Munro
Munro Global Growth Fund
Global Growth
Dec 2024 → Jun 2026
Our archive holds 6 letters from this strategy, behind 5 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.
Performance
as of Jun 30, 2026 · net of fees · AUD · MUNRO GLOBAL GROWTH FUND (AUD)
- YTD+20.6%
- 1Y+20.6%
- 3Y · /yr+23.6%
- 5Y · /yr+12.1%
- Inception · /yr+14.5%
| YTD | 1Y | 3Yper year | 5Yper year | Since inceptionper year | |
|---|---|---|---|---|---|
| Munro Global Growth Fund | +20.6% | +20.6% | +23.6% | +12.1% | +14.5% |
Calendar years
- 2025+16.9%
- 2024+34.0%
- 2023+8.7%
- 2022−13.9%
- 2021+24.2%
- 2020+23.6%
- 2019+3.1%
- 2018+21.0%
- 2017+12.9%
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 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 →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.
- 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.