Munro
Munro Global Growth Fund
Global Growth
Dec 2024 → Jun 2026
Our archive holds 6 letters from this strategy, behind 7 investment theses and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 3 years — follow all of Munro for every strategy.
What it bought and sold
we have since exited the position.
Also held
Its investment theses
- InfineonJun 2026Infineon is a power semiconductor leader benefiting from AI data-centre power bottlenecks and rising content per rack, with a long runway for earnings growth.
- Advanced Micro DevicesJun 2026Advanced Micro Devices is positioned to benefit from the shift to agentic AI, where CPUs gain importance and AMD expects a much larger CPU market by 2030.
- ARM HoldingsJun 2026ARM Holdings is viewed as a key beneficiary of agentic AI because its power-efficient CPU architecture is well suited to orchestration workloads.
- Alphabet Inc.Dec 2025Alphabet Inc. is a vertically integrated AI and cloud leader leveraging Gemini and proprietary TPUs to drive growth across Search, YouTube, and Google Cloud.
- AlphabetSep 2025Alphabet is a vertically integrated tech leader with strong AI, cloud and search franchises poised to double earnings.
- Axon EnterprisesDec 2024Axon Enterprises is a pioneering, founder-led company focused on public safety technologies, aiming to significantly reduce gun-related deaths and capture a larger share of the $77 billion market for law enforcement solutions.
- BroadcomDec 2024Broadcom is set to capitalize on the AI boom, with its custom silicon chips securing a dominant share of a rapidly growing market—potentially doubling AI revenues within three years.