The Hartmutson Portfolio

HARTMUTSON

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Hi there!

Hartmutson is a value-oriented investment portfolio that follows a research-intensive, concentrated strategy buying into market-leading businesses with durable competitive advantages, and outstanding managers with skin in the game. The portfolio is run by Etoro Popular Investor Attila Gelfert.

If you want to be financially free and are prepared to think and act for the long term, then you've hit the right spot. Visit our portfolio on the Etoro platform, join other co-investors and put your capital to work.

High Quality. Concentration. Competence.

We believe the best indication of a high-quality, growing company is one that has a long-runway to invest capital internally at attractive rates of return. The strategy aims to purchase such businesses at attractive valuations around our key tenets: Buy high-quality businesses at rational prices for the long-term. Focus on underlying economic values, not stock prices. Stay within our circle of competence. Keep things simple with rationality and common sense. Concentrate capital in only the best ideas.

Performance, long-term by nature

We are long-biased and mainly concentrate the portfolios capital in 10-15 core positions. We aim to benefit from favorable opportunities that investors with a short-term horizon or institutional pressure cannot take advantage of and generate significant long-term capital appreciation.

We are driven to significantly outperform the S&P500 incl. dividends² on a compounded annual growth return.

Return

60.2%

2023

AUC

103,322

in USD

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Publications

One of the best ways to learn about our philosophy, is to read our publications. Through these posts and letters, we hope our co-investors have a better sense of what we believe in, how we think and evaluate potential investments at Hartmutson.

One of our greatest advantages is having like-minded co-investors and partners, who understand our differentiated investment process. As such, we owe our partners clear and open communication in how we're putting your hard-earned assets to work.

2023