Letters by company
Interactive Brokers Group, Inc.
13 letters discussing IBKR. Everything written about it on this site is on its ticker page.
- Latitude Investment Management Latitude Q1 2024 Investor Letter Interactive Brokers is presented as a newly acquired holding whose low-cost technology, superior execution and high customer deposit rates create a durable advantage over rival brokers. Latitude argues that its expanding client base, prime-broking presence, scalable operating model and liquid balance sheet can sustain long-term growth. Q1 2024 IBKR $141B
- Mawer Investment Management Mawer Quarterly Mawer Investment Management added selectively to AI-infrastructure beneficiaries, then trimmed positions whose prices had outrun fundamentals, including SK Hynix and Amphenol. It exited Wolters Kluwer and Kone, added to Shopify on weakness, and redeployed Canadian bank proceeds toward Onex, Intact Financial and other diversified financial and infrastructure businesses. Second Quarter 2026 2059 $24B402340 $77BAAON $6.3B
- Latitude Investment Management Latitude Global Fund Q325 Commentary Latitude Global Fund argues that market breadth beyond US technology creates better relative-value opportunities than AI-exposed stocks. It backs Interactive Brokers’ low-cost institutional expansion, defends the durable distribution advantages of Cencora and McKesson, and retains Ryanair and Sony on margin and capital-allocation potential. Q325 AZO $52BCOR $67BEFGSY $12B
- Hinde Group 1Q25 Hinde Group added to Uber while reducing Amazon and Netflix, arguing that its concentrated equity portfolio has limited direct exposure to the tariff regime. Interactive Brokers, Uber, Northeast Bank and Alphabet are assessed for tariff-related risks, with Alphabet viewed as the most exposed through advertising demand and possible foreign retaliation. first quarter of 2025 GOOGL $3.6TIBKR $141BUBER $144B
- Latitude Investment Management Latitude Annual Report 2024 Latitude Investment Management avoided the AI-led mega-cap trade, added Interactive Brokers, UnitedHealth and Cencora, and trimmed Interactive Brokers after the US election. The portfolio sold Goldman Sachs and exited Texas Instruments on valuation grounds, while retaining Dollar Tree despite mistakes around Family Dollar and the low-income consumer. 2024 AIQUY $136BBP $117BCOKE $14B
- Latitude Investment Management Latitude Q3 2024 Investor Letter The Global Equity portfolio added Ryanair and UnitedHealth, shifted drug-distribution exposure from McKesson toward Cencora, and cut Alphabet and Goldman Sachs to fund stronger opportunities. It argues that volatility enables disciplined rotation among long-term holdings, while Dollar Tree faces a delayed trade-down benefit and a maturing store base. Q3 2024 RYAAY $31BBAC $350BCOR $67B
- Hinde Group 3Q26 Mobility Global became a new special-situation position after its S&P Global spin-off, funded by trims to Interactive Brokers and Northeast Bank. Hinde Group argues that CARFAX and the company’s automotive-data franchises have durable workflow advantages, while forced spin-off selling, accounting complexity and AI concerns created a depressed valuation. third quarter of 2026 MBGL $6.4BSPGI $138B
- Tapasya Investment Bi-Annual Partner Letter 2026 Tapasya Investment Fund I built Amazon into its second-largest holding on AWS growth, advertising scale and enterprise satellite prospects, while selling Lululemon, Universal Music Group and Fannie Mae. The portfolio used covered calls and cash-secured puts for income, and retained conviction in AI infrastructure, scalable platforms and discounted long-term holdings. first half of 2026 AMZN $2.9TALAB $40BFNMA $5.1B
- Hinde Group 2Q26 Amazon.com was increased in February after concerns over AWS AI infrastructure spending drove a sell-off. Hinde Group argues that accelerating AWS growth, capacity constraints and a maturing mix of higher-margin AI services support Amazon’s long-term earnings and valuation case. second quarter of 2026 AMZN $2.9T
- Hinde Group 1Q26 Becton Dickinson is the central special-situations holding after its Biosciences & Diagnostics Solutions spin-off and merger with Waters Corporation. Hinde Group sold the distributed Waters shares, trimmed Interactive Brokers, exited Sleep Number, and added to Amazon and Netflix while arguing that Becton Dickinson’s buybacks, growth recovery and valuation support further upside. first quarter of 2026 BDX $58B
- East 72 Quarterly Report #13: Period to 31 March 2026 Dynasty Trust sold Carlyle, Vivendi, Nelnet and other lower-conviction holdings while increasing favored positions and retaining modest cash. It argues that HAL Trust remains materially discounted to asset value, sees potential catalysts at Odet and Bolloré, and makes a detailed case for Virtu Financial’s capital-retention pivot amid expanding market activity. Period to 31 March 2026 VIRT $13B45 BOIVF $11B
- LVS Advisory Q4 2025 (February 2026) LVS launched a levered Event-Driven strategy after improved merger-arbitrage conditions and secured family-office backing. The Growth Portfolio retained Netflix despite its Warner Brothers acquisition, liquidated software holdings over AI-related commoditization concerns, and continued to back Wise while monitoring stablecoin disruption. full year 2025 NFLX $265BWSE $11B
- Latitude Investment Management Latitude Annual Report 2025 Latitude Investment Management argues that disciplined trading in Dollar Tree improved the portfolio while preserving exposure to its core discount-retail thesis. It replaced Heineken with Royalty Pharma, Interactive Brokers with Intercontinental Exchange and BP with Assa Abloy, seeking stronger growth with less cyclicality. The portfolio also emphasizes defensive healthcare, infrastructure and selected AI exposure through Alphabet. 2025 DLTR $27BAIQUY $136BASAZY $44B
