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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.
The Fund's three semiconductor equipment holdings were the bottom performers over the quarter: KLA (-35.3% USD), Applied Materials (-29.2%), and Lam Research (-24.1%). This followed exceptionally...
— Dr Ian Mortimer, CFA
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Other investors who've written on Lam Research Corporation
Information Technology exposure contributed positively, and the weighting was increased substantially over the quarter. New positions in...
Lam Research has consistently exceeded expectations, delivering record revenue for the fourth consecutive quarter and achieving the highest gross margin in 20 years....
The manager avoided owning Lam Research Corp. ($LRCX) due to strict valuation discipline despite the stock surging over 100%.
More institutional theses from Guinness Global Innovators
The Fund's three semiconductor equipment holdings were the bottom performers over the quarter: KLA (-35.3% USD), Applied Materials (-29.2%), and Lam Research (-24.1%). This followed exceptionally...
Salesforce, the enterprise software giant, ended the quarter as the Fund's top performer. This follows a...
Microsoft was the Fund’s second best-performing stock over the third quarter, with the majority of the outperformance coming in July following an exceptionally strong earnings release. Microsoft has one...