Munro Global Growth Fund’s Q2 2025 Investor Letter

Munro Partners, an investment management firm, released its “Munro Global Growth Fund” second-quarter 2025 investor letter. In the June quarter, the Fund returned 16.1%. The Fund’s long positions and hedging contributed to the performance, while short positions and currency detracted. The second quarter saw increased volatility in equity markets due to trade concerns between the US and other countries worldwide. The US Administration’s tariff halt led to a significant surge in markets, particularly the S&P 500 and Nasdaq. Geopolitical tensions between Israel and Iran dominated headlines near the conclusion of the quarter; however, markets responded positively to US intervention and the ensuing ceasefire. For more information on the fund’s best picks in 2025, please check its top five holdings.

A copy of Munro Global Growth Fund’s Q2 2025 investor letter can be downloaded here.