Asset Value Investors Ltd — 13F Filing Insights

Asset Value Investors Ltd's disclosed holdings carry a Herfindahl concentration index of 0.984 — mathematically equivalent to about 1 equally-sized positions, well below its 2 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 1.39), with a handful of outsized bets alongside many smaller positions.

Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 82.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.