Apiam Animal Health (ASX:AHX) is a production animal health business that OC holds in the Emerging Leaders section of its OC Dynamic Equity portfolio following its IPO in mid-December. AHX is a vertically integrated business providing a range of products and services to support the health and wellbeing of production animals (i.e. beef and dairy cattle, sheep, poultry and pigs). AHX has strong presence on Australia’s east coast, an outstanding management team and solid growth prospects, which we expect will lead the company to outperform over the medium to long term. During the month, we also met with management of another Emerging Leaders holding, National Veterinary Care (ASX:NVL), and visited their head office and training facility in Brisbane. AHX and NVL are great examples of the stocks we look to hold in the Emerging Leaders section of the portfolio. The stocks have a relatively small market capitalisation (around $100m), have sound management and a growth strategy capable of seeing them become much larger businesses in the future. (VIEW LINK)