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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.
We had watched and studied Adobe with admiration for many years following their evolution from selling licensed software to subscription software. Adobe became the...
— Jason Gilbert
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Other investors who've written on Adobe Inc.
Adobe provides creative, marketing, and document management software applications, anchored by creative suites such as Photoshop and Acrobat. The investment manager...
LVS exited Adobe due to significant capital allocation concerns surrounding its highly dilutive, expensive acquisition of Figma. The stock's AI-driven...
Adobe was purchased because its double-digit growth and 90% gross margins represent premium software fundamentals. The stock's 33%...
More institutional theses from RGA Investment Advisors LLC
RGA initiated a new position in Dave & Buster's after the stock pulled back to $50, seeing an attractive valuation despite macro weakness in low-income consumer spending. The core thesis...
RGA re-established a long position in Vail Resorts as stock valuations hit ten-year lows due to temporary weather and staffing challenges. The fund highlights...
GitLab represents a covert AI beneficiary providing essential enterprise orchestration for codebases. Despite market concerns...