Bonafide Quarterly Webinar Q1 2023

In this quarterly update, our experts talk about the performance, sector news, company fundamentals and the potential of land-based aquaculture.

In brief:
UN delegates reached an historic agreement on protecting marine biodiversity in international waters while China joined as net importer in the Fish & Seafood sector. "Higher for longer" - this is the current topic when it comes to salmon prices. Lack of supply and high demand are leading to new price levels. From a fundamental point of view, all top holdings from 2019 have created value, share prices are currently lagging behind. And finally, land-based systems offer potential for the future, the "proof of concept" is currently still missing.

Targeted investments in aquaculture herald a future that offers greater food security, higher incomes for fishermen, and healthy proteins for millions of people.

Webinar topics

  • Overview & news from the sector [01:15]
  • Key figures & fund performance [05:45]
  • Overview of the last three years [11:47]
  • Fundamental development of the companies [15:54]
  • Update on the resource tax in Norway [26:27]
  • Insight into land-based aquaculture [29:57]
  • Synthesis [40:49]

Quarterly update March 2023

Slide desk quarterly webinar March 2023

Previous Insights

July 14, 2026

Bonafide Quarterly-Update Q2 2026

Diversification in concentrated markets: The Bonafide Global Fish Fund remains positive in 2026, supported by structural growth, attractive valuations and low correlation to global equity indices. Our latest quarterly update covers performance, portfolio opportunities and the protein supercycle.

April 13, 2026

Bonafide Quarterly-Update Q1 2026

Q1 2026 highlights the resilience of focused exposure to the Fish & Seafood sector. The Bonafide Global Fish Fund delivered +3.69% (EUR), significantly outperforming both global equities and the broader food sector. Performance was driven by strong fundamentals, attractive valuations and structural growth across the value chain, reinforcing the long-term investment case for the Blue Revolution.

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