Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MELI | Sell | MERCADOLIBRE INC | $53,390,427 | +1.9% | 42,110 | -4.8% | 16.56% | +38.4% |
| ESTC | Buy | ELASTIC N V | $45,616,422 | +28.5% | 561,502 | +1.4% | 14.15% | +74.6% |
| SPOT | Buy | SPOTIFY TECHNOLOGY S A | $41,698,057 | +2.5% | 269,646 | +6.4% | 12.94% | +39.2% |
| Sell | GITLAB INC | $32,540,538 | -32.8% | 719,605 | -24.0% | 10.10% | -8.7% | |
| SHOP | Sell | SHOPIFY INCcl a | $32,043,395 | -28.4% | 587,198 | -15.3% | 9.94% | -2.7% |
| GLBE | Sell | GLOBAL E ONLINE LTD | $28,166,520 | -12.7% | 708,770 | -10.1% | 8.74% | +18.6% |
| Sell | GRAB HOLDINGS LIMITEDclass a ord | $23,008,616 | -5.0% | 6,499,609 | -8.0% | 7.14% | +29.1% | |
| DLO | Buy | DLOCAL LTD | $22,823,687 | +236.6% | 1,190,594 | +114.3% | 7.08% | +357.4% |
| SE | Buy | SEA LTDsponsord ads | $21,603,359 | +2.8% | 491,544 | +35.8% | 6.70% | +39.7% |
| Exit | SEA LTDnote 2.375%12/0 | $0 | – | -18,000,000 | – | -4.19% | – | |
| DLO | Exit | DLOCAL LTDcall | $0 | – | -2,741,400 | – | -7.64% | – |
| U | Exit | UNITY SOFTWARE INC | $0 | – | -1,088,807 | – | -10.79% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MELI | New | MERCADOLIBRE INC | $52,418,550 | – | 44,250 | – | 11.97% | – |
| New | GITLAB INC | $48,414,816 | – | 947,267 | – | 11.05% | – | |
| U | New | UNITY SOFTWARE INC | $47,276,000 | – | 1,088,807 | – | 10.79% | – |
| SHOP | New | SHOPIFY INCcl a | $44,771,159 | – | 693,052 | – | 10.22% | – |
| SPOT | New | SPOTIFY TECHNOLOGY S A | $40,690,755 | – | 253,446 | – | 9.29% | – |
| ESTC | New | ELASTIC N V | $35,499,204 | – | 553,637 | – | 8.10% | – |
| DLO | New | DLOCAL LTDcall | $33,458,787 | – | 2,741,400 | – | 7.64% | – |
| New | FARFETCH LTDnote 3.750% 5/0 | $32,825,200 | – | 40,000,000 | – | 7.49% | – | |
| GLBE | New | GLOBAL E ONLINE LTD | $32,272,019 | – | 788,276 | – | 7.37% | – |
| New | GRAB HOLDINGS LIMITEDclass a ord | $24,227,112 | – | 7,063,298 | – | 5.53% | – | |
| SE | New | SEA LTDsponsord ads | $21,011,176 | – | 362,012 | – | 4.80% | – |
| New | SEA LTDnote 2.375%12/0 | $18,370,980 | – | 18,000,000 | – | 4.19% | – | |
| DLO | New | DLOCAL LTD | $6,781,501 | – | 555,633 | – | 1.55% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FTCH | Exit | FARFETCH LTDord sh cl a | $0 | – | -183,236 | – | -0.31% | – |
| Exit | CAZOO GROUP LTD | $0 | – | -19,875,794 | – | -2.06% | – | |
| Exit | GRAB HOLDINGS LIMITEDclass a ord | $0 | – | -4,297,288 | – | -2.54% | – | |
| Exit | SEA LTDnote 2.375%12/0 | $0 | – | -15,000,000 | – | -3.40% | – | |
| SE | Exit | SEA LTDsponsord ads | $0 | – | -314,010 | – | -3.96% | – |
