Alluvium Adjusts Position in Ryanair Amid Share Price Volatility
In its Q2 2026 investor letter, the Conventum – Alluvium Global Fund detailed adjustments to its position in Ryanair Holdings plc (NASDAQ:RYAAY). The fund initially increased exposure during a period of weakness but later trimmed holdings after the stock rebounded. Despite broader market gains led by semiconductor companies, the fund posted declines across multiple currencies due to underperformance from certain sectors like cable and healthcare. Ryanair's share price closed at $51.95 on September 15, down 5.18% over a month and nearly 10% in the past year. The stock has traded between $51.68 and $74.24 within its 52-week range. Alluvium's position now accounts for 9.9% of the fund after trimming following Ryanair’s rebound. The letter also noted that while Ryanair is not among hedge funds' top picks, it remains a significant holding in some portfolios.
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Topics: Alluvium Asset Management fund management Ryanair stock performance