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BREB.BR · Brederode SA 105.60 EUR +0.00 (+0.00%) 2026-SEP-18 11:35 EST

My allocationNot heldas of 2026-SEP-03 · allocation page ↗
Research: QT · STK · SA1 mention
2026-APR-12 · Pieter Slegers · Compounding Quality (Substack) · Positiveinsight · read ↗ · source page ↗104.40 EUR

In short: #10, the last entry captured before the paywall. "A Belgian holding company that invests mainly in Private Equity (non-listed companies). It is controlled by the Van der Mersch family. They still own 55.0% of Brederode." The split is the point: 62.9% private equity funds, 37.1% listed stocks — a fund-of-funds wrapper inside a listed wrapper. Top five of the listed sleeve only: Alphabet 15.1%, Iberdrola 11.2%, Mastercard 9.7%, Enel 7.8%, Novartis 6.2%. Record: 8.5% a year since 2001.

In plain English

Brederode is a Belgian holding company controlled by the Van der Mersch family, who own 55% of it. Nearly two-thirds of what it owns — 62.9% — is money committed to private-equity funds run by other people; the remaining 37.1% is ordinary listed shares.

The listed side is conservative and concentrated: Alphabet at 15.1%, the Spanish utility Iberdrola at 11.2%, Mastercard at 9.7%, the Italian utility Enel at 7.8% and Novartis at 6.2%.

Returns have been about 8.5% a year since 2001. The honest way to describe it is a listed wrapper around a fund-of-funds: an easy route into private equity for a small investor, with two layers of fees that this post does not mention.

SOD 104.40 EUR (open 2026-APR-10)

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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.