Monthly Message
For October, the Wutherich & Co. Composite was up 0.7%.
The lumbering continues with the Wutherich & Co. Composite eking out another small gain. Only this time, the markets have slowed down also. The extraordinary gains of the Materials Sector (think Golds, Base Metals, Rare Earths) have moderated for now.
We have made a few changes to the portfolio, adding a new name and topping up several others. October will see the end of one of our long-time holdings, Parkland Corporation (PKI-T), as it is being taken over by Sunoco LP (SUN-N). We will be receiving a combination of cash and shares for our PKI holding.
We should still have a significant amount of cash once the dust has settled and will be looking to tuck this into existing names in the portfolio. We feel good about all of our holdings and look forward to seeing how they are doing as they report their most recent quarters in the coming weeks.
Finally, we would like to invite you to our Annual Update on January 21, 2026 via Zoom. Please contact Jean-Francis Archambault at jf@wutherich.ca for a link to the meeting.
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