| Exit | BLOCK INCnote 0.125% 3/0 | $0 | – | -25,000,000 | – | -5.16% | – | |
| Exit | FARFETCH LTDnote 3.750% 5/0 | $0 | – | -40,000,000 | – | -8.22% | – | |
| Exit | GITLAB INC | $0 | – | -731,515 | – | -8.44% | – | |
| U | Exit | UNITY SOFTWARE INC | $0 | – | -1,380,039 | – | -9.90% | – |
| SPOT | Exit | SPOTIFY TECHNOLOGY S A | $0 | – | -520,033 | – | -10.11% | – |
| SHOP | Exit | SHOPIFY INCcl a | $0 | – | -1,772,369 | – | -10.75% | – |
| ESTC | Exit | ELASTIC N V | $0 | – | -684,247 | – | -11.06% | – |
| Exit | COINBASE GLOBAL INCnote 0.500% 6/0 | $0 | – | -77,000,000 | – | -11.41% | – | |
| MELI | Exit | MERCADOLIBRE INC | $0 | – | -68,000 | – | -12.68% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MELI | Sell | MERCADOLIBRE INC | $56,289,000 | +13.1% | 68,000 | -13.0% | 12.68% | +6.1% |
| Sell | COINBASE GLOBAL INCnote 0.500% 6/0 | $50,672,000 | +1.6% | 77,000,000 | -14.4% | 11.41% | -4.6% | |
| ESTC | Buy | ELASTIC N V | $49,088,000 | +40.5% | 684,247 | +32.5% | 11.06% | +31.9% |
| SHOP | Buy | SHOPIFY INCcl a | $47,748,000 | -5.9% | 1,772,369 | +9.1% | 10.75% | -11.6% |
| SPOT | Buy | SPOTIFY TECHNOLOGY S A | $44,879,000 | +16.8% | 520,033 | +27.0% | 10.11% | +9.6% |
| U | Buy | UNITY SOFTWARE INC | $43,968,000 | -11.5% | 1,380,039 | +2.2% | 9.90% | -16.9% |
| Sell | GITLAB INC | $37,468,000 | -28.6% | 731,515 | -26.0% | 8.44% | -33.0% | |
| SE | Buy | SEA LTDsponsord ads | $17,600,000 | +11.2% | 314,010 | +32.6% | 3.96% | +4.4% |
| New | SEA LTDnote 2.375%12/0 | $15,088,000 | – | 15,000,000 | – | 3.40% | – | |
| New | GRAB HOLDINGS LIMITEDclass a ord | $11,302,000 | – | 4,297,288 | – | 2.54% | – | |
| Sell | CAZOO GROUP LTD | $9,143,000 | -38.2% | 19,875,794 | -3.3% | 2.06% | -42.0% | |
| FTCH | Buy | FARFETCH LTDord sh cl a | $1,365,000 | +5.8% | 183,236 | +1.7% | 0.31% | -0.6% |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| New | GITLAB INC | $52,502,000 | – | 987,990 | – | 12.60% | – | |
| SHOP | New | SHOPIFY INCcl a | $50,730,000 | – | 1,623,893 | – | 12.17% | – |
| New | COINBASE GLOBAL INCnote 0.500% 6/0 | $49,868,000 | – | 90,000,000 | – | 11.96% | – | |
| MELI | New | MERCADOLIBRE INC | $49,787,000 | – | 78,175 | – | 11.94% | – |
| U | New | UNITY SOFTWARE INC | $49,696,000 | – | 1,349,696 | – | 11.92% | – |
| SPOT | New | SPOTIFY TECHNOLOGY S A | $38,434,000 | – | 409,616 | – | 9.22% | – |
| New | FARFETCH LTDnote 3.750% 5/0 | $35,506,000 | – | 40,000,000 | – | 8.52% | – | |
| ESTC | New | ELASTIC N V | $34,946,000 | – | 516,412 | – | 8.38% | – |
| New | BLOCK INCnote 0.125% 3/0 | $23,444,000 | – | 25,000,000 | – | 5.62% | – | |
| SE | New | SEA LTDsponsord ads | $15,829,000 | – | 236,750 | – | 3.80% | – |
