Overview
Sector Allocation
Reported based on the Global Industry Classification Standard (GICS)
(As of December 31, 2025)
Book Value per Share
MMH Class A
$22.08
Overall Gain in Per-Share Book Value: 150.9%
(4th Quarter 2022 – 4th Quarter 2025)
Statement of Changes in Equity
(value in %)
4th Quarter
- Cash and Cash Equivalents 0.5
- Investments in Marketable Securities:
- Unrealized & Realized Gains (Losses) 2.7
- Capital Allocation Adjustments (1) 0.5
- Non-Core Assets Valuations 0.4
- Other Equity Adjustments (2) 0.0
- Total Change in Per-Share Book Value %3.4
- $0.72
Consolidated fair value-based data. Internal valuation only. Not listed
(As of December 31, 2025 – Unaudited)
Investment Principles
- Hold portfolios of publicly traded securities
- Maintain a Long-Term view with a value tilt
- Prioritize high-quality, competitive businesses
- Ensure broad diversification across Sectors, Geographies, and Investment Factors
- Harness compounding to drive meaningful returns over the long run
- Avoid market timing or Short-Term speculation
- Knowing probabilities doesn't eliminate uncertainty
- Future return are better framed as a range of possibilities, not a fixed outcome
- Establish a firm foundation for permanent capital allocation
Data and disclosures provided herein are intended solely as a historical record and archival resource of the holding company’s operations. They are presented for informational purposes only, are based on unaudited internal assessments, may be subject to change, and should not be interpreted as investment advice, nor as an offer, solicitation, or invitation to purchase or sell any product, service, or security.