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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.
Night Watch Investment Management delivered 12.80% net returns in Q2 2026, bringing year-to-date performance to 15.85% and since-inception CAGR to 20.06%. The fund's largest...
— Roderick van Zuylen
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Other investors who've written on Booking Holdings
Booking Holdings has faced pressure from discretionary travel fears, geopolitical disruptions, and potential AI disintermediation, driving a significant drop in its stock price. Despite these fears,...
The stock's recent underperformance over AI disruption fears creates an attractive entry point for this dominant online travel agency. Its deep supply-side...
Booking Holdings represents an attractive entry point after underperforming due to fears that AI agents will disrupt its direct-traffic model. The manager believes...