Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
Buyside Digest is not affiliated with, and does not endorse, Munro Global Growth Fund. This analysis is provided for institutional research purposes only and is not investment advice.
"As strong gains from structural long positions like Alphabet and Ciena were offset by currency and short-side detractors."
For the December 2025 quarter, the Munro Global Growth Fund returned -0.7% net, with long positions contributing positively while short positions, options, and currency hedging detracted. Global markets remained solid with the S&P 500 up 2.4% and Nikkei gaining 12.0%. Key contributors included Alphabet (due to Gemini 3 and TPU integration) and Ciena (benefiting from optical networking demand to link distributed data centers). Key detractors included Oracle, Coreweave, and Rheinmetall. The Fund maintains a constructive outlook for 2026, driven by robust AI capital expenditure, prospective rate cuts, and accelerating earnings growth.
Sign in or create a free account to unlock full commentary, extracted equity pitches, and direct outbound manager source links with your 3 quarterly credits.
Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon