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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.
Explore professional investment ideas sourced from institutional letters, short theses, and premium research channels, distilled into concise summaries.
| Pitch Type | Author | Industry | Pitch Thesis & Key Summary | Bull/Bear | Action | ||
|---|---|---|---|---|---|---|---|
| Nov 10, 2026 | Fund Letter | LLOYD Capital - Growth Equity Strategy | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Long META (Meta Platforms, Inc.) The launch of Meta's Muse AI agent marks an important step in the company's ambition in bringing to market AI-driven products beyond its core advertising business. In our view,... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Marc WerresHinde Group | Amazon.com, Inc. $AMZN• NASDAQ | Broadline RetailBroadline Retail | Long AMZN (Amazon.com, Inc.) Deteriorating conditions in the Middle East did little to temper seemingly insatiable demand for AI infrastructure. Both Amazon and... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Thomas Küpfer (CIO), Moritz Solèr (CEO)LLOYD Capital - Focused Equity Strategy | Broadcom Inc $AVGO• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long AVGO (Broadcom Inc) On the other hand, our semiconductor holdings detracted from performance. ASML (-0.5 pp)... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Thomas Küpfer (CIO), Moritz Solèr (CEO)LLOYD Capital - Focused Equity Strategy | ASML Holding N.V. $ASML• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long ASML (ASML Holding N.V.) On the other hand, our semiconductor holdings detracted from performance. ASML (-0.5 pp)... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Amit WadhwaneyMoerus Capital Management LLC | -- | Long NTCO3.SA (Natura Cosméticos SA) On the negative side, the main detractors from performance in Q3 came from two general groups. The first is... | BULL | View Pitch → | |
| Nov 10, 2026 | Fund Letter | Amit WadhwaneyMoerus Capital Management LLC | Dundee Corp. $DC-A.TO• TSX | -- | Long DC-A.TO (Dundee Corp.) The Fund's five most significant positive contributors in Q3 were Dundee Corp., Greenfire Resources, Barratt Redrow, Aker ASA, and Grupo Cibest. By sector, the... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Cliff GreenbergBaron Small Cap Fund | Intapp, Inc. $INTA• NASDAQ | Application SoftwareSoftware | Long INTA (Intapp, Inc.) Intapp, Inc. is a vertical software platform serving professional and financial services firms. Shares rose on... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Alex UmanskyBaron Fifth Avenue Growth Fund | Amphenol Corporation $APH• NYSE | Electronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components | Long APH (Amphenol Corporation) We continued building our position in Amphenol Corporation during the third quarter after initiating it earlier in 2026. As a reminder,... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Alex UmanskyBaron Fifth Avenue Growth Fund | Application SoftwareSoftware | Long TSLA (Tesla Inc) Tesla, Inc. manufactures electric vehicles, solar products, and energy storage solutions and develops real-world AI technologies. Shares fell 15.6%... | BULL | View Pitch → | |
| Nov 10, 2026 | Fund Letter | Alex UmanskyBaron Fifth Avenue Growth Fund | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Long META (Meta Platforms, Inc.) Shares of Meta Platforms, Inc., the owner of Facebook, Instagram, WhatsApp, and Threads, contributed during the quarter, rising 28.8%. Second quarter results... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Alex UmanskyBaron Fifth Avenue Growth Fund | NVIDIA Corporation $NVDA• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long NVDA (NVIDIA Corporation) NVIDIA Corporation is a global leader in accelerated computing designing the semiconductors, software, networking, and systems used to build and deploy AI. Shares rose 14.3%... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Alex UmanskyBaron Global Opportunity Fund | Loar Holdings Inc. $LOAR• NASDAQ | Aerospace & DefenseAerospace & Defense | Long LOAR (Loar Holdings Inc.) Loar Holdings Inc. is a specialized aerospace components manufacturer focused on highly engineered, mission-critical products. Shares declined 23.7%... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Jeff AuxierAuxier Asset Management | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Long META (Meta Platforms, Inc.) Meta highlighted this shift on September 8 when it launched Muse, its consumer-facing AI agent platform, which quickly became the most downloaded free app on the iOS App Store. Unlike standard chatbots,... | BULL | View Pitch → |
