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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 | Marc WerresHinde Group | Application SoftwareSoftware | Long UBER (Uber Technologies, Inc.) Our positions in Uber Technologies, Inc. common stock (NYSE: UBER) and Mobility Global Inc. common stock (NYSE: MBGL), a position we added during the quarter, were notable detractors. UBER fell 5.1%... | BULL | View Pitch → | |
| Nov 10, 2026 | Fund Letter | Marc WerresHinde Group | Mobility Global Inc. $MBGL• NASDAQ | Application SoftwareSoftware | Long MBGL (Mobility Global Inc.) During the quarter, we built a new position in Mobility Global Inc. common stock (NYSE: MBGL). MBGL began “regular-way”... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Amit WadhwaneyMoerus Capital Management LLC | -- | Long CIB (Grupo Cibest / Bancolombia) Rounding out the top-five contributors was Grupo Cibest, a Holding Company that owns the leading Colombian bank (Bancolombia). Grupo Cibest, another... | BULL | View Pitch → | |
| Nov 10, 2026 | Fund Letter | Amit WadhwaneyMoerus Capital Management LLC | -- | Long BTRW.L (Barratt Redrow PLC) Other leading contributors in Q3 included United Kingdom-based Barratt Redrow, a new position added to the Fund in 2026. Barratt Redrow, the... | BULL | View Pitch → | |
| Nov 10, 2026 | Fund Letter | Cliff GreenbergBaron Small Cap Fund | JBT Marel Corporation $JBTM• NASDAQ | Industrial Machinery & Supplies & ComponentsMachinery | Long JBTM (JBT Marel Corporation) JBT Marel Corporation provides equipment and systems for the food processing industry, with particular exposure to poultry. Shares fell following... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Cliff GreenbergBaron Small Cap Fund | InsuranceInsurance | Long BWIN (The Baldwin Insurance Group, Inc.) The Baldwin Insurance Group, Inc. is a leading independent insurance distribution firm. Shares rose after... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | Ronald Baron, David Baron, Michael BaronBaron First Principles ETF | Birkenstock Holding plc $BIRK• NASDAQ | Textiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods | Long BIRK (Birkenstock Holding plc) Premium footwear brand Birkenstock declined 24.7% in the third quarter, detracting 65 bps from performance. Macroeconomic concerns and... | BULL | View Pitch → |
| Nov 9, 2026 | Fund Letter | Murray StahlHorizon Kinetics | Energy Equipment & ServicesEnergy Equipment & Services | Long LB (LandBridge Company LLC) ”... TPL's land and... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | Alyx WoodKernow Asset Management | -- | Long BOWL.L (Hollywood Bowl Group plc) Magnum Ice Cream traded ahead of expectations. As did Hollywood... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | John HemptonBronte Capital Amalthea Fund | -- | Long BJBR.JK (PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk) Current valuation - 5.7x earnings, 0.5x tangible book, probably 3.5-4x normalised earnings. Ie this is... | BULL | View Pitch → | |
| Nov 9, 2026 | Fund Letter | John HemptonBronte Capital Amalthea Fund | Berkshire Hathaway Inc. $BRK-B• NASDAQ | InsuranceInsurance | Long BRK-B (Berkshire Hathaway Inc.) The stock that amazes us is Berkshire Hathaway - currently showing (small) negative beta to the S&P 500. This is surprising... | 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 4, 2026 | Fund Letter | Derek PileckiGator Capital Management | BNP Paribas SA $BNP.PA• EURONEXT | BanksBanks | Long BNP.PA (BNP Paribas SA) Société Générale and BNP Paribas, our two largest positions, were detractors during the third quarter, and their weakness continued into October. France's political unrest,... | BULL | View Pitch → |
| Nov 3, 2026 | Fund Letter | V. Prem WatsaFairfax Financial Holdings | -- | Long IDBI.NS (IDBI Bank Limited) On October 14, 2026 the company was selected by the Government of India as the “Strategic Buyer” for a 60.72% equity interest in IDBI Bank Limited (“IDBI Bank”) pursuant to the Government of India's proposed strategic disinvestment of IDBI Bank. The company proposes... | BULL | View Pitch → | |
| Nov 3, 2026 | Fund Letter | Bob SharpeVela International Fund | Insurance BrokersInsurance | Long SBRE.L (Sabre Insurance Group plc) Sabre Insurance, the UK non-standard underwriter of motorist (auto) insurance, was the other major contributor. ) where the... | BULL | View Pitch → | |
| Nov 3, 2026 | Fund Letter | Adam Calamar, Kurt Havnaer, Tyra PrattJensen Investment | IT ServicesIT Services | Long BR (Broadridge Financial Solutions, Inc.) The second largest contributor to Portfolio performance during the quarter was Broadridge Financial Solutions, Inc. (BR), a leading provider of technology and infrastructure supporting financial markets. The company provides... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Investment Banking & BrokerageCapital Markets | Long BN (Brookfield Corporation) After significantly outperforming peers earlier in the year, BN's share price declined 14% in the third quarter and 20% year-to-date. Sector-wide concerns continue... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Application SoftwareSoftware | Long UBER (Uber Technologies, Inc.) Uber's share price declined 5% in the third quarter and 16% year-to-date. Investor concerns regarding... | BULL | View Pitch → | |
| Nov 2, 2026 | Fund Letter | Yaron Naymark1 Main Capital | Building ProductsBuilding Products | Long LMB (Limbach Holdings, Inc.) I more than doubled 1MC's investment in LMB after weak Q2 results caused it to decline meaningfully to a level 75% below its 2025 highs. I recently discussed... | 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 | Sberbank of Russia PJSC $SBER.ME• NASDAQ | -- | Long SBER.ME (Sberbank of Russia PJSC) Shares of Sberbank of Russia PJSC contributed to performance during the quarter. Following Russia's invasion... | 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 → | |
| Oct 30, 2026 | Fund Letter | Patrick BrennanBrennan Asset Management, LLC | GCI Liberty, Inc. $GLIBA• NASDAQ | 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 | Patrick BrennanBrennan Asset Management, LLC | Blackstone Inc. $BX• NYSE | Investment Banking & BrokerageCapital Markets | Long BX (Blackstone Inc.) We move from a name perceived by value investors as something close to Superman to one that many value investors would view as closer to Lex Luthor. We described our... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Patrick BrennanBrennan Asset Management, LLC | Berkshire Hathaway Inc. $BRK-B• NASDAQ | InsuranceInsurance | Long BRK-B (Berkshire Hathaway Inc.) Long-time client accounts have owned Berkshire Hathaway (BRK) for years, but we have not owned the iconic company across all accounts. Berkshire's sheer size... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Nancy Ann Zevenbergen, CFAZevenbergen Innovative Growth Stock Fund | Rocket Lab Corp. $RKLB• NASDAQ | Aerospace & DefenseAerospace & Defense | Long RKLB (Rocket Lab Corp.) Despite in-line results and better-than-expected revenue guidance, shares of launch services and space systems provider Rocket Lab pulled back alongside the broader space ecosystem. This pullback likely... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Dominick D'AngeloO'Keefe Stevens Advisory, Inc | M&T Bank Corporation $MTB• NYSE | BanksBanks | Short MTB (M&T Bank Corporation) We sold M&T on July 29 at $248 as the risk-reward was no longer attractive. The stock traded... | BEAR | View Pitch → |
| Oct 30, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | Metals & MiningMetals & Mining | Short GMEXICOB.MX (Grupo México, S.A.B. de C.V.) We reduced the Fund's positioning across the copper sector during the quarter, exiting Grupo Mexico and materially reducing our positions in Freeport McMoRan and Teck Resources. COMEX copper hit... | BEAR | View Pitch → | |
| Oct 30, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | Bodycote plc $BOY.L• LSE | -- | Long BOY.L (Bodycote plc) Bodycote attracted three private equity bidders. We exited after... | 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 | GetBusy plc $GETB.L• LSE | Application SoftwareSoftware | Long GETB.L (GetBusy plc) GetBusy provides online document exchange systems, primarily for accountants. GetBusy spun out... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Christian RytherCurreen Capital | Application SoftwareSoftware | Long TRUE-B.ST (Truecaller AB) We returned to Truecaller, putting 2% of the fund into the business at SEK 16.75. We had sold... | 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 | Hrishikesh GuptaSGA - Emerging Markets Growth | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was a top detractor during the quarter. While loan growth,... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | Grab Holdings $GRAB• NASDAQ | Application SoftwareSoftware | Long GRAB (Grab Holdings) Grab Holdings was a top detractor during the third quarter despite delivering strong second-quarter results. Gross merchandise value... | BULL | View Pitch → |
