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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 | ||
|---|---|---|---|---|---|---|---|
| Oct 30, 2026 | Fund Letter | Eric Mintz, Christopher Sassouni, David CavanaughCarillon Eagle Mid Cap Growth Fund | Dycom Industries $DY• NYSE | Construction & EngineeringConstruction & Engineering | Long DY (Dycom Industries) Dycom Industries provides specialty contracting services supporting the construction, maintenance, and expansion of telecommunications, fiber-optic, and data center infrastructure. Shares underperformed despite... | BULL | View Pitch → |
| Oct 12, 2026 | Fund Letter | Jay Rhame (CEO), Tim Porter (CIO)Reaves Asset Management | Dycom Industries $DY• NYSE | Construction & EngineeringConstruction & Engineering | Long DY (Dycom Industries, Inc.) Dycom shares weakened after a major wireless customer temporarily paused spending, although the segment represents a relatively small portion of the company's business. Strong spending across... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Haicheng Li, CFAThe Baird Chautauqua International Growth Fund | Application SoftwareSoftware | The Baird Chautauqua International Growth Fund - ADYEN.AS 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 | Matt Kamm, Jason White, Jim Hamel, Angela Wu, Jay WarnerArtisan Mid Cap Fund | Electronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components | Artisan Mid Cap Fund - TDY Teledyne provides advanced sensing, transmission and analysis technologies across niche markets, including digital imaging, instrumentation, and aerospace and defense electronics. Recent results exceeded... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Roderick van ZuylenNight Watch Investment Management | Application SoftwareSoftware | Night Watch Investment Management - ADYEN.AS Naturally, we are buyers of such businesses. If we can... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Nick, Erwin and DonnyLakehouse Global Growth Fund | Application SoftwareSoftware | Lakehouse Global Growth Fund - ADYEN.AS Adyen was our second largest detractor this year as revenue growth slipped below the long-expected 20% mark and the stock was punished for it. Fears of intensifying... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jason WhiteArtisan Global Discovery | Electronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components | Artisan Global Discovery - TDY Teledyne provides advanced sensing, transmission and analysis technologies across niche markets, including digital imaging, instrumentation, and aerospace and defense electronics. Recent results exceeded... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Spyglass Capital | GoDaddy Inc. $GDDY• NASDAQ | Application SoftwareSoftware | Short GDDY (GoDaddy, Inc.) GoDaddy, Inc. (GDDY), a cloud-based web platform for small businesses, was sold during the second quarter. GoDaddy was a... | BEAR | View Pitch → |
| Aug 21, 2026 | Fund Letter | Michael P. McCloskeyGreensKeeper Value Fund | Amadeus IT Group $AMADY• NASDAQ | -- | Long AMADY (Amadeus IT Group) We also initiated a new position during the quarter: Amadeus IT Group (AMADY). Headquartered in Madrid,... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Roderick van ZuylenNight Watch Investment Management | Application SoftwareSoftware | Long ADYEN.AS (Adyen N.V.) Naturally, we are buyers of such businesses. If we can... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Jordan McNameeOptimist Fund | Monday.com $MNDY• NASDAQ | Application SoftwareSoftware | Long MNDY (Monday.com) We maintained a position in Monday.com into 2026, believing management could execute against the objectives they had outlined in the fall of 2025. Following the company's... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Investment CommitteeTweedy, Browne International Value II | Monday.com $MNDY• NASDAQ | Application SoftwareSoftware | Long MNDY (Monday.com) Monday.com is an Israel-based leader in the workflow-management software space. It integrates systems... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Thomas Coutts / Brian Lum / Julia Angeles / Lawrence Burns / Robert WilsonBaillie Gifford -International Growth | BYD Company Limited $BYDDY• NASDAQ | AutomobilesAutomobiles | Long BYDDY (BYD Company Limited) On the positive side, many of our Chinese names have done very well. Pinduoduo [PDD], Wuxi... | BULL | View Pitch → |
| Aug 20, 2026 | Other | RGA Investment Advisors | Application SoftwareSoftware | RGA Investment Advisors – ADYEN.AS Adyen is a company we admired from afar for years, thinking its gaudy valuation would forever preclude us from owning shares. In 2022, we... | BULL | View Pitch → | |
