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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q3 | Sep 30, 2025 | WS Amati Global Innovation Fund | - | - | CGNX, CHG LN, DXCM, GLBE, GLOB, LITE, PI, PRCT, RGEN, TLX AU | disruption, growth, innovation, productivity, technology | The fund emphasizes innovation-driven growth across technology, healthcare, and emerging business models. The letter highlights long-term structural change while acknowledging near-term volatility and valuation dispersion. Innovation remains an investable theme as productivity gains and technological adoption reshape industries. | View | |
| 2025 Q2 | Aug 7, 2025 | Invesco Small Cap Value Fund | 6.5% | 0.2% | BECN, CAKE, COHR, GLOB, IART, LITE, LIVN, NRG, QDEL, TKR | Balance Sheets, cash flow, Mean reversion, small caps, valuation | The letter emphasizes historically wide valuation discounts in small-cap equities relative to large caps, driven by years of underperformance and risk aversion. Management argues that balance sheet strength, cash flow durability, and normalized earnings power provide downside protection. The fund positions value as a cyclical opportunity as economic uncertainty stabilizes and market breadth improves. | View | |
| 2025 Q2 | Aug 2, 2025 | Baron Global Advantage Fund | 22.6% | 11.0% | ARGX BB, DAVA, DDOG, GLOB, ILMN, LOAR, MELI, NET, NU, NVDA, TSM | alpha, fundamentals, Global Growth, long-term, volatility | The letter focuses on exploiting volatility by maintaining conviction in long-term global growth winners despite sharp drawdowns. Management stresses separating signal from noise and prioritizing fundamentals over short-term sentiment. Volatility is viewed as the price paid for long-term alpha generation. | View | |
| 2025 Q2 | Jul 22, 2025 | Alger Spectra Fund | 29.2% | 13.0% | AAPL, GLOB, META, MSFT, NVDA, UNH | Artificial Intelligence, Cloud, Data centers, growth, monetization | The letter underscores AI as a dominant secular theme powering earnings growth in large-cap technology leaders. Management highlights data center expansion, cloud adoption, and AI monetization. The outlook remains bullish on AI beneficiaries while selectively shorting structurally challenged businesses. | GLOB UNH AAPL META MSFT NVDA |
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| 2025 Q2 | Jul 22, 2025 | Harding Loevner International Small Companies Equity | 16.7% | 18.6% | 3697 JP, 4527 JP, ATE FP, CYBR, GLOB, REY IM | growth, international, moats, small caps | 3697 JP 4527 JP GLOB CYBR |
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| 2025 Q2 | Jul 21, 2025 | Sands Capital Emerging Markets Growth Fund | 12.9% | 15.7% | 006400 KS, 1810 HK, 3347 HK, 6862 HK, BZ, CPNG, DMART IN, GLOB, MDTC, MELI, NU, RADLY, SE, TSM, YMM | AI, Digital, E-Commerce, emerging markets | View | ||
| 2025 Q2 | Jul 20, 2025 | BBH Select Series – Mid Cap Fund | 5.4% | -0.9% | FOUR, GLOB, GWRE, WSO | cash flows, Intrinsic Value, Mid Caps, moats, volatility | The commentary focuses on bottom-up stock selection in mid-cap companies trading below intrinsic value amid tariff and policy uncertainty. Structural growth drivers and competitive moats are emphasized over macro forecasting. The fund positions volatility as an opportunity to add to businesses with durable cash flow potential. | View | |
| 2025 Q2 | Jul 17, 2025 | Alger Mid Cap Focus Fund | 19.9% | 3.9% | CWAN, GLOB, NET, PLTR, RYAN, VRT | Artificial Intelligence, Digitization, growth, productivity, technology | The letter highlights artificial intelligence as a key secular growth driver benefiting mid-cap technology and industrial firms. Management points to accelerating adoption, strong earnings, and rising investment spend. The outlook remains constructive on AI-enabled productivity gains. | RYAN CWAN VRT NET PLTR |
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| 2025 Q2 | Jul 17, 2025 | Harding Loevner Global Small Companies | 10.6% | 7.2% | 3697 JP, CYBR, ENS, G24 GR, GLOB, MAXF IN | AI Adoption, Competitive Advantage, innovation, productivity, small caps | The letter emphasizes AI as a potential equalizer for small companies, enabling productivity gains, new services, and competitive leapfrogging. Management focuses on firms with strong leadership, balance sheets, and reinvestment discipline that can harness AI effectively. Small-cap innovation is positioned as underappreciated. | CYBR GLOB |
