Where ICSA is invested today, how the portfolio is constructed, and how it is positioned to grow over time.
ICSA's current portfolio is centred on listed-equity shareholdings selected through our sector priorities and five-principle investment framework. Each investment is assessed against The ICSA Way before capital is committed.
As the portfolio grows, we remain selective rather than broad for its own sake. We favour businesses we can understand with conviction and monitor responsibly, maintaining discipline in both investment selection and capital allocation.
Over time, ICSA may expand its portfolio through unlisted-equity investments where opportunities meet the same standards of resilience, governance and long-term value creation.