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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2024 Q3 | Sep 30, 2024 | Octahedron Capital | - | - | AAPL, AMZN, CART, CPNG, DASH, DIS, GOOGL, GRAB, LYFT, META, NFLX, PINS, RDDT, ROKU, SNAP, SNOW, SPOT, UBER, WBD, WMT, YELP | AI, Cloud, Digital, E-Commerce, growth, Internet, semiconductors, technology | Generative AI is driving significant productivity improvements across software development and enterprise applications. Companies are seeing measurable ROI from AI investments, with GitHub Copilot accounting for over 40% of GitHub revenue growth and Microsoft reporting billions in AI infrastructure revenue. AI is accelerating cloud migrations and enabling new usage-based pricing models. | View | |
| 2025 Q2 | Jul 15, 2025 | Lord Abbett Developing Growth Fund | 6.4% | 21.1% | ALAB, BROS, CRDO, FIX, GH, GWRE, INSM, KTOS, MTZ, RDDT, RMBS, SFM | AI, defense, growth, semiconductors, small caps, technology | Generative artificial intelligence continues to provide market tailwinds and productivity gains. The fund is finding opportunities in pioneering Gen AI companies in semiconductors and software, as well as industrial companies enabling datacenter expansion and power infrastructure to support AI growth. | View | |
| 2025 Q2 | Jun 30, 2025 | Octahedron Capital | - | - | ABNB, AMZN, APP, BKNG, CART, CPNG, CVNA, DASH, GOOGL, GRAB, MELI, META, NFLX, PINS, RDDT, ROKU, SNAP, SNOW, UBER, W | Advertising, AI, Cloud, E-Commerce, payments, semiconductors, tariffs, Trade Policy | AI infrastructure demand remains insatiable with companies processing 480 trillion tokens monthly, up 50x year-over-year. ServiceNow expects AI products to reach $1 billion ACV by end of 2026, while companies are transitioning from seat-based to usage-based AI pricing models. AI agents are creating 4x more databases than humans, fundamentally changing software development workflows. | View | |
| 2026 Q1 | May 11, 2026 | Lord Abbett Developing Growth Fund | -0.4% | -0.4% | FIX, MP, RDDT, TERN | AI, Biotechnology, growth, healthcare, industrials, small cap, technology | View | ||
| 2025 Q1 | Apr 9, 2025 | Maple Tree Capital – Heartwood | -18.0% | -18.0% | ASO, CRWD, DNUT, EA, GRND, HIMS, LMND, LYFT, RDDT, UEC, UPST | AI, growth, nuclear, small caps, tariffs, technology, volatility | President Trump launched sweeping tariffs on countries worldwide, catching markets off guard and sparking panic. These tariffs pose serious inflationary threats and have created a lose-lose scenario for the Fed. The manager views these extreme tariffs as partly a negotiating tactic but acknowledges justified market fear. | RDDT LYFT CRWD EA UEC ASO DNUT UPST |
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| 2025 Q1 | Apr 9, 2025 | Maple Tree Capital – Jonagold | -13.6% | -13.6% | ASO, CRWD, DNUT, EA, GRDR, HIMS, LMND, LYFT, RDDT, UEC, UPST | AI, Concentration, cybersecurity, growth, nuclear, tariffs, technology, volatility | Upstart's latest AI model enhancements, including m18 and m19, set the company up well to execute in the newly unfavorable environment. Electronic Arts has consistently invested more in R&D than its peers, positioning itself to lead in the AI-driven future of gaming. Reddit holds incredibly unique and structured user-generated data, which will be extremely valuable in the AI era. | RDDT LYFT CRWD EA UEC ASO DNUT UPST |
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| 2026 Q1 | Apr 7, 2026 | Jacob Fund | - | - | CRCL, CRWD, HOOD, RDDT, VIR, WATT | AI, Biotechnology, cybersecurity, Fintech, growth, innovation, small cap, technology | VIR WATT HOOD RDDT CRCL |
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| 2024 Q1 | Apr 26, 2024 | Boyar Value Group | 0.0% | 0.0% | AAPL, AMZN, GOOGL, META, MSFT, MSTR, NVDA, RDDT, SMCI, TSLA | AI, contrarian, growth, interest rates, Market Concentration, Speculation, value | Investors continued their love affair with all things AI, sending Nvidia up 80% during 1Q 2024. Other stocks that investors believe will benefit from AI are drawing similar attention: Super Micro Computer Inc, and MicroStrategy, for example, advanced by 255% and 170%, respectively. Signs of speculation in the financial markets abound with these AI-related investments. | View | |