| Nov 9, 2026 | Fund Letter | Ronald Baron, David Baron, Michael BaronBaron First Principles ETF | Application SoftwareSoftware | Long TSLA (Tesla, Inc.) Tesla, Inc. manufactures electric vehicles, solar products, and energy storage solutions and develops real-world AI technologies. Shares fell as... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | Pzena Investment Management, LLCPzena International Value ADR strategy | Application SoftwareSoftware | Long SAP.DE (SAP SE) SAP, Europe's largest pure-play software company, is a leading enterprise resource planning (ERP) provider in the midst of a customer migration from its legacy on-premise ERP suite, ECC, to its modernized, cloud-forward offering, HANA. SAP is mission-critical... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | Evan D. Fox | Application SoftwareSoftware | Long SAP.DE (SAP SE) SAP, Europe's largest pure-play software company, is a leading enterprise resource planning (ERP) provider in the midst of a customer migration from its legacy on-premise ERP suite, ECC, to its modernized, cloud-forward offering, HANA. SAP is mission-critical... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | Zach TurnerFidelity Dividend Growth Fund | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Long META (Meta Platforms Inc) An overweight in Meta Platforms also contributed. Early on, shares... | BULL | View Pitch → |
| Nov 6, 2026 | Fund Letter | Jack BeiroJB Global Capital | Broadline RetailBroadline Retail | Long BABA (Alibaba Group Holding Limited) Alibaba and Flowers Foods make up 81% of the portfolio, and the logic of holding them together is straightforward: their underlying businesses are driven by very different forces. Alibaba's future depends... | BULL | View Pitch → | |
| Nov 3, 2026 | Fund Letter | Bob SharpeVela International Fund | Edenred SE $EDEN.PA• EURONEXT | Consumer FinanceConsumer Finance | Long EDEN.PA (Edenred SE) Despite the deliberate underexposure in Financials, strong stock selection from newer holdings Edenred and Sabre Insurance were key contributors to the Fund for the fiscal year. Edenred is the... | BULL | View Pitch → |
| Nov 3, 2026 | Fund Letter | Adam Calamar, Kurt Havnaer, Tyra PrattJensen Investment | InsuranceInsurance | Long AON (Aon PLC) AON PLC (AON), one of the largest insurance brokers in the world, was the second largest detractor from performance during the quarter. We believe the... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | Daniel S. LoebThird Point Partners | Construction & EngineeringConstruction & Engineering | Long APG (APi Group Corporation) APi Group provides fire protection, electronic security, elevator, and specialty infrastructure services. The business is... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Financial ServicesFinancial Services | Long FNMA (Federal National Mortgage Association) We view our investment in F2 as long-term, mispriced, probabilistic options that have the potential to increase in value by more than 10-fold from current share prices. Importantly, F2 also... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Alcon Inc. $ALC• NYSE | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Long ALC (Alcon Inc.) Alcon's share price declined 5% from our average cost in the third quarter despite reporting strong second-quarter results, with robust margin expansion in the quarter against modest expectations driving earnings upside. The company raised... | BULL | View Pitch → |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Consumer FinanceConsumer Finance | Long MA (Mastercard Inc) Visa and Mastercard shares increased by 5% and 8% during the third quarter and 12% and 13%, respectively, year-to-date from our average acquisition prices. Both companies reported... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Amazon.com, Inc. $AMZN• NASDAQ | Broadline RetailBroadline Retail | Long AMZN (Amazon.com Inc.) Amazon's share price increased 5% during the third quarter and 8% year-to-date. Business momentum remains... | BULL | View Pitch → |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Long META (Meta Platforms Inc.) Meta's share price increased 29% during the third quarter and 10% year-to-date. Its core advertising... | BULL | View Pitch → |
