Metropolis Capital LTD
Metropolis Capital Limited is an independent UK-based investment management firm specializing in high conviction, unconstrained, long-only global equity strategies. Founded by Simon Denison-Smith and Jonathan Mills, who bring decades of entrepreneurial and investment experience, the firm manages approximately $5 billion in assets for institutional and individual investors, offering access through pooled vehicles and segregated mandates. The firm maintains a small team with deep business and strategy expertise.
Investment Strategy
Metropolis Capital uses a long-only, value-based global equity investment approach focused on developed markets. Their strategy is highly concentrated (15-25 holdings) and unconstrained by company size or geography, drawing on value investing principles—identifying undervalued businesses with strong franchises and high-quality management. The managers adopt a private equity approach to public markets with rigorous due diligence, favoring founder-led companies with a substantial 'moat.' Investments are held typically for 5+ years, and portfolio turnover is low. Their philosophy ignores short-term volatility, aiming for long-term appreciation and dividend returns.
Top Holdings
Equity Positions (16)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S STT | STATE STR CORP | 14.40% | $457.9M | 3,947,139 | $69.16 | $116.01 | +$33.4M |
M MSFT | MICROSOFT CORP | 10.28% | $326.8M | 630,855 | $384.30 | $517.95 | -$66.4M |
H HCA | HCA HEALTHCARE INC | 9.06% | $288.0M | 675,750 | $368.77 | $426.20 | +$57.0M |
R RYAAY | RYANAIR HOLDINGS PLC | 8.87% | $281.9M | 4,681,834 | $47.64 | $60.22 | +$5.7M |
T TXN | TEXAS INSTRS INC | 8.84% | $281.0M | 1,529,537 | $172.54 | $183.73 | -$1.2M |