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| 2025 Q2 | Jul 17, 2025 | Polen Capital – International Growth | 6.9% | 6.9% | 8035 JP, AON, BNZL LN, EVO SS, EXPN LN, GLOB, IBN, ICLR, INPST NA, MELI, MMYT, NVO, SAP GR, SE, TME | Compounding, earnings, International Growth, Quality, valuation | The letter emphasizes international growth opportunities in businesses with strong competitive positions and long-duration earnings power. Management argues that non-U.S. markets offer attractive relative valuations without sacrificing quality or growth. The focus remains on compounding intrinsic value over full market cycles. | IBN ICLR GLOB AON SAP GR 8035 JP MELI |
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| 2025 Q2 | Jul 16, 2025 | Polen Capital – Global SMID Company Growth | 7.9% | 1.9% | AON, GLOB, IDXX, NVDA, ORCL, SBUX, SHOP | Balance Sheets, Global Growth, Pricing Power, Quality, Resilience | The letter highlights global quality growth as a defensive yet compounding strategy amid geopolitical uncertainty and uneven economic growth. Management stresses balance sheet strength, pricing power, and recurring revenue as key drivers of resilience. The portfolio is positioned to benefit from long-term global demand trends rather than regional macro calls. | GLOB IDXX SBUX ORCL |
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| 2024 Q1 | May 9, 2024 | Polen Capital – U.S. SMID Company Growth | 8.8% | -1.3% | CNM, DAVA, EXLS, GLOB, RVLV, SMCI, WING | - | View | ||
| 2024 Q1 | May 9, 2024 | Polen Capital – Global SMID Company Growth | 7.4% | -2.4% | 3697 JP, CNM, DAVA, EVD GR, GLOB, TOI CN | - | View | ||
| 2024 Q1 | May 9, 2024 | Polen Capital – U.S. Small Company Growth | 7.4% | -0.9% | 4P0 GR, BMBL, CNM, GLOB, SMCI, WING | - | View | ||
| 2024 Q1 | May 9, 2024 | Polen Capital – Global SMID Company Growth | 3.5% | 9.5% | AAPL, ABNB, ADBE, AMZN, GLOB, NESR GR, NVDA, PAYC, SAP GR, SGE LN | - | View | ||
| 2025 Q1 | Apr 23, 2025 | Polen Capital – U.S. Small Company Growth | -10.8% | -10.8% | BROS, ELF, EXLS, FOXF, GLOB, GSHD, MODG, RVLV, TECH, YETI | - | View | ||
| 2025 Q1 | Apr 22, 2025 | Polen Capital – Global SMID Company Growth | -5.0% | -5.0% | 8136 JP, ELF, GLOB, GSHD, KALYANKJIL IN, LTMC IM | - | View | ||
| 2025 Q1 | Apr 22, 2025 | Polen Capital – U.S. SMID Company Growth | -12.7% | -12.7% | ALGN, BAH, CRL, ELF, ETSY, FIX, FOXF, GLOB, GSHD, MANH, MODG, PGNY, ROAD, RVLV, SAIA, TECH, WING, YETI | - | View | ||
| 2025 Q1 | Apr 19, 2025 | Polen Capital – International Growth | 0.0% | 0.0% | ADYEN NA, AON, GLOB, ICLR, LONN SW, MELI, NVO, SAP GR, TCEHY, TME, TSM, ULVR | - | View | ||
| 2025 Q1 | Apr 15, 2025 | Polen Capital – Global SMID Company Growth | -5.5% | -5.5% | ABT, ADYEN NA, AMZN, AON, GLOB, MELI, NVDA, NVO, SAP GR, WTW | - | View | ||
| 2025 Q1 | Mar 31, 2025 | BNY Mellon Global Emerging Markets Fund | -4.2% | -4.2% | GLOB | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Impax US Sustainable Economy Fund | -5.8% | -5.8% | AWK, EIX, GILD, GLOB, NOW, PGR, TSLA | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Sands Capital Emerging Markets Growth Fund | 2.5% | 2.5% | 1211 HK, 3690 HK, 5274 TT, APHS IN, ARHI, BAF IN, ETERNAL IN, FPTVN19 TB, GLOB, ICT PM, MELI, PHNX IN, SE, TCEHY, TCS IN, TSM, WALMEX MM, WEGZY | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Artemis Global Select Fund (converted to Artemis SmartGARP Global Smaller Companies Fund on October 6, 2025) | -7.5% | -7.5% | GLOB, META, NVDA, PG, TTEK | - | View | ||
| 2022 Q4 | Dec 31, 2022 | Polen Capital – International Growth | 9.2% | -30.0% | AON, BNZL LN, CAN, GLOB, SAP, SHOP, TCEHY, TEMN SW, ULVR LN | - | View | ||
