An investment fund seeking to identify and invest in undervalued public equities globally.
Approach
The investment approach can be summarized as concentrated stock picking.
Investment Universe
The objective is to invest in undervalued companies where the risk/reward proposition is highly skewed in our favor. Such opportunities can arise in all pockets of the stock market, so I don't use heuristics like company size, industry, or geography to definitively narrow down the investment universe. Instead, I search for attractive opportunities across the entire stock market. The ultimate goal is to generate good long-term returns, not to make the portfolio look a certain way.
Approach
I take a fundamental approach to investing. What matters is how much free cash flow a given company will generate, the value or detractors to value that sit on the balance sheet at the time of investment, and how those free cash flows and balance sheet values will be allocated by the company. Ultimately, what determines an investment decision is how those fundamental aspects compare with the purchase price offered.
Investments I find attractive will look different. Some are more general where I believe the company is trading significantly below its fair value, but with no specific event in mind to close that gap. Others involve a specific future event expected to realize the return, such as a liquidation or merger arbitrage situation. What all investments have in common, regardless of type, is a purchase price that in my view leaves a significant room for error and an asymmetric risk/reward.
Concentration
Attractive investment ideas are few. The fund is therefore concentrated, and will typically be invested in 5-10 stocks.
The fund does not use leverage, engage in shorting, or purchase derivatives. It buys stocks, and nothing else.
Idea Generation
The fund's investment ideas arise from two main sources. The first is manually going through self-made lists of companies. A list will often consist of all companies from a specific stock exchange or industry with very few or no additional filters. I go through every company on that list, A-Z, in the search of something interesting. The second is writings and published holdings of other investors, through which several stocks come to my attention each week. Once in a while I receive an idea that I find attractive after having done the work myself.
Interesting setups may become investments immediately. If not, they are added to a watchlist. As prices change and business fundamentals develop, ideas on this watchlist could become investments. My method is a lot of reading and thinking combined with a good amount of patience and skepticism.
Time Horizon
The minimum recommended time horizon for investors in the fund is 5 years. Investment decisions are made with that longer-term view in mind.
Storm Bruun Capital ApS is registered with the Danish Financial Supervisory Authority (Finanstilsynet) as an Alternative Investment Fund. It was registered in April 2026.
The fund is managed by Storm Bruun Management ApS, which is registered as a Manager of Alternative Investment Funds (FT-id: 23410). Storm Bruun Management ApS is fully owned by August Storm Bruun, who is responsible for the fund's investment decisions.
The fund is targeted professional and semi-professional investors based in Denmark. The minimum investment requirement in the fund is DKK 750,000.
August is invested in the fund with virtually all of his own capital, and is thus aligned with the fund's co-investors. His compensation from managing the fund is entirely based on the fund's performance. There are no management fees.
The Fund
August
I got introduced to investing in elementary school and have spent the majority of my time on it since. I decided in 9th grade that I wanted to launch my own investment fund some day.
During high school, I began publishing my investment write-ups on companies online to discuss them with others. I also worked on my research at a danish investment fund. Towards the end of high school, I got a job at another investment fund where I worked for the first part of university.
During university, I launched this fund. Through it, the goal is to build an investment track record over the next many years that I will be proud of.
Besides managing the fund, I am also in university. Substantially more of my time is dedicated to working on and thinking about investments. That is what I am passionate about.
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