Hello dear Getquin Community,

This year's IAA Mobility in Munich showed that the automotive industry is on the verge of a turning point. With over 30 percent more exhibitors than in 2023 and numerous premieres from Audi, $BMW (+0,41%) BMW, $MBG (+0,26%) Mercedes, $VOW3 (+0,02%) VW, Opel and Chinese challengers such as BYD and $1211 (+1,5%) BYD and $9868 (-0,52%) XPeng, it became clear that electromobility has now become the standard. However, behind these new platforms and concepts lies an even bigger topic, namely autonomous driving and the robotaxis of the future.

In order to present this field in a clear and transparent way for investors, I have broken down the entire value chain into individual sectors. These include automotive and suppliers, semiconductors and technology, communication and infrastructure, software and algorithms, logistics and transportation, insurance and finance, energy and infrastructure, battery and propulsion, maps and mapping, and safety and cybersecurity. Within each sector, I have analyzed the big players, the hidden champions and the blade manufacturers and highlighted my favorites in each case with a brief explanation. @Multibagger 😎

My aim was to develop as comprehensive a picture as possible that shows where the opportunities lie in this new industry and how investors can position themselves at an early stage. Perhaps the IAA 2025 was not just a car show, but actually the starting signal for the next big investment ecosystem around robotaxis and autonomous driving. If I have overlooked any important aspects or if a categorization was not quite precise, I look forward to your comments @BamBamInvest
@Epi
😎 and exciting additions @All-in-or-nothing 😎 Together we can understand this topic even better and learn from each other. @Tenbagger2024 😎

Feel free to leave a 👍. I wish you every success with your investments 🚀

🚘 Automotive & suppliers

Big player:

$TSLA (+1,1%) Tesla - pioneer in autopilot/FSD, vertical integration, huge database

$MBG (+0,26%) Mercedes-Benz Group - EQS/EQE with Level 3 approval in Germany, strong regulatory expertise

$BMW (+0,41%) BMW - New class platform, e-models with prepared sensor technology & level 3 approaches

$VOW (+0,15%) VW Volkswagen - Cariad software unit, massive push towards ADAS/AV

$7203 (+0,86%) Toyota (Japan) - largest OEM, cooperation with Pony.ai and Denso

$GOOGL (+0,2%) Alphabet Waymo (private/Alphabet $GOOGL) - robotaxi pioneer in the USA

$9888 (+1,8%) Baidu Apollo (9888.HK) - Robotaxi & Full-Stack AV in China

$Pony.ai (private, China) - Robotaxi & partnerships with Toyota

👉 Favorite: Alphabet Waymo ($GOOGL (+0,2%))

Moat through years of data collection in real operation, deep AI integration, financially secured by Alphabet. Compounder potential, as Waymo can scale as a platform.

Hidden champions:

$APTV (-0,71%) Aptiv - supplier for ADAS, sensor fusion, E/E architectures

$MG (-0,26%) Magna International - produces complete vehicle systems including autonomous components

$ZF Friedrichshafen (private) - German giant in steering and braking systems for AVs

Veoneer (private, formerly listed) - safety software, vision, sensor technology

$SHA0 (+0,32%) Schaeffler AG (DE, Germany, Xetra) - global supplier of drive, chassis and intelligent steering systems. Important for e-mobility and redundancy solutions in autonomous driving.

👉 Favorite: Aptiv ($APTV (-0,71%)
)

High barriers to entry through system integration, broad customer base (OEM-agnostic), strong cash flow and close partner of major car manufacturers.

Blade manufacturer:

$NVDA (-0,07%) Nvidia - Drive Orin / Thor chips for OEMs, standard in the AV sector

$QCOM (-0,04%) Qualcomm - Snapdragon Ride platform for AVs

$INTC (+0,08%) Intel Mobileye - EyeQ chips, one of the market leaders in ADAS

$LAZR (+1,65%) Luminar Technologies - Lidar, partnerships with Volvo, Mercedes, SAIC

$OUST Ouster, Inc. - Lidar solutions

$INVZ Innoviz (INVZ) - Lidar sensor technology, cooperation with VW & BMW

👉 Favorite: Nvidia ($NVDA (-0,07%)
)

Dominance in high-performance AI chips, ecosystem with software (CUDA, DriveSim), network effects through partnerships with almost all OEMs. Classic compounder, enormous moat due to technology and developer lock-in.

Takeaway:

In the automotive & supplier sector, it's not just who sells the most cars, but who has mastered the best technology stack for autonomy. OEMs work closely with specialized suppliers and blade manufacturers. Investors should focus less on unit numbers and more on data basis, software expertise and partnerships. The real levers often lie with suppliers and technology enablers, not just the traditional car brands.

💻 Semiconductors & technology

Big players:

$NVDA (-0,07%) Nvidia - GPUs & AV chips (Drive Orin, Drive Thor), software ecosystem

$QCOM (-0,04%) Qualcomm - Snapdragon Ride platform, automotive pipeline >30 billion USD

$INTC (+0,08%) Intel / Mobileye - EyeQ chips, ADAS market leader

$AMD (+0,27%) AMD - GPU/CPU, entry into automotive AI compute

👉 Favorite: Nvidia ($NVDA (-0,07%)
) Unique position: Technological moat through CUDA ecosystem, enabler of almost all AV developments, quasi-monopoly in high-end compute. Classic compounder with long-term growth leverage.

Hidden champions:

$LAZR (+1,65%) Luminar Technologies - Lidar supplier, partnerships (Volvo, Mercedes, SAIC)

$INVZ Innoviz Tech. - Lidar, BMW & VW as customers

$KOTMY Koito Manufacturing - world market leader in automotive lighting, entry into lidar through Cepton integration, important role as supplier for OEMs

$AMBA (-0,03%) Ambarella (AMBA) - camera chips & vision processors for AV

$STMPA (+0,79%) STMicroelectronics (France/Italy, Euronext) - automotive microcontrollers, sensors, power electronics. European counterpart to Infineon.

