Amphenol Corporation (APH)

Has long, long owned this. Is fairly valued now. It faces some margin challenge though it has 45% exposure to data centres and defence, But the valuation is running up. Price target is $170, but he needs to see revenue growth accelerate.

In tech sector. Sounds high tech, but it's so boring. They make cables, things that go "beep", translating real-world situations like an engine overheating to a usable signal. From aerospace to even organizers. Rollup strategy of about 140 little businesses in growing areas. Yield is 0.78%.

Very good fundamentals. Has owned this 10 years. Great since August. A hold for the long term. His return is 41%, though the valuation is now high.

The PE is in the high-30s. Don't chase it. If you own, hold it.

Electronic equipment and sensors. Aerospace, data centres. Valuation isn't perfect, and it's certainly run up quite a bit. This company has beat the "fade" (when revenue and ROC drop off) for a very long time and doesn't see that changing. He's willing to pay up for a company of this quality. Yield is 0.61%.

The AI play no one talks about it, because they think it's a boring industrial. But you can't build data centres without connectors, and APH is the top connector. Q1 earnings were +48% YOY. This has run up, so buy at high-$80s. If trading, sell at $81.50, or $71-72 if you're a long-term trading. APH affirmed guidance. Demand will likely remain strong.

He's owned this since inception. It benefits from AI tailwinds, and boasts 2% revenue growth.

It's more acquisitive and trades at a higher PE than TE.