| Oct 29, 2026 | Fund Letter | Hrishikesh GuptaSGA - Global Growth | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was a top detractor during the quarter. While loan growth,... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Tucker BrownSGA - International Growth | BanksBanks | Long HDFCBANK.NS (HDFC Bank) HDFC Bank was a top detractor during the quarter. While loan growth,... | BULL | View Pitch → | |
| Oct 29, 2026 | Fund Letter | Tucker BrownSGA - International Growth | Grab Holdings $GRAB• NASDAQ | Application SoftwareSoftware | Long GRAB (Grab Holdings) Grab Holdings was a top detractor during the third quarter despite delivering strong second-quarter results. Gross merchandise value... | BULL | View Pitch → |
| Oct 15, 2026 | Fund Letter | David M. PoppeGiverny Capital Asset Management | Builders FirstSource, Inc. $BLDR• NASDAQ | Building ProductsBuilding Products | Short BLDR (Builders FirstSource, Inc.) During the quarter we exited our small holding in Builders FirstSource, realizing a loss. Builders FirstSource is... | BEAR | View Pitch → |
| Oct 15, 2026 | Fund Letter | Ken Squire13D Activist Fund | MachineryMachinery | Long SKF-B.ST (SKF AB) This was an August 2022 Swedish activist campaign by Cevian Capital. SKF is a... | BULL | View Pitch → | |
| Oct 15, 2026 | Fund Letter | Jack McPherson and Dave AdamsAristotle Small/Mid Cap Equity | Application SoftwareSoftware | Long BSY (Bentley Systems, Incorporated) Bentley Systems (BSY), is an infrastructure engineering software company that provides software and digital twin solutions used to design, build, and operate critical infrastructure across transportation, water, energy, and construction markets worldwide. We believe the... | BULL | View Pitch → | |
| Oct 15, 2026 | Fund Letter | Tom Wetherald and Eddie ReillyMinot Light Capital Partners | Mobia Medical $MOBI• NASDAQ | -- | Long MOBI (Mobia Medical) Going back to MOBI, we believe the company is poised to capitalize on a multibillion-dollar market opportunity using its Vagus Nerve Stimulator (Vivistim) to enhance stroke recovery for patients who have recently experienced a stroke (incidence), as well as patients who have had a stroke any time over the past 20+ years (prevalence). When Vivistim is... | BULL | View Pitch → |
| Oct 15, 2026 | Fund Letter | JohnAkre Focus Fund | Investment Banking & BrokerageCapital Markets | Long BN (Brookfield Corp.) Our alternative asset managers routinely bear the brunt of whatever macro fears dominate financial headlines yet have compounded at attractive rates regardless... The general concerns... | BULL | View Pitch → | |
| Oct 15, 2026 | Fund Letter | Adam J. Peck, CFARiverwater Sustainable Value Strategy | -- | Long KBR (KBR, Inc.) KBR, which replaced Everus, plans to separate its government services business from its technology segment in early January. The technology business... | BULL | View Pitch → | |
| Oct 15, 2026 | Fund Letter | Adam J. Peck, CFARiverwater Sustainable Value Strategy | Birkenstock Holding plc $BIRK• NASDAQ | Textiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods | Long BIRK (Birkenstock Holding plc) We also initiated a position in Birkenstock (BIRK). Within footwear, we... | BULL | View Pitch → |
| Oct 15, 2026 | Fund Letter | Nathan Fredrick, CFARiverwater Partners Small Cap Strategy | PharmaceuticalsPharmaceuticals | Long PBH (Prestige Consumer Healthcare Inc.) Prestige Consumer Healthcare (PBH): We initiated a position in Prestige Consumer Healthcare, which owns a portfolio of niche over-the-counter health brands, including Dramamine, Clear Eyes, Breathe Right, and Chloraseptic. We view the... | BULL | View Pitch → | |
| Oct 15, 2026 | Fund Letter | Nathan Fredrick, CFARiverwater Partners Small Cap Strategy | BanksBanks | Short CCB (Coastal Financial Corporation) We exited Coastal Financial in July. Our thesis rested... | BEAR | View Pitch → | |
| Oct 15, 2026 | Fund Letter | RS Value TeamRS Large Cap Val Strategy | Zebra Technologies Corp $ZBRA• NASDAQ | Communications EquipmentCommunications Equipment | Long ZBRA (Zebra Technologies Corporation) Zebra Technologies makes automatic identification and data capture hardware, software, and services. Its products include... | BULL | View Pitch → |
| Oct 15, 2026 | Fund Letter | Nathan Fredrick, CFARiverwater Micro Opportunities Strategy | BanksBanks | Short CCB (Coastal Financial Corporation) We exited Coastal Financial (CCB) in July. Our thesis rested... | BEAR | 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.