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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 12, 2026 | Fund Letter | Alex UmanskyBaron Durable Advantage Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Software leader Microsoft Corporation contributed to performance with shares up 37.8%, recovering from their decline to start the year (shares are now up 7.4% year-to-date) driven by the broader recovery in software stocks during the quarter and buoyed by its strong quarterly results and the outlook management has provided. The company reported... | BULL | View Pitch → |
| Nov 10, 2026 | Fund Letter | Thomas Küpfer (CIO), Moritz Solèr (CEO)LLOYD Capital - Focused Equity Strategy | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft (1.9 pp) and ServiceNow (1.4 pp) were among the main contributors to performance as their shares rose 37.8% and 35.0% respectively. Earlier this year,... | BULL | View Pitch → |
| Nov 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corp.) Microsoft's share price increased 38% during the third quarter and 27% year-to-date from our average cost. The company is... | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Western & Southern Financial Group / Touchstone InvestmentsTouchstone Balanced Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corp.) Selection within Information Technology contributed most, including overweight positions in Microsoft Corp. (Information Technology sector), Meta Platforms Inc. (Communication Services sector), Salesforce Inc. (Information Technology sector) and Workday Inc. (Information Technology sector). | BULL | View Pitch → |
| Oct 30, 2026 | Fund Letter | Nancy Zevenbergen, Joseph Dennison, Anthony ZackeryZevenbergen Technology Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corp.) > Microsoft rallied after fiscal fourth quarter results topped expectations, recovering part of its year-to-date decline. Azure, its cloud... | BULL | View Pitch → |
| Oct 29, 2026 | Fund Letter | Hrishikesh GuptaSGA - Global Growth | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft was a top contributor during the quarter following a strong quarterly report that reinforced confidence in the company's cloud and AI growth opportunities. Azure returned to... | BULL | View Pitch → |
| Oct 29, 2026 | Fund Letter | Tucker BrownSGA - U.S. Large Cap Growth | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft was a top contributor during the quarter following a strong quarterly report that reinforced confidence in the company's cloud and AI growth opportunities. Azure returned to... | BULL | View Pitch → |
| Oct 29, 2026 | Fund Letter | Dr Ian Mortimer, CFAGuinness Global Innovators | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft was the Fund's second best-performing stock over the third quarter, with the majority of the outperformance coming in July following an exceptionally strong earnings release. Microsoft has one... | BULL | View Pitch → |
| Oct 14, 2026 | Fund Letter | David A. Rolfe, Michael X. Quigley, Christopher T. JersanWedgewood Partners | Hermès International $RMS.PA• EURONEXT | Textiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods | Long RMS.PA (Hermès International) Hermès shares underperformed as the market continued to price in potential headwinds from the Middle East conflict. Revenue grew 7%,... | BULL | View Pitch → |
| Oct 14, 2026 | Fund Letter | David A. Rolfe, Michael X. Quigley, Christopher T. JersanWedgewood Partners | Communications EquipmentCommunications Equipment | Long MSI (Motorola Solutions, Inc.) Motorola also contributed to our quarter's performance. Revenues grew 13%,... | BULL | View Pitch → | |
| Oct 14, 2026 | Fund Letter | David A. Rolfe, Michael X. Quigley, Christopher T. JersanWedgewood Partners | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft was a top contributor to third-quarter outperformance. The Company grew... | BULL | View Pitch → |
| Oct 13, 2026 | Fund Letter | David F. RidlandCastlebay Investments | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Short MSFT (Microsoft Corporation) It would be wrong to say AI has produced no revenue. Google Cloud grew... | BEAR | View Pitch → |
| Oct 13, 2026 | Fund Letter | David SteinthalL1 Capital International Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft has also been a core Fund holding for an extended period. While it is... | BULL | View Pitch → |
| Oct 13, 2026 | Fund Letter | Hamish ChamberlayneJanus Henderson Global Sustainable Equity Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft reported a revenue increase of 18% to $90 billion. Azure growth reported... | BULL | View Pitch → |
| Oct 12, 2026 | Fund Letter | Emerald Wealth Partners Focused Equity Strategy | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft (1.9 pp) and ServiceNow (1.4 pp) were among the main contributors to performance as their shares rose 37.8% and 35.0% respectively. Earlier this year,... | BULL | View Pitch → |
| Oct 8, 2026 | Fund Letter | Jay WinthropDouglass Winthrop | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) We believe our portfolios are prudently exposed to the explosion in the use of AI. We own significant... | BULL | View Pitch → |
| Oct 7, 2026 | Fund Letter | Silas Myers and Brian MasseyMar Vista U.S. Quality Premier | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft (MSFT) shares advanced during the quarter as Azure revenue growth accelerated and Microsoft 365 Copilot continued to deliver positive adoption trends. Management guided to... | BULL | View Pitch → |