| Aug 19, 2026 | Substack | dbsilverfoxSubstack (dbsilverfox) | Application SoftwareSoftware | Portfolio update as of 11.08.2026Adyen N.V. – ADYEN.AS Adyen is a high-growth payment company positioned as critical infrastructure in the commerce ecosystem. The company's strong... | NEUTRAL | View Pitch → | |
| Aug 18, 2026 | Substack | hdcapitalpartnersSubstack (hdcapitalpartners) | Application SoftwareSoftware | Ready, Tech, Go – finding value in the SaaS carnageReadyTech Holdings Limited – RDY.AX ReadyTech (ASX:RDY) is significantly undervalued, trading at a fraction of its intrinsic value due to historical missed revenue targets and a broader sell-off in software stocks. The company offers... | BULL | View Pitch → | |
| Aug 18, 2026 | Fund Letter | Jason GilbertRGA Investment Advisors LLC | Application SoftwareSoftware | Long ADYEN.AS (Adyen N.V.) Adyen is a company we admired from afar for years, thinking its gaudy valuation would forever preclude us from owning shares. In 2022, we... | BULL | View Pitch → | |
| Jun 30, 2026 | Fund Letter | Jay Rhame (CEO), Tim Porter (CIO)Reaves Asset Management | Dycom Industries $DY• NYSE | Construction & EngineeringConstruction & Engineering | Long DY (Dycom Industries, Inc.) Dycom Industries produced an exceptionally strong quarter that came in well ahead of expectations. This was accompanied... | BULL | View Pitch → |
| Apr 21, 2026 | Substack | HD Capital | -- | Long RDY-AX (ReadyTech Holdings Limited) ReadyTech is an extremely cheap, resilient provider of vertical market software (VMS) spanning HR/payroll, education, and local government. Having been oversold... | BULL | View Pitch → | |
| Feb 27, 2026 | Fund Letter | Michael W. CookSouthernSun SMID Cap | Dycom Industries $DY• NYSE | Construction & EngineeringConstruction & Engineering | SouthernSun SMID Cap 2025 Q4 (DY) Dycom Industries, Inc. (DY) After a long and successful ownership of DY, we decided to exit our position in the fourth quarter in favor of more attractive opportunities. The business is... | BEAR | View Pitch → |
| Feb 27, 2026 | Fund Letter | Michael W. CookSouthernSun Small Cap | Dycom Industries $DY• NYSE | Construction & EngineeringConstruction & Engineering | SouthernSun Small Cap 2025 Q4 (DY) Dycom Industries Inc. (DY) After a long and successful ownership of DY, we decided to exit our position in the fourth quarter in favor of more attractive opportunities. The business is... | BEAR | View Pitch → |
| Feb 20, 2026 | Fund Letter | Jordan McNameeOptimist Fund | Monday.com $MNDY• NASDAQ | Application SoftwareSoftware | Optimist Fund 2025 Q4 (MNDY) Monday.com – In November, Monday.com reported a mixed quarter, with revenue and free cash flow growing approximately 26% and 10% year over year, respectively. Enterprise performance continued... | BEAR | View Pitch → |
| Jan 8, 2026 | Fund Letter | Tim LiuMeditation Capital | Monday.com $MNDY• NASDAQ | Application SoftwareSoftware | Meditation Capital 2025 Q2 (MNDY) ” Recently, two software companies we've tracked for years and owned in the past, Monday.com and GitLab, fell from >11x NTM sales at peak earlier in the year to 7x then 5x sales, and at 5x we bought positions in both, as well as added to our existing position in Braze, which traded as low as 3x. Sometimes it's best... | BULL | View Pitch → |
| Jan 8, 2026 | Fund Letter | Ken Korngiebel, Thomas Bradley, Natalie PesquéWasatch Micro Cap Fund | IT ServicesIT Services | Wasatch Micro Cap Fund 2025 Q2 (GDYN) Grid Dynamics Holdings, Inc. (GDYN) offers information-technology (IT) services including technical consulting, digital transformation, internet services operations and software development. The industry has... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Michael W. CookSouthernSun Small Cap | Dycom Industries $DY• NYSE | Construction & EngineeringConstruction & Engineering | SouthernSun Small Cap 2025 Q2 (DY) Dycom Industries, Inc. (DY), a leading provider of engineering and construction services to the telecommunications and utility industries, was a top contributor in the Small Cap strategy in the second quarter. Revenue was up... | BULL | View Pitch → |
| Nov 28, 2025 | Fund Letter | Investment CommitteeTweedy, Browne Worldwide High Dividend | DBS Group Holdings Ltd. $DBSDY• NASDAQ | BanksBanks | Long DBSDY (DBS Group Holdings Ltd.) DBS contributed to performance after strong quarterly earnings driven by higher net interest margins and expanding fee income. The bank continues... | 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.