BRZE

BRZE

BRZE

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Sep 21, 2025	Meditation Capital	-	-	BRZE, FLYW, GOOGL, GTLB, MA, MNDY, MSFT	AI, payments, Quality, software, valuation	Manager bought positions in Monday.com and GitLab at 5x sales after they fell from 11x peaks, and added to Braze at 3x sales. Views these as quality software companies trading at attractive valuations despite AI concerns. GitLab's strategic position is strengthening as more AI-generated code needs DevOps management.	FLYW GTLB MNDY FLYW BRZE GTLB MNDY	View
2023 Q1	Apr 30, 2023	Jacob Fund	-	-	BRZE, TRUE	growth, Internet, Marketing Technology, small caps, technology	The fund added positions in marketing technology companies that enable customer engagement and automotive lead generation platforms, reflecting opportunities in digital commerce infrastructure as companies prioritize first-party data strategies.	TRUE BRZE	View
2023 Q4	Dec 31, 2023	NCG Small Cap Growth Strategy	4.8%	14.8%	BRZE, CSTL, CWAN, DAVA, FLYW, GWRE, KNSL, LGIH, MEDP, NTRA, SILK, TMDX, TNDM, VRRM	Biotechnology, Fed Pivot, growth, healthcare, market breadth, small caps	Small cap stocks underperformed large caps heading into the fourth quarter, with the Russell Microcap Growth Index down about 5% through Q3. However, market breadth broadened in November and December following the Fed pivot, with the Russell Microcap Growth Index returning 13.68% versus 4.42% for large caps. The rally was primarily led by low quality stocks and sectors most impacted by the Fed's restrictive stance.	CSTL TNDM ASIC\|CWAN\|INSP\|KRMN\|KTOS\|MAC\|MEG\|RH\|WYNN NTRA ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM ACGL\|APH\|COO\|CSGP\|DKNG\|GWRE\|IDXX\|IOT\|IT\|LPLA\|MSCI\|MTD\|PCOR\|ROP\|TECH\|VRSK BRZE MEDP	View
2023 Q4	Dec 31, 2023	NCG SMID Cap Growth Strategy	4.8%	15.5%	BRZE, CSTL, CWAN, DAVA, DXCM, FLYW, GWRE, KNSL, LGIH, MEDP, NTRA, SILD, TMDX, TNDM, VRRM, VRT	Biotech, growth, healthcare, Medical Devices, small caps, technology	Healthcare holdings drove much of the underperformance across strategies due to investor perception that GLP-1 drugs will reduce medical interventions. Many healthcare companies began recovering in Q4 and the firm believes in long-term growth fundamentals. The firm continues direct research to inform investment decisions in this space.	DXCM MELI\|NFLX\|ORCL\|TCOM\|VRTX\|YUMC CSTL TNDM ASIC\|CWAN\|INSP\|KRMN\|KTOS\|MAC\|MEG\|RH\|WYNN NTRA ARGX BB\|DAVA\|DDOG\|GLOB\|ILMN\|LOAR\|MELI\|NET\|NU\|NVDA\|TSM ACGL\|APH\|COO\|CSGP\|DKNG\|GWRE\|IDXX\|IOT\|IT\|LPLA\|MSCI\|MTD\|PCOR\|ROP\|TECH\|VRSK BRZE MEDP	View
2023 Q4	Dec 31, 2023	Bailard Technology Strategy	20.0%	68.2%	AAPL, ADBE, AMZN, BRZE, CDNS, GOOGL, INSG, KLAC, LRCX, META, MSFT, MU, NVDA, PSTG, QCOM, TXN, UBER, VRNS, ZI	AI, growth, semiconductors, software, technology	Generative AI emerged as a transformational technology with ChatGPT demonstrating broad potential through Large Language Models. This ignited a technology arms race with spending on AI-related high-performance compute squeezing out traditional enterprise hardware spending. The deployment and uptake of AI-enabled applications should be compelling in 2024 with tangible solutions emerging across cybersecurity, IT services, and other industries.		View
2024 Q3	Oct 11, 2024	GROW Funds	-	-	AAPL, ADBE, AGX, AMZN, BRZE, CRM, DUK, GOOGL, KVYO, META, MSFT, NVDA, ORCL, TSLA, VST, ZETA	Advertising, AI, growth, Natural Gas, small caps, technology, value	AI is driving power demand for data centers, creating opportunities for companies like Argan that build natural gas power plants. Microsoft and Meta are building new AI data centers that consume extreme amounts of power which the current grid capacity cannot support.	AGX ZETA AGX ZETA	View
2024 Q3	Oct 1, 2024	Minion Capital	0.0%	0.0%	BRZE, CRM, GOOGL, KO, PEP, TEAM	AI, dislocations, growth, Options, SaaS, technology, value	Manager invested in SaaS companies during the June Salesforce crash, viewing quality businesses as trading at both absolute and relative discounts. Positioned in Atlassian, Braze, and a small cap vertical market SaaS company, believing the SaaS is dead crowd was becoming too loud.		View
2024 Q4	Jan 3, 2025	Ghosh Capital	11.4%	-	ADBE, AMD, ASML, BRZE, CRWD, CSU.TO, GOOGL, HOOD, KPG.AX, KSI.TO, MELI, MU, NVDA, SPGI, TEAM, V, WDAY	AI, Cloud, compounders, Concentration, growth, semiconductors, technology, value	Manager discusses AI as a key investment theme, highlighting Alphabet's decades of AI research leadership and Sergey's return to work on AI. Notes that AI-enabled search over Jira and Confluence represents perfect GenAI use cases for B2B settings. Views Adobe's video generation capabilities and AI tooling as underappreciated by the market.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 28, 2026	Fund Letters	NCG Small Cap Growth Strategy	Braze	Information Technology	Application Software	Bull	NASDAQ	Cross-Channel, Customer Engagement, high margins, market disruption, Marketing Technology, platform, Real Time, SaaS	View Pitch
Apr 28, 2026	Fund Letters	NCG SMID Cap Growth Strategy	Braze	Information Technology	Application Software	Bull	NASDAQ	Cross-Channel, Customer Engagement, high margins, market disruption, Marketing Technology, platform, Real Time, SaaS	View Pitch
Apr 27, 2026	Fund Letters	Jacob Fund	Braze Inc	Software & Services	Application Software	Bull	NASDAQ	Customer Engagement, First Party Data, Marketing Technology, Mobile-Friendly, Real-Time Messaging, SaaS, System Integrators	View Pitch
Feb 18, 2026	Substack	Alpha Seeker 84	Braze, Inc.	Technology	Customer Engagement Software	Bull	NASDAQ Stock Market	AI automation, Customer Engagement, Market expansion, net retention rate, OfferFit acquisition, real-time data, SaaS, Sage AI suite, sticky solution, switching costs	View Pitch
Jan 20, 2026	Substack	Alpha Seeker 84	Braze, Inc.	Software	Application Software	Bull	NASDAQ Stock Market	agentic automation, Braze, channel integrations, Customer Engagement, event streams, execution substrate, identity and consent, personalized messaging, Pricing pressure, volume growth	View Pitch
Jan 8, 2026	Fund Letters	Timothy Liu	Braze Inc.	Information Technology	Application Software	Bull	NASDAQ	Engagement, Marketing, Personalization, Retention, SaaS	View Pitch

BSD Shareholders of BRZE

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

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.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: