Investor Letters and Research

2020

• Q4 2020 Investor Letter
• PINS Presentation from 11/18/2020
• Q3 2020 Investor Letter
• Q2 2020 Investor Letter
• Q1 2020 Investor Letter

2019

• Q4 2019 Investor Letter
• Q3 2019 Investor Letter
• Q2 2019 Investor Letter
• Q1 2019 Investor Letter

2018

• 2018 Annual Investor Letter
• Q2 2018 Investor Letter

2017

• Manager Outlook for 2018 (FROM 2017 ANNUAL LETTER)  |     2017 Annual Investor Letter (FULL)
• Q3 2017 Investor Letter
• Q2 2017 Investor Letter
• Q1 2017 Investor Letter