| Nov 2, 2026 | Fund Letter | Yaron Naymark1 Main Capital | Hotels, Restaurants & LeisureHotels, Restaurants & Leisure | Long BFIT.AS (Basic-Fit N.V.) BFIT has continued to execute since we reinitiated the investment in 2024. In its most... | BULL | View Pitch → | |
| Nov 1, 2026 | Fund Letter | Michael KassBaron Emerging Markets Fund | -- | Long DIVISLAB.NS (Divi's Laboratories Limited) Divi's Laboratories Limited is a leading global manufacturer of active pharmaceutical ingredients (APIs) and intermediates. The stock contributed... | BULL | View Pitch → | |
| Nov 1, 2026 | Fund Letter | Michael KassBaron Emerging Markets Fund | -- | Long DATAPATTNS.NS (Data Patterns (India) Limited) Data Patterns is a leading designer and manufacturer of mission-critical electronics for the defense and aerospace sectors in India. With over four... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Patrick BrennanBrennan Asset Management, LLC | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Short META (Meta Platforms Inc) As for Meta Platforms Inc.'s (META) new "Muse" product, which might help negotiate lower cable prices, it is unclear how large its impact will be. Skepticism seems warranted.... | BEAR | View Pitch → |
| Oct 30, 2026 | Fund Letter | Patrick BrennanBrennan Asset Management, LLC | Telecommunication ServicesTelecommunication Services | Long GLIBA (Liberty Broadband Corporation) Elon Musk's SpaceX purchase of U.S. spectrum scared investors into believing that not only will SpaceX instantly disrupt the U.S. market but also that this purchase implies SpaceX will buy up spectrum everywhere simultaneously…even in markets where none is for sale. A "bot-war" narrative... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Western & Southern Financial Group / Touchstone InvestmentsTouchstone Balanced Fund | Workday Inc $WDAY• NASDAQ | Application SoftwareSoftware | Long WDAY (Workday Inc) Selection within Information Technology contributed most, including overweight positions in Microsoft Corp. (Information Technology sector), Meta Platforms Inc. (Communication Services sector), Salesforce Inc. (Information Technology sector) and Workday Inc. (Information Technology sector). | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Western & Southern Financial Group / Touchstone InvestmentsTouchstone Balanced Fund | Meta Platforms, Inc. $META• NASDAQ | Interactive Media & ServicesInteractive Media & Services | Long META (Meta Platforms Inc.) Selection within Information Technology contributed most, including overweight positions in Microsoft Corp. (Information Technology sector), Meta Platforms Inc. (Communication Services sector), Salesforce Inc. (Information Technology sector) and Workday Inc. (Information Technology sector). | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Geoffrey P. Dybas, CFAVirtus Duff & Phelps Global Real Estate Securities Fund | IT Consulting & Other ServicesIT Services | Long NXT.AX (NEXTDC Ltd.) The next largest detractor was a position in NEXTDC, a data center company. Shares of the... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Nancy Zevenbergen, Joseph Dennison, Anthony ZackeryZevenbergen Technology Fund | NVIDIA Corporation $NVDA• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long NVDA (NVIDIA Corp.) > Shares of AI enabler NVIDIA advanced as quarterly revenue more than doubled from the year prior and topped analyst estimates. Management noted near... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | John Whelan and Kevin BertoliPM Capital Australian Companies Fund | Agricultural Products & ServicesFood Products | Long GNC.AX (GrainCorp Limited) During the quarter, GrainCorp was added to the portfolio. Recent share price... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | John Whelan and Kevin BertoliPM Capital Australian Companies Fund | Equity Real Estate Investment Trusts (REITs)Equity Real Estate Investment Trusts (REITs) | Long CIP.AX (Centuria Industrial REIT) The largest detractor was Centuria Industrial REIT. The main driver... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | John Whelan and Kevin BertoliPM Capital Australian Companies Fund | Coal & Consumable FuelsOil, Gas & Consumable Fuels | Long SMR.AX (Stanmore Resources Limited) Steelmaking coal miner Stanmore Resources was a positive contributor over the quarter. The industry is... