Hello my dears, @Klein-Anleger1

after the great performance in the previous months

August was unfortunately not so successful.

But September is going well again so far. And so I am YTD with + 5.04 % better than the

NASDAQ 100 + 0.16% World+ 1.14 %.

Reasons for the underperformance in August are earnings at my large position GFT and negative news at Defi Technologie.

The tariffs weighed on Embraer, and the correction in defense weighed on Kitron and AeroVironment.

Vertex's earnings were also the fly in the ointment.

Negative position: (month of August)

Defi Technology - 25.61%. $DEFI (+4,89 %)

Innodata - 23.64%. $INOD (+5,14 %)

Tokyo Electron - 20.95%. $8035 (+7,27 %)

Vertex. - 16,38% $VRTX (+0,2 %)

Aixtron. -15,53%. $AIXA (+8,61 %)

Transdigm. -15,13%. $TDG (+1,16 %)

Vertiv. -14,72%. $VRT (+4,11 %)

Coinbase. -13,01%. $COIN (+7,41 %)

AeroVironment. -11,91%. $AVAV (+4,13 %)

Kitron. -7,79%. $KIT (+1,01 %)

Microsoft. -7,64%. $MSFT (+0,18 %)

Embraer. -4,75%. $ERJ (+1,67 %)

Nvidia. -4,33%. $NVDA (+3,61 %)

GFT Technology -3.67%. $GFT (+4,42 %)

With so many negative positions, I am glad that I got off lightly due to my positive positions.

Plus positions: (month of August)

Gilat Satellite. +22,14%. $GILT (+2,65 %)

Applovin. +18,69%. $APP (+2,55 %)

NU Holdings +17.88%. $NU (+0,37 %)

SoFi. +12,24%. $SOFI (+3,81 %)

Alphabet. +8,95%. $GOOGL (+1,27 %)

Fortescue. +8,90%. $FSUGY (+0 %)

$TDG (+1,16 %)

even if the share has not moved much so far.

I remain convinced of the sector in the long term.

And the dividend is a real pleasure for such a growth stock.

Hello my dears,

there was no scandal in the meeting just now.

🍊 praised the superiority of the US defense industry, especially the Patriot system. It is an important air defense system and is used by various countries, including the Bundeswehr.

Dear ones, are you invested in US defense companies, or where do you see potential?

I myself am invested in $AVAV (+4,13 %) and $TDG (+1,16 %) invested.

I find the following interesting $LHX (+0,61 %)

The claim that the US has the best defense industry is widespread and is supported by various factors. The US is not only the largest arms exporter in the world, but also the largest arms manufacturer and buyer. The US defense industry is known for its technological superiority, large production capacity and global reach.

Size and scope:

The US has a huge and diversified defense industry with numerous large corporations producing both weapons, ammunition and complex weapons systems.

Technological superiority:

US companies are often leaders in the development and manufacture of advanced technologies for military applications, such as stealth technology, drones and cyber weapons.

High military spending:

The US's huge military spending allows for continuous research and development of new weapons systems and massive production of existing systems.

Global market leadership:

The US is the largest arms exporter in the world and supplies a large number of countries with its products.

Leading defense contractors:

US companies such as Lockheed Martin, Boeing and Raytheon are among the largest and most influential defense contractors in the world.

One of my favorite investment firms to follow is Triple Frond Partners.

• high concentration with only 10 positions
• all positions with high quality
• long-term oriented
• only a few transactions per year

In the last quarter they...

Added

• Meta $META
• CCC Intelligent Solutions $CCCS (-0,61 %)

Reduced

• TransDigm $TDG (+1,16 %)

What do you think of these moves?

$TDG (+1,16 %)

My dears, it's happening again.

Good figures, but below estimates.

And it's going down.

TransDigm Group Incorporated ( TDG ) reported third-quarter earnings that were up from the year-ago period but missed Wall Street estimates.

The company's profit amounted to 492 million US dollars, or 8.47 US dollars per share. In the previous year, the figure was USD 461 million or USD 7.96 per share.

Excluding special items, TransDigm Group Incorporated reported adjusted earnings of USD 558 million, or USD 9.60 per share, for the period.

On average, analysts had expected earnings of USD 9.90 per share. The analysts' estimates generally do not include any special effects.

The company's turnover rose by 9.3% to USD 2.237 billion in this period compared to USD 2.046 billion in the previous year.

Profits of TransDigm Group Incorporated at a glance (GAAP):

- Net income: $492 million compared to $461 million in the prior year.

- Earnings per share: USD 8.47 compared to USD 7.96 in the previous year.

- Sales: USD 2.237 billion compared to USD 2.046 billion in the previous year.

- Forecast :

EPS forecast for the full year: USD 36.33 - 37.15.

Sales forecast for the full year: USD 8,760 - 8,820 million.

https://www.rttnews.com/3562000/transdigm-group-incorporated-q3-profit-increases-but-misses-estimates.aspx

Air India orders 100 Airbus aircraft

My dears, it must be going on in the airplane sector.

Hope my investment in $MTX (+1,52 %) . $TDG (+1,16 %) and $ERJ (+1,67 %) continue to profit from it.

https://www.aero.de/news-49947/Air-India-bahnt-neue-Grossbestellung-an.html

$DHR (+0,96 %)
$AJG (+1,57 %)
$FICO (-1,37 %)
$TPL
$TYL (-1,04 %)
$CSU (+0,67 %)
$PH (+2,62 %)
$ROP (+0,14 %)
$HEI (+1,75 %)
$TDG (+1,16 %) have now published all their earnings, so a little update. Some could be summarized better than others, I hope the formatting is still bearable.

