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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.
Bristol Gate's US Equity Strategy lagged the S&P 500 in Q2 2026 but continued to outpace the index in dividend growth, with portfolio TTM dividend growth of 15.4% versus 5.6% for the benchmark. The strategy's machine...
— Achilleas Taxildaris
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Other investors who've written on Costco
The manager uses Costco's forward valuation as a point of comparison to demonstrate that leading technology stocks are not excessively priced. Costco trades at...
Although Costco possesses an exceptional business model with strong member retention and international expansion prospects, its valuation at over 55 times earnings leaves zero buffer. The manager believes...
Costco Wholesale Corp. gained approximately 14% during the quarter, benefiting from its robust membership-based warehouse club model. The business demonstrates...