Loading investment pitches...
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 15, 2026 | Fund Letter | Ariel Investments, LLCAriel Global Fund | Air Freight & LogisticsAir Freight & Logistics | Long UPS (United Parcel Service, Inc.) We bought United Parcel Service, Inc. (UPS), the global parcel delivery leader, after a prolonged period of underperformance left the shares trading at a historically wide discount to peers. Over the past... | BULL | View Pitch → | |
| Oct 15, 2026 | Fund Letter | Matthew FineThird Avenue Value Fund | Persimmon plc $PSN.L• LSE | -- | Long PSN.L (Persimmon plc) During the quarter ending September 30, 2026, the Fund initiated a new position in Persimmon plc... Persimmon plc (“Persimmon”)... | BULL | View Pitch → |
| Oct 13, 2026 | Fund Letter | Adam SchwartzBlack Bear Value Partners | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Long PSK.TO (PrairieSky Royalty Ltd.) PSK.TO appreciated approximately 6% during the third quarter and was up roughly 28% year to date, including dividends. PrairieSky is a... | BULL | View Pitch → | |
| Sep 28, 2026 | Fund Letter | Diego B. MilanoQuercus Fund Ltd. | -- | Long MER.PS (Manila Electric Company) One of the companies it controls is Meralco, the largest utility company in the Philippines. A long time... | BULL | View Pitch → | |
| Sep 28, 2026 | Fund Letter | Diego B. MilanoQuercus Fund Ltd. | -- | Long LPZ.PS (Lopez Holdings Corporation) Lopez Inc controls Lopez Holdings (LPZ) which controls FPH which controls Firstgen which controls EDC. FirstGen mainly owns... | BULL | View Pitch → | |
| Sep 28, 2026 | Fund Letter | Diego B. MilanoQuercus Fund Ltd. | -- | Long FPH.PS (First Philippine Holdings Corporation) First Philippine Holdings and Lopez Holdings If a random question is given about an economic ranking - let's say, geothermal energy production -, the most likely answer for the top of the ranking would be China and USA. But few people... | BULL | View Pitch → | |
| Sep 8, 2026 | Fund Letter | Scott KlarquistSeven Corners Capital Management, LLC | -- | Long PSHZF (Pershing Square Holdings, Ltd.) PSHZF, led by billionaire hedge fund manager Bill Ackman, finished 1H 2026 down 24% (including dividends), underperforming a 13% decrease in its NAV (thus, PSH's discount to NAV increased to 34%): • I have belatedly modified the long thesis to dispense with any closing of the sizable NAV discount over the short to intermediate term (although it may fluctuate between 15%-35%, which would imply that it currently stands at the lower end of the historical range). For whatever reason(s),... | 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 | Brad HathawayFar View Capital Management | -- | Far View Capital Management - UPSALE.ST During Q2 2026, Far View established a new position in Upsales Technology AB (UPSALE), a Swedish provider of CRM software for small and mid-sized B2B companies, primarily in the Nordics. In early April,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | IndustrialsIndustrials | Wasatch Frontier Emerging Small Countries Strategy - ICT.PS The strongest contributor to strategy performance for the quarter was International Container Terminal Services, Inc. Based in the Philippines, International Container operates shipping terminals throughout the world under long-term concessions granted by port authorities and governments. The company has... | BULL | View Pitch → | ||
| Sep 2, 2026 | Fund Letter | John Whelan and Kevin BertoliPM Capital Australian Companies Fund | -- | PM Capital Australian Companies Fund - CAPS.TO Capstone Copper contributed positively to performance after shares rose almost 30% over the period. Regular readers of... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ken Squire13D Activist Fund | Application SoftwareSoftware | 13D Activist Fund - SNPS Synopsys provides electronic design automation (EDA) software used to design semiconductor chips. This software is... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Tim McElvaineMcElvaine Value Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | McElvaine Value Fund - PSK.TO Owns fee simple mineral title across a large area of Western Canada and collects a royalty when third parties drill on its land. No capital expenditure,... