[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 👇🏽 $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 "📚 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 ✔ Constellation Software $CSU $CSU.TO ✔ Texas Pacific Land $TPL Just added ➕ Lagercrantz $LAGR ➕ 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 👇🏽"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1942949784979173852) 2025-07-09 14:11:41 UTC XXX followers, XXX engagements "🧵 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 👇"  [@TLM_Capital](/creator/x/TLM_Capital) on [X](/post/tweet/1938185393884529011) 2025-06-26 10:39:42 UTC XXX followers, 1496 engagements "🔎 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 "🧠 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: 🎯 $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 👇🏽 $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
"📚 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 ✔ Constellation Software $CSU $CSU.TO ✔ Texas Pacific Land $TPL Just added ➕ Lagercrantz $LAGR ➕ 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 👇🏽" @TLM_Capital on X 2025-07-09 14:11:41 UTC XXX followers, XXX engagements
"🧵 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 👇" @TLM_Capital on X 2025-06-26 10:39:42 UTC XXX followers, 1496 engagements
"🔎 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
"🧠 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: 🎯 $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