| New | CAZOO GROUP LTD | $14,804,000 | – | 20,560,571 | – | 3.55% | – | |
| FTCH | New | FARFETCH LTDord sh cl a | $1,290,000 | – | 180,236 | – | 0.31% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AGCWW | Exit | ALTIMETER GROWTH CORP*w exp 09/30/202 | $0 | – | -100,479 | – | -0.01% | – |
| Exit | MELI KASZEK PIONEER CORPclass a ord | $0 | – | -25,000 | – | -0.02% | – | |
| Exit | ROCKET LAB USA INC | $0 | – | -500,000 | – | -0.51% | – | |
| AGC | Exit | ALTIMETER GROWTH CORPcl a | $0 | – | -846,597 | – | -0.54% | – |
| Exit | VELO3D INC | $0 | – | -2,000,000 | – | -1.05% | – | |
| Exit | SPIRE GLOBAL INC | $0 | – | -2,500,000 | – | -1.97% | – | |
| Exit | CAZOO GROUP LTD | $0 | – | -4,290,428 | – | -2.09% | – | |
| FTCH | Exit | FARFETCH LTDord sh cl a | $0 | – | -1,908,471 | – | -4.49% | – |
| SPOT | Exit | SPOTIFY TECHNOLOGY S A | $0 | – | -443,784 | – | -6.28% | – |
| Exit | FARFETCH LTDnote 3.750% 5/0 | $0 | – | -40,000,000 | – | -6.34% | – | |
| SE | Exit | SEA LTDsponsord ads | $0 | – | -422,892 | – | -8.46% | – |
| U | Exit | UNITY SOFTWARE INC | $0 | – | -1,198,495 | – | -9.50% | – |
| ESTC | Exit | ELASTIC N V | $0 | – | -1,130,295 | – | -10.57% | – |
| WIX | Exit | WIX COM LTD | $0 | – | -883,266 | – | -10.86% | – |
| MELI | Exit | MERCADOLIBRE INC | $0 | – | -104,756 | – | -11.04% | – |
| SHOP | Exit | SHOPIFY INCcl a | $0 | – | -131,219 | – | -11.17% | – |
| APP | Exit | APPLOVIN CORP | $0 | – | -3,326,422 | – | -15.11% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| APP | Buy | APPLOVIN CORP | $240,733,000 | +34.6% | 3,326,422 | +39.8% | 15.11% | +26.1% |
| SHOP | Buy | SHOPIFY INCcl a | $177,904,000 | -5.1% | 131,219 | +2.3% | 11.17% | -11.0% |
| MELI | Sell | MERCADOLIBRE INC | $175,927,000 | -12.2% | 104,756 | -18.6% | 11.04% | -17.8% |
| WIX | Buy | WIX COM LTD | $173,094,000 | +13.3% | 883,266 | +67.8% | 10.86% | +6.2% |
| ESTC | Sell | ELASTIC N V | $168,403,000 | -4.3% | 1,130,295 | -6.4% | 10.57% | -10.3% |
| U | Sell | UNITY SOFTWARE INC | $151,310,000 | +12.3% | 1,198,495 | -2.3% | 9.50% | +5.2% |
| SE | Buy | SEA LTDsponsord ads | $134,788,000 | +19.7% | 422,892 | +3.1% | 8.46% | +12.2% |
| SPOT | Buy | SPOTIFY TECHNOLOGY S A | $100,002,000 | +2.2% | 443,784 | +25.0% | 6.28% | -4.2% |
| FTCH | Buy | FARFETCH LTDord sh cl a | $71,529,000 | -9.2% | 1,908,471 | +22.0% | 4.49% | -14.9% |
| New | CAZOO GROUP LTD | $33,337,000 | – | 4,290,428 | – | 2.09% | – | |
| New | SPIRE GLOBAL INC | $31,325,000 | – | 2,500,000 | – | 1.97% | – | |
| New | VELO3D INC | $16,740,000 | – | 2,000,000 | – | 1.05% | – | |