$AIXA (+1,33%) Aixtron (Germany, Xetra) - supplies manufacturing equipment for SiC and GaN semiconductors, indispensable for power electronics in EV/AV.

$ELG (+0,39%) Elmos Semiconductor (Germany, Xetra) - niche player for mixed-signal semiconductors in automotive, e.g. for radar and driver assistance.

👉 Favorite: Luminar ($LAZR (+1,65%)
) Clear technical USP, strategic OEM deals in series production, high barriers to entry in lidar technology. Scalable compounder in a niche market.

Blade manufacturer:

$TSM (+1,24%) Taiwan Semiconductor - production of all relevant automotive chips

$ASML (+1%) ASML Holding - Lithography monopolist, without ASML no AI/AV chips

$EQIX (-0,16%) Equinix - data center colocation for AI training & simulations

$DLR (-0,23%) Digital Realty - cloud and data infrastructure

$AMZN (+0,16%) Amazon AWS - Cloud resources for AI training, simulation & OTA updates

👉 Favorite: ASML ($ASML (+1%)
) Monopoly on EUV lithography, no advanced chips for autonomous driving without ASML. Moat through technology and patents, classic compounder.

Takeaway:

Semiconductors & technology are the foundation of autonomous driving. While Nvidia plays the central role with computing power, lidar specialists such as Luminar ensure perception. The real shovelware winner, however, is ASML, without whose machines there would be no AV chips. Investors will find the deepest technological moats in the entire value chain here.

📡 Communication & infrastructure

Big players:

$ERIC B (-1,18%) Ericsson - 5G/6G networks, vehicle-to-everything (V2X) applications, global player

$NOK (+0,52%) Nokia - 5G/Edge solutions for automotive & smart cities

$QCOM (-0,04%) Qualcomm - Snapdragon Digital Chassis, V2X chipsets, automotive pipeline

Huawei (private, China) - strong player in 5G/AV communication, partnerships in Asia

👉 Favorite: Qualcomm ($QCOM (-0,04%)
) Wide moat through IP in mobile communications, at the same time deep automotive integration via Snapdragon Ride & Digital Chassis. Compounder, as economies of scale in chips + licenses worldwide.

Hidden champions:

$Cohda Wireless (private, Australia) - pioneer for V2X communication, software solutions for OEMs

$Autotalks (private, Israel, acquisition by Qualcomm planned) - leader in dedicated V2X chips

Commsignia (private, Hungary) - V2X middleware & roadside units

👉 Favorite: Autotalks (private, Israel)

Technology leader in dedicated V2X chips, unique IP portfolio. Strong takeover candidate (Qualcomm already active), giving moat + exit potential.

Shovel manufacturer:

$CSCO (-0,25%) Cisco Systems - network infrastructure for automotive, cloud & edge

$AMT (-1,24%) American Tower - cell towers & infrastructure, benefits from 5G expansion

$CCI (-0,26%) Crown Castle - radio tower and fiber optic infrastructure (mainly USA)

$EQIX (-0,16%) Equinix - data centers, basis for edge computing and OTA updates

$DLR (-0,23%) Digital Realty - colocation & data center capacity for simulations and AV data

👉 Favorite: Equinix ($EQIX (-0,16%)
)

Global leader in data center colocation, benefits from the edge computing trend. Strong moat due to network effects & high switching costs. Long-term compounder.

Takeaway:

Communication & infrastructure are the silent cornerstones of autonomous driving. Without low-latency networks, edge data centers and V2X communication, no AV can drive safely. While Qualcomm forms the technological bridge between chip and infrastructure, hidden champions such as Autotalks secure niche leadership. On the blade side, Equinix remains unbeatable, as every OEM & service provider needs computing power at the edge.

🤖 Software, platforms & algorithms

Big Player:

$GOOGL (+0,2%) Alphabet / Waymo - Robotaxi pioneer, full-stack AV software, years of database

$TSLA (+1,1%) Tesla - FSD, Dojo supercomputer, vertical integration incl. fleet

$9888 (+1,8%) Baidu Apollo (HK) - largest robotaxi network in China, full-stack solution

$UBER (+0,07%) Uber - AV platform in partnership (e.g. with Momenta), scaling via existing user base

👉 Favorite: Alphabet / Waymo ($GOOGL (+0,2%)
)

Unbeatable moat due to millions of real driving kilometers + simulations, strong financial base via Alphabet, focus on platform scaling (robotaxi, licensing model). Compounder with global expansion potential.

Hidden champions:

$Momenta (private, China) - L4 software for OEMs, partner of Mercedes, Toyota

$AUR Aurora Innovation - software + sensor technology for truck autonomy, partner PACCAR, Volvo

$Argo AI (private, USA) - formerly Ford/VW, now partly continued through partner projects

$Oxbotica (private, UK) - modular AV software, focus on industrial & logistics applications

👉 Favorite: Aurora Innovation ($AUR
)

Clear focus on trucking (biggest lever in the AV market), long-term OEM partnerships, strong moat due to specialization in long-haul autonomy. Still young, but strong compounder potential.

Shovel manufacturer:

$PLTR (-0,13%) Palantir - data management, simulation & AI analysis for AV training

$SNOW (+0,27%) Snowflake - Cloud data platform, relevant for AV data streams

$MSFT (+0,14%) Microsoft Azure - cloud & simulation platform for OEMs

$AMZN (+0,16%) AWS - largest provider for AI training & simulations in the AV sector

$ADBE (+0,12%) Adobe - Simulation & Digital Twin Tools (via partnerships)

👉 Favorite: Palantir ($PLTR (-0,13%)
)

Deep integration in data pipelines, modular platform for simulation & decision logic. Moat due to lock-in effects with major customers, strong compounder with AI scaling.

Takeaway:

Software and algorithms are the real key to autonomous driving. Vehicles are becoming "data centers on wheels" and only the companies with data, simulation and AI stacks can dominate the market in the long term. Waymo provides the scalable robotaxi ecosystem, Aurora scores with its trucking focus, and Palantir ensures that data streams remain manageable. This is where the biggest margins are generated, not in the sale of hardware.

