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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.
In the third quarter of 2025, the U.S. Concentrated Strategy returned 2.39% net of fees, underperforming the Russell 1000 Value Index's return of 5.33%. Key quarterly contributors...
— Tony Coniaris
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Other investors who've written on Alphabet Inc., Class A
The manager notes that Alphabet's reported net earnings were artificially boosted by $98 billion of non-cash unrealized gains on startup investments amid negative free cash flow.
Alphabet Inc. ($GOOGL) operates the world's leading search engine alongside YouTube, Google Cloud, and emerging technology ventures like Waymo. The manager maintains...
Alphabet Inc. ($GOOGL) is a global technology powerhouse that operates ubiquitous digital platforms including Google Search, YouTube, Android, and Google Cloud Platform. The fund initiated...