What smart money is saying about MongoDB Inc
MDB · Technology · Software - Infrastructure · Market cap $26.76B
2 funds in our archive have pitched MongoDB Inc, most recently Artisan U.S. Mid-Cap Growth Strategy in December 2025.
Company profile
MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
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Fund signal · last 12 months
10 lettersToo few moves on MongoDB Inc yet for a clear signal
−2
Net flow
1 buy · 1 new position · 25%3 sells · 2 full exits
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 11 fund letters reported a position in MongoDB Inc, with 2 buys (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 1 | 0 |
| Q2 2026 | 6 | 1 | 2 | 0 |
| Q1 2026 | 2 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 1 | 1 | 0 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 11 positions · 7 moves
- September 2026
“We exited the consumption-priced software positions initiated in June, Datadog, CrowdStrike and MongoDB, as the sell-off opened wider gaps elsewhere,”
MongoDB Inc - September 2026
“Trading activity When the market offers world class franchises back at material discounts to where you sold them weeks earlier, while their earnings power strengthens, sitting still is the greater risk. Three months ago the Fund's activity told the quarter's story better than its contributor tables, and it did so again. In June we had rebuilt Apple from c.1% of the Fund to c.8.7%. This quarter, as Apple rose and the semiconductor complex fell, we reversed the trade, selling almost all of Apple after a strong run, and almost all of Amazon, and putting the proceeds into the companies that had fallen furthest: memory, optics and semiconductors. We rebuilt Kioxia and Arm at discounts of c.55% and c.40% to the prices at which we had sold them in June, doubled our holdings in Micron and SK hynix, and substantially increased Credo, Ibiden, Astera Labs and Elite Material. TSMC, which grew second quarter revenue 34% to $40.2 billion, became the Fund's second largest position after Nvidia. We also initiated SpaceX, Intel and Cerebras, and returned to Ciena and Lasertec. Intel, a position we opened in mid September, was among our largest omissions three months ago. Its second quarter made the case for owning it: revenue rose 25% to $16.1 billion, which management called its fastest growth in more than fifteen years, with server processors up 59% at a 40% operating margin and non-GAAP gross margin at 41.8%. Output on its 18A process ran c.25% above target, and Intel says it is the first company to ship a high volume product made with ASML's High-NA EUV lithography, the newest generation of chipmaking scanners. Agentic AI, in which software agents carry out multistep tasks, is the driver: the work around each accelerator runs on CPUs, and on figures Intel cites the ratio is moving from c.one CPU for every four GPUs in training towards one to one. The test still ahead is the foundry, where external revenue remains small and the next process needs a committed outside customer. We exited the consumption-priced software positions initiated in June, Datadog, CrowdStrike and MongoDB, as the sell-off opened wider gaps elsewhere, and sold Alibaba after a strong recovery, and BYD as described above.”
MongoDB Inc - June 2026
“MongoDB is a leading database software provider for modern, cloud-native applications. Recent results exceeded expectations, although the relatively stable growth in its core Atlas cloud database continued to trail elevated investor expectations. Management highlighted continued demand from enterprise customers and AI-related workloads, while its Enterprise Advanced self-managed product remained an important contributor to growth. However, our recent work suggests that AI is also increasing medium-term competitive risks by reducing switching costs and placing greater pricing pressure on the database layer. We reduced the position throughout the quarter and moved toward a full HarvestSM as we reassessed the long-term competitive landscape.”
MongoDB Inc - June 2026
“Performance Deconstruction While Montaka delivered positive returns in the June quarter, performance over the last 12-month period was materially negative – driven overwhelmingly by the declines experienced in the March quarter related to the ‘SaaSpocalypse’ (the selloff in software and AI–exposed names). We shared our detailed analysis of this selloff, and why we believe many competitively advantaged businesses have been drastically oversold in our most recent whitepaper: Where Advantages Lie (and Lie) in the Age of AI. Declines in ServiceNow, Microsoft, KKR, Salesforce and Meta Platforms were among the largest detractors from portfolio performance over the 12 months. Partially offsetting these were gains in Alphabet, MongoDB and TSMC.”
MongoDB Inc - June 2026
“MongoDB is a leading database software provider for modern, cloud-native applications. Recent results exceeded expectations, although the relatively stable growth in its core Atlas cloud database continued to trail elevated investor expectations. Management highlighted continued demand from enterprise customers and AI-related workloads, while its Enterprise Advanced self-managed product remained an important contributor to growth. However, our recent work suggests that AI is also increasing medium-term competitive risks by reducing switching costs and placing greater pricing pressure on the database layer. We reduced the position throughout the quarter and ultimately exited as we reassessed the long-term competitive landscape.”
MongoDB Inc - HoldsMontaka Global FundJune 2026
Listed in Montaka Global Fund’s reported holdings.
MongoDB Inc - New positionLiontrust Global Technology FundJune 2026
“software derated on AI disruption fears where we judge the economics intact: we roughly doubled Palantir, more than doubled Cadence, and initiated Datadog, CrowdStrike and MongoDB, consumption priced infrastructure software whose workloads (observability, security, data) multiply as agents proliferate.”
MongoDB Inc - New positionLiontrust GF Global Technology FundJune 2026
“We roughly doubled Palantir, more than doubled Cadence, and initiated Datadog, CrowdStrike and MongoDB, consumption priced infrastructure software whose workloads (observability, security, data) multiply as agents proliferate.”
MongoDB Inc - March 2026
“• MongoDB is a modern database software company whose platform enables developers to store, manage, and access data using a flexible, document-oriented approach rather than the rigid table-based structure of traditional relational databases. This flexibility makes MongoDB particularly well suited for web and mobile applications, where the ability to handle diverse data types with speed and simplicity is essential. The company's cloud-hosted database offering, Atlas, represents the majority of total revenue and continues to grow at an attractive pace, reflecting strong adoption among developers and enterprises alike. We believe MongoDB is well positioned to benefit from the proliferation of AI- driven applications. While the company delivered a solid fiscal fourth-quarter report, shares detracted from performance as management’s initial full-year revenue guidance came in below consensus expectations, weighing on sentiment in an already challenging environment for software stocks.”
MongoDB Inc - March 2026
“Long positions AppLovin Corp., MongoDB, Inc. and Amazon.com Inc. were among the top detractors from performance.”
MongoDB Inc - New positionRiverPark Next Century Large Growth FundSeptember 2025
“we added 5 new positions in Q3: o two in technology: MongoDB, Oracle Corp”
MongoDB Inc
Fund coverage · 2 theses
- Artisan U.S. Mid-Cap Growth StrategyDecember 2025
MongoDB is a leading database provider with Atlas-driven growth and share gains as enterprise adoption and AI use cases expand.
Read the full thesis - MontakaDecember 2024
MDB is poised for potential growth as AI applications increasingly demand flexible database solutions for unstructured data, despite current market challenges.
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