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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.
And then Spotify has done brilliantly;it's continued to grow its business while taking out a lot of costs, which is quite a good trick to pull off if you can manage it. And that's been...
— Thomas Coutts / Brian Lum / Julia Angeles / Lawrence Burns / Robert Wilson
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Other investors who've written on Spotify Technology S.A.
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...
Despite an 80% stock decline and skepticism regarding profitability and pricing power, the manager held Spotify due to its dominant network effects and massive user base. Anticipated margin improvements...
Spotify has successfully transitioned into a highly profitable, cash-generative platform, surpassing initial market expectations. Despite historic price...
More institutional theses from Baillie Gifford -International Growth
The manager remains highly optimistic about WiseTech despite recent governance issues that have caused share price weakness. While some colleagues...
ASML's recent stock weakness is viewed as cyclical noise inherent to the volatile semiconductor sector rather than a fundamental issue. The manager maintains...
Genmab has disappointed due to its key multiple myeloma product nearing its patent expiration by the end of the decade. Consequently, the manager...