🚚 Logistics & transportation

Big player:

$AUR Aurora Innovation - focus on autonomous trucks, partnerships with Volvo & PACCAR

$TuSimple (private, USA) - pioneer for autonomous trucks, strong in the USA and China, currently undergoing restructuring

$AMZN (+0,16%) Amazon / Zoox - Robotaxi & autonomous delivery services, integration into e-commerce and Prime

$FDX (-0,08%) FedEx - test programs for autonomous delivery (cooperations with Aurora, Nuro, among others)

$DHL (-0,52%) Deutsche Post DHL - pilot projects with autonomous delivery vehicles & drones

👉 Favorite: Amazon / Zoox ($AMZN (+0,16%)
)

Moat through e-commerce ecosystem, integration of AV in the last mile, strong financial power and scalability. Compounder due to synergies between logistics and technology.

Hidden champions:

$Nuro (private, USA) - autonomous delivery vehicles specifically for the last mile

$Einride (private, Sweden) - electric autonomous trucks, focus on freight & sustainability

$Gatik (private, Canada/USA) - AV for medium distances (B2B supply chains, e.g. Walmart)

$Starship Technologies (private, Estonia/USA) - autonomous delivery robots for urban logistics

👉 Favorite: Gatik (private, Canada/USA)

Clear business model: "middle-mile" logistics, profitable niche market with predictable routes. Moat through early commercial contracts (Walmart). Compounder potential through scaling in the B2B sector.

Shovel manufacturer:

$CAT (+0,07%) Caterpillar - autonomous technologies for construction machinery & mining, know-how transferable

$DE (-0,17%) Deere & Co - autonomous agricultural machinery, similar technology stacks as for trucks

$ISRG (-0,62%) Intuitive Surgical - example of high-end automation (here as a cross-reference for AV tech transfer)

$UPS (+0,43%) United Parcel Service - logistics infrastructure, partner for AV integration

$R (-0,31%) Ryder System - fleet management, leasing and AV test integration

👉 Favorite: Deere & Co ($DE (-0,17%)
)

Autonomy already in use (precision farming), moat through data & technology in the agricultural sector. Compounder quality, as know-how in navigation & autonomy is transferable to transportation/logistics.

Takeaway:

Logistics is one of the first markets where autonomous driving brings real profitability. Trucks and delivery services benefit from 24/7 operation without drivers, while the last mile (Nuro, Gatik) opens up new business models. Amazon is the most powerful player through vertical integration, while hidden champions like Gatik occupy targeted profitable niche markets. Shovel manufacturers such as Deere supply the already proven autonomy stacks.

🏦 Insurance & finance

Major players:

$ALV (-0,8%) Allianz - the world's largest insurer, involved in AV pilot projects at an early stage

$MUV2 (-0,64%) Munich Re - reinsurance, develops models for AV risk transfer

$CS (-0,3%) Axa - active in AV insurance testing & research

$BRK.B (-0,11%) Berkshire Hathaway - large presence in the US motor insurance market via Geico

👉 Favorite: Munich Re ($MUV2 (-0,64%)
)

Moat through global reinsurance strength, pioneer in new risk models for AVs. Compounder characteristics through diversification and ability to insure new markets (cyber, AV, climate) at an early stage.

Hidden champions:

$LMND (+1,26%) Lemonade - digital insurance, AI-driven, quickly adaptable for AV policies

$Root Insurance (private/USA, formerly listed) - data-driven car insurance, use of driving data

$Next Insurance (private, USA) - platform approach, simple onboarding for new risks

$Wefox (private, Germany) - digital platform for insurance brokerage, flexible for new products

👉 Favorite: Lemonade ($LMND (+1,26%)
)

Pure digital insurer with AI-driven underwriting. Moat through data and automation approach. Still small, but compounder potential as scalable platform can be used in new markets such as AV policies.

Shovel manufacturer:

$SREN (-0,67%) Swiss Re - global reinsurer, benefits from increasing AV risk volume

$VRSK Verisk Analytics - data & risk analytics for insurers, AV risk models

$GWRE (-0,51%) Guidewire Software - software solutions for insurance companies, customization for AV policies

$FICO (-0,11%) Fair Isaac - Analytics & risk modeling, increasingly relevant for complex AV data

👉 Favorite: Verisk Analytics ($VRSK
)

Moat through exclusive data pools & analytics. Enabler for almost all insurers. Compounder character, as growing demand for data & models in new markets such as AVs.

Takeaway:

Autonomous driving shifts liability from the driver to the manufacturer or software provider. Insurers need to develop new products, reinsurers and data providers are becoming more important. Munich Re is protecting the industry, Lemonade is testing digital models and Verisk is providing the data intelligence without which no AV insurance can function. Investors will find silent but indispensable winners of the upheaval here.

🛡️ Security & Cybersecurity

Big players:

$PANW (-0,04%) Palo Alto Networks - market leader in network security, focus on cloud & IoT, relevant for connected vehicles

$CRWD (-0,09%) CrowdStrike ($CRWD) - endpoint security, strong platform for AV endpoints and fleets

$CHKP (+0,12%) Check Point ($CHKP) - Security appliances & firewalls, focus on embedded & IoT

$CSCO (-0,25%) Cisco Systems ($CSCO) - Network security + automotive infrastructure

👉 Favorite: Palo Alto Networks ($PANW (-0,04%)
)

moat due to the width of the platform, which extends from the data center to the vehicle. With the $CYBR (-0,07%) -integration, PANW has also covered the topic of identity security. Compounder properties through continuous expansion, high customer loyalty and a strong M&A strategy.

Hidden champions:

$CON (+0,29%) Argus Cyber Security (private, subsidiary of Continental) - specialized in automotive cybersecurity

$Upstream Security (private, Israel) - cloud-based cyber platform specifically for connected vehicles

Karamba Security (private, Israel) - embedded security for control units (ECUs)

$4704 (+1,63%) VicOne (subsidiary of Trend Micro) - AV-specific threat analysis

👉 Favorite: Argus Cyber Security (private, part of $CON (+0,29%)
Continental)

Pioneer in the automotive segment, deep integration in OEMs. Moat through early partnerships and specialization in vehicle architectures.