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Damian Bird | Air Freight & LogisticsAir Freight & Logistics | Long INPST.AS (InPost S.A.) InPost is a Polish logistics company that pioneered the operation of Automated Parcel Machines (APMs) for e-commerce platforms. These machines offer... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Anthony BaillyRothschild & Co LongRun Equity Fund | Application SoftwareSoftware | Long SNPS (Synopsys, Inc.) Our second new investment during the quarter was Synopsys, a company we know well through our extensive industry research, particularly our long-standing work on Cadence. Both firms are... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Spyglass Capital | -- | Long FPS (Forgent Power Solutions, Inc.) Forgent Power Solutions, Inc. (FPS), a manufacturer of mission-critical electrical equipment, was a new position during the second quarter. Forgent designs and... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Alan BreedEdgewood Management | Application SoftwareSoftware | Long SNPS (Synopsys Inc.) Business Description: Leading provider of semiconductor design automation software and IP, enabling chip design, verification, and secure software development across AI, automotive, and hyperscaler markets. Thesis: Mission-critical supplier... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | IndustrialsIndustrials | Long ICT.PS (International Container Terminal Services, Inc.) The strongest contributor to strategy performance for the quarter was International Container Terminal Services, Inc. Based in the Philippines, International Container operates shipping terminals throughout the world under long-term concessions granted by port authorities and governments. The company has... | BULL | View Pitch → | ||
| Aug 21, 2026 | Fund Letter | Jake BarfieldAsheville Capital Management | Air Freight & LogisticsAir Freight & Logistics | Long INPST.AS (InPost S.A.) We've owned InPost shares for two years, with an initial cost basis of €9.50. Shares are up... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Ariel Investments, LLCAriel International Fund | IndustrialsIndustrials | Long BMPS.MI (Banca Monte dei Paschi di Siena SpA) New holding, Italian bank, Banca Monte dei Paschi also increased following a quarterly earnings beat and subsequent raise in full year guidance. The Italian government... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Scott KlarquistSeven Corners Capital Management, LLC | -- | Long PSHZF (Pershing Square Holdings) PSHZF, led by billionaire hedge fund manager Bill Ackman, finished the 2023 up 36%, outpacing a 27% increase in its NAV (thus, PSH's discount to NAV decreased to 29%): The long thesis continues to be two-fold: (1) a bet that Bill Ackman will outperform the overall market with his stock picking and uncanny ability to make huge sums via hedging; and (2) more importantly over the near to intermediate term, the closing of the sizable NAV discount. Simply closing the... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Andrew Y. Kurita, CFAHeptagon Kettle Hill US L/S Equity Fund | Parsons Corporation $PSN• NYSE | IT ServicesIT Services | Long PSN (Parsons Corp.) Parsons Corp. provides mission-critical defense and infrastructure technology to governments and private infrastructure owners. Our investment in... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Scott KlarquistSeven Corners Capital Management, LLC | -- | Long PSHZF (Pershing Square Holdings) PSHZF, led by billionaire hedge fund manager Bill Ackman, finished the 2024 up 5.4% (including dividends), underperforming a 9% increase in its NAV (thus, PSH's discount to NAV increased to 32%): The long thesis continues to be two-fold: (1) a bet that Bill Ackman will outperform the overall market with his stock picking and uncanny ability to make huge sums via hedging; and (2) more importantly over the near to intermediate term, the closing of the sizable NAV discount. Simply closing the... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Ross & Van Compernolle | IndustrialsIndustrials | Long DNL.PS (D&L Industries Inc) As the Philippines was the last country out of full lockdowns in 2022, the earnings for listed companies there are likely to be incredibly positive in 2023. As a result... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Ross & Van Compernolle | IndustrialsIndustrials | Long GTCAP.PS (GT Capital Holdings Inc) As the Philippines was the last country out of full lockdowns in 2022, the earnings for listed companies there are likely to be incredibly positive in 2023. As a result... