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The portfolio's return was 5.34% (net) for the reporting period. Top contributors were Jenoptik, Hamamatsu Photonics, and oOh!media. Top detractors were Valmet, Lanxess, and Adecco.

LANXESS Aktiengesellschaft ETR: LXS reported stronger sales and earnings in the second quarter of 2026 than in the first quarter, supported by improved volumes, pricing and demand effects linked to the Middle East conflict, Chief Executive Officer Matthias Zachert said during the company's quarterly press conference.