Shovel manufacturer:

$AKAM (-0,22%) Akamai - Content Delivery & Edge Security, relevant for OTA updates

$FTNT (+0,54%) Fortinet - Network & IoT security, broad base

$ZS Zscaler - cloud-native security for data traffic between AV & cloud

$NET (-0,13%) Cloudflare - infrastructure protection, DDoS protection for fleets & updates

$BB (+0,52%) BlackBerry QNX - Operating system & security framework for automotive

👉 Favorite: BlackBerry ($BB (+0,52%)
)

Moat by QNX, which is already running in millions of vehicles. Strong lock-in with OEMs. Compounder potential if QNX continues to scale as a security operating system for AV architectures.

Takeaway:

Cybersecurity is the nervous system of autonomous driving. Without secure communication, OTA updates and fleet protection, AV is inconceivable. Palo Alto Networks provides the necessary breadth and depth, Argus secures the vehicles themselves, and BlackBerry QNX provides the foundation in the control units. Investors are relying on the invisible gatekeepers of tomorrow's mobility.

⚡ Energy & infrastructure

Big player:

$EBK (-0,29%) EnBW - operator of charging infrastructure in Germany, expansion of fast-charging parks

$SHEL (+0,38%) Shell - massive entry into e-mobility & charging infrastructure, partnerships with OEMs

$BP (+0%) BP - charging and energy infrastructure via bp pulse, global rollout

$TSLA (+1,1%) Tesla ($TSLA) - Supercharger network as AV backbone, potential licensing model

👉 Favorite: Tesla ($TSLA (+1,1%)
)

Moat due to world's largest fast charging network with high availability & own software integration. Compounder, as Supercharger can grow as a service independently of the OEM.

Hidden champions:

$Ionity (private, joint venture of BMW, Mercedes, Ford, VW, Hyundai) - Europe's premium charging network 👉 Access via OEMs such as BMW or Mercedes

$ALLG Allego - listed charging infrastructure operator, focus on Europe

$FAST (+0,71%) Fastned (FAST.AS) - fast charging network in Europe, rapidly growing

$DCFC Tritium DCFC - manufacturer of fast charging stations, globally active

👉 Favorite: Fastned ($FAST (+0,71%)
)

Clear business model as a pure fast-charging operator, strong moat through premium locations & brand perception. Compounder potential via expansion in Europe.

Shovel manufacturer:

$ABBN (+0,18%) ABB - leader in charging hardware & power grid infrastructure

$ENR (+0,12%) Siemens Energy - grid infrastructure & charging hardware, important supplier for energy transition + AV

$SU (-0,91%) Schneider Electric - power distribution, smart grids for charging infrastructure

$6594 (+2,26%) Nidec - motors & drives for e-mobility

$ETN (-0,15%) Eaton - Energy management & charging infrastructure components

👉 Favorite: ABB ($ABBN (+0,18%)
)

Broadly positioned from fast charging hardware to grid technology. Moat due to market leadership & long-standing customer base. Compounder, as electromobility + AV will bring growth for decades.

Takeaway:

Autonomous vehicles don't just need software, they need a reliable charging and energy base. Tesla is securing a massive advantage with its Supercharger network, while hidden champions such as Fastned are setting the pace in Europe. On the shovel side, ABB dominates with its global infrastructure expertise. Investors should not underestimate this sector, as no AV will drive without energy.

🏙️ Mobility services & platforms

Big players:

$UBER (+0,07%) Uber Technologies - ride-hailing, partnerships with AV start-ups (Momenta), robotaxi plans in Munich

$LYFT (+0,12%) Lyft - ride-hailing, own AV programs, cooperations with Aptiv & Motional

$DIDIY (+0%) Didi Global - largest ride-hailing network in China, AV research on Didi Autonomous Driving

$9888 (+1,8%) Baidu Apollo - robotaxi operator in China, leading with Apollo Go

$AMZN (+0,16%) Amazon / Zoox - fully autonomous robotaxi, integration into Amazon ecosystem

👉 Favorite: Baidu Apollo ($9888 (+1,8%)
HK, China, HKEX)

Moat through network effects in the world's largest mobility market. Apollo Go has already completed hundreds of thousands of robotaxi journeys. Compounder potential as China aggressively promotes AV.

Hidden champions:

$Momenta (private, China) - L4 autonomy software, partnerships with Mercedes & Toyota, based in Suzhou, China

👉 Access indirectly via investors such as $7203 (+0,86%) Toyota or Mercedes $MBG (+0,26%)

$Motional (joint venture Hyundai & Aptiv, private, USA/South Korea) - Robotaxi tests in the USA

👉 Access via $Hyundai or $APTV (-0,71%) Aptiv

$WeRide (private, China) - Robotaxi & AV bus solutions, based in Guangzhou, China

👉 Investors: Renault-Nissan-Mitsubishi Alliance

$Cruise (private, USA) - GM subsidiary for robotaxis, based in San Francisco

👉 Access via $GM (+0,11%) General Motors

👉 Favorite: Motional (private, USA/South Korea)

Strong moat through OEM partnerships (Hyundai + Aptiv). Realistic scaling through series integration, compounder potential via global fleet integration.

Shovel manufacturer:

$HTZ (-0,53%) Hertz Global - fleet management, integration of AVs in rental fleets

$SIX2 (+0,12%) Sixt SE - Car sharing & fleet leasing, focus on Europe

$R (-0,31%) Ryder System ($R, USA, NYSE) - fleet services & leasing, AV test integration

$GRAB (+0,38%) Grab Holdings ($GRAB, Singapore, Nasdaq) - Southeast Asian ride-hailing market leader, entry into AV services

$Ola Cabs (private, India) - AV pilot projects in India

👉 Favorite: Sixt SE ($SIX2 (+0,12%)
.DE, Germany, Xetra)

Moat due to premium positioning in Europe, flexible business model (rental, leasing, car sharing). Compounder, as Sixt invests early in fleet integration of AVs and benefits from growing Mobility-as-a-Service market.

