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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 visual learners, the example below of Micron (a historically cyclical memory business) and Mastercard (a historically secular payments company) may help explain the different concepts here: Note how Micron’s earnings profile tends to experience ups and downs, good times and bad times, whereas other more secular growers, like Mastercard, tend to have an earnings profile that grows more linearly... This dynamic can...
— Jonathan Reichek
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Other investors who've written on Micron Technology, Inc.
Micron remains our largest position. The reasons are...
Micron Technology ($MU) is a premier global designer and manufacturer of semiconductor memory and storage solutions, specializing in DRAM, High Bandwidth Memory (HBM), and NAND flash memory chips. The manager has...
Micron acts as a key supplier of High-Bandwidth Memory (HBM3E) for NVIDIA's advanced Blackwell GPU architecture, which is critical for scaling artificial intelligence training models. The company's production...
More institutional theses from Brasada Focused Equity Strategy
The manager quickly exited the position in Sika after subsequent due diligence and two profit warnings weakened their confidence in the investment thesis. The decision was...
Schneider Electric is a primary enabler of global economic electrification and industrial automation, with data centers now accounting for approximately 30% of its revenue. Its combination of...
Tencent remains one of the world's premier technology franchises, anchored by the massive network effects and behavioral data of WeChat. The market's preoccupation...