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 Q3 | Oct 9, 2025 | Forager International Shares Fund | 2.9% | - | 4194.T, 5038.T, BVS.AX, CAT.AX, CCL.AX, CLH, CRH, CSL.AX, CTD.AX, DMP.AX, EML.AX, FI, FIX, GTK.AX, HPG.AX, IEL.AX, INCH.L, INGA.AS, JHX.AX, LLOY.L, MTX.DE, NUTX, PPE.AX, PPS.AX, REH.AX, RUL.AX, TSCO.L, TSLA, ZEG.L | Australia, Discipline, gold, Japan, small caps, value | Small companies are finally showing signs of a strong, broad-based recovery after years of struggling against high interest rates and passive flows into larger companies. The Australian S&P/ASX Small Ordinaries Index is up 22.8% for the calendar year, well in excess of the 11.5% return from the All Ordinaries. This small cap outperformance is supported by global small-cap strength, with the MSCI World Micro Cap Index up 18.8% in Australian dollars. | INCH LN VIS JP FI US ZEG LN CRH US FIX US |
View |
| 2025 Q3 | Oct 14, 2025 | Lakehouse Small Companies Fund | - | - | CAT, CAT.AX, FCL.AX, OBJ.AX, PNI.AX, RUL.AX, SDR.AX | Australia, growth, small caps, technology, Travel | SiteMinder's Investor Day confirmed strong growth momentum in the hospitality technology sector. The company demonstrated robust unit economics with customer lifetime value to customer acquisition cost exceeding 5 times across all core regions, indicating healthy growth and strong product-market fit. The Smart Platform represents significant opportunity to increase value capture from 0.3% to 1.5% of gross booking value over time. | SMM AU |
View |
| 2025 Q1 | Mar 31, 2025 | Lakehouse Small Companies Fund | - | - | CAT.AX, FCL.AX, NAN.AX, PNI.AX, RUL.AX, SDR.AX | Australia, growth, healthcare, small caps, software, technology, Trade Policy | Fund holds multiple software companies including FINEOS (insurance software), Catapult (sports analytics), and RPM Global (mining software). FINEOS serves major insurers and is transitioning to subscription revenue model. Catapult aims to scale from $100M to $1B in annual contract revenue with significant market penetration opportunity. | RUL.AX NAN.AX CAT.AX PNI.AX FCL.AX |
View |
| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| Apr 13, 2026 | Fund Letters | Lakehouse Small Companies Fund | RPM Global Holdings | Information Technology | Application Software | Bull | ASX | capital allocation, divestiture, Enterprise software, founder-led, M&A Target, Mining Software, Mining Technology, Share Buybacks | 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. | ||||||||