| AGC | Buy | ALTIMETER GROWTH CORPcl a | $8,652,000 | +11.4% | 846,597 | +27.5% | 0.54% | +4.4% |
| New | ROCKET LAB USA INC | $8,065,000 | – | 500,000 | – | 0.51% | – | |
| New | MELI KASZEK PIONEER CORPclass a ord | $276,000 | – | 25,000 | – | 0.02% | – | |
| CHAA | Exit | CATCHA INVESTMENT CORP | $0 | – | -500,000 | – | -0.32% | – |
| IACC | Exit | ION ACQUISITION CORP 3 LTD | $0 | – | -500,000 | – | -0.33% | – |
| VYGG | Exit | VY GLOBAL GROWTH | $0 | – | -500,000 | – | -0.33% | – |
| LDHAU | Exit | LDH GROWTH CORP Iunit 03/17/2026 | $0 | – | -500,000 | – | -0.34% | – |
| BTWN | Exit | BRIDGETOWN HOLDINGS LTD | $0 | – | -500,000 | – | -0.34% | – |
| BTNB | Exit | BRIDGETOWN 2 HOLDINGS LTDcl a | $0 | – | -500,000 | – | -0.34% | – |
| LEAP | Exit | RIBBIT LEAP LTD | $0 | – | -500,000 | – | -0.36% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MELI | New | MERCADOLIBRE INC | $200,458,000 | – | 128,681 | – | 13.43% | – |
| SHOP | New | SHOPIFY INCcl a | $187,398,000 | – | 128,269 | – | 12.55% | – |
| APP | New | APPLOVIN CORP | $178,845,000 | – | 2,379,207 | – | 11.98% | – |
| ESTC | New | ELASTIC N V | $175,948,000 | – | 1,207,109 | – | 11.78% | – |
| WIX | New | WIX COM LTD | $152,806,000 | – | 526,410 | – | 10.23% | – |
| U | New | UNITY SOFTWARE INC | $134,749,000 | – | 1,226,889 | – | 9.02% | – |
| New | FARFETCH LTDnote 3.750% 5/0 | $130,298,000 | – | 40,000,000 | – | 8.73% | – | |
| SE | New | SEA LTDsponsord ads | $112,611,000 | – | 410,092 | – | 7.54% | – |
| SPOT | New | SPOTIFY TECHNOLOGY S A | $97,861,000 | – | 355,095 | – | 6.55% | – |
| FTCH | New | FARFETCH LTDord sh cl a | $78,772,000 | – | 1,564,181 | – | 5.28% | – |
| AGC | New | ALTIMETER GROWTH CORPcl a | $7,768,000 | – | 663,893 | – | 0.52% | – |
| LEAP | New | RIBBIT LEAP LTD | $5,345,000 | – | 500,000 | – | 0.36% | – |
| BTNB | New | BRIDGETOWN 2 HOLDINGS LTDcl a | $5,100,000 | – | 500,000 | – | 0.34% | – |
| BTWN | New | BRIDGETOWN HOLDINGS LTD | $5,060,000 | – | 500,000 | – | 0.34% | – |
| LDHAU | New | LDH GROWTH CORP Iunit 03/17/2026 | $5,000,000 | – | 500,000 | – | 0.34% | – |
| VYGG | New | VY GLOBAL GROWTH | $4,975,000 | – | 500,000 | – | 0.33% | – |
| IACC | New | ION ACQUISITION CORP 3 LTD | $4,905,000 | – | 500,000 | – | 0.33% | – |
| CHAA | New | CATCHA INVESTMENT CORP | $4,840,000 | – | 500,000 | – | 0.32% | – |
| AGCWW | New | ALTIMETER GROWTH CORP*w exp 09/30/202 | $321,000 | – | 100,479 | – | 0.02% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TEAM | Exit | ATLASSIAN CORP PLCcl a | $0 | – | -37,850 | – | -1.32% | – |
| STNE | Exit | STONECO LTD | $0 | – | -139,598 | – | -1.42% | – |
| FTCH | Exit | FARFETCH LTDord sh cl a | $0 | – | -293,684 | – | -1.42% | – |
