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Investment trust
CGLCastelnau Group Limited
Managed by Phoenix Asset Management Partners Limited
Latest factsheet
30 Jun 2026
Net assets
£377.0m
vs asset value
20.4% discount
Castelnau Group Limited ("CGL") is a Guernsey closed-ended company listed on the Specialist Fund Segment of the London Stock Exchange. Formed by Phoenix Asset Management Partners Limited in 2020, its listed structure provides the manager with a permanent capital vehicle with which to make long-term investments and acquisitions in public and private businesses of all structures and sizes. It's investment philosophy involves acquiring large stakes in, and capital to, businesses that have, or can create, strong competitive advantages.
20.4% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 0.9 · asset value per share 1.13 (GBP)
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Valderrama (Dignity) | 66.00% | |
| 2 | Hornby | 58.00% | |
| 3 | Phoenix SG (Stanley Gibbons Baldwins) | 71.00% | |
| 4 | Cambium | 92.00% | |
| 5 | Iona Star | 32.00% | |
| 6 | Rawnet | 100.00% | |
| 7 | Silverwood | 29.00% | |
| 8 | Showpiece | 80.00% | |
| 9 | Ocula | 35.00% |
Key facts
- Stock market ticker
- CGL
- ISIN
- GG00BMWWJM28
- Currency
- GBP
- Domiciled in
- Guernsey
- Launched
- 1 Jan 2020
- Market value of shares
- £298.0m
What the manager said
We remain excited about the progress being made in the portfolio and committed to delivering shareholder returns.
Source factsheets
| Date | Published by the trust |
|---|---|
| 30 Jun 2026 | View original factsheet ↗ |
| 31 Mar 2026 | View original factsheet ↗ |