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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 2, 2026 | Fund Letter | Haruki Toyama, Andy Romanowich, Rich EisingerMadison Mid Cap Fund | Telecommunication ServicesTelecommunication Services | Madison Mid Cap Fund - LBRDK We sold shares in Liberty Broadband (LBRDK), which derives nearly all its value from its ownership position in Charter Communications. A more mature... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | John W. RogersAriel Appreciation Fund | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Appreciation Fund - CLB By comparison, oil services company Core Laboratories (CLB) declined over the quarter as geopolitical tensions, weather disruptions, and softer U.S. land drilling activity impacted performance. These factors weighed... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | John W. Rogers, Jr.Ariel Fund | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Fund - CLB By comparison, oil services company Core Laboratories (CLB) declined over the quarter as geopolitical tensions, weather disruptions and softer U.S. land drilling activity impacted performance. These factors weighed... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ariel Investments, LLCAriel Small Cap Value Strategy | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Small Cap Value Strategy - CLB Conversely, oil services company Core Laboratories (CLB) declined over the quarter as geopolitical tensions, weather disruptions and softer U.S. land drilling activity impacted performance. These factors weighed... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Hawkins EntrekinWarden Capital | Application SoftwareSoftware | Warden Capital - GTLB Qure is not our biggest position right now, that honor goes to Gitlab, which has done quite well since we bought earlier this year. Gitlab crashed significantly... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | Telecommunication ServicesTelecommunication Services | Alluvium Global Fund - LBRDK Charter Communications and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Richard Beaven, Colin KellySignia Capital Management | Liberty Energy Inc $LBRT• NASDAQ | Energy Equipment & ServicesEnergy Equipment & Services | Signia Capital Management - LBRT Liberty Energy (LBRT), a provider of fracturing, wireline, and power services, also advanced to our internal price target during the first half of 2026. As discussed in... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Aristotle_Saul Global Equity Fund | Dolby Laboratories $DLB• NYSE | Diversified Support ServicesCommercial Services & Supplies | Aristotle Saul Global Equity Fund - DLB We first invested in Dolby Laboratories (Dolby), the creator and licensor of audio and imaging technologies, in the first quarter of 2022. We were attracted... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Christopher E. HillaryProsper Stars & Stripes | Dolby Laboratories $DLB• NYSE | Diversified Support ServicesCommercial Services & Supplies | Prosper Stars & Stripes - DLB One theme that has had success is the ongoing pressure caused by the investment boom in AI crowding out spending in other areas. We have shorted... | NEUTRAL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Pratyush RastogiFarrer 36 Asset Management | Global-e Online Ltd. $GLBE• NASDAQ | Broadline RetailBroadline Retail | Long GLBE (Global-e Online Ltd.) Global-e acts as a leading cross-border e-commerce logistics platform that manages international complexities like taxes, delivery, and returns for major brands. The manager expects... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Daniel ShvartsmanMiddle Coast Investing LLC | Application SoftwareSoftware | Long GTLB (GitLab Inc.) Gitlab has experienced a substantial sell-off driven by market concerns that generative AI will make its software development coordination platform obsolete. However, AI adoption... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | Liberty Capital Corp $LBRDA• NASDAQ | Telecommunication ServicesTelecommunication Services | Long LBRDA (Liberty Broadband Corporation) The stock's performance this quarter reflected a narrowing of its discount relative to the agreed acquisition by Charter Communications. Although minor operational... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Marc-Lennart BraeutigamHertford Capital | Sidetrade SA $ALBGD.PA• EURONEXT | -- | Long ALBGD.PA (Sidetrade SA) Sidetrade enjoys a robust first-mover advantage and defensible moat due to its long-term investment in domain-specific AI models and massive proprietary data lake. The launch of... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Spyglass Capital | Global-e Online Ltd. $GLBE• NASDAQ | Broadline RetailBroadline Retail | Long GLBE (Global-e Online Ltd.) Global-e's shares underperformed because of slightly softer forward guidance and investor anxiety regarding Shopify integration updates and global tariffs. However, the manager... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Christian RytherCurreen Capital | -- | Long NILB.ST (Nilörn Group) Nilörn is a specialized designer of high-quality branding labels and tags for European fashion houses. The business achieves... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Cassandra A. HardmanHardman Johnston Global Equity | Schlumberger $SLB• NYSE | Energy Equipment & ServicesEnergy Equipment & Services | Long SLB (Schlumberger) We initiated a position in SLB, the largest global oil services provider, a name with which we are familiar. The company is... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Cassandra A. HardmanHardman Johnston Global Equity | Commodity ChemicalsChemicals | Long ALB (Albemarle Corporation) We established a new position in ALB, a global leader in lithium with Tier 1, low-cost assets, in particular in the Chilean salar and Western Australia. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | John W. RogersAriel Appreciation Fund | Schlumberger $SLB• NYSE | Energy Equipment & ServicesEnergy Equipment & Services | Long SLB (Schlumberger NV) Schlumberger was purchased during a period of weak oil prices and transition concerns, offering an attractive entry point. The company's massive... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Wally Weitz, CFA® & Drew WeitzWeitz Partners III Opportunity Fund | Liberty Capital Corp $LBRDA• NASDAQ | Telecommunication ServicesTelecommunication Services | Long LBRDA (Liberty Broadband Corp.) Liberty Broadband fell due to uncertainty surrounding Charter Communications' subscriber retention following the end of the Affordable Connectivity Program. The fund expects... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Wally Weitz, CFA® & Drew WeitzWeitz Partners III Opportunity Fund | Liberty Capital Corp $LBRDA• NASDAQ | Telecommunication ServicesTelecommunication Services | Long LBRDA (Liberty Broadband Corp.) Liberty Broadband fell due to short-term market anxiety over Charter's broadband subscriber growth competitive pressure. The fund added... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Christian RytherCurreen Capital | -- | Long NILB.ST (Nilörn Group AB) The European apparel labeling and tagging company benefits from a strong design focus and just-in-time delivery. It historically generates... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Spyglass Capital | Global-e Online Ltd. $GLBE• NASDAQ | Broadline RetailBroadline Retail | Long GLBE (Global-e Online Ltd.) The e-commerce platform reported excellent quarterly results featuring strong GMV, revenue, and adjusted EBITDA growth. Growth has been... | BULL | View Pitch → |
| Aug 20, 2026 | Other | RGA Investment Advisors | Application SoftwareSoftware | RGA Investment Advisors – GTLB We bought shares in GitLab. GitLab is a... | BULL | View Pitch → | |
| Aug 16, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | PLUMAS BANCORP $PLBC• NASDAQ | -- | Plumas Bancorp Plumas Bancorp has shown strong financial performance, with earnings and revenue exceeding expectations in Q2 2026. The bank has... | NEUTRAL | View Pitch → |
| Aug 12, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Rocket Lab USA Inc. $RKLB• NASDAQ | Aerospace & DefenseAerospace & Defense | Rocket Lab Corporation Rocket Lab Corporation reported a strong second fiscal quarter with a 62% year-over-year revenue growth, driven primarily by its Space Systems segment. Despite this,... | BEAR | View Pitch → |
| Aug 5, 2026 | Substack | toffcapmondaymonitorSubstack (toffcapmondaymonitor) | Liberty Global $LBTYA• NASDAQ | Diversified Telecommunication ServicesTelecommunication Services | KEDM Lite Vol. 23Liberty Global – LBTYA Liberty Global has completed the buyout of Vodafone's 50% stake in VodafoneZiggo, forming Ziggo Group, a significant telecom entity in the Benelux region. The compan... | NEUTRAL | View Pitch → |
