Del-Sette’s Strategic Stake in Invesco: A Calculated Move?

A New Addition to the Portfolio

On the 18th of November, 2025, the discerning Mr. Del-Sette, or rather his firm Del-Sette Capital Management, LLC, made a quiet but telling addition to his financial ledger. A newly disclosed stake in Invesco (IVZ +1.24%)-131,156 shares, valued at approximately £3.01 million-now rests within the portfolio. One might observe a certain prudence in this acquisition, though it is but the polite murmur of standard portfolio activity, with no prior mention in the previous quarter’s records.

Further Observations

This modest venture constituted 1.87% of 13F AUM, placing it beyond the fund’s top five holdings, yet sufficient to warrant a place in the ledger of a gentleman of Mr. Del-Sette’s acumen.
The fund’s five principal investments, as of the filing, were as follows:
- NYSEMKT: IDOG: £14.42 million (9.0% of AUM)
- NYSEMKT: EDOG: £12.26 million (7.6% of AUM)
- NYSEMKT: FDL: £7.88 million (4.9% of AUM)
- NYSEMKT: EEM: £6.87 million (4.3% of AUM)
- NYSEMKT: DES: £6.02 million (3.7% of AUM)
As of the 17th of November, Invesco’s shares stood at £22.44, a figure that had climbed 34.1% over the preceding year, outpacing the S&P 500 by a margin of 19.92 percentage points. One might almost detect a wry smile in the market’s response.
By September 30, 2025, Invesco’s trailing twelve-month revenue reached £7.62 billion, with net income of £998.90 million-a performance that would not go unnoticed by the most fastidious of investors.
The stock offered a 3.7% dividend yield, though its price remained 8.53% below its 52-week high, a figure that might prompt a gentleman to consult his ledgers with a critical eye.

A Company’s Character

Metric	Value
Revenue (TTM)	£6.29 billion
Net income (TTM)	£1.06 billion
Dividend yield	3.69%
Price (as of market close November 17, 2025)	£22.44

A Snapshot of the Firm

The company offers investment management services-mutual funds, ETFs, private funds, and separate accounts-spanning equity, fixed income, multi-asset, and alternative strategies. A broad scope indeed, though one suspects the true art lies in the subtlety of execution.
Its clientele is as varied as a drawing-room’s company: retail investors, institutions, pension funds, endowments, foundations, and even sovereign wealth funds. A veritable gathering of the financially astute.
Employing both quantitative and fundamental strategies, Invesco’s approach might be likened to the careful balancing of a dinner party-each guest’s preferences attended to with equal diligence.

Invesco, a global asset manager of considerable repute, wields a comprehensive suite of products. Its scale and diversification, one might argue, render it a formidable player in the ever-shifting dance of the asset management industry.

A Fool’s Reflection

Mr. Del-Sette’s third-quarter portfolio saw several new additions, with Invesco securing the second-largest position at £3.0 million. The largest, however, was a stake in Altria, the tobacco concern best known for its Marlboro brand. A choice that speaks less to sentiment and more to the enduring appeal of stability.

Though Invesco’s 1.9% allocation is notable, it did not ascend to the fund’s top twenty holdings by September’s end. Yet, as any prudent investor knows, such rankings are but the surface of a deeper current.

The rationale for Del-Sette’s bullish stance is not difficult to discern. By September’s close, Invesco’s assets under management had swelled by 6.2% to a record £2.1 trillion-a figure that might inspire admiration in even the most jaded of observers. And while the company’s adjusted operating margin expanded to 34.2%, one wonders if such growth is driven by mere momentum or a more calculated strategy.

A Glossary of Terms

Initiated position: When an investor first acquires a security, establishing a new holding. A step into the dance, so to speak.

13F reportable AUM: Assets under management that must be disclosed via quarterly SEC Form 13F filings. A matter of transparency, though the details may read like a family letter left in a drawer.

Top five holdings: The largest investments in a fund’s portfolio. A ranking that often speaks more to the fund’s character than its fortunes.

Dividend yield: The annual dividend expressed as a percentage of the stock’s price. A measure of generosity, if one is inclined to see it so.

Trailing twelve-month (TTM): The 12-month period ending with the latest quarterly report. A useful shorthand, though history is rarely so neatly contained.

Portfolio activity: The buying or selling of securities within a fund. A silent ballet of intent and calculation.

Separate accounts: Portfolios managed individually for clients, distinct from pooled funds. A bespoke arrangement, much like a custom waistcoat.

Alternative strategies: Investments beyond stocks and bonds. A realm where the rules are less written and more whispered.

Sovereign wealth funds: State-owned funds managing national savings. A curious blend of public duty and private ambition.

Outperforming: Achieving better returns than a benchmark. A triumph, if one chooses to call it such.

Quarter-end market value: The value of holdings at the close of a fiscal quarter. A snapshot, though life rarely pauses for such portraits.

Mutual funds: Pooled investments in diversified portfolios. A collective effort, if ever there was one.

A feather quill, perhaps, to sign off on such a tale. 📝

2025-11-20 00:24