LongTDUPSep 2026
ThredUp Inc.
ThredUp's active buyers, orders and revenue all beat expectations, growing 25%, 19% and 15% year over year, while management guided to an acceleration across those trends. The Q1…
Optimist Fund
Concentrated global growth equity portfolio focused on market-leading businesses with long growth runways and aligned or founder-led management.5 published ideas
Optimist Fund invests primarily in global equities and runs a concentrated portfolio, with its top ten holdings representing approximately 90% of assets at quarter-end. The fund seeks businesses it views as market leaders with long growth runways, strong management alignment and the ability to compound value for many years.
Ideas from Optimist Fund
LongFASep 2026
First Advantage Corporation
First Advantage delivered organic revenue growth of 9%, EBITDA growth of 14% and adjusted EPS growth of 52% year over year, with all three metrics beating expectations…
LongAFRMSep 2026
Affirm Holdings, Inc.
Optimist views Affirm's transaction-by-transaction underwriting model as structurally better aligned with consumers than revolving credit because repayment terms are fixed…
LongWSep 2026
Wayfair Inc.
Wayfair delivered another strong quarter with high-single-digit revenue growth and material EBITDA expansion. After visiting the company's new Columbus store, the fund became…
LongCVNASep 2026
Carvana Co.
Carvana's retail units sold continued to grow at approximately 40% year over year. A visit to the Cleveland reconditioning center reinforced the fund's positive view of the…
Letters covered
- Q2 2026 Quarterly LetterSeptember 8, 2026
Source PDFs are not republished here; only extracted ideas and quotes.