Bonafide Quarterly-Update Q1 2026

In the first quarter of 2026, our strategy demonstrated strong resilience in a demanding market environment. Geopolitical tensions, rising energy prices and macroeconomic uncertainty shaped global markets, while quality once again became a key differentiator for investors.

The Bonafide Global Fish Fund delivered a performance of +3.69% (EUR) in Q1, clearly outperforming both the global equity market (-1.7%) and the broader food sector (+1.3%). This highlights the strength of companies with robust cash flows, solid balance sheets and leading market positions.

At the same time, the structural drivers of the “Blue Revolution” remain firmly intact: rising global demand for high-quality protein, accelerating consumption in Asia, and attractive sector valuations continue to support long-term value creation.

What you can expect in this quarterly update:

  • Comprehensive overview of fund performance
  • Insights into portfolio positioning and market outlook
  • Analysis of key growth drivers across the Fish & Seafood value chain
  • Deep dive: China’s increasing demand for premium seafood

Quarterly update March 2026

Previous Insights

October 13, 2026

Bonafide Quarterly Update Q3 2026

Stock selection and operational recovery: The Bonafide Global Fish Fund returned +6.34% in EUR in Q3 2026, taking its year-to-date gain to +9.04%. The Quarterly Update examines the recovery in Norwegian salmon producers, recent portfolio decisions and the value potential of AKVA Group. The Deep Dive explores the balance between more affordable salmon and rising feed costs.

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.

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