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Future Century Investments · The 2026 Buy List
Twenty-five businesses, held with conviction, measured against the world.
A concentrated portfolio of quality compounders — durable moats, high returns on capital, long reinvestment runways. The list changes rarely, and every change is written up. Benchmarked against the MSCI World.
The Buy List
The full list, in alphabetical order. Prices and year-to-date returns are updated monthly from the data file.
| # | Company | Ticker | Sector | Price | YTD |
|---|---|---|---|---|---|
| 01 | Alphabet | GOOGL | Communication Services | — | — |
| 02 | Amazon | AMZN | Consumer Discretionary | — | — |
| 03 | ASML | ASML | Semiconductors | — | — |
| 04 | Atlas Copco | ATCO A | Industrials | — | — |
| 05 | Berkshire Hathaway | BRK.B | Diversified Holdings | — | — |
| 06 | Cellnex Telecom | CLNX | Telecom Infrastructure | — | — |
| 07 | Constellation Software | CSU | Software | — | — |
| 08 | Fair Isaac | FICO | Data & Analytics | — | — |
| 09 | Fortinet | FTNT | Cybersecurity | — | — |
| 10 | London Stock Exchange Group | LSEG | Exchanges & Data | — | — |
| 11 | L'Oréal | OR | Consumer Staples | — | — |
| 12 | MercadoLibre | MELI | E-commerce & Fintech | — | — |
| 13 | Meta Platforms | META | Communication Services | — | — |
| 14 | Microsoft | MSFT | Software & Cloud | — | — |
| 15 | MSCI | MSCI | Index & Analytics | — | — |
| 16 | Novo Nordisk | NVO | Healthcare | — | — |
| 17 | Nu Holdings | NU | Digital Banking | — | — |
| 18 | Philip Morris International | PM | Consumer Staples | — | — |
| 19 | S&P Global | SPGI | Ratings & Data | — | — |
| 20 | Stryker | SYK | Medical Devices | — | — |
| 21 | TSMC | TSM | Semiconductors | — | — |
| 22 | Topicus.com | TOI | Software | — | — |
| 23 | Unilever | UL | Consumer Staples | — | — |
| 24 | Visa | V | Payments | — | — |
| 25 | Zoetis | ZTS | Animal Health | — | — |
Performance vs MSCI World
Total return in USD. This is a paper record of the list itself, not a managed fund. Figures publish after each full reporting period.
| Period | Buy List | MSCI World | Review |
|---|---|---|---|
| 2026 YTD | — | — | Mid-year review |
| Since inception | — | — |
Research Notes
Company deep-dives, thematic work and portfolio reviews. One idea per note, with the numbers shown.
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About
FCInvest.net is written by Matthew Esterhuizen, CFA — a Chartered Financial Analyst with two decades across South African and international markets, covering equity research, portfolio construction and offshore investing.
The Buy List is the distillation of that work: a small number of exceptional businesses, bought at sensible prices, held for years and measured honestly against the benchmark.
- Quality first: moats, returns on capital, reinvestment runway.
- Concentration with discipline: 25 names, changed rarely.
- Benchmarked honestly: every period reported, good or bad.
- Written down: every addition and removal gets a note.