| 2025 Q3 | Oct 28, 2025 | BBH Select Series – Mid Cap Fund | -0.9% | -1.8% | ANET, BFAM, BJ, BRKR, FOUR, GLOB, ITT, WMS | Artificial Intelligence, Intrinsic Value, Life Sciences, Quality, tariffs | The fund underperformed due to an AI-driven speculative rally favoring unprofitable firms and headwinds from tariffs and reduced life science funding. Management highlighted holdings like Arista Networks and Advanced Drainage as strong performers benefiting from AI infrastructure and sustainable earnings growth. Despite near-term challenges, BBH maintains a disciplined focus on quality, profitability, and intrinsic value to navigate speculative market excesses. | BJ UN ITT UN BRKR UN GLOB UN FOUR UN WMS UN ANET UN BJ UN ITT UN BRKR UN GLOB UN FOUR UN WMS UN ANET UN |
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| 2022 Q3 | Oct 26, 2022 | Polen Capital – International Growth | 3.3% | 3.9% | ADS GR, EPM, GLOB, ICLR, J2B GR, KER FP, MELI, SAP, TME | - | View | ||
| 2025 Q3 | Oct 21, 2025 | Brandes Small Cap Value Fund | 11.2% | 16.6% | GLOB, PBH | digital transformation, Health Care, industrials, small caps, value | Small-cap value stocks advanced strongly, led by health care and industrial holdings like Elanco and Park Aerospace. Managers added to undervalued names such as Prestige Consumer Healthcare and Globant, citing stable cash flows and long-term growth in digital transformation. The fund remains overweight industrials and defensives amid attractive valuations. | PBH GLOB PBH GLOB |
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| 2025 Q3 | Oct 20, 2025 | Sands Capital Emerging Markets Growth Fund | 5.0% | 21.5% | 000660 KS, 005930 KS, 6862 CH, BBCA IJ, BHARTI IN, CATL, DNOPY, GLOB, HDFCB IN, MELI, NU, RIGD LN, SE, TCEHY, TSM | Artificial Intelligence, E-Commerce, emerging markets, Fintech, semiconductors | The fund highlights how AI adoption and financial inclusion are reshaping emerging markets. Technology hardware and semiconductor exposure benefits from surging AI infrastructure demand in Taiwan and Korea, while digital finance platforms in Latin America drive inclusion-led growth. Consumer internet leaders continue expanding in e-commerce and payments across Asia and Latin America. | View | |
| 2025 Q3 | Oct 20, 2025 | Invesco Small Cap Value Fund | 10.0% | 10.2% | AL, COHR, DAVA, EPAM, GLOB, LITE, MOH, MP, SAIA | energy, financials, industrials, small caps, Value Investing | The fund emphasizes opportunities in financials and industrials as small caps remain undervalued versus large caps. Banks and insurers benefit from stable credit quality and margin expansion, while manufacturers and service firms gain from a resilient U.S. economy. Energy holdings provide diversification and cash flow support amid moderate commodity prices. | View | |
| 2025 Q3 | Oct 19, 2025 | Harding Loevner Emerging Markets Equity | 11.6% | 24.4% | 688188 CH, BABA, CATL, GLOB | AI, Automation, China, E-Commerce, emerging markets | Chinese equities rebounded sharply on AI investment and restructuring at Alibaba, while Indias MakeMyTrip and Taiwans Delta Electronics led sector gains. Policymakers efforts to curb deflation and supply excess supported stabilization. The fund highlighted durable growth drivers in automation, e-commerce, and travel platforms. | View | |
| 2023 Q3 | Oct 19, 2023 | Polen Capital – International Growth | 3.3% | 3.9% | CSL AU, EVO SS, GLOB, MELI, NOVOB DC, SAGA, TEPN MM | - | View | ||
| 2023 Q3 | Oct 19, 2023 | Polen Capital – U.S. SMID Company Growth | 8.8% | -1.3% | CPRT, CWAN, DOCS, FTCH, GLOB, GSHD, OLO, PAYC, YETI | - | View | ||
| 2025 Q3 | Oct 1, 2025 | Vela International Fund | 7.4% | - | 0AAL LN, COA LN, FEVR LN, GLOB, HIK LN | gold, Hedges, inflation, Miners, reserves | Gold and gold miners continue to act as portfolio insurance against inflation, credit destruction, and declining confidence in central bank independence. The letter argues that geopolitical shifts, fiscal dominance, and rising global reserve allocation to gold structurally support higher prices. Gold remains a strategic hedge and a return driver through high-quality miners with disciplined capital allocation. | GLOB COA LN FEVR LN TECN SW HIK LN |
