โ๏ธ ๐๐จ๐จ๐๐๐ฒ๐ ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ โ ๐ ๐๐๐๐ซ๐ฌ, +๐๐๐% ๐๐๐ญ๐ฎ๐ซ๐ง
Today, weโre closing our entire position in $FRA.DE (Fraport AG Frankfurt Airport S) after holding it for more than five years.
Our entry came during one of the most uncertain times in recent history โ the COVID-19 collapse, when global air travel came to a complete stop. The thesis was simple, yet contrarian: people will travel again, airports will recover, and Fraport will eventually thrive once more.
Fast forward to today โ the recovery has played out exactly as planned. Passenger volumes are back, profits have normalized, and the valuation has reached our internal targets.
๐ฐ Total return: +115%
By holding the position for over 5 years, we also benefit from a reduced capital gains tax in Slovenia (from 25% โ 20%). While not the main reason for the sale, itโs a great reminder that long-term investing often pays off in more ways than one.
Fraport was one of those holdings that tested patience but rewarded conviction. With the thesis fully realized, weโre now shifting our focus toward other areas and also preserving some capital for future investments.
If you like our long-term, thesis-driven strategy, feel free to follow or copy our portfolio. We're up +32% YTD | +85% in 2 years.
Best regards,
Nejc.... Show More
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Cookie List
label
ConsentLeg.Interest
label
label
label
Wed Nov 19 2025 10:02:03 GMT+0000 (Coordinated Universal Time)
