Saga Partners
Our archive holds 3 letters from Saga Partners, behind 6 investment theses and positions in 1 company. Every quote below is copied verbatim from the letter it came from.
Saga Partners’s own letters pageWhat they bought and sold · 1 move
- AddedCarvanaMarch 2026
“In both cases, after I added to each holding, the shares fell further.”
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Companies held · 1
Every company Saga Partners has disclosed a position in across our archive, with the letter that last mentioned it.
- CarvanaMar 2026
Theses · 6
- March 2026
The Trade Desk is viewed as the leading independent DSP with structural advantages, long-term growth potential, and a valuation that appears unusually attractive despite recent slowdown and AI/competition concerns.
Read the full thesis - December 2025
Carvana is building a vertically integrated used-car platform with compounding operating leverage and significant scalable capacity that the market undervalues.
Read the full thesis - December 2025
The Trade Desk is a scaled independent DSP aligned with advertisers, positioned to gain share as it optimizes open-internet ad spend despite cyclical headwinds.
Read the full thesis - December 2025
Trupanion offers lifetime-aligned, direct-pay pet insurance with improving unit economics and a long runway from low U.S. penetration.
Read the full thesis - December 2025
Roku is a leading connected TV operating system leveraging engagement, data, and ad inventory to capture the shift of TV viewing and advertising to streaming.
Read the full thesis - December 2025
Wise is a low-cost cross-border payments network with scale-driven cost advantages and platform expansion that support long-term share gains.
Read the full thesis
Letter archive · 3
Funds · 2
- Saga Partners2
- Saga Portfolio1
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