Buffalo funds
Buffalo Growth Fund
US Mega-cap Growth
Mar 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 3 investment theses and positions in 17 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Buffalo funds for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Institutional Class - BIIGX
- 1Y+5.0%index +7.6%
- 3Y · /yr+18.5%index +23.8%
- 5Y · /yr+9.3%index +13.1%
- 10Y · /yr+13.9%index +17.6%
- Inception · /yr+11.1%index +11.2%
Index: Russell 3000® Growth Index
| 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Buffalo Growth Fund | +5.0% | +18.5% | +9.3% | +13.9% | +11.1% |
| Russell 3000® Growth Index | +7.6% | +23.8% | +13.1% | +17.6% | +11.2% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We trimmed the investment position following the strong run, but plan to continue to hold the balance as we see the setup improving from here.
- ExitedSandisk CorporationSep 2026
We decided to take losses on Sandisk and move on from a space that has historically been incredibly cyclical.
Also held
Its investment theses
- Snowflake Inc.Sep 2026Snowflake is a cloud infrastructure software provider whose AI coding agent CoCo reaccelerated revenue growth to 35%, with growth expected to accelerate to 40%+ as enterprises adopt AI.
- Thermo Fisher Scientific Inc.Sep 2026Thermo Fisher Scientific, a life sciences tools provider, has turned a corner with stabilizing China and academic/government markets and improving pharma and biotech spending.
- Broadcom Inc.Sep 2026Broadcom, a custom ASIC chip design house, offers favorable risk/reward with potential FY28 EPS of $40 versus a $30 base case, backed by good management.