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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.
SAP was a top contributor to performance during the quarter after reporting second quarter results that helped ease concerns surrounding potential AI-related disruption to its core software business. Current cloud backlog...
— Tucker Brown
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Other investors who've written on SAP SE
SAP is one of the largest enterprise software providers in the world and a global leader in enterprise resource planning.
SAP SE has experienced a significant decline in its stock price due to market fears over AI disruption, despite delivering solid Q2 2026 results. The company reporte...
More institutional theses from SGA - International Growth
HDFC Bank was a top detractor during the quarter. While loan growth,...
We exited our position in Universal Music Group (UMG) during the quarter. Our conviction in...
Recruit was a top contributor during the quarter following strong results and a substantial increase in full-year guidance. Revenue increased 19%...