European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Industrivärden's H1 2025: NAV Evolution, Discount, Target NAV, Replication

Selected European HoldCos and DLC: September 2025 Report

Industrivärden's Q1 2025: NAV Evolution, Discount, Target NAV, Replication

Selected European HoldCos and DLC: July 2025 Report

Vivendi: Mandatory Buyout in Motion – High-Conviction Risk Arb with 30%+ Upside

Event-Driven

<ul>
<li>NAV rose 8% YTD to SEK 179 bn; Industrivärden C trades at a tight 4.5% discount.</li>
<li>Concentrated, high-quality portfolio: Sandvik + Volvo ≈ 60% NAV; ultra-low 0.07% costs. Solid balance sheet (A+/Stable, 3% leverage) but limited near-term upside after discount compression. </li>
<li>Tactically, short-bias positioning (short holdco / long asset basket) is attractive near a 3–6% discount, while a renewed 8–10% gap would again justify a reversal into the classic long-holdco trade.</li>
</ul>


NAV rose 8% YTD to SEK 179 bn; Industrivärden C trades at a tight 4.5% discount.
Concentrated, high-quality portfolio: Sandvik + Volvo ≈ 60% NAV; ultra-low 0.07% costs. Solid balance sheet (A+/Stable, 3% leverage) but limited near-term upside after discount compression. 
Tactically, short-bias positioning (short holdco / long asset basket) is attractive near a 3–6% discount, while a renewed 8–10% gap would again justify a reversal into the classic long-holdco trade.


Industrivärden Q3 2025: NAV Growth, Narrowing Discount, and Portfolio Rotation

Industrivarden

Industrivärden Q3 2025: NAV Growth, Narrowing Discount, and Portfolio Rotation