Join for free and get access to the buyside
Get insights from the world's most influential hedge fund investors direct to your inbox
- © 2025 Buyside Digest
- Privacy Policy
- Disclaimer
- Sitemap
- Terms of Service
| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q2 | Jul 27, 2025 | Lakehouse Global Growth Fund | - | - | 4443.T, ADYEN.AS, AMZN, GOOGL, HEM.ST, KXS.TO, MC.PA, MELI, PINS, SCHW, SE, SPOT, WIX | AI, E-Commerce, global, growth, Streaming, technology | Portfolio heavily weighted toward e-commerce leaders MercadoLibre and Sea Limited, both delivering strong growth. MercadoLibre grew net revenues 38% year-over-year to $22.4 billion with accelerating buyer growth. Sea Limited's Shopee platform emerged stronger with 30% revenue growth and improved profitability as regulatory pressures in Indonesia abated. | GOOGL SPOT MELI SE GOOG MELI SE |
View |
| 2025 Q2 | Jul 10, 2025 | Hertford Capital | 10.4% | 12.9% | ALMA.HE, AOF.DE, BCG.L, DONE.ST, FORTNOX.ST, HEM.ST, PLNW.PA, PROF.PA, SIDE.PA, SMCRT.OL, VEND.OL | AI, Classifieds, Enterprise Software, Europe, growth, SaaS, SmallCap, technology | The manager discusses agentic AI as a transformative force for enterprise software, highlighting Sidetrade's autonomous AI Cash Collection Agent and the shift from Rule of 40 to Rule of 70-80 for software companies. AI is expected to drive both growth acceleration and margin expansion through automation of sales, marketing, and support functions. | ALSDT.PA FNOX.ST |
View |
| 2025 Q1 | Apr 9, 2025 | The Bristlemoon Global Fund | -3.2% | -3.2% | 0700.HK, APP, HEM.ST, IBKR, META, PAR, PDD, PINS, XPOF | Cash Management, China, Restaurants, risk management, software, tariffs, technology, volatility | Fund increased cash weighting to 22% during March due to heightened market uncertainty and Trump's tariff policies. Adopted maximum loss framework for position sizing and reduced concentration to manage downside risk during volatile periods. | PAR HEM.ST |
View |
| 2025 Q3 | Oct 30, 2025 | Spheria Global Opportunities Fund | -1.7% | - | CARG, FERG, HEM.ST, ITRK, LPLA, SPNS, UHR.SW, USLM, WMK | AI, fundamentals, global, Quality, risk management, small cap, Speculation, value | Markets remained captivated by the relentless momentum of all things AI, a theme increasingly shaping narratives around productivity, employment, and market structure, even as a growing chorus warned of speculative excess. | USLM LPLA |
View |
| 2025 Q4 | Jan 14, 2026 | Spheria Global Opportunities Fund | -3.0% | 2.9% | ACLR.SW, CARG, EXPD, HEM.ST, ITRK.L, JKHY, PAYC, RMV.L, SPNS, YETI | financials, global, industrials, Quality, small caps, technology | The fund maintains a consistent, valuation-aware approach focused on high-quality businesses with durable economics, proven cash generation and clear paths to value creation. This quality-oriented strategy faced challenges in 2025 as markets rewarded loss-making businesses and concept-driven stocks. Small caps are still yet to materially close the relative valuation gap that has opened up since shortly before the current interest rate cycle kicked off in early 2022. The fund targets global listed small cap and microcap companies. | PAYC JKHY |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | The Bristlemoon Global Fund | Hemnet Group AB | Communication Services | Interactive Media & Services | Bull | Stockholm Stock Exchange | EBITDA margins, marketplace, Monopoly, Pricing power, Property Portal, Real Estate, SaaS, Sweden, Take rate, Vendor-Paid Model | View Pitch |
| Jan 24, 2026 | Fund Letters | Doug Tynan | Hemnet Group AB | Communication Services | Online Real Estate Portals | Bull | NASDAQ | Classifieds, Cyclicality, Housing, Monopoly, Premiumisation, Pricingpower, Property | 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. | ||||||||