Holdings Report - June 2025 KBCS Holdings Universe Return -0.4% During June 2025

1M Performance - Absolute Total Return:
During Jun'25 (1M period), the KBCS Holdings Universe posted a total return of -0.4% which was mainly driven by the performance of the single-asset holdings (-5.0%), while the multi-asset holdings posted a return of +1.7%. The 3 top performers during the period were Sofina (+9,9%), Financière de Tubize (+5.6%) and Whitestone Group (+5.5%) while the 3 worst performers were Heineken Holding (-7.8%), KBC Ancora (-5.1%) and Ackermans & Van Haaren (-3.1%).

YTD Performance - Relative Total Return:
On a YTD basis (as of end-Jun'25), the KBCS Holdings Universe posted a total return of +8.2% mainly driven by multi-asset holdings (+8.8%), while single-asset holdings returned +6.7%. When comparing to relevant indices, the KBCS Holdings Universe outperformed the BEL20 and the S&P500 by +0.3%, and +2.0% respectively, equalled performance with the MSCI World, but underperformed the Stoxx50 and N100 and by -2.9% and -2.5% respectively. The best performers compared to the BEL20 were Sofina (21.6%), KBC Ancora (+12.5%) and Ackermans & Van Haaren (+7.4%), while the worst performers compared to the BEL20 were Solvac (-17.7%), Financière de Tubize (-13.8%) and Exor (-10.6%).

1M Discount:
During Jun'25 (1M period), the KBCS Holdings Universe's discount contracted by 0.5% and currently stands at 29.8%. The discount of multi-asset holdings contracted by 2.2% and currently stands at 31.6% while the discount of single-asset holdings widened by 3.0% and currently is at 25.6%. During Jun'25 (1M period), the discount contracted the most for Sofina (-8.5%), D'Ieteren (-5.4%) and Whitestone Group (-4.5%) while it widened the most for KBC Ancora (+6.9%), GIMV (+5.8%, b/c of dividend) and Ackermans & Van Haaren (+2.5%).