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Andrew JakubowskiAdestella Investment Management | Industrial Machinery & Supplies & ComponentsMachinery | Adestella Investment Management - PSIX Power Solutions manufactures engines across a variety of fuel types and displacement levels. The company experienced... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Jayme WigginsPalm Valley Capital Management | -- | Long CNVRG.PS (Converge ICT Solutions, Inc.) Converge (-19.2% -40 bps), the Philippines-based telecommunications company specializing in high-speed fiber-optic broadband internet, which we introduced in our fourth quarter 2025 letter. Converge ICT reported... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Kayode O. Aje | -- | Long IPSEY (Ipsen SA) Ipsen, a French specialty pharmaceutical company that we have owned since 2018, focuses on the therapeutic areas of oncology, neuroscience and rare disease. We like Ipsen's... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Adam SchwartzBlack Bear Value Partners | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Black Bear Value Partners - PSK.TO PSK,TO declined approximately 1% during the second quarter and is up roughly 20% year-to-date, including dividends. PrairieSky is a... | BULL | View Pitch → | |
| Aug 20, 2026 | Other | RGA Investment Advisors | -- | RGA Investment Advisors – MIPS.ST You might recognize Mips as the little yellow dot on your ski/snowboard or bike helmet. The company has... | BULL | View Pitch → | |
| Aug 19, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Application SoftwareSoftware | Paysafe Limited Paysafe Limited has faced significant challenges, including a 64% decline in value due to operational issues and a substantial debt load. However, there is... | NEUTRAL | View Pitch → | |
| Aug 18, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Nippon Steel Corporation $NPSCY• NASDAQ | -- | Nippon Steel Corporation Nippon Steel Corporation is positioned for significant growth due to its strategic expansion into the U.S. market, which has become a primary earnings driver. The company's recent... | BULL | View Pitch → |
| Aug 18, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Pershing Square Inc. $PS• NYSE | -- | Pershing Square Inc. Pershing Square Inc. was added to Baupost Group's portfolio following its IPO in April, with shares initially trading at ~$25 and currently priced at $39.38. The small 0.24%... | BULL | View Pitch → |
| Aug 18, 2026 | Fund Letter | Jason GilbertRGA Investment Advisors LLC | -- | Long MIPS.ST (MIPS AB) You might recognize Mips as the little yellow dot on your ski/snowboard or bike helmet. The company has... | BULL | View Pitch → | |
| Aug 9, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Public Storage $PSA• NYSE | Equity Real Estate Investment Trusts (REITs)Equity Real Estate Investment Trusts (REITs) | Public Storage Public Storage has demonstrated robust financial performance with a strong FFO and a well-covered preferred dividend. The recent acquisition... | BULL | View Pitch → |
| Aug 6, 2026 | Fund Letter | Adam SchwartzBlack Bear Value Partners | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Black Bear Value Partners – PSK.TO PSK,TO declined approximately 1% during the second quarter and is up roughly 20% year-to-date, including dividends. PrairieSky is a... | BULL | View Pitch → | |
| Aug 1, 2026 | Fund Letter | Cooper Investors Pty LimitedCooper Investors Global Equities Fund (Unhedged) | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Cooper Investors Global Equities Fund (Unhedged) – PSK.TO Real Assets were the strongest performing capital pool for the year. This was primarily... | BULL | View Pitch → | |
| Jul 31, 2026 | Other | Polen Capital - International Growth | Air Freight & LogisticsAir Freight & Logistics | Polen Capital – International Growth – INPST.AS We exited our position in InPost during the quarter as the date on which it will be acquired and delisted approaches. InPost remains one... | BULL | View Pitch → | |
| Jul 1, 2026 | Fund Letter | Murray StahlHorizon Kinetics | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Long PSK.TO (PrairieSky Royalty Ltd.) PrairieSky, the subject of one of the roundtable topic questions, is a land and royalty company that has done just that. In the 12... | BULL | View Pitch → | |
