Reported 1 day ago
In its Q1 2025 investor letter, Sands Capital Technology Innovators Fund reported a negative return of -10.4% while highlighting its investment in AppLovin (NASDAQ:APP), a leading provider of advertising solutions for mobile game developers. Despite a recent decline in AppLovin's stock price and concerns surrounding app-install manipulation, the fund maintains confidence in its long-term potential following a significant revenue increase. The broader selloff in high-beta stocks is viewed as an opportune buying moment, according to the fund.
Source: YAHOO