Hidden champion stock taken private:

My real buys at mid month.

Emerging Value

Apr 16, 2026

∙ Paid

Hello fellow investors.

Food company Poulaillon (44m market cap) is taken private by the controlling family.

Another win for Emerging Value, although I would have liked to see it go higher.

This had been my top idea in hidden champions for over a year, with sometimes another Idea competing for the top spot.

I had been adding to Poulaillon heavily in 2025 and early 2026, so I got out with a large profit and some tax to pay.

This helps me to be at 3.9% YTD in Euros despite taking large provisions for capital gains after January reshuffling.

Many European nano caps are way too cheap and for this reason are being taken private by majority owners.

5.5% of my portfolio was reallocated two days ago.

I took the opportunity to add to Tech exposure in emerging markets, Defense in Europe, AI in China, Latin American renaissance, and a little bit of European hidden champions.

More importantly, this sets me for excellent performance in the next decade, just by having the right assets, the cheap valuations and the right geographies.

I really pushed the portfolio further towards tech and EMs, to benefit from the Asian Century, like my fellow writer and Friend Michael at Asian Century Stocks calls it.

I really believe in the Asian and especially Chinese century, and in the rest of Emerging markets.

The portfolio is now 55% composed of emerging markets and 28% of technology.

Cheaper valuations + faster growth = higher gains.

With this, we will keep performing well and should keep outperforming.

As I mentioned in my last update, I added to Kontron in Austria.

1 - Kontron AG, increased from 2.3% to 4% of my portfolio.

Internet of things company Kontron is on my todo list to add, so I added to this company heavily. It’s simple. If you want AI things to control things remotely and not get hacked and also cooperate with each other, you want IOT computers and protocols and systems the Kontron does. The market has no size limit. Think operating systems for drones and robots. But the valuation is also very cheap and insiders are buying a lot.

I believe that for this kind of systems, we are here in the early adopters phase of the markets, we could even be in the innovators phase if we talk about robots and drones.