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Aoris Investment Management fund admitted its multi-year holdings in Accenture (ACN) were a 'costly mistake', after ACN shares plunged 58% over 12 months.
svmuu.com14/08/2026 10:11
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Aoris Investment Management, in its Q2 2026 investor letter, stated it sold its position in Accenture (ACN) late in the quarter. The fund noted the investment negatively impacted its annual portfolio returns by 5.2%, attributing the misjudgment to an assumption that Accenture's underlying revenue growth would return to its historical 6-7% rate, which has instead been stuck at 1-4% since 2024.
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