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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.
We have owned TTD for a little over 4 years now, opportunistically establishing a position in March of 2020 at a cost basis of $17.40 (split-adjusted). Since then, TTD...
— Alex Kopel
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Other investors who've written on The Trade Desk, Inc.
The Trade Desk, Inc. ($TTD) operates an independent demand-side digital advertising platform enabling buyers to purchase programmatic ad inventory across digital channels. The manager liquidated...
The manager defends the investment in The Trade Desk despite its recent growth slowdown, arguing that competitive threats from Amazon and AI disruptions are overstated. He explains that...
The Trade Desk has been the worst-performing company in the S&P500 this year, with its stock price down 62%. The company's revenue...
More institutional theses from Rowan Street Capital
The managers held onto Spotify even after a 75% drop wiped out five years of gains, leaving the position flat on paper. Their published thesis...
Rowan Street maintained conviction in Meta despite experiencing a devastating 75% drawdown in 2022. By focusing on...
Tesla continued to make progress on what we believe are the initiatives that matter most over the long term.