HF Best Ideas
AnalysesQuarterly LettersInsightsChartsWarren AI
All funds

Generation

Dec 2024 → Oct 2026 · Publishes quarterly · 3 funds

Our archive holds 6 letters from Generation, behind 11 investment theses and positions in 17 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

Get an email when this fund publishes its next letter

6
Letters
17
Companies
7
Moves
11
Theses

3 strategies

Generation publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

What they bought and sold · 7 moves

  • ExitedEquifax
    October 2026
    “In both cases, developments damaged our view of the quality of the business, its management, or both, and we exited the positions.”
    Read the letter
  • ExitedCharles Schwab
    October 2026
    “Alongside our exit from Cooper Companies, we exited Charles Schwab.”
    Read the letter
  • New positionSynopsys
    October 2026
    “during the past quarter we initiated a position in Synopsys.”
    Read the letter
  • ExitedCooper Companies
    October 2026
    “In both cases, developments damaged our view of the quality of the business, its management, or both, and we exited the positions.”
    Read the letter
  • AddedSAP
    March 2026
    “Within the past 12 months we have added several companies to our Focus List, including cybersecurity software firm CrowdStrike and business technology company SAP.”
    Read the letter
  • AddedCrowdStrike
    March 2026
    “Within the past 12 months we have added several companies to our Focus List, including cybersecurity software firm CrowdStrike and business technology company SAP.”
    Read the letter
  • AddedAgilent Technologies
    March 2025
    “The newest investment in this bucket is Agilent.”
    Read the letter

Companies held · 17

Every company Generation has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 11

  • Microsoft
    October 2026

    Microsoft is expected to generate sustainable recurring AI revenue and act as a key conduit for AI adoption across the economy.

    Read the full thesis
  • Synopsys
    October 2026

    Synopsys is attractive because it dominates chip-design software and benefits from high switching costs and a moated position.

    Read the full thesis
  • ASML
    October 2026

    ASML is attractive because it is the sole supplier of EUV lithography machines and sits at a critical, moated bottleneck in the chip supply chain.

    Read the full thesis
  • Cadence Design Systems
    October 2026

    Cadence Design Systems is attractive because it jointly dominates chip-design software and benefits from high switching costs.

    Read the full thesis
  • West Pharmaceutical Services
    July 2026

    West Pharmaceutical Services makes injectable-drug packaging components and is attractive for its entrenched market share, regulatory and biologics tailwinds, high margins, and strong management.

    Read the full thesis
  • Sika
    March 2026

    Sika is a specialty chemicals company with mission-critical products, strong competitive advantages, and long-term growth tailwinds in construction and infrastructure.

    Read the full thesis
  • Adyen
    December 2025

    Adyen is a differentiated global payments platform with a unified modern stack, scale, and long-term culture that create durable moats, improving performance, and a long runway across omni-commerce and embedded finance.

    Read the full thesis
  • Agilent Technologies
    March 2025

    Agilent is well-positioned for growth due to its strong market position in analytical instruments, resilient recurring revenue streams, and emerging demand drivers, despite short-term challenges from economic uncertainty.

    Read the full thesis
  • ASML
    December 2024

    ASML is a critical player in the semiconductor industry with a near-monopolistic position in lithography equipment

    Read the full thesis
  • Becton Dickinson
    December 2024

    Becton Dickinson is a stable US medical device company with a 60% market share

    Read the full thesis
  • Kingspan
    December 2024

    Kingspan is a global leader in high-performance insulation solutions with strong growth potential due to low market penetration

    Read the full thesis

Letter archive · 6

2026

2025

2024

Get Generation’s next letter the day it lands

We track Generation alongside hundreds of other managers, read every letter, and pull out what they bought and sold. Warren AI reads the whole archive for you.

View plans→
Share this fund