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| 2025 Q4 | Jan 30, 2026 | Antipodes Global Value Fund | 0.0% | 0.0% | 005380.KS, 0700.HK, AMD, AMZN, ASAI3.SA, BABA, BEKE, BMRI.JK, CRM, GLOB, Gold, GOOGL, HON, IWG.L, JCI, META, MRK, SIE.DE | consumer, financials, global, healthcare, industrials, materials, technology, value | Portfolio increased exposure to structural investment trends in software while reducing hardware exposure. AMD benefited from landmark agreement with OpenAI for high-performance graphics chips. Meta's AI-driven ad impressions growing at double-digit rates, driving revenue growth. Barrick Mining rose sharply on fresh investor enthusiasm for gold with record bullion prices boosting revenue and margins. Portfolio trimmed gold exposure via Valterra Platinum following rapid price moves and positive sentiment around platinum group metals. Amazon's AWS business re-accelerated growth to 20% year-on-year, the fastest pace in several years, driven by strong demand. Infrastructure and retail businesses both winning market share while valuation hovers around 20-year low. Portfolio rotated to process and industrial automation where greater value is seen. Honeywell positioned as leader in aerospace and industrial automation, focusing on building and process automation after business simplification. Hyundai Motor navigating industry transition to electrification with focus on profitability and capital efficiency. Company prioritizing hybrids over pure battery electric vehicles, aligning with consumer preferences as EV demand has stalled. | BMRI IJ 005380 KS HON IWG LN CRM META AMZN AMD GOOG MRK B BMRI IJ 005380 KS HON CRM AMZN 2423 HK TCEHY STM ASAIY AMD GOOG MRK B |
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| 2025 Q4 | Jan 22, 2026 | Sands Capital Emerging Markets Growth Fund | 0.1% | 21.6% | 000660.KS, 005930.KS, 0700.HK, 1211.HK, 122870.KS, 1299.HK, 1810.HK, 2269.HK, 2454.TW, 300750.SZ, 3690.HK, 4966.TW, 500570.BO, 532978.BO, APHS.NS, ASML, BABA, BBCA.JK, CPNG, DIDI, DNP.WA, FPT.VN, FTA, GLOB, GRAB, HDB, HDFCLIFE.NS, HTHT, ICT.PS, KSPI.L, MELI, NU, PHNX.NS, RADL3.SA, SE, TSM, WEGE3.SA, WMMVY | AI, China, E-Commerce, emerging markets, growth, Memory Chips, semiconductors, technology | AI is spreading across industries, reshaping business models and driving market leadership. The firm sees an ongoing AI boom rather than a full bubble, with meaningful exposure in semiconductors and digital advertising while maintaining valuation discipline. Memory chip cycle strengthening fueled by growing AI demand. SK hynix and Samsung are effectively sold out of memory inventory for 2026 with limited capacity in 2027. High-bandwidth memory remains essential for AI servers. Select ecommerce businesses underperformed despite strong fundamentals. Sea, MercadoLibre, and Coupang faced near-term headwinds from increased investment and competitive pressure, but maintain strong long-term positioning. Defense technology entering structural growth phase driven by rising geopolitical risk and convergence of military and commercial innovation. Focus on autonomous systems, space sensing, and secure communications. AI advances pushing robotics forward with near-term opportunities in logistics and warehouse environments. Focus on companies that make robots reliable and economically compelling rather than headline-grabbing names. Energy transition blending with new power demand from data centers and AI, straining grids and forcing aggressive investment in power infrastructure. Multiyear investment cycle expected across entire power value chain. | View | |
