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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.
With regard to our investments in Horiba and JEOL, two Japanese companies involved in making semiconductor capital equipment, during the fourth quarter of 2025 we discussed some degree of frustration that JEOL's critical nature within the supply chain for cutting edge semiconductors had not been appreciated or reflected in its share price, even while somewhat similarly exposed Horiba had performed well, along with many industry peers, on the back of very strong capital spending by semiconductor manufacturers. Central to the...
— Matthew Fine
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Other investors who've written on JEOL, Ltd.
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