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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.
Shares of global footwear seller Birkenstock increased 19.8% in the second quarter and helped performance by 48 bps as sales continued to be quite strong and grew at a mid-teens rate despite concerns about the war in the Middle East, a depreciating dollar, and tariffs. Full-price sell-through remains...
— Ronald Baron, David Baron, Michael Baron
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Other investors who've written on Birkenstock Holding plc
Premium footwear brand Birkenstock declined 24.7% in the third quarter, detracting 65 bps from performance. Macroeconomic concerns and...
Birkenstock ($BIRK) designs, manufactures, and markets premium anatomical footwear characterized by its signature contoured cork-latex footbed. The manager established...
More institutional theses from Baron First Principles ETF
Tesla, Inc. manufactures electric vehicles, solar products, and energy storage solutions and develops real-world AI technologies. Shares fell as...
Global hotelier Hyatt Hotels Corporation detracted from performance as investors grew concerned that higher oil prices, interest rates, and inflation could pressure consumers and travel budgets. However, consumer spending...
Property and casualty (P&C) insurance software vendor Guidewire increased 15.9% in the third quarter and contributed 31 bps to performance. The company continues...