KNA Capital
@knacapital
An Ohio-registered investment advisor built around a concentrated equity strategy. Disclosures: https://kna-capital.com/disclaimer
KNA Capital CIO @toddwenning recently appeared on the Compounders podcast with @BenClaremon. They covered the importance of moats in Todd's investment philosophy, what's behind the name "KNA", and much more. kna-capital.com/research/why-m…
KNA Capital CIO @toddwenning recently presented on #HWDN at the 2025 @manualofideas Global Wide Moat Conference. You can view and listen to Todd's presentation using the link below. kna-capital.com/content/howden…
In KNA Capital’s June update for the Core Equity strategy, CIO @ToddWenning discusses a number of portfolio holdings and comments on a new research paper on the impacts of passive investing. kna-capital.com/content/kna-ca…
Great interview with $ECL CEO Christophe Beck on the opportunity in water to enable AI’s exponential growth.
In KNA Capital's May update, President & CIO @ToddWenning discusses struggles at $CPRT as well as how teaching university courses impacts his investing approach. kna-capital.com/content/kna-ca…
The KNA Capital Management April 2025 letter is now available. kna-capital.com/content/kna-ca…
It was fun to discuss $ECL on @bizbreakdowns with @ReustleMatt. Ecolab is a 102-year-old business with 90% consumable/recurring revenue and an increasing focus on water. It isn’t discussed in quality circles as much as I’d expect. Hope you enjoy the conversation.
Today we break down EcoLab $ECL. @ToddWenning joined @ReustleMatt to how a cleaning product for hotels became a giant in hygiene, water, and infection prevention. Today ECL: - Protects 36% of the world's packaged food supply - Is one of two mandatory vendors for 🇺🇸 McDonald's
I’ve written a lot about nostalgia and how it’s the fuel behind $NTDOY and #GAW. My family and I spent some time at Disney World $DIS this week and if you ever want to see the (pricing) power of nostalgia, that’s where you need to go. There are some downsides of nostalgia, of…
Today's Flyover Stocks post is a departure from normal topics, but it's a topic I wanted to discuss as I think mid-life personal finance is a sadly overlooked space. I hope this helps you or someone you know.
KNA Capital's February update is now available. In the letter, Todd discusses additions to two existing holdings, a new addition to the portfolio, and why Nintendo is entering a new era with Switch 2. kna-capital.com/research/kna-c…
“We’re not managing for the smoothness of our earnings, we manage to grow the enterprise profitably for the benefit of our customers and our shareholders long term.” - $CPRT CEO Jeff Liaw
The KNA Capital Core Equity strategy's Q4 2024 letter is now available. In the letter, Todd discusses a number of holdings, how interest rates affect stock valuations, two sell decisions, and the potential impact from autonomous vehicles (AVs). kna-capital.com/research/kna-c…
Todd recently appeared on @AndrewRangeley's @YetAnotherValue podcast to discuss KNA's holding in Ecolab $ECL. You can listen to the discussion wherever you get your podcasts or through the link below. kna-capital.com/research/todd-…