Tapasya Investment Fund I trims stake in Fannie Mae, invests in Adobe in 2025

Tapasya Investment Fund I saw 30.9% in gross returns in 2025, against its benchmark S&P 500’s 17.9% with dividends.
The fund fully exited its position in Howard Hughes Holdings (HHH) and Topgolf Callaway Brands (MODG),EndFragment while trimmed its investment in Fannie Mae (FNMA).
The fund invested in Interactive Brokers Group (IBKR), Global-E Online (GLBE), and Adobe (ADBE) (ADBE:CA) (ZADB:CA).
Source: Fund Letter