The Wikifolio https://www.wikifolio.com/de/de/w/wf000natxc has so far reached the necessary capital reservations and the general reservations are already 7/10. If one of you is one of them, I would like to thank you very much for the trust you have placed in me.

The next major update will probably come at the end of the next earnings season.

Danaher Q1 2025

• Sales: $5.74 billion -1%
• GAAP net income: $1.0 billion
• Operating Profit Margin: 29.6% -50bps
• GAAP EPS: $1,32 -2,1%
• Segment sales: Biotechnology: +7%, Life Sciences: -4%, Diagnostics: -1.5%

Only the year-end report will probably be really interesting

Constellation Software Q1 2025

• Turnover: USD 2.65 bn, +13 %
• Earnings per share: USD 5.44 (previous year: USD 4.95) - Net profit: USD 115 million
• Free cash flow (FCFA2S): USD 510 million, +14 %
• Operating cash flow: USD 827 million, +12%
• Acquisitions: USD 94 million invested, plus USD 39 million in outstanding payments
• Strategic investment: 9.99 % in Asseco Poland acquired for USD 174 million
• Outlook: Continued moderate, profitable growth expected

TransDigm Q2 2025

• Turnover: USD 2.15 billion, +12% year-on-year
• Net profit: USD 479 million, +19%
• Adjusted earnings per share (EPS): USD 9.11, +14 %
• EBITDA (adjusted): USD 1.16 billion, +14%, margin: 54.0%
• Operating cash flow: USD 900 million, +4 %
• Share buy-backs: USD 184 million in the quarter

HEICO Q1 2025

• Net sales: USD 1.03 billion, +15% year-on-year
• Net result: USD 168 million, +46% - Earnings per share: USD 1.20
• Operating result: USD 226.8 million, +26% - operating margin: 22.0
• EBITDA: USD 273.9 million, +22 %
• Flight Support Group (FSG): Sales: USD 713.2 million +15 %, operating result: USD 166.1 million +22 %
• Electronic Technologies Group (ETG): Sales: USD 330.3 million +16 %, operating result: USD 76.5 million +38 %
• Three acquisitions completed, including 90% of Millennium International (avionics repairs)
• Exclusive license and assets acquired from Honeywell for Boeing 777 and 737NG product lines

Parker-Hannifin Q3 2025

• Sales: USD 5.0 billion, organic growth of 1% year-on-year
• Net profit: USD 961 million, +32%
• Adjusted net profit: USD 904 million, +6%
• Earnings per share (EPS): USD 7.37, +33 %
• Adjusted EPS: USD 6.94, +7%
• Segment operating margin: 23.2 %, +170 basis points
• Adjusted segment operating margin: 26.3%, +160 basis points
• Operating cash flow (YTD): USD 2.3 billion, +8%
• Share buybacks: USD 650 million in the quarter

FICO Q2 2025

• Revenue: $498.7m. +15 % compared to previous year
• GAAP net result: $162.6m +25%
• GAAP EPS: $6,59 +27%
• Operating cash flow: $74.9m +5.5%
• Free cash flow (non-GAAP): $65.5m +6.3%
• Scores segment (B2B + B2C): Revenue: $297.0m +25%
• Software segment: Sales: $201.7m +2%

Arthur J. Gallagher Q1 2025

• Turnover (before reimbursements)3.68 billion USD +14.6 %
• Net income (GAAP)708.9 million USD +5.7 %
• Adjusted net resultUSD 1.08 billion +28.7 %
• Brokerage segmentSales: USD 3.31 billion +17.5%, net result: USD 816.1 million +25%
• Risk Management segmentSales: USD 373.4 million +5.8%, net result: USD 41.1 million +4.6%
• Corporate segmentUSD -148.3 million
• Acquisitions11 acquisitions in Q1 2025 with estimated annual sales of around USD 100 million.

Tyler Technologies Q1 2025

• Revenue: $565.2 million +10%
• GAAP operating profit: $89.2m +33,1 %
• GAAP net income: $81.1m +49,6 %
• GAAP EPS: $1,84 → +49,6 %
• Free cash flow: $48.3m -15,6 %
• Subscription revenue: $375.0m +19,7 %
• SaaS revenue: $180.1m +21 %
• Annual Recurring Revenue (ARR): $1.5 bn +20 %
• SaaS share of new software contract value: 96 %

Roper Technologies Q1 2025

• Revenue: $1.88 billion +12 %
• Adjusted EBITDA: $521 million +12 %
• Adjusted earnings per share: $4.74 USD +11%
• Software & Information Services: +14 %
• Industry & Medical Technology: +10 %
• Share of recurring revenue: >70%
• CentralReach acquisition

Texas Pacific Land Q1 2025

• Revenue: $196.0m +12%
• Net profit: $120.7m +5%
• Earnings per share: $5,24 +5,5%
• EBITDA: $169.4m +11%
• Free cash flow: $126.6m +10.5%
• Oil and gas production: 31,100 barrels of oil equivalent per day - company record
• Water segment revenue: $69.4m - also a record

All companies except Danaher, which is still undergoing restructuring, delivered solid quarterly results. I was particularly impressed by $TYL (-1,04 %)
$FICO (-1,37 %)
$HEI (+1,75 %)
$PH (+2,62 %) and $TDG (+1,16 %) particularly liked. The dear @Tenbagger2024 also shared a great article on Transdigm, which you can find in the comments. $CSU (+0,67 %) and $TPL (+0,16 %) are expected to show stronger growth towards the end of Q3, which is related to the acquisition speed, especially I hope the $TPL (+0,16 %) acquires new flats.

If you are interested in a detailed earnings review on $TPL (+0,16 %) just write a comment.

Enjoy the nice weather <3