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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 mid-June, the CME filed a suit against the CFTC. It was triggered...
— Murray Stahl
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Other investors who've written on CME Group Inc.
CME Group operates premier global financial exchanges and clearinghouses across interest rates, equity indexes, foreign exchange, and commodities. The manager initiated...
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.
CME Group (CME) was the main detractor to Real Asset returns this year.
More institutional theses from Horizon Kinetics
Cboe Global Markets ($CBOE) represents an attractively valued regulated derivatives exchange pursuing near 24/5 U.S. equity trading.
Franco-Nevada Corporation ($FNV) is a premier royalty and streaming company with a diversified portfolio spanning gold, silver, and energy assets. Although Horizon Kinetics...
Amazon.com, Inc. ($AMZN) is a global e-commerce and cloud computing provider whose commercial profile is undergoing a rapid transition toward capital-intensive AI data center infrastructure. Horizon Kinetics maintains...