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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.
In Q3, we exited our entire position in The Trade Desk (TTD) and added two new positions, Alphabet (GOOGL) and Datadog (DDOG). We have 26...
— Eugene Ng
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Other investors who've written on The Trade Desk, Inc.
The Trade Desk has delivered an annualized return of approximately 55% over four years for the fund, benefiting from 30%+ annual growth in revenues and operating earnings. Market leadership in...
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 Vision Capital
Alphabet Inc. ($GOOGL) is a global technology powerhouse that operates ubiquitous digital platforms including Google Search, YouTube, Android, and Google Cloud Platform. The fund initiated...
Datadog, Inc. ($DDOG) provides a unified cloud observability, performance monitoring, and security software platform that helps enterprise engineers monitor critical cloud infrastructure and software stacks. The manager established...
MercadoLibre faced price pressure from Latin American macro concerns and a strengthening US dollar alongside heavy capital reinvestment. The fund believes...