FIG Archives

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q3	Oct 20, 2025	Baillie Gifford – US Equity Growth	5.4%	19.1%	DUOL, FIG, KNF, NFLX, RBLX, SHOP, TTD, W	Artificial Intelligence, Design Platforms, E-Commerce, innovation, software	The fund highlights resilience in U.S. growth equities led by AI-driven platform companies such as Shopify, Roblox, and NVIDIA. Managers added Figma, positioning it as a leader in AI-enabled design software transforming enterprise workflows. Despite short-term volatility, the fund maintains high conviction in U.S. innovators with durable competitive advantages in technology and consumer ecosystems.	KNF Figma KNF	View
2025 Q3	Oct 20, 2025	Sands Capital Technology Innovators Fund	8.4%	22.4%	APP, CRWD, DUOL, FIG, KVYO, MNDY, NFLX, NOW, NVDA, OKTA, RBLX, TEAM, TSM	Artificial Intelligence, Cloud Computing, Digital Platforms, semiconductors, software	AI remained the dominant theme as the fund balanced infrastructure enablers like NVIDIA and TSMC with software innovators such as ServiceNow and Atlassian. Managers acknowledge valuation pressure from AI euphoria but see durable earnings growth from leaders integrating AI into workflow and enterprise platforms. Portfolio exposure centers on data infrastructure, cloud applications, and gaming ecosystems.	SNOW MNDY DUOL RBLX APP TSM NVDA MNDY DUOL RBLX APP TSM NVDA	View
2025 Q3	Oct 16, 2025	Brown Advisors Mid-Cap Growth strategy	2.0%	9.4%	ALNY, CAH, CMG, CVNA, DKNG, DXCM, FIG, FIX, MDB, NTSK, OS, PSN, RBLX, TTD, VRSK, WST, ZS	Artificial Intelligence, Biotechnology, cybersecurity, Data centers, healthcare	Brown Advisory sees strong tailwinds from AI and data center infrastructure fueling select mid-cap growth opportunities, including semiconductors, software, and cybersecurity. The fund also focuses on healthcare innovation, emphasizing biotech firms and specialty drug distributors benefiting from complex therapies and new technologies. It maintains a disciplined approach, trimming overvalued AI-exposed holdings and adding positions in emerging digital security and healthcare growth names.	CVNA NTSK PSN	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Feb 20, 2026	Seeking Alpha	Seeking Alpha	Figma, Inc.	Technology	Software	Bull		AI adoption, Figma, investment, IPO, retention metrics, Revenue Growth, Software, Stock performance, technology, valuation	View Pitch
Nov 30, 2025	Seeking Alpha	Seeking Alpha	Figma, Inc.		Software - Application	Bear		bearish, Figma, financial performance, net cash position, product launches, Revenue Growth, Software, speculative hold, stock-based compensation, valuation	View Pitch

BSD Shareholders of FIG

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

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Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of FIG

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