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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.
Baird Chautauqua International Growth Fund returned 10.39% in Q2 2026, underperforming the MSCI ACWI ex-U.S. Index which returned 14.49%, as extreme market concentration favored a narrow AI capex trade. The fund benefited...
— Haicheng Li, CFA
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Other investors who've written on Adyen N.V.
Adyen was added to the portfolio due to its high-quality compounding profile, attractive valuation, and structural advantage of minimal stock-based compensation dilution arising from Dutch tax policies.
Adyen is a company we admired from afar for years, thinking its gaudy valuation would forever preclude us from owning shares. In 2022, we...
Adyen is a high-growth payment company positioned as critical infrastructure in the commerce ecosystem. The company's strong...