An investment fund seeking to identify and invest in undervalued public equities globally.
Approach
The approach can be summarized as concentrated stock picking.
Investment Universe
The objective is to find and invest in undervalued companies where the risk/reward proposition is skewed in our favor; small downside and good upside. I believe such opportunities can arise in all pockets of the stock market, so the fund searches freely for compelling cases globally. Heuristics like company size, industry, or geography are therefore not used to definitively narrow down the investment universe.
The goal is to generate attractive long-term returns, not to make the portfolio look a certain way.
Approach
The fund has a fundamental approach to investing. An investment decision therefore ultimately depends on how much free cash flow a given company is expected to generate, the value or detractors to value sitting on the balance sheet at the time of our investment, and how those free cash flows and balance sheet values are likely to be allocated by the company. These factors compared to the purchase price offered.
Concentration
The fund is concentrated, usually holding 5-10 stocks. I believe the fund's best investment ideas should be allowed meaningful portfolio weight, and that risk mainly comes from not understanding what you own as opposed to owning a few different things you understand well.
The fund does not use leverage, engage in shorting, or purchase derivatives. It buys stocks, and nothing else.
Time Horizon
The minimum recommended time horizon for investors in the fund is
3-5 years. Investment decisions are made with that longer-term view in mind, and it is therefore over this timeframe that I would want the fund's results to be judged.
The fund sends out a quarterly letter. These letters are intended to give investors a good understanding of the fund's investment approach - for example by walking through the rationale behind a specific investment decision. To access these letters, see the top of this website.
Storm Bruun Capital ApS is registered with the Danish Financial Supervisory Authority (Finanstilsynet) as an alternative investment fund (FT-id: 15285). The fund was registered in April 2026.
The fund is managed by Storm Bruun Management ApS, which is registered as a manager of alternative investment funds. Storm Bruun Management ApS is fully owned by August Storm Bruun who is therefore ultimately responsible for the fund.
The fund is intended only for professional and semi-professional investors based in Denmark, whereby the minimum investment requirement in the fund is DKK 750,000.
August is invested in the fund with 100% of his investable net worth. His compensation from managing the fund is entirely based on the fund's performance. He earns no management fees.
The Fund
August
I got introduced to investing in elementary school and have spent the majority of my time on it since. I decided in 9th grade that I wanted to launch my own investment fund some day.
During high school, I began publishing my investment write-ups on companies online to discuss them with others. I also worked on my research at a danish investment fund. Towards the end of high school, I got a job at another investment fund where I worked for the first part of university.
During university, I launched this fund. Through it, the goal is to build an investment track record over the next many years that I will be proud of. Both the results and how they are achieved.
Besides managing the fund, I am also in university. Substantially more of my time is dedicated to working on and thinking about investments. That is what I am passionate about.
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