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Quarterly Shareholder Letters

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Date Download Description
September 15, 2025
3Q25 Shareholder Letter (opens in new window)
June 16, 2025
2Q25 Shareholder Letter (opens in new window)
March 14, 2025
1Q25 Shareholder Letter (opens in new window)
December 16, 2024
4Q24 Shareholder Letter (opens in new window)
September 16, 2024
3Q24 Shareholder Letter (opens in new window)
June 14, 2024
2Q24 Shareholder Letter (opens in new window)
March 15, 2024
1Q24 Shareholder Letter (opens in new window)
December 15, 2023
4Q23 Shareholder Letter (opens in new window)
September 15, 2023
3Q23 Shareholder Letter (opens in new window)
June 15, 2023
2Q23 Shareholder Letter (opens in new window)
March 14, 2023
1Q23 Shareholder Letter (opens in new window)
December 15, 2022
4Q22 Shareholder Letter (opens in new window)
September 15, 2022
3Q22 Shareholder Letter (opens in new window)
June 15, 2022
2Q22 Shareholder Letter (opens in new window)
March 15, 2022
1Q22 Shareholder Letter (opens in new window)
December 15, 2021
4Q21 Shareholder Letter (opens in new window)
September 15, 2021
3Q21 Shareholder Letter (opens in new window)
June 15, 2021
2Q21 Shareholder Letter (opens in new window)
March 9, 2021
1Q21 Shareholder Letter (opens in new window)
December 15, 2020
4Q20 Shareholder Letter (opens in new window)
September 15, 2020
3Q20 Shareholder Letter (opens in new window)
June 5, 2020
2Q20 Shareholder Letter (opens in new window)
March 17, 2020
1Q20 Shareholder Letter (opens in new window)
December 5, 2019
4Q19 Shareholder Letter (opens in new window)
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