| May 28, 2026 | Substack | Shareholders Unite | Application SoftwareSoftware | A Primer on Digital Turbine Digital Turbine is emerging from a severe downturn caused by an expensive, debt-fueled acquisition spree. Following its Q4/2026... | BULL | View Pitch → | |
| Feb 25, 2026 | Fund Letter | Dr. Hendrik LeberACATIS Investment | Application SoftwareSoftware | ACATIS Investment 2025 Q3 (SNPS) Last year, Synopsis announced the takeover of its smaller competitor Ansys and offered Ansys shareholders one partial payment in shares and one partial payment in cash. We used an... | BULL | View Pitch → | |
| Feb 25, 2026 | Fund Letter | Alan BreedEdgewood Management | Application SoftwareSoftware | Edgewood Management 2025 Q3 (SNPS) Leading provider of semiconductor design automation software and IP, enabling chip design, verification, and secure software development across AI, automotive, and hyperscaler markets. Thesis: Mission-critical supplier... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Javier Ruiz, CFAHoros Asset Management | Broadline RetailBroadline Retail | Horos Asset Management 2025 Q4 (NPSNY) In the case of Naspers, our investment has gone through two periods of significant challenges during the years we have held the company. The first took... | BULL | View Pitch → | |
| Jan 24, 2026 | Fund Letter | Jay WarnerArtisan Partners Small Cap Fund | Parsons Corporation $PSN• NYSE | IT ServicesIT Services | Artisan Partners Small Cap Fund 2025 Q4 (PSN) Parsons is a technology-driven engineering firm serving the defense, intelligence and infrastructure markets, with strengths in cybersecurity, missile defense and infrastructure protection. Shares fell in... | BULL | View Pitch → |
| Jan 20, 2026 | Fund Letter | Scott KlarquistSeven Corners Capital Management, LLC | -- | Seven Corners Capital 2025 Q4 (PSHZF) Pershing Square Holdings (PSHZF), the largest position in the portfolio, finished 2025 up 37% including dividends, outperforming the increase in its net asset value and leading to a narrowing of its discount to NAV. The long thesis... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Scott KlarquistSeven Corners Capital Management, LLC | -- | Seven Corners Capital 2025 Q2 (PSHZF) PSHZF, led by billionaire hedge fund manager Bill Ackman, finished 1H 2025 up 12.3% (including dividends), underperforming a 15.5% increase in its NAV, thus widening its discount to NAV to roughly 34%. The long thesis... | BULL | View Pitch → | |
| Dec 4, 2025 | Fund Letter | Evan Bauman, Erica Furfaro, Aram Green, Amanda Leithe, Margaret VitranoClearBridge Investments All Cap Growth | Application SoftwareSoftware | ClearBridge Investments All Cap Growth 2025 Q2 (SNPS) In IT, we added Synopsys and Palantir Technologies. Synopsys is a... | BULL | View Pitch → | |
| Dec 3, 2025 | Fund Letter | H. George Dai, Joshua D. BennettAlger Weatherbie Specialized Growth Fund | Upstart Holdings, Inc. $UPST• NASDAQ | Consumer FinanceConsumer Finance | Alger Weatherbie Specialized Growth Fund 2025 Q2 (UPST) Upstart Holdings, Inc. provides a cloud-based lending platform that uses artificial intelligence to help banks and lenders make better lending decisions. The company primarily... | BULL | View Pitch → |
| Nov 28, 2025 | Fund Letter | Maple Tree Capital (@HenryInvests)Maple Tree Capital - Heartwood | Upstart Holdings, Inc. $UPST• NASDAQ | Consumer FinanceConsumer Finance | Maple Tree Capital - Heartwood 2025 Q3 (UPST) However, loans held on the balance sheet rose to nearly $1B, largely driven by $700M in R&D (Home and Auto) loans. CEO Dave Girouard... | BULL | View Pitch → |
| Nov 28, 2025 | Fund Letter | HenryInvestsMaple Tree Capital - Jonagold | Upstart Holdings, Inc. $UPST• NASDAQ | Consumer FinanceConsumer Finance | Maple Tree Capital - Jonagold 2025 Q3 (UPST) Our largest holding, Upstart, reported mixed Q2 2025 results, holding an increased position of loans on the balance sheet. This caused shares... | BULL | View Pitch → |
Join institutional and professional investors receiving our weekly analysis of hedge fund letters, market trends, and high-conviction ideas.
Zero Spam • High Alpha • Unsubscribe Anytime
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.