

Recent Letters
| Recent Letters | |
|---|---|
| Q2 2025 Shareholder Letter | 5/23/25 |
| Q1 2025 Shareholder Letter | 2/27/25 |
| Q4 2024 Shareholder Letter | 11/22/24 |
| Q3 2024 Shareholder Letter | 8/23/24 |
| Q2 2024 Shareholder Letter | 5/23/24 |
| Q1 2024 Shareholder Letter | 2/22/24 |
| Q4 2023 Shareholder Letter | 11/24/23 |
| Q3 2023 Shareholder Letter | 8/28/23 |
| Q2 2023 Shareholder Letter | 5/25/23 |
| Q1 2023 Shareholder Letter | 2/23/23 |
| Q4 2022 Shareholder Letter | 11/25/22 |
| Q3 2022 Shareholder Letter | 8/22/22 |
| Q2 2022 Shareholder Letter | 5/26/22 |
| Q1 2022 Shareholder Letter | 2/24/22 |