Alaamry Global Capital Publishes 2025 Shareholder Letter on How Long-Term Investors Can Think About Global Markets — Through a Fundamentals-First, Contrarian Lens
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9:44 AM on Friday, February 20
The Associated Press
RIYADH, Saudi Arabia, February 20, 2026 (EZ Newswire) -- Alaamry Global Capital today published its 2025 Annual Shareholder Letter, detailing portfolio results, positioning decisions, and the firm’s owner-oriented investment framework.
In the letter, Founder and Portfolio Manager Khalid Saud Alaamry notes that 2025 unfolded amid persistent geopolitical and macro uncertainty, yet global equities produced strong gains — reinforcing the view that “markets often advance not in the absence of risk, but in spite of it.”
For the year, AGV Capital reported a 26.3% gross return (time-weighted), outperforming the S&P 500 (17.9%) and MSCI ACWI (22.9%). The letter attributes result to fundamental business performance rather than valuation expansion, emphasizing a focus on “buying high-quality companies at great valuations” and avoiding crowded, momentum-driven trades.
A central theme is the firm’s contrarian overweight to China. After allocating roughly the mid-80% range of the portfolio to Chinese equities in 2024, the letter highlights that MSCI China returned 31.4% in 2025 — its strongest year in nearly a decade — while the firm argues U.S. benchmarks became increasingly concentrated around the “Magnificent Seven.” The letter also compares a basket of major Chinese technology leaders (including Alibaba, BYD, Tencent, Baidu, PDD, and JD.com) returning roughly 30% versus about 22% for the Magnificent Seven group.
Looking through what the letter calls a “holding company” lens, AGV aggregates underlying portfolio fundamentals and reports approximately 30.1% revenue growth and 31.0% earnings growth (USD terms) in 2025. It also reports portfolio valuation levels that remain materially below major indices, alongside improved quality metrics such as ROE rising to 22.3% and ROCE to 20.2%.
The letter further describes modestly reduced China exposure (to 76.9%) and expanded geographic diversification with new positions in Denmark and Brazil, while estimating a total shareholder yield of about 4.8% from dividends and buybacks.
Alaamry Global Capital is a mutual fund dedicated to identifying global securities with strong fundamentals and attractive valuations. The firm caters primarily to the investment community, offering unique insights into investment strategies, portfolio management, and value investing. Its focus is on global equities, where it seeks out opportunities in high-quality companies that offer long-term value. By emphasizing strong fundamentals and sound valuations, the firm is committed to investing with a long-term perspective and building resilient, growth-oriented portfolios. For more information, visit alaamira.com.Disclaimer
Nothing in this letter should be construed as investment advice. Readers should conduct their own due diligence before making any investment decisions. View the full 2025 Annual Shareholder Letter.Media Contact
Khalid Alaamry
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SOURCE: Alaamry Global Capital
https://app.eznewswire.com/news/alaamry-global-capital-2025-shareholder-letter
