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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2022 Q3 | Nov 14, 2022 | Saltlight Capital | 15.6% | 35.6% | BAM, KARO, MELI | - | View | ||
| 2023 Q3 | Nov 13, 2023 | Saltlight Capital | 15.6% | 35.6% | KARO, MELI, PPE SJ, SE | - | View | ||
| 2022 Q3 | Oct 26, 2022 | Polen Capital – Emerging Markets Growth | 12.6% | -21.8% | ATHM, KARO, MBLY, MELI, TITANIN IN | - | View | ||
| 2025 Q4 | Jan 26, 2026 | Mobius Capital Partners | 2.9% | 0.0% | EPAM, KARO, MELI, MMYT, TCOM | active management, Asia, emerging markets, mid cap, Quality, Recovery, technology, underperformance | The strategy focuses on high-quality, innovative, under-researched mid-cap compounders with strong fundamentals. Quality stocks suffered significant underperformance in 2025 due to style headwinds, with investors favoring perceived safe-haven assets and larger, more liquid equities during periods of macroeconomic uncertainty. The portfolio benefits from AI-driven demand, particularly in the software/IT services sector. Recovery prospects are supported by AI-driven demand and the resumption of previously deferred projects, with companies like Elite Material benefiting from GPU customers utilizing additional printed circuit boards. Taiwan continues to benefit from a powerful semiconductor investment cycle and globally competitive innovation ecosystem. The portfolio includes exposure to semiconductor testing equipment manufacturers like Chroma, which should benefit from wider adoption of system-level testing solutions and continued data center investment. The portfolio includes exposure to Latin American e-commerce platform Mercado Libre, which faced short-term pressure due to Brazilian election volatility but maintains intact long-term market and operational fundamentals. The strategy also initiated positions in online travel agencies benefiting from India's growing online travel market. The fund initiated a position in MakeMyTrip, the dominant Indian online travel agency, positioned to benefit from India's online travel market expected to grow at 22% CAGR from $12bn in 2022 to $60bn in 2030. The company enjoys high brand recall and organic traffic, resulting in strong operating leverage. | KARO MMYT RADL3 BZ 2383 TT EPAM |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Jan 30, 2026 | Fund Letters | Carlos Hardenberg | Karooooo Ltd | Information Technology | Application Software | Bull | NASDAQ | ARPU, Fleet Management, SaaS, Subscriptions, Telematics | View Pitch |
| Aug 13, 2025 | Seeking Alpha | Mountainside Research | Karooooo Ltd. | Information Technology | Software - Application | 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 |
|---|---|---|---|---|---|---|---|---|
| No investor data available. | ||||||||