Takeaway:

Mobility services are the interface to the end customer. This is where it will be decided whether AVs remain just technology or break through to the mass market. Baidu dominates in China, Motional scores with strong partners in the West, and Sixt provides the platform to bring scalable AVs into everyday life in Europe. Investors who get in early will secure access to the future platform monopolies of mobility.

🔋 Battery & drive

Big player:

$300750 CATL - world market leader for battery cells, supplies almost all major OEMs

$373220 LG Energy Solution - global player, supplier for Tesla, Hyundai, GM

$6752 (+0,02%) Panasonic Holdings - long-standing partner of Tesla, strong in energy storage

$1211 (+1,5%) BYD - integrates battery production and vehicles, pioneer in blade batteries

👉 Favorite: CATL ($300750
SZ, China, Shenzhen)

Moat due to technological leadership and economies of scale, supplies almost all global OEMs. Classic compounder, as batteries are at the heart of every AV fleet.

Hidden champions:

$Northvolt (private, Sweden) - European battery startup, sustainable production, supplies VW and BMW 👉 Access indirectly via VW ($VOW3 (+0,02%) DE, Germany, Xetra) or BMW ($BMW (+0,41%) DE, Germany, Xetra)

$SLDP Solid Power - specialist for solid-state batteries, partnerships with Ford and BMW

$ProLogium (private, Taiwan) - solid-state batteries, pilot projects with Mercedes👉 Access indirectly via Mercedes-Benz Group ($MBG (+0,26%) DE, Germany, Xetra)

$QS QuantumScape ($QS, USA, NYSE) - solid-state batteries, strong focus on future technology

$MOD (-0,17%) Modine Manufacturing (USA, NYSE) - Thermal management for batteries, e-motors and power electronics. Critical for range and safety.

$KULR (+0%) Technology (USA, NYSE) - specializes in battery cooling, energy storage and recycling. Still small, but focus on safety makes it interesting in the AV context.

$ZIL2 (+0,54%) ElringKlinger (DE, Germany, Xetra) - supplier of battery packs, housings, seals and fuel cell technology. Supports OEMs in electrification and alternative drive systems.

👉 Favorite: Solid Power ($SLDP
USA, Nasdaq)

Technology leader in solid-state batteries with strong OEM partnerships. Moat through patents and early market entries. Compounder potential through commercialization from 2027+.

Blade manufacturer:

$6594 (+2,26%) Nidec (JP) - leader in electric motors for EVs and AVs

$IFX (+0,55%) Infineon Technologies (DE) - semiconductors for power electronics and battery management

$300450 Wuxi Lead Intelligent (China, Shenzhen) - machines for battery production

$UMI (-0,38%) Umicore (Belgium, Euronext) - cathode materials and recycling

$ALB (-0,23%) Albemarle (USA, NYSE) - Lithium mining and processing

👉 Favorite: Infineon Technologies ($IFX (+0,55%)
DE, Germany, Xetra)

Moat due to market leadership in power electronics, deeply integrated in battery and drive systems. Compounder potential due to growing demand for silicon carbide (SiC) chips for EV and AV applications.

Takeaway:

Battery and drive are the foundation of autonomy. Without powerful energy storage, reliable electric motors and robust power electronics, no autonomous vehicle can be operated economically. CATL dominates cell production, Solid Power is a promise of the future in solid state technology, and Infineon supplies the critical power electronics. Investors who neglect this sector are ignoring the heart of autonomous driving.

🗺️ Maps & Mapping

Big players:

$GOOGL (+0,2%) Alphabet / Waymo (USA, Nasdaq) - HD maps for robotaxis, combined with AI-supported real-time navigation

$9888 (+1,8%) Baidu Apollo (China, HKEX) - leader in AV mapping in China, integrated into Apollo Go

$HERE Technologies (private, based in NL/DE, owners: Audi, BMW, Mercedes and others) - global provider of HD maps, industry standard for many OEMs

$TOM2 (-0,41%) TomTom (Netherlands, Euronext) - specialized in HD maps for AVs, partner of Volvo and Bosch

👉 Favorite: HERE Technologies (private, access via OEMs Audi, BMW, Mercedes)

Moat through global map databases, OEM consortium as backing. Compounder potential, as almost all autonomous vehicles rely on HD maps.

Hidden champions:

$002405 Navinfo Co. Ltd, (China, Shenzhen) - market leader for digital maps in China, partnerships with OEMs - unfortunately not tradable in the EU

$Civil Maps (private, USA) - specialized in AI-supported HD mapping for AVs

$DeepMap (private, USA, acquired by $NVDA (-0,07%) Nvidia) - high-precision mapping, integration with Nvidia Drive

$Mapbox (private, USA) - cloud-based mapping platform, strong in the developer ecosystem

👉 Favorite: NavInfo ($002405
SZ, China, Shenzhen)

Dominance in the Chinese market, regulatory anchoring and partnerships with major OEMs. Moat through market access in China, compounder potential through data growth.

Shovel manufacturer:

$PL Planet Labs (USA, NYSE) - daily earth observation data, basis for dynamic mapping

$HEXA B (+0,77%) Hexagon AB (Sweden, Nasdaq Stockholm) - measurement technology and geodata solutions

$TRMB (-0,09%) Trimble (USA, Nasdaq) - positioning and geospatial data for AV and industrial applications

👉 Favorite: Hexagon AB ($HEXA B (+0,77%)
Sweden, Nasdaq Stockholm)

Moat due to decades of experience in geodata and measurement technology, strong market position in industry and automotive. Compounder potential, as mapping and positioning are indispensable for all AV applications.

Takeaway:

High-precision maps are the nervous system of autonomous driving. Without continuously updated HD maps, vehicles cannot navigate safely. HERE secures a key role through OEM stakes, NavInfo dominates the Chinese market, and Hexagon provides the geospatial bucket technology. Investors should not overlook this sector, as mapping is the invisible foundation on which autonomy works.