| Oct 7, 2026 | Fund Letter | Silas Myers, Brian MasseyMar Vista US Quality | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft (MSFT) shares advanced during the quarter as Azure revenue growth accelerated and Microsoft 365 Copilot continued to deliver positive adoption trends. Management guided to... | BULL | View Pitch → |
| Oct 5, 2026 | Fund Letter | Paul CerroCedar Grove Capital Management | Hims & Hers Health, Inc. $HIMS• NASDAQ | PharmaceuticalsPharmaceuticals | Long HIMS (Hims & Hers Health, Inc.) Lastly, we have a long history with HIMS both on the long side and the short. More recently, we... | BULL | View Pitch → |
| Oct 5, 2026 | Fund Letter | Brent JacksonOrbis Global Equity Fund | Communications EquipmentCommunications Equipment | Long MSI (Motorola Solutions, Inc.) Motorola Solutions, one of the largest holdings in the Global Equity Strategy, is a good illustration. In 1973, Martin... | BULL | View Pitch → | |
| Sep 30, 2026 | Fund Letter | Delaware Management Company (now part of Nomura Asset Management)Nomura Large Cap Growth Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corp.) Our positions in Microsoft Corp. and Veeva Systems Inc., and not owning Tesla Inc., were the greatest individual contributors. Microsoft was up... | BULL | View Pitch → |
| Sep 30, 2026 | Fund Letter | BDL Capital | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Short MSFT (Microsoft Corporation) It has been less than four years since ChatGPT was unveiled to the public, yet it feels like an eternity when you look at the shift in financial dynamics at the five major “hyperscalers” (Microsoft, Alphabet, Amazon, Meta, Oracle). The chart below... | BEAR | View Pitch → |
| Sep 30, 2026 | Fund Letter | BDL Capital | IT Consulting & Other ServicesIT Services | Long AMS.MC (Amadeus IT Group S.A.) Amadeus (3% of the long book) is a good example to illustrate our approach. This Spanish company... | BULL | View Pitch → | |
| Sep 22, 2026 | Fund Letter | Andrew D.W. HillAndrew Hill Investment Advisors, Inc. | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft delivered a strong rebound during the quarter as investor sentiment toward software companies improved and the market increasingly recognized the durability of the company's growth profile. The company remains... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Jonathan I. BoyarBoyar Value Group | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Boyar Value Group - MSFT We wrote last quarter that Microsoft, priced at its lowest level relative to the market since 2018, was becoming increasingly attractive for patient investors. The stock promptly... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Paul CerroCedar Grove Capital Management | Hims & Hers Health, Inc. $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 | David A. Rolfe, Michael X. Quigley, Christopher T. JersanWedgewood Partners | Hermès International $RMS.PA• EURONEXT | Textiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods | Wedgewood Partners - RMS.PA We recently initiated positions in Hermès International, one of the world's leading designers, manufacturers, and retailers of ultra-luxury leather goods, apparel, and accessories. Hermès began in... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | David SteinthalL1 Capital International Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | L1 Capital International Fund - MSFT Particularly attentive long-term followers of the Fund may have noticed that Microsoft is no longer among the top 10 holdings. We have rebalanced... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | John W. RogersAriel Appreciation Fund | Movies & EntertainmentEntertainment | Ariel Appreciation Fund - MSGE Shares of Madison Square Garden Entertainment (MSGE) advanced following better-than-expected results, fueled by continued strength in concerts and solid growth in sponsorship and advertising. Earnings exceeded expectations,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | John W. Rogers, Jr.Ariel Fund | Movies & EntertainmentEntertainment | Ariel Fund - MSGE Shares of Madison Square Garden Entertainment (MSGE) advanced following better-than-expected results, fueled by continued strength in concerts and solid growth in sponsorship and advertising. Earnings exceeded expectations,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | The Ironvine Investment TeamIronvine Capital Partners | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Ironvine Capital Partners - MSFT Microsoft and Meta Platforms, the owner of Facebook and Instagram, have been particularly punished. We've admired the... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Matt TopleyLansing Street Advisors | Application SoftwareSoftware | Lansing Street Advisors - MSTR ' In it, we referenced Michael Saylor's speech on how a dentist could become a Bitcoin millionaire. Since that day,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matthew BerryAoris International Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Aoris International Fund - MSFT Microsoft is the world's largest enterprise and consumer software company. Its Azure cloud,... