Global Growth Fund Reassesses Flutter Entertainment’s Strategic Fit
Sands Capital Global Growth Fund cited mixed relative results, saying financials and communication services detracted, in its Q2 2026 investor letter that highlighted Flutter Entertainment. The fund said portfolio exposure to debated internet businesses is too high and it is consolidating toward higher-conviction positions. Flutter was not listed among 40 most popular hedge-fund stocks, with holdings falling to 37 from 57, as shares closed at $100.11.