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Munro

Dec 2024 → Mar 2026 · Publishes quarterly · 5 funds

Our archive holds 20 letters from Munro, behind 19 investment theses. Every quote below is copied verbatim from the letter it came from.

Munro’s own letters page
20
Letters
0
Companies
0
Moves
19
Theses

Theses · 19

  • Contemporary Amperex Technology Co., Limited
    March 2026

    Contemporary Amperex Technology Co., Limited is the global leader in EV/ESS batteries with scale, innovation, and pricing pass-throughs supporting multi-year profitable growth.

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  • Constellation Energy
    December 2025

    Constellation Energy operates a large carbon-free nuclear fleet poised to benefit from tight US power supply and rising AI-driven electricity demand supporting higher earnings.

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  • Legence Corp
    December 2025

    Legence Corp provides MEP services that improve building energy efficiency, leveraging a skilled workforce and strong exposure to fast-growing data center and life sciences markets.

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  • TKO Group Holdings, Inc.
    December 2025

    TKO Group Holdings, Inc. is a vertically integrated sports entertainment leader combining UFC and WWE with year-round content, rising media rights, industry-leading margins, solid FCF growth, and an attractive valuation.

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  • Ciena Corporation
    December 2025

    Ciena Corporation is an optical networking leader benefiting from AI-driven scale-across data center demand, strong product leadership with WaveLogic 6, accelerating revenue growth, and large hyperscaler orders.

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  • Alphabet Inc.
    December 2025

    Alphabet Inc. is a vertically integrated AI and cloud leader leveraging Gemini and proprietary TPUs to drive growth across Search, YouTube, and Google Cloud.

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  • Linde plc
    December 2025

    Linde plc is a leading industrial gases company with substantial decarbonisation opportunities and disciplined execution, including blue hydrogen projects and efficiency-driven earnings growth.

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  • Alphabet
    September 2025

    Alphabet is a vertically integrated tech leader with strong AI, cloud and search franchises poised to double earnings.

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  • Legence
    September 2025

    Legence is an energy efficiency service provider with a skilled workforce and strong exposure to data centers, life sciences, and building retrofits.

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  • Linde
    September 2025

    Linde is an industrial gas leader with efficiency-enhancing products and strong exposure to blue hydrogen and clean energy projects.

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  • TKO Group Holdings
    September 2025

    TKO Group Holdings is a vertically integrated sports entertainment leader uniting UFC and WWE, driving high-margin growth through always-on content and expanding media rights deals.

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  • Constellation Energy
    June 2025

    Constellation Energy is an independent power producer with the largest nuclear fleet in the US, providing over 180TWh of carbon-free electricity annually, and recently signed a 20-year power purchase agreement with Meta to deliver 1.1GW of nuclear power starting in 2027.

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Letter archive · 20

2026

2025

2024

Funds · 5

  • Munro Climate Change Leaders Fund5
  • Munro Concentrated Global Growth Fund5
  • Munro Global Growth Fund5
  • Munro Global growth Small Mid Cap Fund4
  • Munro Global Growth Small and Mid Cap Fund1

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