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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.
SE is another stock that has come under pressure recently for no apparent reason. Meanwhile, the underlying...
— Wolf of Harcourt Street
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Other investors who've written on Sea Limited
Sea Limited represents a compelling opportunity due to its robust revenue growth, margin expansion, and improved efficiency across its three business segments. Most notably, the...
Sea Limited has achieved EBITDA profitability across all regions for its e-commerce business, Shopee, with margins expanding due to advertising, logistics, and fintech services. The manager believes...
Since our last letter, shares in Sea Limited have dipped another -20%. Which is puzzling,...
More institutional theses from The Wolf of Harcourt Street
Amazon.com, Inc. ($AMZN) is a global technology and commerce giant spanning e-commerce marketplace distribution, logistics operations, and cloud computing infrastructure, representing 9.9% of the fund. The manager took...
Nu Holdings Ltd. ($NU) operates Nubank, the dominant digital banking and financial services platform across Latin America, currently representing 7.2% of the fund's investment portfolio. The manager maintains...
The manager expanded their position in Visa for a second consecutive month, finding the valuation of 25x forward earnings highly compelling for a high-quality, stable business. They prefer to...