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Hi Noel,  
Good to see you here!   
If the meaning of overvalue is on the extreme side, we would consider selling it away and realised the profit. From our experience, market may be irrational for awhile, but definitely not forever. So you can take advantage of the irrationality. For instance, Super Group was one of the examples which we’ve sold at more than 35 times earnings and today, the share price had corrected substantially. On the other hand, if a really good company (with strong economic moat and growth) that can continue to grow its intrinsical value and trade at slight overvaluation, then we would rather hold it. Good ideas are not easy to find :)