Munro
Munro Concentrated Global Growth Fund
Global Growth
Jun 2025 → Jun 2026
Our archive holds 6 letters from this strategy, behind 3 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 2 years — follow all of Munro for every strategy.
What it bought and sold
we have since exited the position.
AMD contributed 194bps to performance for the June quarter, and ARM contributed 165bps over the same period.
Alphabet’s earnings also provided evidence to support further investment.
Also held
Its investment theses
- InfineonJun 2026Infineon is a power semiconductor leader benefiting from AI data centre power-efficiency needs and expanding semiconductor content.
- Advanced Micro DevicesJun 2026AMD is positioned to benefit from rising CPU demand as agentic AI shifts workloads from training GPUs toward orchestration.
- ArmJun 2026Arm is benefiting from the CPU renaissance in AI because its power-efficient architecture fits agentic workloads.