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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 FactSet, a leading provider of investment management tools, increased 17.8% and helped performance by 47 bps in the quarter. The increase was...
— Ronald Baron, David Baron, Michael Baron
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Other investors who've written on FactSet Research Systems Inc.
FactSet Research Systems ($FDS) delivers mission-critical financial data, market analytics, and portfolio workflow solutions to asset managers, investment banks, and institutional advisors, representing 4.2% of the fund. The fund is...
FactSet was added as a new position because of its deeply embedded data tools that enjoy very high customer switching costs. The manager believes...
The manager fully liquidated FDS due to structural long-term threats posed by AI-native competitors, who can access publicly available data to replicate FDS's products. Furthermore, expected employment...
More institutional theses from Baron First Principles ETF
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...
FIGS, Inc., a direct-to-consumer health care apparel brand, contributed to performance following a strong second quarter. Net revenue grew...
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...