Own capital, invested with a conscience.
Ethicore Capital invests its own funds for the long term in businesses we are proud to own. We believe returns and responsibility are not a trade-off, and that patience is the most underrated edge in investing.
Quality first. Everything else follows.
Ethicore Capital, UAB is a privately held investment company incorporated in Lithuania. We do not raise money from others and we do not manage money for others. That freedom lets us hold what we believe in for as long as it deserves to be held.
We look for enduring businesses: honest with customers, careful with the environment, fair to the people who work in them and run by managers who think like owners. Companies like that tend to be good investments too.
Three ideas we keep coming back to.
Our portfolio is globally diversified across public equities, fixed income and a small number of private holdings. Wherever the capital sits, the same three ideas guide it.
Own good businesses
Durable products, sensible balance sheets, reinvestment that makes sense and leadership that treats shareholders as partners. We would rather own fewer of these for longer than trade many.
Diversify humbly
Nobody knows which region, sector or year will lead. A broad, low-cost core across the world's markets protects us from our own overconfidence.
Let time do the work
Compounding rewards those who can wait. We plan in decades, keep enough liquidity to never be a forced seller and treat volatility as the price of admission, not a reason to leave.
Healthcare & longevity
Better, longer lives through medicine, devices and care.
Energy transition
Grids, efficiency and the infrastructure of a cleaner economy.
Technology that serves
Software and AI that make work safer, faster and more human.
Everyday essentials
Trusted brands and services people return to for decades.
Financial resilience
Well-run financial institutions and inclusive payments.
Circular economy
Businesses that waste less and repair, reuse and recycle more.
What we hold ourselves to.
Principles are cheap to write and expensive to keep. These are the ones we are prepared to pay for.
"We want to own businesses our grandchildren would thank us for keeping."
Ethicore CapitalLong-term ownership
We invest with a multi-year horizon and measure ourselves over full cycles, not calendar quarters.
Responsible selection
We avoid businesses whose profits depend on harm to customers, workers or the environment.
Transparency and simplicity
Instruments we understand, costs we can justify and structures we could explain to anyone.
Discipline on price
Admiring a business is not the same as buying it. We wait for valuations that leave room to be wrong.
Stewardship
Where we hold a voice, we use it to support good governance and long-term thinking.
Community
We are rooted in Lithuania and support initiatives in education and the environment close to home.
Registered in Lithuania, invested worldwide.
Ethicore Capital, UAB is a Lithuanian private limited company operating as an investment and holding entity. It does not provide investment, advisory or brokerage services to the public.
- Legal name
- Ethicore Capital, UAB
- Company code
- 306646116
- Incorporated
- 18 December 2023
- Registered office
- Ežero skg. 13, LT-87355 Telšiai, Lithuania
- Register
- Register of Legal Entities of the Republic of Lithuania
- Activity
- Investment holding; management of proprietary financial assets
Correspondence
For corporate, legal or counterparty matters, write to us. We do not respond to unsolicited investment proposals or requests for asset management.
info@ethicorecapital.comEthicore Capital, UAB · Ežero skg. 13, LT-87355 Telšiai, Lithuania