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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.
For the year ended December 31, 2025, GCAM's model portfolio posted a net return of 12.58%, underperforming the S&P 500 TR's 17.88% due to an underweight stance on mega-cap tech. In the letter,...
— David M. Poppe
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Other investors who've written on CarMax Inc.
CarMax is navigating macro headwinds in used auto retail caused by high interest rates and tight inventory of late-model vehicles. However, early signs...
CarMax reported solid quarterly performance with volumes responding well to targeted pricing. However, the manager...