Deutsche Telekom AG Takes Center Stage

Invesco EQV European Equity Fund (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. The Invesco European Growth Fund, a mutual fund under Invesco Ltd., was established on November 3, 1997. It aims to capitalize on high-growth opportunities within developed and emerging European markets. The fund’s strategy involves investing in a diversified portfolio of reasonably priced, quality companies across Europe, with a focus on strong fundamentals and sustainable earnings growth.

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Invesco EQV European Equity Fund (Trades, Portfolio) added a total of three stocks, with the most significant addition being Deutsche Telekom AG (XTER:DTE). The fund acquired 162,848 shares, which account for 1.09% of the portfolio, with a total value of 4.92 million. The second largest addition was Amplifon SpA (MIL:AMP), consisting of 133,713 shares, representing approximately 0.83% of the portfolio, with a total value of 3.74 million. The third largest addition was SGS AG (XSWX:SGSN), with 33,078 shares, accounting for 0.78% of the portfolio and a total value of CHF3.50 million.

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Invesco EQV European Equity Fund (Trades, Portfolio) also increased its stakes in a total of seven stocks. The most notable increase was in CTS Eventim AG & Co. KGaA (XTER:EVD), with an additional 27,609 shares, bringing the total to 42,667 shares. This adjustment represents a significant 183.35% increase in share count, impacting the portfolio by 0.65%, with a total value of 4.48 million. The second largest increase was in Edenred SE (XPAR:EDEN), with an additional 23,932 shares, bringing the total to 130,594. This adjustment represents a 22.44% increase in share count, with a total value of 4.22 million.

Invesco EQV European Equity Fund (Trades, Portfolio) completely exited two holdings in the fourth quarter of 2024. The fund sold all 2,714,350 shares of Hays PLC (LSE:HAS), resulting in a -0.69% impact on the portfolio. Additionally, it liquidated all 56,160 shares of Reckitt Benckiser Group PLC (LSE:RKT), causing a -0.63% impact on the portfolio.

Invesco EQV European Equity Fund (Trades, Portfolio) also reduced its position in 17 stocks. The most significant changes include a reduction in Svenska Handelsbanken AB (OSTO:SHB A) by 315,489 shares, resulting in a -41.18% decrease in shares and a -0.67% impact on the portfolio. The stock traded at an average price of kr104.54 during the quarter and has returned 7.09% over the past three months and 9.38% year-to-date. Additionally, the fund reduced its position in Compagnie Financiere Richemont SA (XSWX:CFR) by 18,220 shares, resulting in a -31.42% reduction in shares and a -0.58% impact on the portfolio. The stock traded at an average price of CHF127.81 during the quarter and has returned 14.61% over the past three months and 20.39% year-to-date.

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At the end of the fourth quarter of 2024, Invesco EQV European Equity Fund (Trades, Portfolio)’s portfolio included 57 stocks. The top holdings were 3.97% in Novo Nordisk AS (OCSE:NOVO B), 3.63% in Investor AB (OSTO:INVE B), 3.43% in RELX PLC (LSE:REL), 2.98% in Deutsche Boerse AG (XTER:DB1), and 2.79% in IG Group Holdings PLC (LSE:IGG).

The holdings are mainly concentrated in 10 of the 11 industries: Industrials, Healthcare, Financial Services, Communication Services, Consumer Cyclical, Energy, Basic Materials, Consumer Defensive, Technology, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

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