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What smart money is saying about Sea LtdSingapore flag

SE · Consumer Cyclical · Specialty Retail · Market cap $56.22B

8 funds in our archive have pitched Sea Ltd — most recently Artisan Partners Developing World Strategy in June 2026.

Company profile

Operating across Southeast Asia, Latin America, other parts of Asia, and various international markets, Sea Limited and its group of companies specialize in three core areas: digital entertainment, e-commerce, and digital financial services. Under its Garena brand, the company provides a comprehensive digital entertainment platform. This platform allows users to play a variety of online games on both mobile devices and personal computers, participate in eSports events, and access additional entertainment content. Key features include live-streamed gameplay, as well as social functionalities like user chat rooms and online forums. Furthermore, Sea Limited manages Shopee, a prominent e-commerce platform designed primarily for mobile users. Shopee functions as a marketplace, offering integrated payment solutions, robust logistics infrastructure, and a suite of services for its sellers. Its SeaMoney division delivers an array of digital financial services to both individual consumers and businesses. These services encompass offline and online mobile wallet facilities, payment processing, and various other financial products, such as credit, insurtech solutions, and digital banking. These offerings are brought to market through brands like ShopeePay, SPayLater, and SeaBank, among others. Notably, SeaMoney also handles the payment processing for the Shopee platform. Established in 2009, the firm initially operated as Garena Interactive Holding Limited before rebranding to Sea Limited in April 2017. Its global operations are directed from its headquarters in Singapore.

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Summarize with Warren AI
4
Reported positions
1
Bought
0
Sold
12
Letters

Position history

Between Q4 2024 and Q2 2026, 4 fund letters reported a position in Sea Ltd1 opened or added to the position.

Fund letters reporting a position in Sea Ltd, by quarter
QuarterLettersBoughtSoldTheses
Q2 20264101
Q1 20260001
Q4 20250003
Q2 20250001
Q1 20250001
Q4 20240001

Fund activity · 4 positions · 1 move

  • AddedVision Capital Fund
    June 2026
    We deployed some of that new capital to 10 of our existing positions (in alphabetical order): Cloudflare (NET), MercadoLibre (MELI), Meta (META), Nu (NU), Palantir (PLTR), Pro Medicus (PME), Sea Limited (SE), ServiceNow (NOW), Shopify (SHOP), and Zscaler (ZS).
    Read the letterSea Ltd
  • HoldsArtisan Partners Developing World Fund
    June 2026
    A similar line of thinking could apply to other core investments including Tencent, MercadoLibre, Nubank, Grab, Adyen, MakeMyTrip, Eternal, and Paytm, all of which have declined (in some cases significantly) YTD.
    Read the letterSea Ltd
  • HoldsArtisan Partners Global Opportunities Fund
    June 2026
    While holdings such as Spotify, Shopify and Sea have underperformed in recent periods following strong multiyear gains, we believe patience remains warranted as these franchises have continued to execute well against large addressable markets.
    Read the letterSea Ltd
  • HoldsArtisan Partners Global Discovery Fund
    June 2026
    While Internet holdings such as Spotify and Sea have underperformed in recent periods following strong multiyear runs, we believe patience will be rewarded as these unique franchises continue to execute well against large long-term market opportunities.
    Read the letterSea Ltd

Fund coverage · 8 theses

  • Artisan Partners Developing World Strategy
    June 2026

    Sea is developing AI features in Shopee that could improve merchant value and increase take rates.

    Read the full thesis
  • Hayden Capital
    March 2026

    Sea Limited is a profitable Southeast Asian ecommerce leader with accelerating growth, strong free cash flow, and a reinvestment-driven moat expansion story.

    Read the full thesis
  • Hayden Capital
    December 2025

    Sea Limited is a dominant Southeast Asian e-commerce platform reinvesting offensively amid stabilizing competition, with attractive valuation and prospects for a wider moat and stronger long-term economics.

    Read the full thesis
  • Artisan Global Discovery Strategy
    December 2025

    Sea Limited is a leading Southeast Asian internet platform with rational competition and profitability expected to trend toward global peers despite near-term margin investments.

    Read the full thesis
  • Sands Capital Select Growth
    December 2025

    Sea Limited is a Southeast Asian internet platform investing to strengthen competitiveness with potential for significant revenue and EBITDA growth by 2030.

    Read the full thesis
  • Polen International Growth
    June 2025

    Sea Ltd. is a leading e-commerce and fintech company in Southeast Asia and Taiwan, poised for significant growth with a projected revenue increase of ~20% and profit growth surpassing 30% over the next five years.

    Read the full thesis
  • Hayden Capital
    March 2025

    Shopee is positioned for significant growth in Brazil, with potential for high returns on investment and plans to expand further into Latin America leveraging its established operations.

    Read the full thesis
  • Hayden Capital
    December 2024

    Shopee is transforming into a logistics powerhouse with a ~$1.6BN investment in Shopee Express

    Read the full thesis

Read every full thesis on Sea Ltd

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