Loading investment pitches...
Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
We detailed our thinking around the Warner Brothers (WBD) sales process in our Q3 2025 letter, and the process continues to play out and likely will not be resolved anytime soon. WBD accepted a...
— Patrick Brennan
Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($50/mo) and Pro subscribers.
Already a Research or Pro subscriber? Sign In
Other investors who've written on Warner Bros. Discovery, Inc.
A complex bidding war for Warner Bros. Discovery is unfolding...
Warner Bros. Discovery represents an...
On a happier note, the Warner Bros. Discovery, Inc. (WBD)...
More institutional theses from Brennan Asset Management, LLC
We have owned Markel for 14+ years, and the thesis is not complicated. There are few...
Long-time client accounts have owned Berkshire Hathaway (BRK) for years, but we have not owned the iconic company across all accounts. Berkshire's sheer size...
We move from a name perceived by value investors as something close to Superman to one that many value investors would view as closer to Lex Luthor. We described our...