Work has been busy, so posting here has unfortunately fallen by the wayside. To start off, below is Prote’s stock portfolio as of December 31, 2025, extracted from the annual report.
YTD returns aren’t exactly impressive, which was reflected in Q1, but if one looks for a silver lining, the last month has already been in the black. It is also noteworthy that the Nordic banks, which were in the portfolio for years, have been offloaded. Huhtamäki, Siili, and Sitowise have entered the portfolio. Verkkokauppa is out, and Zalando has come in “to replace” it.
