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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q1 | May 9, 2024 | Polen Capital – U.S. SMID Company Growth | 8.8% | -1.3% | BMBL, CNM, CWA, DAVA, ETSY, EXLS, GLOB, GNRC, HLI, MKTX, PGNY, RVLV, SITM, TECH, TREX, WING, YETI | consumer, growth, Quality, Restaurants, SMID Cap, technology, Water Infrastructure | Polen emphasizes investing in high-quality businesses with robust free cash flow, persistent growth, and high returns on capital. They consistently aim to own companies that are undervalued relative to their long-term compounding potential and favor businesses with robust balance sheets and the ability to reinvest in any environment. | View | |
| 2024 Q1 | May 9, 2024 | Polen Capital – U.S. Small Company Growth | 7.4% | -0.9% | AMN, APPF, BMBL, CNM, CWAN, ENDV, EXLS, GLOB, GNRC, HLI, PGNY, SITM, WING | growth, momentum, Quality, small caps, technology, value | Polen emphasizes their focus on high-quality growth companies with robust free cash flow, persistent growth, and high returns on capital. They use their Flywheel framework to assess quality that supports sustainable growth, comprised of unique positioning, repeatable sales process, robust business model, effective management, and value-creating reinvestment. | View | |
| 2024 Q1 | Apr 15, 2024 | TimesSquare Capital Management U.S. Small/Mid Cap Growth Strategy | 5.9% | 5.9% | ASND, ATRC, BJ, BMBL, FIVE, FND, FRPT, GLBE, HQY, IAC, IAS, KRYS, MAX, MTDR, MTZ, NVDA, RAPT, SN, SWKS, VC, WHD | consumer, energy, growth, healthcare, industrials, small caps, technology | GenAI fever remained a market focus with NVIDIA's 82% gain driving returns. Corporate spending and equity markets remained uninterested in anything else beyond cybersecurity and GenAI. Capital expenditures for technology infrastructure should continue through 2024, with a gradual shift toward preparing corporate data for GenAI applications including data warehousing, real time streaming, cybersecurity, and search. | View | |
| 2023 Q1 | Mar 31, 2025 | Minotaur Global Opportunities Fund | - | - | BMBL, F, IPX.AX, MDB, RHM.DE, TSLA, WTC.AX, Z | AI, defense, Europe, Onshoring, Shorts, technology, volatility | The fund uses AI technology called Taurient to combat confirmation bias and improve selling decisions. AI helps validate or invalidate investment theses through automated reports, enabling quicker reactions when positions no longer have merit. The technology has guided successful exits from MongoDB and Zillow positions. | RHM.DE IPX.AX |
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| 2025 Q1 | Mar 31, 2025 | Minotaur Global Opportunities Fund | - | - | ATI, BMBL, CRS, F, HWM, IPX.AX, MDB, RHM.DE, TSLA, WTC.AX, Z | AI, China, defense, Europe, Shorting, Trump, volatility | The fund uses AI through their Taurient system to combat confirmation bias and improve selling decisions. AI helps generate Thesis Validation/Invalidation Reports for every stock position, enabling quick reactions when investment theses are challenged. This AI superpower has guided successful exits from MongoDB and Zillow short positions. | RHM.DE IPX.AX |
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| 2022 Q3 | Oct 26, 2022 | Polen Capital – U.S. SMID Company Growth | 8.8% | -1.3% | BMBL, DT, EEFT, GSHD, PAYC, TTD, WING, YETI | - | View | ||
| 2024 Q3 | Oct 15, 2024 | Tidefall Capital Management | 13.2% | 21.1% | BMBL, MTCH | Dating Apps, Network Effects, small cap, Social Media, technology, value | Dating apps represent a stable oligopoly with strong network effects that prevent new entrants from gaining scale. Despite temporary headwinds from society moving back to in-person settings, dating apps remain the dominant way relationships are formed, particularly as workplace romances become taboo and Gen Z spends more time online. | BMBL |
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| 2024 Q2 | Jul 24, 2024 | Polen Capital – Global SMID Company Growth | 7.4% | -2.4% | 0700.HK, 4480.T, ALIT, BMBL, CWAN, DATA.L, DLO, FIVE, MPWR, PAYC, PGNY, PME.AX, RVLV, TECH | AI, global, healthcare, quality growth, semiconductors, SMID Cap, technology, volatility | The letter discusses AI beneficiaries experiencing considerable hype and crowding, with Monolithic Power Systems specifically benefiting from AI-driven cloud-based CPU server applications in its enterprise data segment. The company saw compelling fundamentals largely due to growth in enterprise data driven by AI applications. | 4480.T DATA.L ALIT PGNY DLO MPWR PME.AX TME |
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| 2023 Q4 | Feb 16, 2024 | Polen Capital – Global SMID Company Growth | 7.4% | -2.4% | 3697.T, AZPN, BMBL, CCCS, DLO, ETSY, EVD.DE, FIVE, FOXF, GNRC, MEDP, MKTX, MPWR, PAYC, POOL, TECH, TME, WRBY, XPEL, YUMC | consumer, global, growth, Quality, SMID Cap, software, technology | Five Below recovered from Q3 weakness with 14% year-on-year revenue growth and raised guidance. The discount retailer continues to outperform peers and benefits from consumers looking to stretch their dollar further in a challenging macro backdrop. | CCCS PAYC XPEL EVD.DE 3697.T FIVE |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| May 7, 2026 | Substack | Modern Value Investing | Bumble Inc. | Technology | Interactive Media & Services | Bull | Nasdaq Stock Market | AI-driven features, alternative billing, ARPPU, deleveraging, EBITDA margin, organic marketing, quality reset, Refinancing, Technology Stack, User Experience | View Pitch |
| Apr 13, 2026 | Fund Letters | Tidefall Capital Management | Bumble Inc. | Communication Services | Interactive Media & Services | Bull | NASDAQ | contrarian, cost-cutting, Dating Apps, network effects, Online Dating, share repurchases, social media, turnaround, Value | View Pitch |
| Apr 13, 2026 | Substack | Modern Value Investing | Bumble Inc. | Communication Services | Interactive Media & Services | Bull | Nasdaq Stock Market | adjusted EBITDA, Bumble, dating app, financial performance, Free Cash Flow, growth potential, investment opportunity, margin expansion, market niche, valuation | View Pitch |
| Jan 22, 2026 | Substack | Modern Value Investing | Bumble Inc. | Communication Services | Interactive Media & Services | Neutral | NASDAQ Stock Market | brand recognition, Bumble, competitive pressures, Consumer Preferences, market conditions, monetization, Online Dating, social networking, user engagement, user safety | View Pitch |
| Nov 25, 2025 | Substack | Modern Value Investing | Bumble Inc. | Communication Services | Internet Content & Information | Bull | AI-driven personalization, Bumble, EBITDA margins, market valuation, Online Dating, quality over quantity, Strategic Transformation, user attrition, verified identities, Whitney Wolfe Herd | View Pitch | |
| Oct 15, 2025 | Value Investors Club | ma1ibuman | Bumble Inc. | Communication Services | Interactive Media & Services | Bear | NYSE | AI disruption, behavioral churn, CHGG analog, flawed turnaround, founder return, generative AI, Online Dating, secular decline, social apps, user imbalance | View Pitch |
| Oct 6, 2025 | Value Investors Club | ma1ibuman | Bumble Inc | Communication Services | Interactive Media & Services | — | NASDAQ | online dating, turnaround risk, AI disruption, CHGG comp, OnlyFans, Hinge, Grindr, short thesis | View Pitch |
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||