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Lakehouse Capital

Dec 2024 → Aug 2026 · Publishes monthly · 2 funds

Our archive holds 11 letters from Lakehouse Capital, behind 13 investment theses and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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11
Letters
13
Companies
0
Moves
13
Theses

2 strategies

Lakehouse Capital 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.

Companies held · 13

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

Theses · 13

  • Adyen
    August 2026

    Adyen has durable growth runway from wallet share expansion and platform expansion beyond core payments, making it stickier and enlarging its addressable market.

    Read the full thesis
  • Sansan
    July 2026

    Sansan is attractive for its strong revenue growth, operational leverage, expanding margins, and management’s credible growth and profitability targets.

    Read the full thesis
  • Alphabet
    July 2026

    Alphabet is a core holding because its integrated AI stack and ongoing reinvestment position it to benefit from AI adoption over the long term.

    Read the full thesis
  • ServiceNow
    February 2026

    ServiceNow is a mission-critical enterprise workflow platform monetizing Gen-AI with strong growth, high renewals, and an attractive valuation.

    Read the full thesis
  • FINEOS Corporation Holdings plc
    February 2026

    FINEOS Corporation Holdings plc is a cloud-native core insurance software provider with expanding profitability, embedded AI, sticky enterprise relationships, revenue visibility to 2027, and an attractive valuation versus peers.

    Read the full thesis
  • SiteMinder Limited
    February 2026

    SiteMinder Limited is a hotel commerce and distribution platform with accelerating growth, resilient per-property pricing, essential AI-era infrastructure, improving unit economics, and an attractive valuation.

    Read the full thesis
  • Workiva
    February 2026

    Workiva is the leading cloud reporting and compliance platform with sticky demand, accelerating margins, and growing AI-enabled capabilities.

    Read the full thesis
  • Sansan
    February 2026

    Sansan is Japan's leading business contact platform expanding into adjacent products, leveraging AI, and showing strong operating leverage at a low valuation.

    Read the full thesis
  • MercadoLibre
    February 2026

    MercadoLibre is Latin America's leading e-commerce and fintech platform with strong network effects, rapid growth, AI integration, and a historically low valuation.

    Read the full thesis
  • Adyen
    February 2026

    Adyen is a unified global payments platform gaining share with superior economics, data-driven AI features, and an attractive low valuation.

    Read the full thesis
  • Cogstate Ltd
    February 2026

    Cogstate Ltd is a neurocognitive assessment provider for CNS clinical trials with surging contract wins, growing backlog and channel leverage, positioning it to capture large Phase 3 opportunities.

    Read the full thesis
  • Pinterest
    June 2025

    Pinterest is a unique visual discovery platform with strong commercial intent and significant growth potential in advertising, bolstered by recent CEO leadership and innovative tools that enhance monetization strategies.

    Read the full thesis

Letter archive · 11

2026

2025

2024

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