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Aoris International Fund's investment thesis on Intl Business Machines ($IBM) — Q1 2026 | Buyside Digest

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$IBMNYSEIntl Business Machines

BEAR

Aoris International Fund—IBM

Fund Letter

Q1 2026

Published May 5, 2026

View Fund Profile

$233.26USD

-0.7% vs last month

$229.76Pitched

+1.5% since pitch

Market Cap$219.8B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

IBM is analyzed as an example of how a dominant, highly protected recurring revenue stream can breed organizational complacency. Despite identifying the...

— Matthew Berry

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