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | John Whelan and Kevin BertoliPM Capital Australian Companies Fund | Metals & MiningMetals & Mining | Long NST.AX (Northern Star Resources Limited) Northern Star's re-rating reflected a governance reset and corporate interest in the company. After constructive discussions... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | -- | Long SPIE.PA (SPIE SA) Another negative contributor was SPIE, the French-listed pan-European technical services company. It declined over... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | Metals & MiningMetals & Mining | Long NST.AX (Northern Star Resources Limited) Northern Star attracted activist Elliott and an unsolicited offer from Gold Fields. The board rejected... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | HCA Healthcare $HCA• NYSE | Health Care Providers & ServicesHealth Care Providers & Services | Long HCA (HCA Healthcare, Inc.) The fund initiated a position in American private hospital operator HCA Healthcare. HCA operates over... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Eric Mintz, Christopher Sassouni, David CavanaughCarillon Eagle Mid Cap Growth Fund | Commercial Services & SuppliesCommercial Services & Supplies | Long RBA (RB Global) RB Global is a global marketplace for commercial assets and vehicles that facilitates transactions across automotive, construction, transportation, agriculture, and other industrial end markets. Although the company... | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Cooper Investors Pty LimitedCooper Investors Global Equities Fund (Unhedged) | Commercial Services & SuppliesCommercial Services & Supplies | Long RBA (RB Global, Inc.) The Compounding Capital pool is well diversified across businesses in industries enjoying positive tailwinds, such as live entertainment and sports content (e.g. Liberty Media (FWONK) owner of Formula One and MotoGP), Life Sciences (e.g. Thermo Fisher (TMO)), Semiconductors (e.g. Taiwan Semiconductor Manufacturing Co (2330)) and US Industrial activity (e.g. RB Global (RBA)). | BULL | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Christian RytherCurreen Capital | Auto ComponentsAuto Components | Long AAP (Advance Auto Parts, Inc.) Advance Auto Parts is a retailer of replacement automotive parts and supplies. These include batteries,... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Arne AlsinNightview Capital | Advanced Micro Devices Inc $AMD• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long AMD (Advanced Micro Devices Inc) We believe the world will want more than one major supplier of AI computing, and AMD is the most credible alternative at scale. Owning both gives... | BULL | View Pitch → |
| Oct 29, 2026 | Fund Letter | Arne AlsinNightview Capital | NVIDIA Corporation $NVDA• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long NVDA (NVIDIA Corp) Nvidia remains a core holding at nearly 10% of the portfolio, and we held our position essentially steady during the quarter. Its chips and... | BULL | View Pitch → |
| Oct 29, 2026 | Fund Letter | Arne AlsinNightview Capital | Application SoftwareSoftware | Long TSLA (Tesla Inc) Tesla remains our largest position, at roughly 11% of the portfolio. The stock had... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Andrew BrownEast72 Dynasty Trust | BrewersBeverages | Long CARL-B.CO (Carlsberg A/S) Carlsberg (market cap equivalent US$19.2billion) is the riskier growth proposition coming from a narrow beer offering to recent acquisition and “step-out” initiatives in soft drinks. Carlsberg acquired the... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Andrew BrownEast72 Dynasty Trust | -- | Long VPK.AS (Koninklijke Vopak N.V.) Before quarter end, we purchased the Dutch listed liquids storage business Vopak to which we already have an indirect exposure through its largest holder, HAL Trust. Vopak has significant... | BULL | View Pitch → |
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Investment pitches and theses displayed on Buyside Digest are summaries of opinions expressed in publicly available investor letters, research reports, or other commentary. These summaries are generated for informational and research purposes only and do not constitute investment recommendations, financial advice, or an endorsement of any particular security or strategy by Buyside Digest. Users should conduct their own independent due diligence and consult with professional advisors before making any investment decisions.