| 2025 Q1 | Apr 24, 2025 | NZS Capital – Growth | -3.6% | -3.6% | 1211.HK, AMT, APH, CDNS, GLBE, GOOGL, HEI, LIN, LMND, MCHP, MRVL, NVDA, PCOR, PGR, RDDT, TEAM, TSM, TT | aerospace, AI, growth, optionality, Resilience, technology, volatility | Markets experienced volatility with particular weakness in AI-related stocks. Alphabet was weak due to larger-than-expected capital expenditure outlook and perceived widening range of outcomes for AI, though the manager remains optimistic about Alphabet's positioning in AI. The portfolio was intentionally ringfenced for AI exposure in 2024 due to valuation concerns. | HEI |
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| 2026 Q1 | Apr 17, 2026 | Parnassus Mid Cap Growth Fund | -7.0% | -7.0% | ARES, BILL, BLDR, CSGP, DKS, EW, HOOD, HUBG, KLAC, ODFL, RDDT, RKLB, ROK, TER, VMC | AI, growth, Housing, industrials, mid cap, semiconductors, technology | View | ||
| 2026 Q1 | Apr 15, 2026 | Carillon Eagle Mid Cap Growth Fund | - | - | ARES, AXON, CASY, CVNA, PWR, RBLX, RDDT, TER, VRT, XPO | AI, defense, energy, Geopolitical, growth, healthcare, mid cap, technology | RDDT RBLX AXON CVNA ARES XPO PWR CASY TER VRT |
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| 2026 Q1 | Apr 15, 2026 | Brown Advisors Mid-Cap Growth strategy | -9.0% | -9.0% | AAON, ANDG, ARES, CCC, CSGP, DDOG, DKNG, DT, EFX, FICO, FIX, FTAI, GH, GWRE, HUBS, IT, LITE, LNG, LSCC, MDLN, MPWR, ODFL, OII, OS, PODD, PWR, RDDT, TOST, TTD, VOYG, VRSK, VRT, VST, WCN, WDAY, YSS | AI, energy, growth, industrials, mid cap, software, technology | GH FTAI ANDG RDDT TOST GWRE |
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| 2025 Q1 | Mar 31, 2025 | PGIM Jennison Global Opportunities Fund | -11.1% | -11.1% | 1211.HK, 1810.HK, AAPL, AMZN, APP, IOT, ISRG, MELI, META, MSFT, NFLX, NOW, NVDA, RDDT, SE, SHOP, SPOT, VRTX | AI, consumer discretionary, E-Commerce, global, growth, healthcare, Luxury, technology | AI accelerated computing segment underperformed, particularly semiconductor-related holdings led by Astera Labs. Concerns over potential excess capital spending on AI datacenters due to development of efficient reasoning models like DeepSeek led to major shift in investor sentiment away from companies correlated to AI computing infrastructure. AI Hypercalers were neutral to performance during the quarter. | View | |
| 2025 Q1 | Mar 31, 2025 | Baron Discovery Fund | -6.2% | -6.2% | AXON, CWAN, CYBR, DKNG, EXAS, GTLS, GWRE, INDI, INSP, KTOS, LLYVA, MASI, MEG, MRCY, NARI, PAR, RDDT, TEM, TTAN, WING | Biotechnology, defense, growth, Market Dislocation, small cap, tariffs, Value Investing | The fund has significant exposure to defense companies including Kratos Defense & Security Solutions and newly added Karman Holdings. These companies are positioned to benefit from growing defense spending on hypersonic missiles, space programs, and unmanned aircraft solutions. Karman specifically targets the fastest-growing segments of defense with 90% sole-sourced sales and proprietary IP-driven solutions. | ACLX KARM WING MEG INDI EXAS |
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| 2024 Q4 | Mar 1, 2025 | Columbia Global Technology Growth Fund | 6.1% | 31.7% | AAPL, ADBE, AMAT, AMD, AMZN, ASML, AVGO, GM, GOOGL, LRCX, META, MSFT, NVDA, RDDT, TSLA, TSM, UBER, V | AI, Cloud, global, growth, semiconductors, technology | AI remains the key market driver with continued focus on agentic AI workflows and autonomous problem-solving capabilities. Companies across all sectors are embracing agentic AI technology that can work around the clock on behalf of humans. Market participants continue searching for evidence that AI is being deployed by global enterprises and resulting in tangible productivity gains. | View | |