| RTPU | Exit | REINVENT TECHNOLOGY PARTNERSunit 99/99/9999 | $0 | – | -2,000,000 | – | -4.41% | – |
| DGNRU | Exit | DRAGONEER GROWTH OPPORTUN COunit 08/18/2027 | $0 | – | -2,059,423 | – | -4.84% | – |
| ARCE | Exit | ARCO PLATFORM LTD | $0 | – | -741,175 | – | -5.81% | – |
| LEAPU | Exit | RIBBIT LEAP LTDunit 99/99/9999 | $0 | – | -2,894,636 | – | -7.22% | – |
| SHOP | Exit | SHOPIFY INCcl a | $0 | – | -41,225 | – | -8.09% | – |
| SPOT | Exit | SPOTIFY TECHNOLOGY S A | $0 | – | -181,150 | – | -8.43% | – |
| U | Exit | UNITY SOFTWARE INC | $0 | – | -520,040 | – | -8.71% | – |
| ESTC | Exit | ELASTIC N V | $0 | – | -429,658 | – | -8.89% | – |
| MELI | Exit | MERCADOLIBRE INC | $0 | – | -53,926 | – | -11.20% | – |
| Exit | SNAP INCnote 0.750% 8/0 | $0 | – | -49,500,000 | – | -13.19% | – | |
| SE | Exit | SEA LTDsponsord ads | $0 | – | -509,278 | – | -15.05% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SE | Buy | SEA LTDsponsord ads | $78,449,000 | +155.2% | 509,278 | +77.6% | 15.05% | -18.7% |
| New | SNAP INCnote 0.750% 8/0 | $68,748,000 | – | 49,500,000 | – | 13.19% | – | |
| MELI | Buy | MERCADOLIBRE INC | $58,374,000 | +35.7% | 53,926 | +23.6% | 11.20% | -56.7% |
| ESTC | Buy | ELASTIC N V | $46,356,000 | +38.6% | 429,658 | +18.5% | 8.89% | -55.8% |
| U | New | UNITY SOFTWARE INC | $45,389,000 | – | 520,040 | – | 8.71% | – |
| SPOT | Buy | SPOTIFY TECHNOLOGY S A | $43,942,000 | +32.0% | 181,150 | +40.5% | 8.43% | -57.9% |
| SHOP | New | SHOPIFY INCcl a | $42,172,000 | – | 41,225 | – | 8.09% | – |
| LEAPU | New | RIBBIT LEAP LTDunit 99/99/9999 | $37,630,000 | – | 2,894,636 | – | 7.22% | – |
| ARCE | Buy | ARCO PLATFORM LTD | $30,270,000 | +17.9% | 741,175 | +25.5% | 5.81% | -62.4% |
| DGNRU | New | DRAGONEER GROWTH OPPORTUN COunit 08/18/2027 | $25,228,000 | – | 2,059,423 | – | 4.84% | – |
| RTPU | New | REINVENT TECHNOLOGY PARTNERSunit 99/99/9999 | $22,980,000 | – | 2,000,000 | – | 4.41% | – |
| FTCH | New | FARFETCH LTDord sh cl a | $7,389,000 | – | 293,684 | – | 1.42% | – |
| STNE | New | STONECO LTD | $7,383,000 | – | 139,598 | – | 1.42% | – |
| TEAM | New | ATLASSIAN CORP PLCcl a | $6,881,000 | – | 37,850 | – | 1.32% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MELI | New | MERCADOLIBRE INC | $43,005,000 | – | 43,626 | – | 25.89% | – |
| ESTC | New | ELASTIC N V | $33,434,000 | – | 362,583 | – | 20.12% | – |
| SPOT | New | SPOTIFY TECHNOLOGY S A | $33,281,000 | – | 128,900 | – | 20.03% | – |
| SE | New | SEA LTDsponsored ads | $30,743,000 | – | 286,678 | – | 18.50% | – |
| ARCE | New | ARCO PLATFORM LTD | $25,672,000 | – | 590,437 | – | 15.45% | – |