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Spheria Global Opportunities Fund highlights SharkNinja in Q2 letter
The fund said it held SharkNinja as a top contributor, noting the stock closed at $173.38 on Sept. 4, 2026.
Spheria Asset Management released its Q2 2026 investor letter for the Spheria Global Opportunities Fund, describing a strong period for global equities but underperformance versus its benchmark during the quarter. In June 2026, the fund returned +4.7%, below the MSCI World Small Cap Accumulation Index’s 5.5%. Over the quarter, it returned 5.7% compared with 13.7% for the benchmark, and the letter cited a market backdrop that included rallies led by technology, with Healthcare and Information Technology outperforming while Materials and Energy lagged, according to Yahoo Finance. The letter also discussed a shift in market focus toward artificial intelligence and said oil prices dipped amid easing Middle East tensions, while rising yields were seen as pointing to tighter financial conditions. It emphasized maintaining strict valuation discipline in narrative driven markets. Within the letter, Spheria Global Opportunities Fund highlighted SharkNinja, Inc. as a leading contributor. SharkNinja is described as a consumer products company offering cleaning, beauty, and kitchen appliances, and the stock closed at $173.38 per share on Sept. 4, 2026, with the fund noting the shares were down 6.87% over the past month and up 51.03% over the past year. The letter also cited SharkNinja’s innovation approach, describing it as launching new products across roughly 38 categories and pairing them with direct-to-consumer and social marketing.