Sources: own research, https://www.t-online.de/mobilitaet/aktuelles/id_100901210/iaa-mobility-muenchen-2025-alle-neuheiten-von-audi-bmw-vw-opel.html

Images: https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/robotaxis-das-milliardenrennen-der-autonomen-autos-20381083.html

https://insideevs.de/features/763886/vorschau-iaa-2025-neuheiten-2026/

$$FICO (-0,11%)

I can't find anything, what's going on?

$FICO (-0,11%)

My dears, politicians are once again dictating the price of a share.

Is this a buying opportunity for you, or rather a reason to flee the stock?

@Simpson

The share price of the rating company Fair Isaac has plummeted. The trigger should also make the rest of the US real estate sector sit up and take notice.

In simple terms, the rating company Fair Isaac (Fico) is the Schufa of the American real estate market. If Americans want a home loan from their bank, their Fico rating determines whether they get it. This prominent position was Fair Isaac's undoing on Wednesday: the company's share price plummeted by 15.74 percent. The worst daily performance in the broad S&P 500 index. What happened?

Owning your own home is an integral part of the American dream, which is why US politicians are keeping an eagle eye on the real estate market. According to the US Mortgage Bankers Association (MBA), demand for loans slumped by 5.1 percent last week compared to the previous week. Chief economist Mike Fratantoni blamed this on the high interest rates on home loans.

For Bill Pulte, Director of the US Federal Housing Finance Agency (FHFA), the development must have struck a nerve. The head of the agency first vented his anger at an MBA event and then on Platform X: "After the hard work of many great senators, including Senator Tim Scott, I am extremely disappointed with Fico's cost increases for American consumers." Fair Isaac's share price subsequently plummeted.

According to reports, Pulte was particularly upset by the credit rating agency's decision in November. At that time, Fair Isaac had raised the fee for granting mortgage loans from 3.50 dollars to 4.95 dollars. An increase of more than 40 percent.

The head of the authority also indicated that he wants to resume the FHFA's efforts to change the regulation of credit ratings. Since 2022, the authority has been planning to adjust the rules for homebuilders so that they only have to provide two credit ratings instead of three. This plan is viewed critically in the real estate industry as it is considered less meaningful. For Fair Isaac, on the other hand, it could mean a cut in fee revenue.

But why are investors so sensitive to the statements of a head of authority? One reason could be that this is not the first time that politicians have explicitly blamed Fico for the situation on the US real estate market. In a letter to the US Department of Justice in June last year, Republican Senator Josh Hawley accused Fico of using his dominant market position to drive up prices and called for the antitrust authorities to intervene.

https://www.wiwo.de/finanzen/boerse/us-immobilienmarkt-regulierungsangst-laesst-hauskredit-bewerter-abstuerzen/100130065.html

$DHR (-0,01%)
$AJG (-0,08%)
$FICO (-0,11%)
$TPL
$TYL (-0,32%)
$CSU (-0,56%)
$PH (-0,23%)
$ROP (-0,19%)
$HEI (-0,18%)
$TDG (-0,23%) 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 (-0,32%)
$FICO (-0,11%)
$HEI (-0,18%)
$PH (-0,23%) and $TDG (-0,23%) particularly liked. The dear @Tenbagger2024 also shared a great article on Transdigm, which you can find in the comments. $CSU (-0,56%) and $TPL (+0,03%) are expected to show stronger growth towards the end of Q3, which is related to the acquisition speed, especially I hope the $TPL (+0,03%) acquires new flats.

If you are interested in a detailed earnings review on $TPL (+0,03%) just write a comment.

Enjoy the nice weather <3

Disclaimer: the portfolio here is only for visualization on Getquin, after the hint of @Epi
I decided to create the whole thing as a wikifolio. Since I am planning to invest in the whole thing myself, I am of course happy about every reservation <3.

Wikifolio: https://www.wikifolio.com/de/de/w/wf000natxc

First of all, this is a short presentation of the companies, I will post more detailed articles in the coming days/weeks, otherwise this would go beyond the scope of this article. I look forward to your questions :)

I hope the formatting is ok so far.

The portfolio focuses on:

• Companies with strong economic moats (market leadership, high switching costs, unique assets and mission-critical products).
• Scalable business models with high/stable margins and strong free cash flow that can be efficiently reinvested (without innovation).
• Management teams with proven capital allocation skills and long-term incentives.
• long-term shareholder value

The Holdings:

Texas Pacific Land Corporation $TPL (+0,03%)

Texas Pacific Land Corporation, based in Texas, is one of the largest private landowners in Texas with approximately 880,000 acres in the Permian Basin. Founded in 1888 from the bankruptcy of the Texas and Pacific Railway, TPL generates revenue from oil and gas royalties, water rights, land leases and infrastructure services without being directly involved in exploration or production.

• Passive, high-margin modelTPL earns royalties from oil and gas production, land leases (solar, wind, pipelines, data centers, Bitcoin mining and many others) and water management (sales and purification), often with operating margins of over 70% as there are virtually no operating costs.
• Scalable growthIncreasing energy production in the Permian Basin drives royalty income without major reinvestment; water rights and infrastructure provide additional prime sources of growth.
• Capital-light modelLow investment requirements enable high payouts (dividends, share buybacks) while participating in rising commodity prices. In addition, land continues to be purchased which contributes to long-term value creation. TPL also has no debt.
• Historical performanceTPL has achieved annualized returns of ~20% over the last 10 years, driven by increasing energy demand and diversification.
• Unique "Moat": Owning non-replicable land in the Permian Basin creates an unassailable competitive advantage.
• Robust cash flowsRoyalty-based revenues are largely protected from operational risks and provide stability.
• Disciplined managementManagement has diversified the business model through water and infrastructure services and remains lean and efficient. Future focus on data centers (the Permian Basin is considered the ultimate hotspot for data centers in the US)
• Shareholder returnsUse of high free cash flows for dividends, special dividends and share buybacks to increase value per share.

