Holdco NAV / Discount Tracker
Holding companies vs their look-through net asset value — Σ(listed stakes) + private assets − net debt, against the holdco's own price. The discount is the whole game; 'stretched' flags a discount unusually wide vs its own recent history (z ≤ −1). Same idea as the CEF Discount Hunter. Decision-support, not advice.
- Exor →EXO.ASNAV €148.7 · price €67.1 · 78% mark-to-marketvs own history: 4ᵗʰ pctile · z -1.0 (1y) · -1.6 (3y)-54.9%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €32.7B · net cash €3.0B · other €6.5B
- SoftBank Group →9984.TNAV ¥12536.95 · price ¥5963 · 68% mark-to-marketvs own history: 69ᵗʰ pctile · z -0.9 (1y) · +0.4 (3y)-52.4%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV ¥71460.6B · net debt ¥11380.0B · other ¥26220.0B
- Wendel →MF.PANAV €161.81 · price €82 · 31% mark-to-marketvs own history: 20ᵗʰ pctile · z -0.3 (1y) · -1.0 (3y)-49.3%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €6.5B · net debt €590M · other €4.9B
- Bolloré SE →BOL.PANAV €7.61 · price €4.06 · 85% mark-to-marketvs own history: 9ᵗʰ pctile · z -0.9 (1y) · -1.0 (3y)-46.7%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €10.7B · net cash €1.4B · other €1.4B
- Vivendi SE →VIV.PANAV €3.94 · price €2.17 · 92% mark-to-marketvs own history: 38ᵗʰ pctile · z -0.2 (1y) · -0.9 (3y)-44.9%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €3.9B · net debt €1.8B · other €450M
- Naspers →NPN.JONAV ZAR 1392.85 · price ZAR 816.98 · 98% mark-to-marketvs own history: 43ᵗʰ pctile · z +0.4 (1y) · -0.2 (3y)-41.3%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV ZAR 1051.3B · net debt ZAR 1.6B · other ZAR 19.8B
- NAV €58.51 · price €37.63 · 80% mark-to-marketvs own history: 41ᵗʰ pctile · z -1.0 (1y) · -0.4 (3y)-35.7%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €141.6B · net cash €9.0B · other €26.0B
- NAV $70.44 · price $49.36 · 90% mark-to-marketvs own history: 17ᵗʰ pctile · z -1.3 (1y) · -1.1 (3y)-29.9%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV $12.3B · net debt $3.6B · other $1.6B
- Groupe Bruxelles Lambert →GBLB.BRNAV €112.11 · price €79.7 · 46% mark-to-marketvs own history: 85ᵗʰ pctile · z +0.3 (1y) · +1.4 (3y)-28.9%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €16.6B · net cash €0M · other €9.0B
- Porsche SE →PAH3.DENAV €37.02 · price €26.97 · 100% mark-to-marketvs own history: 97ᵗʰ pctile · z +1.3 (1y) · +1.3 (3y)-27.2%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV €11.3B · net debt €5.1B · other €0M
- NAV CAD 113.13 · price CAD 86.5 · 93% mark-to-marketvs own history: 65ᵗʰ pctile · z -1.5 (1y) · +0.6 (3y)-23.5%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV CAD 71.5B · net debt CAD 4.3B · other CAD 5.0B
- Liberty Broadband →LBRDKNAV $43.23 · price $33.74 · 86% mark-to-marketvs own history: 97ᵗʰ pctile · z +1.6 (1y) · +1.5 (3y)-22.0%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV $6.2B · net debt $1.5B · other $1.1B
- L E Lundbergföretagen →LUND-B.STNAV kr670.48 · price kr558.5 · 80% mark-to-marketvs own history: 65ᵗʰ pctile · z +1.8 (1y) · +0.1 (3y)-16.7%discount to NAVDiscount history (1yr)📈 Discount chart →look-through NAV kr166.3B · net cash kr0M · other kr33.4B
- Investor AB →INVE-B.STNAV kr396.35 · price kr402.4 · 79% mark-to-marketvs own history: 100ᵗʰ pctile · z +2.3 (1y) · +2.0 (3y)+1.5%premium to NAVDiscount history (1yr)📈 Discount chart →look-through NAV kr1215.1B · net debt kr13.9B · other kr256.4B
- Industrivärden →INDU-C.STNAV kr509.86 · price kr526.6 · 100% mark-to-marketvs own history: 100ᵗʰ pctile · z +2.3 (1y) · +3.0 (3y)+3.3%premium to NAVDiscount history (1yr)📈 Discount chart →look-through NAV kr220.2B · net debt kr1.9B · other kr482M
- NAV $4.65 · price $7.2 · 30% mark-to-marketvs own history: 13ᵗʰ pctile · z -0.6 (1y) · -1.2 (3y)+54.9%premium to NAVDiscount history (1yr)📈 Discount chart →look-through NAV $3.0B · net debt $3.8B · other $4.8B
- Daily Journal →DJCONAV $310.36 · price $595.63 · 50% mark-to-marketvs own history: 91ᵗʰ pctile · z +1.8 (1y) · +1.7 (3y)+91.9%premium to NAVDiscount history (1yr)📈 Discount chart →look-through NAV $428M · net debt $93M · other $260M
Stake prices + FX fetched live; the discount history rebuilds each stake's price with current FX held constant. Net debt, private/other NAV, share counts and stake weights are SEED ESTIMATES (as of each holdco's noted date) and should be verified against the company's published NAV statement before trading — they're a clearly-editable table in lib/holdco.ts. "% mark-to-market" = how much of NAV is live listed value vs static private/cash. As of 2026-06-30.