| Jul 1, 2026 | Fund Letter | Southeastern Asset Management, Inc.Longleaf Partners Small-Cap Fund | Liberty Capital Corp $LBRDA• NASDAQ | Telecommunication ServicesTelecommunication Services | Long LBRDA (Liberty Capital Corp) Liberty Capital Corp ($LBRDA), formerly GCI Liberty, is the leading telecommunications and broadband provider in Alaska, representing 6.7% of the fund. The manager maintains... | BULL | View Pitch → |
| Jun 30, 2026 | Fund Letter | Catherine D. WoodARK Invest | Rocket Lab USA Inc. $RKLB• NASDAQ | Aerospace & DefenseAerospace & Defense | Long RKLB (Rocket Lab USA Inc.) Rocket Lab USA provides end-to-end aerospace solutions, including small-to-medium orbital launch services, spacecraft engineering, satellite manufacturing, and satellite subsystems. The manager maintains... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | Andrew MackenMontaka Global Investments | Commodity ChemicalsChemicals | Montaka Global Investments 2025 Q4 (ALB) Our interest in Albemarle stems from our analysis of the global lithium market and the high probability we see for an impending supply shortage. Over the last... | BULL | View Pitch → | |
| Feb 3, 2026 | Fund Letter | Jonathan Edwards, Jonathan MuellerInvesco Small Cap Value Fund | Application SoftwareSoftware | Invesco Small Cap Value Fund 2025 Q4 (GTLB) Chart Industries was sold during the quarter. A global leader... | BULL | View Pitch → | |
| Jan 28, 2026 | Fund Letter | Tony ConiarisHarris Associates Concentrated Strategy | Telecommunication ServicesTelecommunication Services | Harris Associates Concentrated Strategy 2025 Q4 (LBRDK) Liberty Broadband was a detractor during the quarter. The U.S.-headquartered cable... | BULL | View Pitch → | |
| Jan 28, 2026 | Fund Letter | Murray StahlHorizon Kinetics | Energy Equipment & ServicesEnergy Equipment & Services | Horizon Kinetics 2025 Q4 (LB) LandBridge assembled over 275,000 acres in the western Delaware Basin portion of the Permian Basin, making it one of the largest landowners in the region. One of its... | BULL | View Pitch → | |
| Jan 24, 2026 | Fund Letter | Tim EriksenCedar Creek Partners | Skyline Bankshares $SLBK• NASDAQ | BanksBanks | Cedar Creek Partners 2025 Q4 (SLBK) Community Banks We noted in our last letter that the fund has been building up a basket of what it sees as attractively priced community banks. At year end,... | BULL | View Pitch → |
| Jan 23, 2026 | Fund Letter | Faraz Farzam, Aaron GarciaMadison Small Cap Fund | Application SoftwareSoftware | Madison Small Cap Fund 2025 Q4 (GTLB) We initiated a position in GitLab, a DevSecOps platform that enables developers to plan, build, deploy and monitor software securely. GitLab operates in... | BULL | View Pitch → | |
| Jan 20, 2026 | Fund Letter | Hardman Johnston Global Advisors LLCHardman Johnston Large Cap Equity | Commodity ChemicalsChemicals | Hardman Johnston Large Cap Equity 2025 Q4 (ALB) Albemarle is benefiting from a surge in lithium prices thanks to near-term production disruptions at some competitors, an improving outlook for global EV penetration, and investment in batteries as energy storage platforms for alternative energy supplies. BSD Analysis: Albemarle... | BULL | View Pitch → | |
| Jan 20, 2026 | Fund Letter | John W. Rogers, Jr.Ariel Fund | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Fund 2025 Q4 (CLB) Oil services company, Core Laboratories (CLB) also traded higher after reporting another quarter of sequential revenue growth, propelled by strong global demand for its proprietary services and products. Operating income, margins... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Tyler Hardt, CFAPelican Bay Capital Management | Schlumberger $SLB• NYSE | Energy Equipment & ServicesEnergy Equipment & Services | Pelican Bay Capital Management 2025 Q2 (SLB) Schlumberger (SLB) was our worst performer, falling 18%. We increased our... | BULL | View Pitch → |
| Jan 8, 2026 | Fund Letter | Tim LiuMeditation Capital | Application SoftwareSoftware | Meditation Capital 2025 Q2 (GTLB) The strategic position of GitLab for example (to an acquirer or standalone) seems in fact to be steadily increasing, as more code is created in tools like Cursor and Claude Code, which will then need to be managed, deployed, and secured via a DevOps platform like GitLab (which has only one relevant competitor, GitHub, already owned by Microsoft). Once an organization's... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Travis CockeVoss Value Fund | Cellebrite $CLBT• NASDAQ | Application SoftwareSoftware | Voss Value Fund 2025 Q2 (CLBT) Cellebrite (CLBT), the leading provider of digital forensics software used by law enforcement and government agencies worldwide, reported results that were about as constructive as we could have hoped for given the stock's 50% drop earlier in the year. Management cut revenue... | BULL | View Pitch → |