| 2025 Q4 | Feb 25, 2026 | Lord Abbett Developing Growth Fund | 1.7% | 14.6% | BBIO, CELH, CRDO, CRS, FIX, GH, KTOS, LRN, MDGL, MOD, RDDT, RKLB, WGS | AI, growth, Health Care, industrials, innovation, small caps, technology | Generative artificial intelligence continues to provide markets an additional tailwind through productivity gains. Innovation is flourishing in pioneering Gen AI companies in semiconductors and software, as well as industrial companies enabling datacenter expansion and power infrastructure to support it. AI is also playing a role in the emerging defense and space technology sector. The defense and space technology sector is experiencing a positive inflection as a historically low growth area sees advancement in autonomous software and hardware systems. AI's role is particularly exciting in this emerging sector. Industrial companies are enabling datacenter expansion and power infrastructure to support the growing artificial intelligence infrastructure needs. Health Care sector contributed to relative performance, with significant allocations to precision oncology companies and pharmaceutical companies focused on specialized treatments. | View | |
| 2024 Q4 | Dec 31, 2024 | Baron Discovery Fund | 6.1% | 16.0% | AXON, CDNA, CWAN, CYBR, DAY, DKNG, EXAS, FND, GTLS, GWRE, IRT, KTOS, LLYVA, MAC, MEG, PAR, RDDT, S, TTAN, VRNS | contrarian, growth, REITs, small caps, software, technology, value | Axon highlighted the 2025 launch of an AI bundle oriented around its innovative Draft One product which automates the process of report writing for public safety officers. This represents a significant expansion opportunity as Axon continues to find new areas of growth and pulls ahead of competition. | BC.MI IRT TTAN MAC PAR CHT |
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| 2024 Q4 | Dec 31, 2024 | BlackRock Science And Technology Term Trust | - | 19.8% | ALAB, CRDO, NVDA, RDDT, SPOT, TSLA | AI, Closed-End Fund, Covered Calls, semiconductors, technology | View | ||
| 2024 Q4 | Dec 31, 2024 | ClearBridge Investments Mid Cap Growth Strategy | - | - | APP, AZPN, DKNG, HUBS, ICLR, IDXX, MELI, MPWR, MRVL, MTD, NTRA, NU, PLTR, RDDT, RUBK, VEEV | AI, gaming, growth, healthcare, mid cap, semiconductors, software, technology | The fund is positioned in AI beneficiaries including AppLovin with its proprietary AI targeting engine for mobile advertising and Marvell as a key supplier of custom silicon solutions for hyperscale data centers and AI infrastructure. Palantir's AI-powered operating system connects data to existing customer applications across government and commercial markets. | PLTR RDDT MRVL APP |
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| 2024 Q3 | Dec 18, 2024 | Munro Global Growth Fund | 0.0% | 0.0% | 000660.KS, AMZN, APP, AVGO, AXON, CEG, CRH, FIX, GEV, META, MSFT, NVDA, ONON, RDDT, RHM.DE, SE, SN, TSLA, TSM, VRT | AI, defense, energy, growth, infrastructure, productivity, semiconductors, Trump | The emergence of large language models sees companies attempting to apply AI to nearly every industry. Unlike previous technology revolutions, AI is unique in that machine learning technologies can be applied to so many different industries. The potential for a step change in labour productivity for the whole economy is real and likely to translate to higher corporate earnings over time. | View | |
| 2025 Q3 | Oct 19, 2025 | Artisan Mid Cap Fund | 8.8% | 15.3% | ANET, ARGX, ASND, BKR, DASH, DXCM, INSM, IRTC, LPLA, LSCC, LYV, PSTG, RBC, RDDT, SHOP, SNOW, SPOT, TDY, TEAM, TYL, VCYT, WING, WST, WWD | AI, Biotechnology, Cloud, defense, growth, healthcare, mid cap, semiconductors | Healthcare sector holdings, particularly biotech, led outperformance with strong company-specific results. Argenx's VYVGART therapy showed strong growth with new subcutaneous formulation launch. Insmed received FDA approval for Brinsupri, the first once-daily oral treatment for non-cystic fibrosis bronchiectasis addressing over one million diagnosed patients. | SPOT WING LSCC INSM ARGX |
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| 2025 Q3 | Oct 15, 2025 | Lord Abbett Developing Growth Fund | 13.8% | 12.7% | ALAB, BROS, CRDO, FIX, GH, GWRE, INSM, KTOS, MTZ, RDDT, RMBS, SFM | AI, defense, growth, industrials, semiconductors, small caps, technology | Generative artificial intelligence continues to provide market tailwinds with productivity gains across sectors. AI is flourishing in semiconductors and software companies, as well as enabling datacenter expansion and power infrastructure. The emerging defense and space technology sector benefits from AI's role in autonomous software and hardware systems. | CSU US KRAT US ASTR US |
