- Q3 2026 Quarterly Letter Jenga Global Master Fund initiated Adobe, citing its entrenched creative and document software franchises, recurring enterprise value and capacity to fund AI investment and buybacks. The fund added to OMA and ASUR after their drawdowns, exited its remaining Chinese holdings after quarter-end, and argued that most financials exposure carries less balance-sheet risk than conventional banks. Q3 2026 ADBE $96BFDS $12BINTU $92B
One letter so far. We collect each new one as Jenga Investment Partners publishes it.