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | David SteinthalPlatinum International Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Platinum International Fund - MSFT Microsoft is no longer among our top 10 holdings. We have rebalanced... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Matthew Fine, CFA and Jason Wolf, CFAThird Avenue Small Cap Value Fund | Maximus, Inc. $MMS• NYSE | Diversified Support ServicesCommercial Services & Supplies | Third Avenue Small Cap Value Fund - MMS Maximus, Inc., headquartered in McLean Virginia, has over its fifty-year history grown to be one of the twenty largest government contractors, either public or private. This technology-forward consultant... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Alan BreedEdgewood Management | Investment Banking & BrokerageCapital Markets | Edgewood Management - MSCI MSCI showed 14% year-over-year EPS growth in the most recent quarter. Portfolio weighting is... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Buyside Damon FicklinPolen Capital - Global Growth | Hermès International $RMS.PA• EURONEXT | Textiles, Apparel & Luxury GoodsTextiles, Apparel & Luxury Goods | Polen Capital Global Growth - RMS.PA We initiated a new position in Hermès, one of the world's highest-quality luxury goods companies. Hermès has spent... | BULL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Wolf of Harcourt StreetThe Wolf of Harcourt Street | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | The Wolf of Harcourt Street - MSFT I increased my position in MSFT as the stock continued to trade below $400. Current sentiment reminds... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | John HemptonBronte Capital Amalthea Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Bronte Capital Amalthea Fund - MSFT For years we have lived in a market dominated by the Magnificent Seven: Google, Apple, Amazon, Facebook/Meta, Microsoft, Nvidia and Tesla. That era appears... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Randy GwirtzmanBaron Discovery Fund | Building ProductsBuilding Products | Baron Discovery Fund - WMS During the quarter, we reinitiated a position in Advanced Drainage Systems, Inc. (ADS), the leading U.S. manufacturer of stormwater and onsite wastewater management products. The company offers... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ravenel B. Curry IIIEagle Capital Management | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Eagle Capital Management - MSFT Microsoft has formidable scale and distribution advantages. It should be... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | David EborallSaltlight Capital | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Saltlight Capital - MSFT Microsoft (incumbent Exhibit A), meanwhile, owned what may be the finest software distribution channel ever constructed - the desktop itself. Bill Gates recognised... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Howard GleicherAristotle Value Equity Fund | Communications EquipmentCommunications Equipment | Aristotle Value Equity Fund - MSI Motorola Solutions (Motorola), the provider of mission-critical communications and security systems, was one of the largest detractors during the quarter. Shares declined as... | BEAR | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Dave WatersAlluvial Capital Management | Oil & Gas Equipment & ServicesEnergy Equipment & Services | Alluvial Capital Management - GMS.L First the Iran War was over, then it wasn't. Gulf Marine Services'... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | William A. AckmanPershing Square Holdings | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Pershing Square Holdings - MSFT Microsoft's share price decreased 8% year-to-date as of June 30, 2026 from our average cost. The company's share... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Josh SaltmanBaron FinTech Fund | Morgan Stanley $MS• NYSE | Investment Banking & BrokerageCapital Markets | Baron FinTech Fund - MS Morgan Stanley, a leading global investment bank and wealth manager, contributed to performance on strong execution across the franchise. First quarter results... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Daniel OliverMyrmikan Research | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Myrmikan Research - MSFT Microsoft (market cap $3 trillion) reports $627 billion in back orders, half of which is just from OpenAI. The company has... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Kyle TushausNew West Capital | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | New West Capital - MSFT Microsoft is among the archetypal builders, and its returns on capital have compressed. Microsoft's invested capital... | NEUTRAL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Harvey SaxAlpha Wealth Funds - The Insiders Fund | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corp) Business: At 19.4%, represents our largest position. We also own... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Silas Myers, Brian MasseyMar Vista US Quality | Microsoft Corporation $MSFT• NASDAQ | Application SoftwareSoftware | Long MSFT (Microsoft Corporation) Microsoft (MSFT) reported strong bookings, highlighted by an accelerating remaining performance obligation of nearly $300 billion, representing 36% year-over-year growth, as well as healthy cloud revenue growth of 21% year-over-year. Despite this solid... | 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.