Andrew Hollingworth on finding great companies at a great price

At a time when the market is debating a pivot towards value, Vantage was keen to speak to Andrew Hollingworth, who runs the VT Holland Advisors Equity Fund. Inspired by some of the legends of the investing world (Warren Buffett, Seth Klarman, Peter Lynch), Andrew explains how he looks to invest with a margin of safety to acquire what he is looking for: a great company, with a great management team at a great price. He looks for companies that are standout operators, which generate significant cash flows that are overseen by management teams with strong capital discipline. We discuss how Andrew cuts across sectors by looking at business models (such as the shared economy scale model) and the different types of entrepreneurs he finds running these businesses. Andrew talks about some long-term favourites (Ryanair Holdings, RYA.I and Frasers Group, FRAS.L), some of his new holdings (Amazon, AMZN.OQ and Google, GOOGL.OQ), a strong contributor to performance this year (RCI Hospitality, RICK.OQ) and the drag Alibaba Group Holding (BABA.N) has had on his portfolio. He also discusses Next (NXT.L), JD Wetherspoon (JDW.L) and his pick of a maverick entrepreneur