Letters by company
lululemon athletica inc.
11 letters discussing LULU. Everything written about it on this site is on its ticker page.
- Vision Capital Fund Vision Capital Fund - Q3 2025 Quarterly Letter Vision Capital Fund added to selected holdings and initiated Cloudflare, while maintaining zero portfolio turnover and a primarily invested stance. The fund defended Meituan through China delivery competition, backed The Trade Desk despite advertising and execution concerns, and added to Palantir after a short-seller report while arguing its commercial growth remains durable. Q3 2025 3690 $57BLULU $12BNET $113B
- Vision Capital Fund Vision Capital Fund - Q3 2026 Quarterly Letter Vision Capital Fund exited The Trade Desk after concluding that structural revenue deceleration, product setbacks, and intensifying competition had made it a value trap. The fund initiated Datadog and Alphabet, citing cloud observability demand, AI-driven platform expansion, Google’s custom-chip lead, and accelerating cloud growth. Q3 2026 TTD $7.6BDDOG $67BGOOGL $3.6T
- GreensKeeper Asset Management Scorecard #55 – The Mountain GreensKeeper Asset Management added conviction to TVA Group, Intercontinental Exchange and Visa while retaining Richemont and Automatic Bank Services through temporary pressures. The fund exited Lululemon and Novo Nordisk, sold the Mobility Global spin-off, and raised cash as it avoided speculative AI stocks amid rising sovereign-debt and market-liquidity risks. Q3 2026 ABANF $248MCFRHF $125BICE $101B
- 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
- JB Global Capital Illusion of a Snapshot JB Global Capital retained its concentrated Alibaba holding as cloud growth, disclosed AI revenue and the Apple Intelligence partnership strengthened the AI thesis. It initiated PayPal ahead of a takeover proposal, backed Flowers Foods after its dividend reset, and reduced Lululemon exposure while reassessing leadership risk and weakening margins. Q2 2026 BABA $253BFLO $1.3BLULU $12B
- Vision Capital Fund Vision Capital Fund - Q2 2026 Quarterly Letter Vision Capital Fund exited Lululemon and Paycom after concluding that weakening operating fundamentals were becoming structural, while adding to selected existing holdings after price drawdowns. The fund rejects AI bottleneck trades in memory and supply-chain names, arguing that architectural innovation and new capacity can erode scarcity premiums, and favors durable platform businesses such as Tencent and Mastercard. Q2 2026 AAPL $5.2TAVGO $1.6TLULU $12B
- GreensKeeper Asset Management Scorecard # 52 – Renewal Value Fund trimmed or exited holdings that had reached price targets, retained a defensive cash allocation and refused to chase expensive large-cap technology. It cut Alphabet after appreciation, reassessed Fiserv as a shorter-term value opportunity, backed Lululemon’s product recovery, and added Novo Nordisk, Icon and Adobe. 2025 ADBE $92BAXP $217BCFRHF $125B
- Vision Capital Fund Vision Capital Fund - Q2 2025 Quarterly Letter Vision Capital Fund added to eleven existing holdings, including JD.com, Lululemon, Meituan, MercadoLibre, Meta, Nu, NVIDIA, Shopify, Spotify, TSMC and The Trade Desk, while maintaining zero turnover. The fund argues that food-delivery subsidy competition has created a longer-term opportunity in Meituan and JD.com, and favors compounders that extend successful products into adjacent services and geographies. Q2 2025 3690 $57B9618 $39BAMZN $2.9T
- Harry Qelm Baabsman 2026 Half-year Investment portfolio report The Steppe Eagle added Accenture, Salesforce, Lululemon, Uber, ServiceNow, Adobe, Zoom and DocuSign after new capital diluted existing position weights, using incremental purchases as prices fell. It retains Alphabet despite concerns over mega-cap concentration, sees value in software and clean energy, and sets out long-term cases for Salesforce, Uber, Shopify, Zoom, solar businesses and other holdings. 2026 Half-year ACN $150BADBE $92BCRM $179B
- JB Global Capital The Price of Conviction Alibaba remained the core holding despite political allegations, quick-commerce margin pressure and a Q4 selloff; the fund trimmed after its earlier advance while monitoring cloud growth, AI monetization and e-commerce margins. Clorox was added after its SAP rollout disrupted fulfillment, on the view that brand loyalty and eventual ERP savings outweigh a temporary operational failure. Q4 2025 BABA $253BCLX $13BAMZN $2.9T
- Vision Capital Fund Vision Capital Fund - Q1 2025 Quarterly Letter Vision Capital Fund added to The Trade Desk after its earnings miss and platform rollout problems drove steep pessimism, judging CEO Jeff Green capable of repairing the product and sales execution. The portfolio remains concentrated in platform businesses such as Amazon, Shopify, TSMC and JD.com, whose proprietary infrastructure and ecosystem effects are seen as durable advantages despite tariff risks. Q1 2025 0LF5 453950 AMZN $2.9T
