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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.
Premium footwear brand Birkenstock declined 24.7% in the third quarter, detracting 65 bps from performance. Macroeconomic concerns and...
— Ronald Baron, David Baron, Michael Baron
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Other investors who've written on Birkenstock Holding plc
Birkenstock ($BIRK) designs, manufactures, and markets premium anatomical footwear characterized by its signature contoured cork-latex footbed. The manager established...
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...
More institutional theses from Baron First Principles ETF
Shares of Las Vegas Locals casino operator Red Rock Resorts decreased 23.5% in the third quarter and hurt performance by 72 bps as investors grew concerned that higher interest rates, inflation, and oil prices could slow market growth. However, despite ongoing...
Tesla, Inc. manufactures electric vehicles, solar products, and energy storage solutions and develops real-world AI technologies. Shares fell as...
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...