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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 | ||
|---|---|---|---|---|---|---|---|
| Sep 8, 2026 | Fund Letter | Scott KlarquistSeven Corners Capital Management, LLC | Maplebear Inc. (Instacart) $CART• NASDAQ | Broadline RetailBroadline Retail | Long CART (Maplebear Inc. (Instacart)) Maplebear Inc. ($CART), commonly known as Instacart, operates the leading North American online grocery technology platform connecting consumers, retail partners, and independent personal shoppers. Holding an 8.4%... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Joe BauernfreundAVI Global Trust | Investment Banking & BrokerageCapital Markets | AVI Global Trust - CHRY.L Chrysalis was our second largest detractor in the first half of this financial year. While this was... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Mat MastersCaledonia Investment | Oracle Corporation $ORCL• NYSE | Application SoftwareSoftware | Caledonia Investment - ORCL Oracle's share price rose sharply in September following a series of AI-related announcements, which led to a significant re-rating of the shares. Our return of... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Aaron ChanRecurve Capital | Other Specialty RetailSpecialty Retail | Recurve Capital - CVNA Carvana is -22% YTD through June 30th and has driven about 80% of our negative performance YTD. An otherwise slightly... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Pontus DackmoProtean Small Cap | IndustrialsIndustrials | Protean Small Cap - CINT.ST We have agreed to sell our CINT shares to the bidders at a price of SEK 6.0, an increase from the initial public bid level of SEK 5.60. The share has... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Daniel GladišVltava Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Vltava Fund - CVE.TO We also sold the Canadian Cenovus Energy. This was the... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Daniel GladišVltava Fund | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Vltava Fund - KLAC During the second quarter, we sold the troika Lam Research, Applied Materials, and KLA Corporation, all of which are key suppliers of manufacturing equipment and process control solutions for the semiconductor industry. These are undoubtedly... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Daniel GladišVltava Fund | Lam Research Corp $LRCX• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Vltava Fund - LRCX During the second quarter, we sold the troika Lam Research, Applied Materials, and KLA Corporation, all of which are key suppliers of manufacturing equipment and process control solutions for the semiconductor industry. These are undoubtedly... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Paul S. MichelProvident Financial Articles | Oracle Corporation $ORCL• NYSE | Application SoftwareSoftware | Provident Financial Articles - ORCL The bottom chart graphs the combined capital spending of five of the largest tech companies building AI infrastructure: Microsoft, Amazon, Meta, Alphabet, and Oracle. The group spent... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Daniel ShvartsmanMiddle Coast Investing LLC | IT ServicesIT Services | Middle Coast Investing - CDW CDW Corporation is a tech distributor - instead of buying from Apple, Amazon, or HP directly, you might work through CDW for IP support along with the right array of hardware and software. CDW is in... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Daniel ShvartsmanMiddle Coast Investing LLC | Application SoftwareSoftware | Middle Coast Investing - CPAY Corpay is in the financial stocks basket. The manager highlights... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Mohnish PabraiPabrai Wagons Fund | Application SoftwareSoftware | Pabrai Wagons Fund - CSU.TO Constellation Software is a very high-quality compounder founded by Mark Leonard. It operates a... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Mohnish PabraiPabrai Wagons Fund | Warrior Met Coal Inc $HCC• NYSE | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Pabrai Wagons Fund - HCC We are invested in a handful of metallurgical (met) coal businesses. All of these... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Sebastian Lyon, Charlotte YongeTrojan Fund from Troy Asset Management | -- | Trojan Fund from Troy Asset Management - ALC.SW Whereas Visa's latest quarter revealed one of the strongest underlying growth rates in more than a decade, Alcon's operating performance has been less than stellar. The shares are... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Cameron McKendryTurtle Creek | Real Estate Management & DevelopmentReal Estate Management & Development | Turtle Creek Fund - CIGI The largest detractor from our performance this year is Colliers, a relatively newer holding given we first established the position five years ago. It's a great... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jason & JesseDKAM Donville Kent Asset Management | -- | DKAM Donville Kent Asset Management - CXR.TO Cipher Reported Q1 Earnings – Cash Earnings +94%. Revenue $12.5M +4%,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jason & JesseDKAM Donville Kent Asset Management | -- | DKAM Donville Kent Asset Management - ZDC.TO Zedcor Reported Q1 Earnings – Cash Earnings +51%. Revenue $19.4M +69%,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ross GlotzbachLongleaf Partners Global Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Longleaf Partners Global Fund - CNX After contributing in the first quarter, natural gas company CNX Resources detracted in the second quarter. The company reported... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ross GlotzbachLongleaf Partners Global Fund | Jollibee Foods Corporation $JBFCF• NASDAQ | -- | Longleaf Partners Global Fund - JBFCF Global quick-service restaurant chain Jollibee was among the top detractors in the quarter. The weakness in... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Ross GlotzbachLongleaf Partners Global Fund | Albertsons Companies $ACI• NYSE | Consumer Staples Merchandise RetailConsumer Staples Merchandise Retail | Longleaf Partners Global Fund - ACI Supermarket operator Albertsons was a detractor in the quarter. While current comparable... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Small-Cap Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Longleaf Partners Small Cap Fund - CNX After contributing in the first quarter, natural gas company CNX Resources detracted in the second quarter. The company reported... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Longleaf Partners Fund - CNX After contributing in the first quarter, natural gas company CNX Resources detracted in the second quarter. The company reported... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Fund | Albertsons Companies $ACI• NYSE | Consumer Staples Merchandise RetailConsumer Staples Merchandise Retail | Longleaf Partners Fund - ACI Supermarket operator Albertsons was a detractor in the quarter. While current comparable... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Fund | Interactive Media & ServicesInteractive Media & Services | Longleaf Partners Fund - IAC The related group of digital and print publisher People Inc. and hospitality and entertainment company MGM Resorts both contributed positively during the quarter. The main piece... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Intel Corporation $INTC• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | The Bristlemoon Global Fund - INTC In May, it was reported that Intel had reached an agreement with Apple to manufacture some of the latter's chips, though the product family and process node are currently unknown. This followed an... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Haicheng Li, CFAThe Baird Chautauqua International Growth Fund | Application SoftwareSoftware | The Baird Chautauqua International Growth Fund - CSU.TO We took the opportunities afforded by the strong market to trim holdings that appreciated the most, led by our semiconductor and automation names, and to redirect the proceeds into a small number of higher conviction positions that lagged. For example, we... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | David G. Herro, Tony Coniaris, Eric Liu, M. Colin Hudson, John A. SitarzOakmark Global Select Fund | Investment Banking & BrokerageCapital Markets | Oakmark Global Select Fund - ICE Intercontinental Exchange (ICE) was the top detractor during the quarter. The financial exchange... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | William C. NygrenOakmark Select Fund | Investment Banking & BrokerageCapital Markets | Oakmark Select Fund - ICE Intercontinental Exchange (ICE) was the top detractor during the quarter. The financial exchange... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | William C. NygrenOakmark Select Fund | Centene Corp $CNC• NYSE | Health Care Providers & ServicesHealth Care Providers & Services | Oakmark Select Fund - CNC Centene was the top contributor during the quarter. Shares of the... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Steve JohnsonForager Australian Shares Fund | Hotels, Resorts & Cruise LinesHotels, Restaurants & Leisure | Forager Australian Shares Fund - CTD.AX Travel management business Corporate Travel Management has gone from bad to worse. What was first... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Steve JohnsonForager Australian Shares Fund | Systems SoftwareSoftware | Forager Australian Shares Fund - CCL.AX Cuscal, currently the largest investment in the Fund, contributed 3.4% to performance last year. The business sits... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Adam D. AbbasOakmark Fixed Income | Oracle Corporation $ORCL• NYSE | Application SoftwareSoftware | Oakmark Fixed Income - ORCL In our view, its enterprise relationships, proprietary software and decades of customer data position the company to benefit regardless of how the competitive landscape evolves. Oracle isn't a... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | David G. Herro, Tony Coniaris, Eric Liu, M. Colin Hudson, John A. SitarzOakmark Global Fund | Textiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods | Oakmark Global Fund - MC.PA LVMH (Louis Vuitton Moët Hennessy) is the world's largest luxury goods company with a portfolio of 75 brands, including prestigious houses Louis Vuitton and Dior. In our view,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | David G. Herro, Tony Coniaris, Eric Liu, M. Colin Hudson, John A. SitarzOakmark Global Fund | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Oakmark Global Fund - COO Cooper Companies is a U.S.-headquartered medical device company that manufactures contact lenses and women's health products. The contact lens... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Savi Jain & Amit Mantri2Point2 Capital | -- | 2Point2 Capital - MCX.NS MCX has been one of our most successful investments at 2Point2, yielding a 10x+ return since we first bought it in April 2020. However, its success... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Faraz Farzam, Aaron GarciaMadison Small Cap Fund | Belden Inc. $BDC• NYSE | Communications EquipmentCommunications Equipment | Madison Small Cap Fund - BDC Belden is a 120-year-old specialty networking and connectivity company that has spent the past six years deliberately transforming from a commodity wire and cable maker to an integrated IT/OT (information technology/operational technology) networking and solutions provider, serving industrial automation, smart buildings, broadband service providers, and data centers. The economics of... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Nathan Fredrick, CFARiverwater Partners Small Cap Strategy | Netscout Systems Inc - US $NTCT• NASDAQ | -- | Riverwater Partners Small Cap Strategy - NTCT We initiated a position in NetScout Systems (NTCT) in April. Founded in 1984,... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Ned BellBell Global Equities Fund | Application SoftwareSoftware | Bell Global Equities Fund - CDNS On the other side of the ledger, our holding in Cadence Design Systems, the US computational software company, was the sole exit during June, crystallising strong gains following our early-2026 purchase. The position was... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ned BellBell Global Equities Fund | Accenture plc $ACN• NYSE | IT ServicesIT Services | Bell Global Equities Fund - ACN Regarding laggards, the global professional services company Accenture was among the largest, with the shares remaining in the midst of their most severe drawdown since listing three decades ago. While we acknowledge... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Scott O'Gorman, Andy Colyer, Daniel WhiteIthaka US Growth Strategy | CrowdStrike Holdings, Inc. $CRWD• NASDAQ | Application SoftwareSoftware | Ithaka US Growth Strategy - CRWD CrowdStrike is a global leader in cloud-native cybersecurity, delivering its comprehensive Falcon platform, which spans endpoint protection, cloud security, identity threat detection, and next-gen Security Information and Event Management (SIEM), to tens of thousands of enterprise organizations worldwide. The company generates... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Joe Maginot, Haruki Toyama, Rich EisingerMadison Large Cap Fund | Commercial Services & SuppliesCommercial Services & Supplies | Madison Large Cap Fund - CPRT Volume growth at Copart, which manages salvage vehicle auctions, continues to be weak due to more under-and-uninsured auto drivers and shifting market share amongst insurance carriers. While recent performance... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Joe Maginot, Haruki Toyama, Rich EisingerMadison Large Cap Fund | Investment Banking & BrokerageCapital Markets | Madison Large Cap Fund - ICE Intercontinental Exchange, an operator of leading financial exchanges and ancillary data products, reported strong results in the quarter, but its stock has been caught up in the broad sell-off in asset-light companies that are perceived as 'AI losers'. Intercontinental Exchange (ICE)... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Adam J. Peck, CFARiverwater Sustainable Value Strategy | Netscout Systems Inc - US $NTCT• NASDAQ | -- | Riverwater Sustainable Value Strategy - NTCT NetScout provides service assurance and cybersecurity solutions built on its pioneering deep packet inspection technology, used by many Fortune 500 companies to protect digital business services against disruption. Its patented Adaptive... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Adam J. Peck, CFARiverwater Sustainable Value Strategy | Veeco Instruments $VECO• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Riverwater Sustainable Value Strategy - VECO Veeco Instruments (VECO) was our largest contributor for the quarter. As a supplier... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Andrew MackenMontaka Global Investments | Salesforce, Inc. $CRM• NASDAQ | Application SoftwareSoftware | Montaka Global Investments - CRM Since the start of the recent SaaS selloff – which we explored in detail in Montaka's recent whitepaper – Salesforce's share price has halved. The market is... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Alpha Wealth Funds The Insiders Fund | Cencora, Inc. $COR• NYSE | Health Care Providers & ServicesHealth Care Providers & Services | Alpha Wealth Funds The Insiders Fund - COR Cencora, formerly known as AmerisourceBergen, is a top-tier global pharmaceutical solutions leader and a top 10 Fortune 500 company. Generating over $300... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Alpha Wealth Funds The Insiders Fund | Intel Corporation $INTC• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Alpha Wealth Funds The Insiders Fund - INTC Global leader in semiconductor design and manufacturing. The primary driver... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Alpha Wealth Funds The Insiders Fund | GE Healthcare $GEHC• NASDAQ | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Alpha Wealth Funds The Insiders Fund - GEHC GE HealthCare operates as a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator. The company received... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Patrick Kelly, Dan Chung, Ankur CrawfordAlger Spectra Fund | Technology Hardware, Storage & PeripheralsTechnology Hardware, Storage & Peripherals | Alger Spectra Fund - WDC Western Digital is a hard disk drive (HDD) storage company benefiting from rising hyperscaler data-center investment and the continued proliferation of data. The HDD industry... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Nick Schommer, Brian RechtJanus Henderson Forty Fund | Oracle Corporation $ORCL• NYSE | Application SoftwareSoftware | Janus Henderson Forty Fund - ORCL Oracle was a relative detractor amid concerns over its capital spending plans. The technology company... | NEUTRAL | 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.