Proven stock-picking outperformance
AIR’s Top 10 Best Ideas strategies continue to demonstrate exceptional consistency and alpha generation. Since inception in 2012, their European Large Cap Top 10 has delivered +526% performance vs. +142% for the STOXX Europe 600, with AIR beating the benchmark 85% of the time over 14 years. In 2025, their Large Cap portfolio gained +31%, outperforming the index by +14.4%, driven by standout performers Heidelberg Materials (+87%) and BAE Systems (+49%), with Vonovia the only negative contributor. AIR’s Mid Cap Top 10 was equally compelling, returning +36.9%, beating the STOXX Europe Mid 200 by +20.5%, with key contributions from Saab (+130%), Hensoldt (+113%) and ACS (+75%).
Edition: 227
- 09 January, 2026
Residential Sector: Trouble brewing or storm in a teacup?
Real Estate
The sector’s cash flow stability is highly regarded by investors. However, listed companies have stretched their balance sheets as interest rates have fallen. TAG Immobilien, a ~€6bn German landlord, is the first victim of changing macro paradigm. A €200m equity rights issue (~20% share count expansion) is >10% dilutive to spot NAV. Other companies on Green Street’s watch list include Vonovia and Nordic PropCos. Tough decisions lie ahead. Cost of capital signal warrants disposing assets, paying down debt and taking other cash preservation measures otherwise equity raises could be required.
Edition: 140
- 22 July, 2022
Europe Weekly Technical Strategy
The Euro Stoxx 600 encounters medium term resistance at 440/450 with Stockcube anticipating a period of range trading - their Model Portfolio currently has 40 longs (avg. gain 9.3%) and 23 shorts (avg. gain 4%). Within sectors, they highlight Healthcare making new short term highs; Media testing short term resistance while breaking relative range resistance; Energy reasserting uptrends; Industrial reasserting short term downtrends and Technology reasserting downtrends. They recently opened a long in Air Liquide (makes new highs) and shorts in Saint Gobain (reasserts tops), Deutsche Bank (reasserts short term downtrends) and Vonovia (makes new lows).
Edition: 133
- 14 April, 2022
Deutsche Wohnen (DWNI GR) Germany
Real Estate
When it comes to breaking M&A news Betaville Intelligence prove to be ahead of the competition once again - on 18th May they revealed that DWNI was in focus amid talk it could soon be involved in a major corporate transaction with rival Vonovia. Six days later Bloomberg followed up with its own version of the story and the following morning the two companies officially confirmed the merger. The news led to a 16% gain in DWNI’s share price. Other takeover deals recently identified by Betaville Intelligence include Elementis (+25% gain), Telit Communications (+59%) and Signature Aviation (+35%).
Edition: 112
- 11 June, 2021