Скачать или смотреть Montaka's Q3 2025: Insights & Portfolio Updates

In this quarterly update, we share our investment strategy and portfolio performance amid recent political and macroeconomic uncertainty. We maintain focus on long-term opportunities, highlighting several key holdings beyond their core positions.

Investment Opportunities:
Floor & Decor - positioned to benefit from the US housing cycle recovery
DoorDash - US market leader in online food ordering and delivery
LVMH - global luxury brands available at depressed multiples
MongoDB - enterprise database company well-positioned for AI growth

The video also examines current equity market valuations, explaining why the S&P 500's elevated P/E ratio may be justified given above-average growth expectations, below-average interest rates, and tight credit spreads.

AI Investment Landscape:
Discussion of prudent vs. speculative capital allocation in AI, highlighting companies like Meta, Alphabet, and Tencent that are generating strong returns on AI investments, while raising concerns about OpenAI's ambitious $1 trillion infrastructure plans and the need for clearer revenue justification.

DoorDash Deep Dive:
Detailed analysis of Montaka's new investment in DoorDash (ticker: DASH), exploring the company's flywheel dynamics, platform advantages, and path from loss-making to profitability with substantial future earnings potential.

The portfolio remains highly concentrated with top 10 holdings representing 74% of assets. You can read our investment team's latest research by visiting montaka.com/blogs