Investment Commentary

2025 Third Quarter Investor Letter

October 20, 2025

2025 Second Quarter Investor Letter

July 11, 2025

2025 First Quarter Investor Letter

April 23, 2025

2024 Fourth Quarter Investor Letter

January 22, 2025

2024 Third Quarter Investor Letter

October 23, 2024

2024 Second Quarter Investor Letter

July 23, 2024