Public Equity
Our public equity strategy prioritizes efficient capital allocation. By focusing on minority positions in wonderful public companies, we maintain a lean operational footprint, concentrating our energy on high-level capital allocation rather than the day-to-day management of portfolio companies.
2025 Performance
2025 Performance
48.1%
Agatis Public Equity total return
Agatis Public Equity significantly outperformed both local and global benchmarks in 2025, delivering a 48.1% return. Despite a brief drawdown in early 2025, the portfolio recovered strongly from March onward and accelerated through the second half of the year, reflecting disciplined stock selection and resilient positioning across market cycles.
Portfolio
A concentrated set of listed Indonesian businesses with durable franchises and strong management teams.
Beverages & Consumer Goods
ADESOperates across two business segments (bottling and distribution of drinking water, and manufacturing and trading of food and cosmetic products) in both Indonesia and overseas markets. Its bottled water is distributed under the Nestlé Pure Life and Vica Royal trademarks.
Aviation Services
CASSProvides aviation support services, food solutions, and facility management across four divisions: ground and cargo handling, aircraft release and maintenance, catering, and aviation training. The majority of revenue comes from ground and cargo handling, all within Indonesia.
Aircraft Maintenance
GMFIAn Indonesia-based aircraft maintenance company offering line and base maintenance, component and engineering services, calibration, logistics, cabin maintenance, consulting, and training. It operates through Airframe, Engine & Component; Line Maintenance & Technical Ground Handling; and Other Operations segments.
Security Printing
JTPEProduces business forms and security printing products. Its Security segment covers documents requiring special permits (checkbooks, giro forms, and stock certificates), while the Non-Security segment serves general printing needs, sold both domestically and internationally.
Food & Beverage Distribution
KMDSEstablished for more than twenty years in the F&B industry and recognized for distributing superior food and beverage products. It also provides training and free consultations for beverage and food applications, operating across Java Island and Outside Java Island segments.
Information & Communication Technology
MTDLOperates in the ICT industry through two segments: Distribution (the largest revenue contributor, covering hardware, software, and peripherals) and Solutions & Consulting, spanning maintenance, professional services, system software, and implementation.
Automotive Components
SMSMManufactures filters, radiators, oil coolers, condensers, fuel tanks, exhaust systems, and press parts. Under its flagship Sakura Filter brand (registered in more than 130 countries), SMSM exports to over 125 countries. Publicly listed on the Indonesia Stock Exchange since 1996.
Get in touch
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