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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.
Earlier this year, we discussed the settlement between Visa, Mastercard, and US merchants, marking the end of a decade long legal battle. This agreement, which...
— Warren Fisher
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Other investors who've written on Mastercard Incorporated
Visa and Mastercard shares increased by 5% and 8% during the third quarter and 12% and 13%, respectively, year-to-date from our average acquisition prices. Both companies reported...
Mastercard ($MA) operates one of the world's primary global payment rails, processing card and electronic transactions between issuing banks, merchants, and acquiring institutions worldwide. The fund maintains...
Mastercard has spent 2026 under investor pressure based on their belief in a future that hasn’t arrived. Investors fear that...
More institutional theses from Manole Capital Management
The manager points to Nasdaq as an essential technology and market data business driving recurring software and index licensing revenue alongside core market trading operations.
The manager highlights CME Group as a premier exchange operator that has successfully transitioned from trading execution to high-margin market data, software, and financial infrastructure.
The manager cites Intercontinental Exchange as a vital market infrastructure leader benefiting from recurring revenues in data, analytics, clearing, and mortgage technology solutions.