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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.
Laughing Water Capital (LWC) returned 6.8% in Q4 2025, resulting in a full-year 2025 net return of 3.9%, which underperformed the S&P 500 TR and Russell 2000 indices. The manager attributes...
— Matthew Sweeney
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Other investors who've written on Liquidia Corp.
Liquidia was the fund's largest contributor in 2025. The fund holds...
Liquidia represents the manager's highest-conviction holding, with substantial upside driven by the successful launch of its Yutrepia product. Even under various...
Liquidia's commercial launch of Yutrepia has been highly successful, driving strong revenue growth. While the upcoming...