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.

Home Letters Funds Account

Elliott Management's investment thesis on Northern Star ($NST.AX) — Q2 2026 | Buyside Digest

All Pitches

View Letter Analysis

$NST.AXNASDAQNorthern Star

NEUTRAL

Elliott Management—NST.AX

Fund Letter

Q2 2026

Published August 10, 2026

View Fund Profile

$22.19USD

-4.2% vs last month

$22.52Pitched

-1.5% since pitch

Market Cap$31.6B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Elliott Investment Management presents a detailed case that Northern Star Resources, Australia's largest gold miner, possesses world-class assets including KCGM, Hemi, and Pogo that are trading at a steep discount due to operational failures rather than asset quality issues. The company has...

— Marc Steinberg & Jesse Cohn

BSD Research Exclusive

Unlock Full Institutional Investment Theses

Full equity research memos, financial breakdowns, and hedge fund thesis write-ups are reserved for BSD Research ($55/mo) and Pro subscribers.

6,000+ Institutional Pitches

Proprietary AI Analysis

100 Letter Unlocks/Cycle

SUBSCRIBE TO BSD RESEARCH ($55/MO)Compare All Plans

Already a Research or Pro subscriber? Sign In

◆ Keep Reading

What other investors think about $NST.AX, and what else Elliott Management is buying.

Other pitches on $NST.AX

Other investors who've written on Northern Star

No other institutional pitches found for this ticker yet.

View all $NST.AX pitches →