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Stock impact report

Tapasya Investment Fund I Annual Letter 2026 [Seeking Alpha]

Li Auto Inc. - American Depositary Shares (LI) 
Company Research Source: Seeking Alpha
Concentrated investments in high-quality businesses, disciplined turnover, and dynamic capital efficiency strategies underpin TIFI's sustained outperformance and risk management. Core holdings like Alphabet, Prosus, and Carvana contributed significantly to performance, while BLDR, LULU, and CMG remain conviction long-term positions despite recent headwinds. Fund enhancements include a reduced performance fee, improved liquidity terms, and a clarified global value equity mandate, ensuring stronger investor alignment and operational scalability. Nicolae Popescu/iStock via Getty Images Introduction We marked the three-year anniversary of the fund in August '2025. I am extremely pleased with the progress we have made and the value the fund has delivered to each of its investors. We are fortunate to have such a wonderful group of investors, and I am truly blessed to have these individuals in my sphere, making our interactions both enjoyable and productive. As the fund continue Show less Read more
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