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| 2025 Q4 | Jan 22, 2026 | NewBridge Large Cap Growth Equity | 6.7% | 32.1% | ADBE, AMZN, ANET, AVGO, CELH, CSGP, GOOGL, LLY, MCK, META, MPWR, MSFT, NFLX, NOW, NVDA, RDDT, TSLA, TW, UBER, V, VRT, ZTS | Fed, fundamentals, growth, large cap, Quality, rates, technology, Trump | The portfolio benefits from AI-related opportunities through companies like Reddit, which has secured deals with high-profile AI/LLM leaders including Google and OpenAI. These partnerships are driving user base growth and advertiser interest as Reddit leverages its data for AI use cases. Vertiv Holdings was a standout performer during the quarter as it continues to benefit from large tech companies' intentions to increase data center capacity. The company is well-positioned for the ongoing data center expansion trend. The portfolio maintained its high-growth, high-quality mandate with 98% allocated to Emerging Growth and Established Growth companies. Growth factors were the best performing quantitative factors during the quarter, including Estimated Long-term Growth, Sales Growth, and Composite Growth. The portfolio includes significant exposure to cloud infrastructure and services companies that reported strong quarterly results. These companies benefit from continued digital transformation and enterprise cloud adoption trends. | CELH RDDT TW |
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| 2025 Q4 | Jan 18, 2026 | Octahedron Capital | 0.0% | 0.0% | ABNB, AMZN, BKNG, CART, CHWY, CPNG, CVNA, DASH, ETSY, EXPE, GOOGL, GRAB, MELI, META, NVDA, PINS, RDDT, SNOW, UBER, W | AI, Cloud, Digital, E-Commerce, growth, infrastructure, semiconductors, technology | AI infrastructure demand remains robust with cloud providers aggressively adding capacity and seeing strong bookings. Enterprise AI adoption is accelerating with over 70% of Google Cloud customers using AI products. AI is enabling productivity gains and new business models across software companies. On-demand delivery continues accelerating growth with companies like Uber reaching $12B grocery run-rate and DoorDash seeing highest growth in 3+ years. Cross-selling and new product initiatives are driving engagement while autonomous delivery platforms are being deployed. Cloud providers are seeing demand significantly ahead of capacity with AWS reaccelerating to 20.2% growth and Azure growing 40%. Multi-billion dollar bookings and long-term contracts are driving unprecedented infrastructure investments. Memory entering historic cycle with step-function margin gains and tight supply through 2026. AI networking components fully booked through 2027 while foundry utilization improves with increased capex outlook. Payment volumes remain stable with consumer loan charge-offs steady. NuBank continues dominating LATAM with Mexico scaling and strong unit economics while maintaining growth focus over margin optimization. US travel rebounded strongly in Q3 with nights and seats booked up 9% year-over-year. Booking.com's Genius program accounts for mid-50% of room nights while Airbnb received 110,000 experience supplier applications. | View | |
| 2023 Q4 | May 15, 2024 | Social Capital Group | - | - | GM, GOOGL, META, RDDT | AI, Deep Tech, Deglobalization, energy, technology, Venture Capital | Generative AI has significantly lowered barriers to entry for software companies and hard tech businesses through code-generating tools and AI-driven simulations. The ecosystem is developing rapidly with value creation concentrated in proprietary data and underlying infrastructure for AI applications. Traditional moats protecting incumbent businesses will erode as AI levels the playing field. | RKLB |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 23, 2026 | Fund Letters | Brown Advisors Mid-Cap Growth strategy | Reddit, Inc. | Internet Content & Information | Interactive Media & Services | Bull | New York Stock Exchange | advertising, AI Training Data, Data licensing, growth, social media, user engagement | View Pitch |
| Apr 23, 2026 | Fund Letters | Carillon Eagle Mid Cap Growth Fund | Internet Content & Information | Interactive Media & Services | Neutral | New York Stock Exchange | advertising, LLM Data Licensing, Online Community Platform, Revenue Growth, social media, stock buyback, Unique Audience, User growth | View Pitch | |
