Andvari Holdings’ Q2 2026 Investor Letter

Andvari Associates, an investment management firm, released its second-quarter 2026 investor letter. Andvari’s portfolio has performed strongly in the quarter, highlighted by Constellation Software’s 19.9% revenue growth and its plans to spend on acquisitions in 2026. The company is also focusing on AI tools to enhance productivity and customer relationships. However, the AI sector is experiencing extreme hype, leading to a growing disconnect between valuations and future cash flows....