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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 | -- | Long PSHZF (Pershing Square Holdings, Ltd.) Pershing Square Holdings ($PSHZF) is an investment holding company managed by Bill Ackman that holds concentrated positions in high-quality North American public companies. Representing 25.6% of... | 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 | Mohnish PabraiPabrai Wagons Fund | Airport ServicesTransportation Infrastructure | Pabrai Wagons Fund - TAVHL.IS TAV operates 15 airports in 8 countries. TAV has high... | 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 | Cameron McKendryTurtle Creek | Consumer FinanceConsumer Finance | Turtle Creek Fund - BFH With two other companies, one of them has risen 150% (Bread Financial) in the last twenty-four months. We've written in... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Cameron McKendryTurtle Creek | Food ProductsFood Products | Turtle Creek Fund - PBH.TO Another large detractor from our performance in 2026 is Premium Brands, a company that we have owned for over 20 years (at various weightings) and is currently one of our largest holdings. Premium Brands is... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jason & JesseDKAM Donville Kent Asset Management | Electrical Components & EquipmentElectrical Equipment | DKAM Donville Kent Asset Management - HPS-A.TO Hammond Power Reported Q1 Earnings – Cash Earnings +30%. Revenue $265M +32%,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jason & JesseDKAM Donville Kent Asset Management | Health Care TechnologyHealth Care Technology | DKAM Donville Kent Asset Management - VHI.TO VitalHub Reported Q1 Earnings – Cash Earnings +35%. Revenue $31.9M +47%,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Tectonic Investors | BYD Auto Co Ltd $1211.HK• HKEX | AutomobilesAutomobiles | Tectonic Investors - 1211.HK BYD was the most significant detractor for the Fund over the quarter, with the share price declining by approximately -32%. The quarter began... | BEAR | View Pitch → |
| Sep 2, 2026 | Fund Letter | Paul CerroCedar Grove Capital Management | Hims & Hers Health $HIMS• NASDAQ | PharmaceuticalsPharmaceuticals | Cedar Grove Capital Management - HIMS Our biggest contributors of the quarter were The Oncology Institute (TOI), Hims and Hers Health (HIMS), and uniQure NV (QURE). Some of you... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | William C. Nygren, Michael A. Nicolas, Robert F. BierigOakmark Fund | Equitable Holdings $EQH• NYSE | Investment Banking & BrokerageCapital Markets | Oakmark Fund - EQH Equitable Holdings is a U.S.-headquartered diversified financial services company operating across retirement, asset management, and wealth management. The life and... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Steve JohnsonForager Australian Shares Fund | Diversified Metals & MiningMetals & Mining | Forager Australian Shares Fund - MAH.AX Mining and civil contractor Macmahon Holdings has been a strong performer as operational delivery and contract wins continued to compound. The business is... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Steve JohnsonForager Australian Shares Fund | Application SoftwareSoftware | Forager Australian Shares Fund - HPG.AX Another to see its share price fall despite continued progress was tradie portal hipages. At the first-half... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | John FoxFenimore Dividend Focus Strategy | Houlihan Lokey, Inc. $HLI• NYSE | Investment Banking & BrokerageCapital Markets | Fenimore Dividend Focus Strategy - HLI Dividends of our holdings increased 10.5% over the past 12 months, with all but two increasing their dividend. The top dividend... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Adam J. Peck, CFARiverwater Sustainable Value Strategy | Methanex Corp. $MEOH• NASDAQ | Commodity ChemicalsChemicals | Riverwater Sustainable Value Strategy - MEOH Methanex (MEOH) was the largest detractor during the quarter. Methanex sold off... | BULL | 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 | Tom Treanor & Charlotte CuthbertsonAVI Worldwide Opportunities Fund | Asset Management & Custody BanksCapital Markets | AVI Worldwide Opportunities Fund - HVPE.L Our listed private equity positions, Harbourvest Global Private Equity (HVPE) and Pantheon International (PIN) performed well over the quarter, adding just under 100bps on a combined basis to AWO's NAV. At a high... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Nick Schommer, Brian RechtJanus Henderson Forty Fund | Health Care Providers & ServicesHealth Care Providers & Services | Janus Henderson Forty Fund - UNH Stock selection was a strong driver of relative performance, with UnitedHealth Group a top relative contributor. Last year, the... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ned Bell, Joel Connell, Matt SaddingtonBell Global Emerging Companies Fund | Investment Banking & BrokerageCapital Markets | Bell Global Emerging Companies Fund - PGHN.SW Regarding laggards, Partners Group, a leading Swiss private markets manager, underperformed in June following reports of elevated redemption requests across its evergreen (semi-liquid) funds, prompting the firm to temporarily cap withdrawals in certain vehicles in line with standard liquidity provisions. While the market... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Austin HawleyDiamond Hill Large Cap Strategy | Humana Inc $HUM• NYSE | Health Care Providers & ServicesHealth Care Providers & Services | Diamond Hill Large Cap Strategy - HUM Health care services and insurance company Humana is a new holding in 2Q26 and the second-largest Medicare Advantage insurer in the US. Shares outperformed in... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | John W. RogersAriel Appreciation Fund | Houlihan Lokey, Inc. $HLI• NYSE | Investment Banking & BrokerageCapital Markets | Ariel Appreciation Fund - HLI We purchased Houlihan Lokey Inc. (HLI), a global financial advisory firm with a leading position in middle-market M&A and restructuring. While the firm... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | John W. RogersAriel Appreciation Fund | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Ariel Appreciation Fund - HAE Also during the quarter, we initiated a position in Haemonetics Corporation (HAE), a developer and distributor of a broad portfolio of hematology products and solutions. The company operates... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Nicholas CreganFairlight Global Small & Mid Cap Fund | Industrial ConglomeratesIndustrial Conglomerates | Fairlight Global Small & Mid Cap Fund - HLMA.L Halma owns over 50 specialised manufacturers operating in global niches within the safety, environmental and healthcare sectors. The group has... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Interactive Media & ServicesInteractive Media & Services | Thornburg International Equity Fund - 0700.HK Tencent was one of the biggest detractors from performance. Chinese social media,... | NEUTRAL | View Pitch → | ||
| Sep 2, 2026 | Fund Letter | John W. Rogers, Jr.Ariel Fund | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Ariel Fund - HAE Also during the quarter, we initiated a position in Haemonetics Corporation (HAE), a developer and distributor of a broad portfolio of hematology products and solutions. The company operates... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | John W. Rogers, Jr.Ariel Fund | Sphere Entertainment Co. $SPHR• NASDAQ | Movies & EntertainmentEntertainment | Ariel Fund - SPHR Live entertainment, media, and technology company, Sphere Entertainment Co. (SPHR) traded higher, on solid earnings and improving operating fundamentals. Strong demand for... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Ariel Investments, LLCAriel Small Cap Value Strategy | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Ariel Small Cap Value Strategy - HAE Also during the quarter, we initiated a position in Haemonetics Corporation (HAE), a developer and distributor of a broad portfolio of hematology products and solutions. The company operates... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ariel Investments, LLCAriel Small Cap Value Strategy | Sphere Entertainment Co. $SPHR• NASDAQ | Movies & EntertainmentEntertainment | Ariel Small Cap Value Strategy - SPHR Live entertainment, media, and technology company, Sphere Entertainment Co. (SPHR) traded higher on solid earnings and improving operating fundamentals. Strong demand for... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Matthew SweeneyLaughing Water Capital | Theravance $TBPH• NASDAQ | BiotechnologyBiotechnology | Laughing Water Capital - TBPH Theravance Biopharma was introduced in our Q1'26 letter. Following the failure... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Benjamin Allen, Todd Ahlsten, Andrew ChoiParnassus Core Equity Fund | Broadline RetailBroadline Retail | Parnassus Core Equity Fund - DASH DoorDash, the food delivery platform, is a new position initiated during the quarter. We bought the... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | The Heartland Investment TeamHeartland Value Fund | -- | Heartland Value Fund - SAH UTL demonstrates that there are plenty of attractively priced, small-cap companies outside of Technology. So does Sonic... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Home FurnishingsHousehold Durables | Colebrooke Partners - HWDN.L Howdens manufactures and distributes fitted kitchens and joinery, and sells them exclusively to the building trade, the small local builders and fitters who install most of Britain's kitchens, through a network of 891 UK depots. The homeowner is... | NEUTRAL | View Pitch → | ||
