Lakehouse Capital
Lakehouse Capital Global Growth Fund
Global Large-cap Growth
Mar 2025 → Aug 2026
Our archive holds 8 letters from this strategy, behind 10 investment theses and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.
8 letters in 2 years · follow all of Lakehouse Capital for every strategy.
Performance
as of Aug 31, 2026 · net of fees · AUD
- 1Y−20.0%index +11.7%
- 3Y · /yr+9.7%index +16.5%
- 5Y · /yr+1.5%index +11.3%
- Inception · /yr+12.5%index +12.4%
Index: MSCI All Country World Index net total returns (AUD)
| 1Y | 3Yper year | 5Yper year | Since inceptionper year | |
|---|---|---|---|---|
| Lakehouse Capital Global Growth Fund | −20.0% | +9.7% | +1.5% | +12.5% |
| MSCI All Country World Index net total returns (AUD) | +11.7% | +16.5% | +11.3% | +12.4% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Aug 31, 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 →Also held
Its investment theses
- AdyenAug 2026Adyen has durable growth runway from wallet share expansion and platform expansion beyond core payments, making it stickier and enlarging its addressable market.
- SansanJul 2026Sansan is attractive for its strong revenue growth, operational leverage, expanding margins, and management’s credible growth and profitability targets.
- AlphabetJul 2026Alphabet is a core holding because its integrated AI stack and ongoing reinvestment position it to benefit from AI adoption over the long term.
- ServiceNowFeb 2026ServiceNow is a mission-critical enterprise workflow platform monetizing Gen-AI with strong growth, high renewals, and an attractive valuation.
- WorkivaFeb 2026Workiva is the leading cloud reporting and compliance platform with sticky demand, accelerating margins, and growing AI-enabled capabilities.
- SansanFeb 2026Sansan is Japan's leading business contact platform expanding into adjacent products, leveraging AI, and showing strong operating leverage at a low valuation.
- MercadoLibreFeb 2026MercadoLibre is Latin America's leading e-commerce and fintech platform with strong network effects, rapid growth, AI integration, and a historically low valuation.
- AdyenFeb 2026Adyen is a unified global payments platform gaining share with superior economics, data-driven AI features, and an attractive low valuation.
- PinterestJun 2025Pinterest 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.
- KinaxisMar 2025Kinaxis is a top investment in supply chain planning software with a strong reputation, high customer retention, and growing free cash flow margins as it transitions to a full cloud offering.