The book
DaVinci Capitals S.r.l. holds equity stakes in operating companies and a portfolio of listed securities, all of it with its own capital. It is not a fund: it raises no money from third parties, manages no money for anyone else and works to no fixed exit date.
Where the money goes, and why it goes there.
35.55% of Cognitive AI S.r.l., held alongside PM & Partners, which owns the majority. Cognitive plans, activates and optimises digital advertising for media agencies and for brands directly, on its own cookieless persistent identifier rather than on somebody else's platform.
It is the business the group built from nothing in 2019, and the reason we know this industry from the inside rather than from a pitch deck.
A portfolio of listed European companies, held as a long-term financial investment and managed directly, with no fund and no third-party money involved.
We work on it with our own tools. We contributed to the development of StockPickers.app, the project started by Filippo De Pretto that combines artificial intelligence with quantitative models to analyse thousands of listed companies, and we run a version of it customised for DaVinci Capitals, called T.I.N.O., for Treasury Intelligence & Neural Orchestration.
We invest alongside other investors in club deals and private equity transactions in European companies, among them Twinset, the Italian fashion brand.
Minority positions, taken on the same terms as everyone else at the table, in businesses we can understand from the inside and next to partners we already know.
Percentages of share capital. Everything below is on the public register.
Milan · advertising technology
Largest minority shareholder alongside PM & Partners, which holds the majority. Board seat, and the chief executive officer of the company is our own director.
European markets · own account
A portfolio of listed European companies, held as a long-term financial investment and managed directly with our own analysis tools.
Italy · fashion
Minority position taken in a club deal, alongside other investors we already knew.