Sofina jumps as strong NAV growth, SpaceX holding disclosure boost investor confidence

Sofina SA

03/09/2026 09:03

** Shares in Sofina SOF.BR are up 3.1% after the company published "strong" H1 2026 net asset value and unveiled its top private fund holdings
** The Belgian investment holding company reported a net asset value for H1 climbing 6.4% to €11.5 billion ($13.3 billion)
** KBC Securities says the gain is driven primarily by Sofina's private funds portfolio, which jumped roughly 22% to €6.0 billion, reflecting strong performance in venture and growth partnerships
** The broker notes that Sofina's first-time disclosure of its top-10 underlying private funds holdings — including SpaceX, Anthropic, OpenAI, Databricks and Stripe — "materially improves transparency into high-conviction positions"
** It names SpaceX the largest position within Sofina's Private Fund portfolio
** With shares trading at roughly a 25% discount to net asset value, KBC Securities maintains its "buy" rating and €315 price target
** Including today's gains, the stock is up 0.4% year-to-date


($1 = 0.8619 euros)

 (Reporting by Clement Martinot)
 ((Clement.Martinot@thomsonreuters.com;))