| Sep 2, 2026 | Fund Letter | George K. LivadasUpslope Capital Management | IT ServicesIT Services | Upslope Capital Management - JKHY The Fund also exited Jack Henry (JKHY, fintech business focused on core processing and payments for regional banks). This was disappointing,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | John G. KhabbazPhoenician Capital | Halozyme Therapeutics $HALO• NASDAQ | BiotechnologyBiotechnology | Phoenician Capital - HALO HALO licenses a technology, ENHANZE®, that allows large pharmaceutical companies to replace hours on an IV drip for a quick shot under the skin. The technology works... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Emma Fisher & Matt WilliamsAirlie Australian Share Fund | James Hardie $JHX.AX• ASX | Construction MaterialsConstruction Materials | Airlie Australian Share Fund - JHX.AX In November 2025, BlueScope and James Hardie were announced as (surprise) MSCI Australia index deletions. BlueScope fell 8%... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Pradipta Chakrabortty & Scott CrawshawHarding Loevner Emerging Markets Equity | Interactive Media & ServicesInteractive Media & Services | Harding Loevner Emerging Markets Equity - 0700.HK In March, China's Tencent launched the AI agent platform WorkBuddy to take advantage of this innovation. WorkBuddy has rapidly... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Mark L. YockeyArtisan International Fund | InsuranceInsurance | Artisan International Fund - 1299.HK Shares of AIA came under pressure after new Hong Kong rules increased scrutiny around mainland Chinese investors' use of Hong Kong accounts for offshore financial products. The concern is... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matt Kamm, Jason White, Jim Hamel, Angela Wu, Jay WarnerArtisan Mid Cap Fund | Aerospace & DefenseAerospace & Defense | Artisan Mid Cap Fund - LHX L3Harris, a global aerospace and defense company, is, in our view, well positioned to benefit from growing investment in next-generation missile defense, space sensing and national security programs. Recent results exceeded... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matt Kamm, Jason White, Jim Hamel, Angela Wu, Jay WarnerArtisan Mid Cap Fund | Air Freight & LogisticsAir Freight & Logistics | Artisan Mid Cap Fund - CHRW H. Robinson Worldwide is... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Bob SharpeVela International Fund | PharmaceuticalsPharmaceuticals | Vela International Fund - HIK.L Hikma Pharma (Health Care; HIK) was the fifth-best contributor in the quarter. Hikma is a... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Brown Advisors Mid Cap Growth strategy | Robinhood Markets Inc. $HOOD• NASDAQ | Investment Banking & BrokerageCapital Markets | Brown Advisors Mid Cap Growth strategy - HOOD Robinhood Markets Inc (HOOD) has evolved from the pioneer of commission-free stock trading into a diversified financial platform with more than 27 million funded accounts. The global brokerage... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Matthew BerryAoris International Fund | Hotels, Restaurants & LeisureHotels, Restaurants & Leisure | Aoris International Fund - IHG IHG is a brand owner and franchisor of global hotel chains, including Holiday Inn, InterContinental and Crowne Plaza. Hotel owners pay... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matthew BerryAoris International Fund | IT ServicesIT Services | Aoris International Fund - JKHY Jack Henry provides mission-critical software to American banks and credit unions, with 83% of US financial institutions using at least one of its products. Its revenue is... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matthew BerryAoris International Fund | Industrial ConglomeratesIndustrial Conglomerates | Aoris International Fund - HLMA.L Halma is a group of niche technology companies focused on safety, health and environmental applications, where its growth is supported by rising safety and environmental standards and regulations. AI has created... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matthew BerryAoris International Fund | Amphenol Corporation $APH• NYSE | Electronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components | Aoris International Fund - APH Amphenol is the leading global producer of interconnect devices, which transfer data and power in electrical systems, and sensors that convert physical signals to electrical data. Amphenol has been... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Vulcan Value Partners, LLCVulcan Value Partners - Focus | Health Care Providers & ServicesHealth Care Providers & Services | Vulcan Value Partners Focus - UNH UnitedHealth is the largest private health insurer in the country. We purchased UnitedHealth... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | C.T. FitzpatrickVulcan Value Partners - All Cap | Health Care Providers & ServicesHealth Care Providers & Services | Vulcan Value Partners All Cap - UNH UnitedHealth is the largest private health insurer in the country. We purchased UnitedHealth... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jeff KolitchBaron Real Estate Fund | -- | Baron Real Estate Fund - MTH During the quarter, we initiated a position in Meritage Homes Corporation, the fifth-largest homebuilder in the U.S., with operations across the West, Central, and East regions. In 2025, the... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Brent JacksonBaillie Gifford - US Equity Growth | Shopify Inc. $SHOP• NASDAQ | Application SoftwareSoftware | Baillie Gifford US Equity Growth - SHOP Shopify and Netflix were also among the detractors. In several cases,... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Aaron SallenMerion Road Capital | Industrial ConglomeratesIndustrial Conglomerates | Merion Road Capital - HON At quarter-end Honeywell completed the separation of its aerospace division. Trading in Honeywell... | 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.