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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.
Mastercard has spent 2026 under investor pressure based on their belief in a future that hasn’t arrived. Investors fear that...
— Jay Winthrop
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Other investors who've written on Mastercard Incorporated
Visa and Mastercard shares increased by 5% and 8% during the third quarter and 12% and 13%, respectively, year-to-date from our average acquisition prices. Both companies reported...
Mastercard ($MA) operates one of the world's primary global payment rails, processing card and electronic transactions between issuing banks, merchants, and acquiring institutions worldwide. The fund maintains...
The manager exited Mastercard after a year of appreciation as its valuation became expensive once more. Additionally, the tailwinds...
More institutional theses from Douglass Winthrop
We believe our portfolios are prudently exposed to the explosion in the use of AI. We own significant...
Uber, too, is being marked down for a future that hasn’t arrived. The fear is...
S&P Global, best known for its credit ratings and the S&P 500 index, also sells financial data to Wall Street. Investors worry that...