| Jan 8, 2026 | Fund Letter | Michael Clarke, Thomas TrentmanSands Capital Technology Innovators Fund | Global-e Online Ltd. $GLBE• NASDAQ | Broadline RetailBroadline Retail | Sands Capital Technology Innovators Fund 2025 Q2 (GLBE) We sold Global-e due to cybersecurity and execution concerns that may derail the business' ability to sustain the strong growth we expected. In recent months,... | BULL | View Pitch → |
| Dec 6, 2025 | Fund Letter | Cellebrite $CLBT• NASDAQ | Application SoftwareSoftware | Greenhaven Road Capital 2025 Q2 (CLBT) Cellebrite has been our worst performing holding YTD. Investors are concerned... | BULL | View Pitch → | |
| Dec 6, 2025 | Fund Letter | First Eagle Investment Management, LLCFirst Eagle Global Fund | Schlumberger $SLB• NYSE | Energy Equipment & ServicesEnergy Equipment & Services | First Eagle Global Fund 2025 Q2 (SLB) SLB is the world's largest oilfield service company. In addition to... | BULL | View Pitch → |
| Dec 4, 2025 | Fund Letter | Eric Mintz, Christopher Sassouni, David CavanaughCarillon Eagle Small Cap Growth Fund | Cellebrite $CLBT• NASDAQ | Application SoftwareSoftware | Carillon Eagle Small Cap Growth Fund 2025 Q2 (CLBT) Cellebrite, which provides software to help law enforcement investigators extract and analyze data from smartphones, provided an outlook that was below expectations, as there were delays in closing deals with government customers, both in the United States and abroad. Despite the temporary... | BULL | View Pitch → |
| Dec 3, 2025 | Fund Letter | John W. Rogers, Jr.Ariel Fund | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Fund 2025 Q2 (CLB) Core Laboratories, Inc. (CLB) traded lower during the quarter amid investor concerns about the trajectory of global upstream spending and the durability of international and offshore activity. We believe the... | BULL | View Pitch → | |
| Dec 3, 2025 | Fund Letter | Ariel Investments, LLCAriel Focus Fund | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Focus Fund 2025 Q2 (CLB) Last, oil services company, Core Laboratories, Inc. (CLB) declined in the quarter on mixed earnings results. Although increased demand... | BULL | View Pitch → | |
| Dec 3, 2025 | Fund Letter | John W. RogersAriel Appreciation Fund | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Appreciation Fund 2025 Q2 (CLB) Alternatively, oil services company, Core Laboratories, Inc. (CLB) detracted from relative results during the quarter amid weak demand from certain international markets and delays in large scale projects. Increased demand for... | BULL | View Pitch → | |
| Dec 3, 2025 | Fund Letter | Ariel Investments, LLCAriel Small Cap Value Strategy | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Small Cap Value Strategy 2025 Q2 (CLB) In contrast, oil services company, Core Laboratories, Inc. (CLB) declined in the quarter as challenges across both segments pressured results. Although increased demand... | BULL | View Pitch → | |
| Dec 3, 2025 | Fund Letter | Stuart Pearce, Alexis DelloyeAlluvium Global Fund | Liberty Capital Corp $LBRDA• NASDAQ | Telecommunication ServicesTelecommunication Services | Alluvium Global Fund 2025 Q2 (LBRDA) We have discussed in prior reports that Liberty Broadband (up 15.1%) trades at a discount to its implied price under the agreed deal with Charter Communications (up 10.9%). We didn't expect... | BULL | View Pitch → |
| Nov 28, 2025 | Fund Letter | ArrowMark Colorado Holdings LLCMeridian Hedged Equity Fund | Telecommunication ServicesTelecommunication Services | Meridian Hedged Equity Fund 2025 Q3 (LBRDK) Liberty Broadband Corp. is a holding company with a 26% ownership stake in cable operator Charter Communications and full ownership of GCI, a broadband and wireless provider in Alaska. The investment case... | BULL | View Pitch → | |
| Nov 28, 2025 | Fund Letter | Ariel Investments, LLCAriel Focus Fund | Schlumberger $SLB• NYSE | Energy Equipment & ServicesEnergy Equipment & Services | Ariel Focus Fund 2025 Q3 (SLB) Schlumberger Limited (SLB) traded lower during the quarter, pressured by a challenging macroeconomic environment. OPEC+ supply increases... | 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.