| Apr 13, 2026 | Fund Letters | Maple Tree Capital - Heartwood | Communication Services | Interactive Media & Services | Bull | NYSE | AI data, monetization, platform, social media, Stock Compensation, user engagement, User-generated content | View Pitch | |
| Apr 13, 2026 | Fund Letters | Maple Tree Capital - Jonagold | Communication Services | Interactive Media & Services | Bull | NYSE | AI Era, clean balance sheet, monetization, social media, stock dilution, user engagement, User-Generated Data | View Pitch | |
| Apr 13, 2026 | Fund Letters | ClearBridge Investments Mid Cap Growth Strategy | Reddit Inc | Communication Services | Interactive Media & Services | Bull | NYSE | advertising, AI Training Data, Community Platform, Data licensing, Early Stage Monetization, social media, User growth | View Pitch |
| Apr 9, 2026 | Fund Letters | Jacob Fund | Internet Content & Information | Interactive Media & Services | Bull | New York Stock Exchange | Ad Monetization, AI Training Data, Community Platform, Conversational Data, Data licensing, LLM, social media, User-generated content | View Pitch | |
| Jan 24, 2026 | Fund Letters | Erick Maronak | Reddit, Inc. | Communication Services | Interactive Media & Services | Bull | New York Stock Exchange | advertising, AI, Data, monetization, social media | View Pitch |
| Jan 10, 2026 | Seeking Alpha | Seeking Alpha | Reddit, Inc. | Social Media | Online Communities | Bull | NASDAQ Stock Market | advertising revenue, AI optimizations, conversion rates, financial health, growth potential, high P/E ratio, niche communities, Reddit, social media, user engagement | View Pitch |
| Oct 21, 2025 | Value Investors Club | mike126 | Reddit, Inc. | Communication Services | Digital Advertising | Bull | NYSE | adtech, AI data, AI licensing, digital advertising, Google partnership, OpenAI, UGC | 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 |
|---|---|---|---|---|---|---|---|---|
| Philippe Laffont | Coatue Management | $40.0B | $1.3B | 3.19% | 5,550,241 | -347,299 | -5.89% | 4.5746% |
| Daniel Sundheim | D1 Capital Partners | $10.7B | $487.0M | 4.55% | 2,118,597 | +94,000 | +4.64% | 1.7462% |
| Jonathan Lennon | Pleasant Lake Partners | $817.6M | $30.4M | 3.72% | 132,181 | -46,563 | -26.05% | 0.1089% |
| Chase Coleman III | Tiger Global Management | $29.7B | $883.6M | 2.97% | 3,843,915 | -828,600 | -17.73% | 3.1682% |
| Tim Campbell | Baillie Gifford | $120.3B | $1.4B | 1.14% | 5,980,918 | -126,267 | -2.07% | 4.9296% |
| Jo Taylor | Ontario Teachers' Pension Plan | $4.3B | $367,792 | 0.01% | 1,600 | -1,624 | -50.37% | 0.0013% |
| Paul Tudor Jones | Tudor Investment Corp | $53.4B | $19.8M | 0.04% | 86,300 | -768,100 | -89.90% | 0.0711% |
| Steven A. Cohen | Point72 Asset Management | $86.8B | $850,519 | 0.00% | 3,700 | +170,500 | +468.41% | 0.0030% |
| Ray Dalio | Bridgewater Associates | $27.4B | $176.5M | 0.64% | 767,816 | +150,608 | +24.40% | 0.6329% |
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $6.3M | 0.01% | 27,400 | +11,600 | +73.42% | 0.0226% |
| Israel Englander | Millennium Management LLC | $233.2B | $32.9M | 0.01% | 143,300 | -278,000 | -65.99% | 0.1181% |
| Aaron Weitman | CastleKnight Management LP | $4.5B | $3.6M | 0.08% | 15,700 | +7,900 | +101.28% | 0.0129% |
| Terrence Murphy | Clearbridge Investments | $124.9B | $75.3M | 0.06% | 327,738 | -3,937 | -1.19% | 0.2701% |
| David Siegel & John Overdeck | Two Sigma Investments | $67.5B | $11.0M | 0.02% | 47,811 | -142,195 | -74.84% | 0.0394% |
| Cliff Asness | AQR Capital Management | $190.6B | $48.6M | 0.03% | 211,320 | -49,859 | -19.09% | 0.1742% |
| Brian Ashford-Russell | Polar Capital Holdings | $25.8B | $124.7M | 0.48% | 542,583 | -216,179 | -28.49% | 0.4472% |
| Bruce Kovner | Caxton Associates | $3.2B | $2.5M | 0.08% | 15,010 | +3,962 | +35.86% | 0.0088% |
| Panayotis Sparaggis | Alkeon Capital Management | $63.1B | $91.9M | 0.15% | 400,000 | +200,000 | +100.00% | 0.3297% |
| Bret Barakett | Tremblant Capital | $3.9B | $77.3M | 1.97% | 336,361 | +336,361 | +100.00% | 0.2772% |
| Rich Handler | Jefferies | $19.3B | $1.3M | 0.01% | 5,501 | -1,504 | -21.47% | 0.0045% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $26.1M | 0.07% | 113,423 | +468 | +0.41% | 0.0935% |