Overview

• JB Global reported a 38.4% gain in the third quarter of 2025, lifting returns to 76.4% since its January 3, 2023 inception and marking a new all-time high.
• The firm opened a new position in Lululemon during Q3, highlighting the brand’s community-led model and durable profitability.
• Lululemon’s revenue rose from roughly $4 billion in 2020 to about $11 billion on a trailing twelve‑month basis, with average gross margins near 58%, operating margins in the low–mid 20s, and no debt.
• Lululemon shares closed at $174.82 on October 8, giving a market value of $20.7 billion, with a one‑month gain of 5.45% and a 52‑week decline of 36.10%.
• Hedge fund ownership of Lululemon increased to 55 portfolios at the end of Q2 from 48 in the prior quarter, even as Insider Monkey flagged greater near‑term upside in selected AI names.