Constellation Software $CSU (-0,56%)

Constellation Software, based in Canada, acquires, manages and develops vertical market software (VMS) serving niches such as local government, healthcare and financial services. With a decentralized model, it has acquired hundreds of small software companies worldwide and is considered the perfect compounder.

• Serial acquisitionsConstellation acquires small, cash-flowing VMS companies (typically USD 5-10m revenue) at attractive valuations, which enables consistent growth (~15-20% annualized returns since IPO in 2006).
• High returns on capitalAcquired companies generate stable, high-margin cash flows, which are reinvested in further acquisitions, creating a compounding effect.
• Stable revenuesVMS products have high switching costs and recurring revenues, which ensures predictability.
• Economic "moat"High switching costs and fragmented competitors in VMS markets protect against competition.
• Decentralized managementAutonomy for acquired companies promotes agility and efficiency.
• Outstanding leadershipFounder Mark Leonard is recognized as a master of capital allocation, with a focus on high ROIC acquisitions:
• Organic growthImprovement of acquired companies through cross-selling, price adjustments and product development.
• Capital efficiencyLow debt and reinvestment of cash flows in acquisitions rather than dividends to maximize long-term growth.

Heico Corporation $HEI (-0,18%)

Heico, based in Florida, is a leading manufacturer of aerospace and defense components, especially spare parts and repair services. It also serves niches in electronics and medical technology and is growing through acquisitions and organic expansion.

• Consistent outperformanceHeico has delivered ~18% annualized returns since 1987, driven by high-margin aerospace parts and strategic acquisitions.
• Acquisition-driven growthAcquisition of complementary companies to expand product offering and geographic reach. Over 70 acquisitions since 1995 have expanded market share in niche aerospace and defense markets.
• Stable demandGlobal growth and modernization in aviation, defense spending as well as the absolute necessity for repairs ensure long-term demand.
• Regulatory "Moat"Strict certifications (e.g. FAA) create high barriers to entry.
• Cost advantage and niche dominanceFocus on high-margin, mission-critical aviation components with limited competition. Heico's spare parts are often cheaper than OEM parts, which secures market share with high margins.
• Family-led management: The Mendelson family ensures long-term focus and discipline.

TransDigm Group $TDG (-0,23%)

TransDigm, based in Ohio, designs and manufactures specialized components for commercial and military aircraft, focusing on proprietary products with high margins and low competition. It is growing through acquisitions and pricing power.

• Excellent returnsTransDigm has generated ~24% annualized returns since 2007, driven by acquisitions, margin expansion and share buybacks.
• High-margin business: Mission critical products (e.g. actuators, sensors) enable pricing power and operating margins of over 40%.
• Capital allocationFree cash flow is used for acquisitions, debt reduction and shareholder returns, which increases the value per share.
• Value-enhancing M&AAcquisition of niche manufacturers, margin improvement through cost reduction and integration.
• Strong "Moat"High switching costs and regulatory barriers (e.g. FAA certifications) protect the market position.
• Pricing powerProprietary products with few competitors allow consistent price increases.
• Proven managementCEO Nick Howley has a disciplined acquisition strategy and is focused on shareholder value.

Parker-Hannifin Corporation $PH (-0,23%)

Parker-Hannifin, based in Ohio, is a global leader in motion and control technologies, including hydraulics, pneumatics and filtration systems for industries such as aerospace, automotive and manufacturing.

• Steady growthParker-Hannifin has achieved ~12% annualized returns over the past two decades, driven by diversification and acquisitions.
• High margins: Focus on high-quality, technical products ensures strong profitability.
• Capital allocationFree cash flow supports acquisitions, dividends (over 50 years of growth) and buybacks.
• Strategic acquisitions: Expansion of product lines and geographic presence through bolt-on acquisitions (e.g. Meggitt 2022).
• Market leadershipParker dominates niche markets in drive technology with a broad product portfolio.
• Diversified end markets: Exposure in aerospace, industry and energy reduces cyclical risks.
• Innovative strength: Investments in IoT, electrification and sustainable technologies ensure future growth.
• Operational efficiency: Use of lean manufacturing and cost discipline to secure high margins and finance growth.

Fair Isaac Corporation $FICO (-0,11%)

Fair Isaac, based in California, is known for the FICO score, the leading credit scoring system in the US. It also provides analytics software and decision-making tools for industries such as banking, insurance and healthcare.

• Stable growthFICO Score generates predictable, recurring revenue while the software segment is growing at double-digit rates (~15% annualized returns over the last 10 years).
• High marginsSoftware and scoring services have low variable costs, enabling operating margins of over 30%.
• Long-term relevance: Credit risk assessment and analytics are essential for the financial industry.
• Dominant "Moat"FICO score has a quasi-monopoly position in the US with high switching costs for lenders.
• Innovation leadership: Investments in AI, machine learning and cloud analytics ensure future growth:
• Software expansion: Expansion of decision management software (e.g. fraud detection, customer analytics) to diversify revenues.
• Global reach: Expansion of scoring and analytics solutions into international markets.

Danaher Corporation $DHR (-0,01%)

Danaher, headquartered in Washington, D.C., is a diversified conglomerate focused on life sciences, diagnostics and environmental solutions. It utilizes the Danaher Business System (DBS), a lean-based management framework, to drive efficiency and growth.

• Outstanding track recordDanaher has achieved ~26% annualized returns since 1978, driven by acquisitions and operational excellence.
• High returns on capitalDBS optimizes acquired businesses, increasing margins and cash flows for reinvestment.
• Resilient markets: Exposure to life sciences and diagnostics ensures stable, long-term demand.
• Market leadershipDanaher is a leader in niches such as laboratory equipment (e.g. Beckman Coulter) and diagnostics (e.g. Cepheid).
• Diversified portfolioBroad exposure reduces dependence on individual markets. Continuous reinvention and further development of the company, positioning Danaher for long-term growth:
• Strategic acquisitionsAcquisition of high-quality life sciences and diagnostics companies, integration with DBS to enhance performance.
• Operational excellence: Use of DBS to increase margins, reduce costs and accelerate growth.
• Innovation focus: Investing in research and development for cutting-edge technologies in genomics, diagnostics and environmental technologies.

