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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q1 | Apr 29, 2025 | Polen Capital – Emerging Markets Growth | 1.7% | 1.7% | 0700.HK, BABA, DLO, DNP.WA, INFY, INPST.L, LVS, NTES, TOTS3.SA, TSM, YUMC | AI, Brazil, China, Currency, emerging markets, Poland, security selection | China market continued rally from last year, supported by monetary easing and fiscal policies. DeepSeek's R1 AI model release marked significant technological milestone, with major companies like Tencent and Baidu integrating AI models into services, creating optimism about improved earnings in consumer digital services. | DLO LVS DNP.WA TOTS3.SA TME |
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| 2025 Q3 | Oct 28, 2025 | Graham and Doddsville | - | - | AAON, AAP, ANET, AOS, ASTS, CVNA, DLO, FEVR.L, GOOGL, KER.PA, MELI, META, NLB.L, PGR, RKLB, TBCG.L, TSM, WISE.L, WOSG.L, XPEL | AI, emerging markets, Investment Analysis, long-term, Portfolio Management, Quality, Student Pitches, Value Investing | Multiple interviews emphasize value investing principles, with Brandes Investment Partners maintaining pure value philosophy despite 165 months of underperformance following the global financial crisis. The publication showcases various value-oriented approaches from concentrated portfolios to systematic value investing strategies. | View | |
| 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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| 2023 Q4 | Jan 15, 2024 | Vision Capital | 0.0% | 0.0% | 0700.HK, 3690.HK, ABNB, ADBE, ADYEN.AS, AMZN, ANET, CRM, CRWD, DDOG, DLO, ESTC, FVRR, GOOGL, HUBS, JD, LULU, MA, MDB, MELI, META, MNDY, MSFT, NET, NOW, NU, NVDA, OKTA, PAYC, PLTR, PYPL, SHOP, SQ, STNE, TEAM, TSLA, TTD, V, VEEV, WDAY, WISE.L, ZS | AI, Compounding, E-Commerce, growth, long-term, payments, SaaS, technology | Vision Capital maintains significant exposure to e-commerce companies including Amazon, MercadoLibre, Shopify, JD.com, Fiverr, Airbnb, and Meituan representing approximately 20% of the portfolio. The manager views these as top dogs supported by long-term tailwinds in the digital commerce transformation. | LULU AAPL|MSFT|NFLX|NVDA|UNH |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Polen Capital - Global SMID Company Growth | dLocal | Information Technology | Data Processing & Outsourced Services | Bull | NASDAQ | digital payments, Emerging markets, Fintech, growth, Payments processing, technology, Uruguay | View Pitch |
| Apr 13, 2026 | Fund Letters | Polen Capital - Emerging Markets Growth | dLocal | Information Technology | Data Processing & Outsourced Services | Bull | NASDAQ | Alternative Payments, digital payments, Emerging markets, Fintech, growth, Latin America, Payments processing | View Pitch |
| Mar 20, 2026 | Seeking Alpha | Seeking Alpha | DLocal Limited | Financial Technology | Merchant Services | Bull | Nasdaq Stock Market | Emerging markets, financial technology, Free Cash Flow, integrated payments, Latin America, market undervaluation, Merchant Services, operating leverage, shareholder returns, total payment volume | View Pitch |
| Jan 23, 2026 | Twitter / X | @realroseceline | DLocal Limited | Information Technology | Application Software | Bull | NASDAQ | Dlo, Emerging markets, Fintech, Global, Local, Payment, Payments, Satellite | View Pitch |
| Jan 22, 2026 | Twitter / X | @realroseceline | DLocal Ltd. | Information Technology | Bull | NASDAQ | Dlo, Dlocal, Emerging markets, Global, Payments, scaling, Scaling Tpv, Tpv | View Pitch | |
| Jan 22, 2026 | Twitter / X | @realroseceline | DLocal Ltd. | Information Technology | Data Processing & Outsourced Services | Bull | NASDAQ | consumer lending, Crypto, Dlo, Emerging markets, Fintech, Payments, Pedro, Satellite | View Pitch |
| Jan 8, 2026 | Fund Letters | Damian Bird | dLocal Limited | Financials | Transaction & Payment Processing Services | Bull | NASDAQ | Crossborder, emergingmarkets, Fintech, growth, Payments | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Danil Sereda | DLocal Limited | Information Technology | Software - Infrastructure | Bull | NASDAQ | — | View Pitch |
| Aug 8, 2025 | Seeking Alpha | Latin-American Investor | DLocal Limited | Information Technology | Software - Infrastructure | Bull | NASDAQ | — | 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 |
|---|---|---|---|---|---|---|---|---|
| David Hoeft | Dodge & Cox | $185.3B | $518,938 | 0.00% | 36,700 | +0 | +0.00% | 0.0140% |
| Tim Campbell | Baillie Gifford | $120.3B | $42.4M | 0.04% | 2,996,660 | +326,537 | +12.23% | 1.1447% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $8.3M | 0.02% | 584,519 | -510,387 | -46.61% | 0.2233% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $1.2M | 0.00% | 82,981 | -740,319 | -89.92% | 0.0317% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $787,895 | 0.00% | 55,721 | -570,812 | -91.11% | 0.0213% |
| Israel Englander | Millennium Management LLC | $233.2B | $726,796 | 0.00% | 51,400 | -100,000 | -66.05% | 0.0196% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $23.4M | 0.03% | 1,651,651 | -80,489 | -4.65% | 0.6309% |
| Panayotis Sparaggis | Alkeon Capital Management | $63.1B | $11.6M | 0.02% | 823,837 | +0 | +0.00% | 0.3147% |