lot to learn from both"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1945496840964595980) 2025-07-16 14:52:47 UTC XXX followers, XXX engagements "Anyone who knows what theyre doing has Constellation Software $CSU $CSU.TO and Mark Leonard working for them"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1941147774453706777) 2025-07-04 14:51:08 UTC XXX followers, 1041 engagements "And the perfect example is Constellation Software $CSU $CSU.TO. PE ratio of XX. Wouldnt you buy it Youd be crazy not to"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1941492241958305832) 2025-07-05 13:39:56 UTC XXX followers, 1237 engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@TLM_Capital
"A thread explaining my portfolio ๐๐ฝ $CSU $TPL $RMS $RACE $NVR $MKL $KNSL $DNP $DNP.WA $HEI $HEI.A $KKR $INTU $APO $PLUS $ENX $FICO $STRL $ODFL $BRK.A $BRK.B Tencent $CPRT $ADDT $INDT $LAGR $SGN $ABS $PNP $PNP.TO $NORBT" @TLM_Capital on X 2025-06-26 10:45:36 UTC XXX followers, 1322 engagements
"๐ LIBRARY UPDATE As you know Im uploading One Pages of the worlds best compounders in the link shared in the second tweet of this thread Until now โ Constellation Software $CSU $CSU.TO โ Texas Pacific Land $TPL Just added โ Lagercrantz $LAGR โ Dino Polska $DNP $DNP.WA" @TLM_Capital on X 2025-07-03 14:08:36 UTC XXX followers, XXX engagements
"Sygnity $SGN.WA is in my portfolio. For now it has a small weight as I still need to study it much more. But so far it looks very promising. It's part of the Constellation $CSU $CSU.TO family which happens to be my main position" @TLM_Capital on X 2025-07-08 10:33:59 UTC XXX followers, 1485 engagements
"Its not that Topicus $TOI.V might become the next Constellation Software $CSU $CSU.TO its that its already becoming it. Same DNA same playbook and a long runway ahead. If you believe in compounding this story deserves your full attention" @TLM_Capital on X 2025-07-02 12:48:41 UTC XXX followers, XXX engagements
"Im collecting annual letters from the top serial acquirers. Mark Leonard $CSU $CSU.TO is the most famous but others like Lars Stenlund (former CEO of Vitec $VITB.ST $VIT $VITB) and current CEO Olle Bckman are also worth reading. - $LAGR - $INDT - $ADDT Also included" @TLM_Capital on X 2025-07-15 06:33:40 UTC XXX followers, 1577 engagements
"Alright I see you really liked the idea. So throughout the day Ill be updating the document with all the annual letters from Mark Leonard CEO of Constellation Software $CSU $CSU.TO" @TLM_Capital on X 2025-07-16 07:56:40 UTC XXX followers, XXX engagements
"Check out the list and the profile in general. The work being done is incredible. A huge source of both inspiration and above all information. The fact that it includes companies like $SGN $SGN.WA and $NORBT says a lot about how deep the research really goes ๐๐ฝ" @TLM_Capital on X 2025-07-09 14:11:41 UTC XXX followers, XXX engagements
"๐งต Heres my long-term investment portfolio: $CSU $TPL $RMS $RACE $NVR $MKL $KNSL $DNP $DNP.WA $HEI $HEI.A $KKR $INTU $APO $PLUS $ENX $FICO $STRL $ODFL $BRK.A $BRK.B Tencent $CPRT $ADDT $INDT $LAGR $SGN $ABS $PNP $PNP.TO $NORBT Details below ๐" @TLM_Capital on X 2025-06-26 10:39:42 UTC XXX followers, 1496 engagements
"๐ What kind of businesses Vertical software ( $CSU $ADDT $INDT) Infrastructure & logistics ( $STRL $ODFL $TPL) Global luxury ( $RMS $RACE) Private equity / capital allocators ( $KKR $APO $MKL) Scalable tech with network effects ( $INTU $FICO Tencent)" @TLM_Capital on X 2025-06-26 10:39:44 UTC XXX followers, XXX engagements
"People said the same about Berkshire $BRK.B years ago and it always proved a good buy. I have no doubt that in XX years the intrinsic value of Constellation $CSU $CSU.TO will keep growing at solid rates and the stock price will follow" @TLM_Capital on X 2025-07-10 14:24:34 UTC XXX followers, 2107 engagements
"๐ง My strategy blends: Long-term ownership mindset Opportunistic reinvestment during drawdowns Focus on quality + high return on capital Risk control via rising stop losses Valuation filter: FCF yield vs. 10Y Treasury" @TLM_Capital on X 2025-06-26 10:39:43 UTC XXX followers, XXX engagements
"Yes. Waste Connections $WCN $WCN.TO is in my investment universe and I recommend holding any company on that list if your plan is to invest for the long term" @TLM_Capital on X 2025-07-04 15:03:26 UTC XXX followers, XXX engagements
"What do you think about HEICO Corporation $HEI Personally I see it as one of the most quietly outstanding compounders out thereniche aerospace high margins strong insider ownership and a decentralized M&A strategy thats worked for decades. A true quality compounder" @TLM_Capital on X 2025-07-01 08:45:45 UTC XXX followers, 1210 engagements
"We tend to overcomplicate investing. Learning from Greenblatt you realize that equally diversifying across XX good businesses is a solid approach. A strong 2025 portfolio could look like: $SDI $6028 $DNP $ODFL $TIH $MFT $INDT $6532 $INTU $GTT $AOF $CHD $NEM $ABS $RMS" @TLM_Capital on X 2025-06-27 06:27:42 UTC XXX followers, XXX engagements
"You nailed it with the shareholder base How a company acts attracts certain investors and to win long term you need the right ones Dear Shareholder and Quality Shareholders highlight this well $LOTB.BR and $CSU are a great example: long-term focus strong reinvestment no noise" @TLM_Capital on X 2025-06-28 12:28:33 UTC XXX followers, XXX engagements
"Mark Leonard is all you need to put in the investment thesis for Constellation Software $CSU the culture hes built is beyond words. Others can read his letters but replicating what hes created is nearly impossible. Execution is the true moat" @TLM_Capital on X 2025-06-26 18:29:30 UTC XXX followers, XXX engagements
"Ill tell you the same as everyone else: stop focusing on ratios and start analyzing companies business models and management teams. I wouldnt care if I bought something at PE XXX XXX or 1000. $CSU $CSU.TO is already at PE XXX yet P/FCF is XX. Those ratios mean nothing" @TLM_Capital on X 2025-07-06 02:08:03 UTC XXX followers, XXX engagements
"I dont think buying Pinetree $PNP $PNP.TO at these prices is a bad idea Everyone says it trades at too big a premium over NAV. But what really stands out here is the management. Doesnt it sound like Berkshire $BRK.B and Warren Buffett Now take a look at the PB ratio of both" @TLM_Capital on X 2025-07-04 15:00:05 UTC XXX followers, XXX engagements
"Berkshire $BRK.B trades at a P/FCF of XXXXX and Constellation $CSU $CSU.TO at XX. Valuation ratios are meaningless. And yet over the next X years both will outperform the S&P500. I cant tell you what happens in a year thats not my game" @TLM_Capital on X 2025-07-10 16:01:30 UTC XXX followers, XXX engagements
"Patience. Let the experts do their job. The management team has an excellent track record. One or a few bad quarters dont mean the business is in decline. Anyone who sold $CSU $CSU.TO and stopped trusting Mark Leonard when things got tough must be regretting it. Its the same" @TLM_Capital on X 2025-07-16 14:50:37 UTC XXX followers, 1086 engagements
"Look at margins ROIC and key metrics. Not saying $SAIA is a bad stock (I just wouldn't own it) but I prefer the best in the industry: $ODFL. Its rivals spend heavily to gain share but $ODFL wins every time thanks to unbeatable capital allocation" @TLM_Capital on X 2025-07-10 14:40:54 UTC XXX followers, XXX engagements
"I also hold niche under-the-radar plays: ๐ฏ $DNP $SGN $ABS $PNP $NORBT They dominate small verticals too trivial for copycats which gives them pricing power and durability" @TLM_Capital on X 2025-06-26 10:39:45 UTC XXX followers, XXX engagements
"$ADDT and $LAGR are probably the two serial acquirers from Sweden that interest me the most. Theres a lot to learn from both" @TLM_Capital on X 2025-07-16 14:52:47 UTC XXX followers, XXX engagements
"Anyone who knows what theyre doing has Constellation Software $CSU $CSU.TO and Mark Leonard working for them" @TLM_Capital on X 2025-07-04 14:51:08 UTC XXX followers, 1041 engagements
"And the perfect example is Constellation Software $CSU $CSU.TO. PE ratio of XX. Wouldnt you buy it Youd be crazy not to" @TLM_Capital on X 2025-07-05 13:39:56 UTC XXX followers, 1237 engagements
/creator/twitter::1105091678648651777/posts