What Makes Amphenol (APH) a Quality Compounder?

Group 1: Investment Performance - Qualivian Investment Partners outperformed the iShares MSCI USA Quality Factor ETF by 69.2% and 61.3% on a gross and net basis since inception through September 30, 2025 [1] - The fund exceeded the S&P 500 by 32.7% and 26.1% respectively, on a gross and net basis [1] Group 2: Company Overview - Amphenol Corporation - Amphenol Corporation designs and manufactures electrical, electronic, and fiber optic connectors [2] - The one-month return of Amphenol Corporation was -1.94%, while its shares gained 88.58% over the last 52 weeks [2] - As of December 22, 2025, Amphenol's stock closed at $135.14 per share, with a market capitalization of $165.419 billion [2] Group 3: Competitive Positioning - Amphenol Corporation is described as an industrial giant with a competitive moat due to its low-cost, mission-critical components, leading to high customer switching costs and pricing power [3] - The company is recognized as a proven compounder, increasing profit margins while expanding market share through organic growth and disciplined mergers and acquisitions [3] Group 4: Market Sentiment and Sales Performance - Amphenol Corporation was held by 89 hedge fund portfolios at the end of Q3 2025, an increase from 81 in the previous quarter [4] - The company's third-quarter sales increased by 53% in US dollars and 52% in local currencies, reaching $6.194 billion [4]