| 2025 Q4 | Jan 20, 2026 | Harding Loevner Emerging Markets Equity | 3.7% | 29.1% | 000660.KS, 005930.KS, 2330.TW, 700.HK, ASIANPAINT.NS, BABA, EPAM, GLOB, HDFCBANK.NS, ICICIBC.NS, ITUB, MARUTI.NS, MELI, MMYT, PING, SE, TCOM, TCS, TSM, WALMEX.MX | AI, emerging markets, energy, Memory, nuclear, semiconductors, technology | AI-related stocks sustained the relentless rise of the EM index, with seven of the 10 largest contributors being AI-related and accounting for more than 40% of the index's 34% return. The surge reflects sharply accelerating capital investment into AI physical infrastructure, with hyperscalers repeatedly increasing capex plans. EMs are standout beneficiaries because significant portions of AI physical infrastructure are sourced from EM companies, especially Asia-based enterprises like TSMC. The AI boom is engendering structural changes in the memory market that should support higher and more consistent profitability. Three key developments are changing industry dynamics: growing demand for customized, high-value memory products like HBM; the need to surmount the memory wall for AI workloads; and increasing constraints on memory manufacturing capacity as more capacity is allocated to HBM production. The energy demands of AI data centers are staggering, with AI-specific servers using 53-76 terawatt-hours in 2024. This puts renewed attention on nuclear power advantages, which is both scalable enough to meet huge AI data center power requirements and carbon-emission free. Meta, Amazon, and Alphabet have announced plans to invest in nuclear energy, driving demand for uranium. | 688188 CH KAP LI 000660 KS 005930 KS |
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| 2023 Q2 | Jul 19, 2023 | Polen Capital – Global SMID Company Growth | 3.5% | 9.5% | ADBE, ADSK, GLOB, MSFT, NVDA, TMO, WDAY | - | View | ||
| 2024 Q2 | Jul 18, 2024 | Harding Loevner Global Equity | 5.2% | 15.6% | AAPL, ADYEN NA, ASML, CRM, DHR, GLOB, MSFT, NVDA, TSM, VRTX | - | View | ||
| 2023 Q1 | May 31, 2023 | Harding Loevner Emerging Markets Equity | 12.2% | 11.6% | 005930 KS, 2269 HK, GLOB, KSPI LI, MSIL IN, TCS IN, TSM | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Wasatch Small Cap Growth Strategy | - | - | AGYS, BROS, FRPT, GLOB, ITCI, RBC | - | View | ||
| 2025 Q1 | Mar 31, 2025 | Wasatch Long/Short Alpha Fund | - | - | AGYS, BROS, FRPT, GLOB, ITCI, RBC | - | View | ||
| 2022 Q4 | Mar 3, 2023 | Harding Loevner International Equity | 9.5% | 11.5% | 7TB GR, 80TE LN, CIN GR, EPAM, GLOB, RJHI AB | - | View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 8, 2026 | Fund Letters | Christopher Mack | Globant S.A. | Information Technology | IT Consulting & Other Services | Bull | New York Stock Exchange | AI, cloud, Consulting, Digital, Smallcaps, Subscription | View Pitch |
| Jan 8, 2026 | Fund Letters | Jafar Rizvi | Globant S.A. | Information Technology | IT Consulting & Other Services | Bull | New York Stock Exchange | AI, Consulting, Digital, growth, Platforms, Subscription | View Pitch |
| Jan 8, 2026 | Fund Letters | Todd Morris | Globant S.A. | Information Technology | IT Consulting & Other Services | Bear | New York Stock Exchange | cloud, Digital_Transformation, Enterprise_AI, IT_Services | View Pitch |
| Jan 8, 2026 | Fund Letters | Damon Ficklin | Globant S.A. | Information Technology | IT Consulting & Other Services | Bear | New York Stock Exchange | Consulting, Cyclicality, Digital transformation, guidance, IT services | View Pitch |
| Dec 3, 2025 | Fund Letters | Ankur Crawford | Globant SA | Information Technology | IT Consulting & Other Services | Bear | NYSE | cloud, Consulting, Demand, margin, transformation | View Pitch |
| Nov 29, 2025 | Fund Letters | Damon Ficklin | Globant S.A. | Information Technology | IT Consulting & Other Services | Bear | NYSE | Demand slowdown, IT services, pipeline, Utilization, Valuation risk | View Pitch |
| Nov 29, 2025 | Fund Letters | Bryan Barrett | Globant S.A. | Information Technology | IT Services | Bull | NYSE | AI, Consulting, Digital transformation, growth, IT services, recovery, valuation | View Pitch |
| Nov 29, 2025 | Fund Letters | Bryan Barrett | Globant S.A. | Information Technology | IT Services | Bull | NYSE | AI, Consulting, Digital transformation, growth, IT services, recovery, valuation | View Pitch |
| Nov 28, 2025 | Fund Letters | Bob Sharpe | Globant S.A. | Information Technology | IT Consulting & Other Services | Bull | NYSE | AI, Digital, Itservices, transformation, valuation | View Pitch |
| Aug 7, 2025 | Seeking Alpha | The Software Side of Life | Globant S.A. | Information Technology | Information Technology Services | Bull | NYSE | — | 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. | ||||||||