TRACK RECORD
Performance built on patience, discipline, and conviction.
Since inception, Ataş Capital has pursued a concentrated, long-term approach to capital allocation. The tables below show our composite portfolio performance against the MSCI ACWI Index, net of all costs. We measure ourselves not by quarterly fluctuations, but by the long-term compounding of intrinsic value.
Performance vs. MSCI ACWI
| Ataş Capital | MSCI ACWI | Delta | |
|---|---|---|---|
| Year to date | +19.5 | +12.2 | +7.3 |
| 1 Year | +17.8 | +30.3 | -12.5 |
| 3 Years | — | — | — |
| 5 Years | — | — | — |
| Since inception (ann.) | +32.1 | +21.8 | +10.3 |
| Ataş Capital | MSCI ACWI | Delta | |
|---|---|---|---|
| 2024 | +24.3 | +17.5 | +6.8 |
| 2025 | +31.8 | +22.3 | +9.5 |
| 2026 YTD | +19.5 | +12.2 | +7.3 |
| Cumulative Since Inception | +95.8 | +61.2 | +34.6 |
Returns are time-weighted, net of all transaction costs, and reflect the composite portfolio since inception on 1 January 2024. The benchmark is the MSCI ACWI Index (net total return, in USD). Figures are unaudited. Individual results may vary with the timing of contributions. Past performance is not indicative of future results; all investments involve risk, including possible loss of principal.
Portfolio Approach
Investment Universe
We research businesses the market has not yet recognized — companies with enduring earning power and long-term growth potential, across Turkish and global markets.
BIST Market
Under-followed and structurally inefficient, the BIST is one of the richest sources of alpha for the patient, independent-minded investor.
International Markets
Selective investment in high-quality global businesses with strong growth potential, where price offers a margin of safety relative to intrinsic value.
Next-Generation Businesses
Drawing on our experience as an operator, we seek to understand next-generation businesses in emerging fields like e-commerce, software, and technology — where value is not yet reflected in the price.