Roper Technologies $ROP (-0,19%)

Roper Technologies, based in Florida, is a diversified technology company that provides software and hardware solutions for niche markets such as healthcare, energy and education. It is growing through acquisitions and organic expansion.

• Consistent growthRoper has delivered ~15% annualized returns over the last two decades through disciplined acquisitions and stable cash flows.
• High-margin businesses: Software and services generate recurring revenues with margins in excess of 30%.
• Capital efficiencyStrong cash flows finance acquisitions and dividends with high ROIC.
• Niche leadershipRoper dominates fragmented markets with high switching costs (e.g. healthcare software, water management systems).
• Strong management: Management excels at identifying and integrating high value acquisitions.
• Recurring revenuesSubscription-based software models ensure predictable cash flows.
• M&AAcquisition of market-leading companies in high-margin niche markets with stable demand.
• Organic growth: Improvement of acquired companies through product innovation and market expansion.
• Shareholder focus: Balance between acquisitions, consistent dividend growth and opportunistic buybacks.

Tyler Technologies $TYL (-0,32%)

Tyler Technologies, based in Texas, is the leading provider of software solutions for the US public sector, serving municipalities, courts, schools and other government agencies. Its platforms digitize administrative processes.

• Stable growthTyler has achieved ~15% annualized returns over the last 10 years, driven by the digitization of the public sector.
• Recurring revenueSubscription-based software contracts provide stable, high-margin cash flows.
• Scalable model: New solutions can be rolled out to the large customer base with minimal additional costs:
• Market dominanceTyler is a leader in the public sector software market, with high switching costs for customers.
• Economic "Moat"Long-term government contracts and regulatory complexity keep competitors at bay. Deep integration into customer processes minimizes churn.
• Focus on the public sector: Expansion of software offering (e.g. court management, tax systems) to meet growing digitization needs.
• SaaS transformation: Conversion of customers to cloud-based, subscription-based models for higher recurring revenues and margins.
• Strategic acquisitions: Acquisition of complementary software providers to expand the offering and customer base.

Arthur J. Gallagher & Co. $AJG (-0,08%)

Arthur J. Gallagher, based in Illinois, is a global insurance broker and risk management services provider offering customized insurance solutions and advice to businesses and individuals.

• Stable growthGallagher has achieved ~14% annualized returns over the past 10 years, driven by acquisitions and organic growth in the stable insurance sector.
• Recurring revenues: Commission-based income from insurance renewals ensures predictable cash flows.
• Acquisition-driven expansion: Acquisition of small and mid-sized brokers to expand geographic and product reach.
• High return on investmentAcquisitions of small brokers generate immediate cash flows that are reinvested with attractive returns.
• Organic growthDeepen customer relationships through cross-selling and specialized risk management services.
• Scalable modelGallagher's platform enables efficient integration of acquired brokers, expanding client base and capabilities.
• Regulatory "Moat"Complex insurance regulations and client relationships create barriers to entry.
• Strong managementLeadership has a proven track record of disciplined acquisitions and organic growth.
• Operational efficiency: Optimizing operations to maintain high margins and finance further acquisitions.

The portfolio achieves the broadest possible diversification with targeted exposure to first-class compounders. Through acquisition strategies, the companies increasingly cover more and more niches within a sector, which simultaneously promotes diversification and growth.

I know that there are a few companies that would also fit in here, but I particularly wanted to include some that are less well known and not represented in most portfolios. For example, most people here already have Berkshire, Mastercard, Visa or other tech companies in their portfolios anyway.

The portfolio is not a standalone, or rather I see it as an addition to specifically bring compounders (which are also partly uninteresting for "beginners" due to the high share price) into the portfolio and thus directly overweight them, since as far as I know they are also underweighted in every ETF and therefore cannot provide any real added value.

If you want to invest in the Wikifolio, a share should have a weighting of >30% and will be rebalanced.

I am curious about the new ETF from @lawinvest let's see if we have a chance against the Ultimate Homer @Simpson have a chance against the Ultimate Homer.

It is now slowly becoming clear who has what it takes to make good profits in the coming years.

Here are my top 30 companies by category, which I am particularly looking at in the current crash.

Some are still overvalued, others are already very attractive at the current price level.

Tier 1 (high corporate quality and strong growth)

Airbnb $ABNB (-0,27%)

Alphabet $GOOGL (+0,2%)

Amazon $AMZN (+0,16%)

ASML $ASML (+1%)

Axon $AXON (+0,42%)

Cadence $CDNS (+0,16%)

Constellation Software $CSU (-0,56%)

Crowdstrike $CRWD (-0,09%)

Fair Isaac $FICO (-0,11%)

Hermes $RMS (+0,45%)

Intuit $INTU (+0,58%)

Intuitive Surgical $ISRG (-0,62%)

Mastercard $MA (-0,09%)

Meta $META (-0,08%)

Netflix $NFLX (-0,05%)

Microsoft $MSFT (+0,14%)

Palantir $PLTR (-0,13%)

Tesla $TSLA (+1,1%)

Tier-2 (high business quality and moderate growth)

Booking $BKNG (-0,18%)

Costco $COST (-0,5%)

Ferrari $RACE (+2,02%)

Moody's $MCO (-0,16%)

MSCI $MSCI (-0,2%)

Transdigm $TDG (-0,23%)

Tier-3 (medium / solid corporate quality and strong growth)

Hims & Hers $HIMS (+0,19%)

Robinhood $HOOD (-0,23%)

Roblox $RBLX

Shopify $SHOP (-0,31%)

Spotify $SPOT (+0,12%)

The Trade Desk $TTD (+0,23%)

I bought on Friday and am buying again today - even in the course of the next few days and weeks, when we could probably see even lower prices.

Where are you buying?