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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 | Tectonic Investors | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Tectonic Investors - SE Sea Limited was another strong performer for the Fund over the quarter, with the share price appreciating by approximately +16%, driven by a sharp re-rating following its Q1 2026 results in May. The result was... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Matthew SweeneyLaughing Water Capital | Commercial Services & SuppliesCommercial Services & Supplies | Laughing Water Capital - SES.TO SECURE Waste Infrastructure was owned for just over a year. SECURE had transitioned... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ennismore Fund Management LimitedEnnismore Global Equity Fund | IT ServicesIT Services | Ennismore Global Equity Fund - WISE.L Wise (which we discussed in June 2022 and September 2025) is a clean illustration of the point. Its operating performance... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Andrew BrownEast72 Dynasty Trust | IT ServicesIT Services | East72 Dynasty Trust - WISE.L The consensus expectation of May's NASDAQ listing for Wise Group PLC facilitating a re-rating of the shares proved fallacious – the shares reached an eight-month high on the appointed day and promptly fell 32% in a month, to our benefit. This was partly... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Wilhelm Hertzog, Paul WhitburnRozendal Worldwide Flexible Prescient Qualified Investor Hedge Fund | BroadcastingMedia | Rozendal Worldwide Flexible Prescient Qualified Investor Hedge Fund - SESG.PA The major space and satellite-related news of the first half of this year was of course the listing of SpaceX. SES has been... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Wilhelm Hertzog, Paul WhitburnRozendal Global Fund | BroadcastingMedia | Rozendal Global Fund - SESG.PA The major space and satellite-related news of the first half of this year was of course the listing of SpaceX. SES has been... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Harry Qelm Baabsman | SolarEdge Technologies Inc $SEDG• NASDAQ | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Harry Qelm Baabsman - SEDG This fast-grower is unfortunately prone to cycles. Producer of power... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Fred LiuHayden Capital, LLC | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Hayden Capital - SE Last quarter, I wrote about the company's VIP program, and our view that management was reinvesting at attractive incremental returns, with an inflection point likely coming in the near term. This quarter, we... | NEUTRAL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Tony ConiarisHarris Associates Concentrated Strategy | Investment Banking & BrokerageCapital Markets | Long LSEG.L (London Stock Exchange Group plc) The London Stock Exchange Group (LSEG) is a vertically integrated, multi-asset trading infrastructure and data company. | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | LindsayArisaig Asia Fund | -- | Long SEVN.PH (Philippine Seven) This convenience retail operator is expanding aggressively to secure absolute dominance in the underpenetrated Philippine market. The business benefits... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Mike PoggiBrown Advisors Global Leaders Strategy | Investment Banking & BrokerageCapital Markets | Long LSEG.L (London Stock Exchange Group) The managers view London Stock Exchange Group as a successful turnaround following its acquisition of Refinitiv. Despite initial skepticism... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Wolf of Harcourt StreetThe Wolf of Harcourt Street | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Long SE (Sea Limited) Sea Limited represents a compelling opportunity due to its robust revenue growth, margin expansion, and improved efficiency across its three business segments. Most notably, the... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Yoav ZelikovicZelikovic Investments | IndustrialsIndustrials | Long TASE.TA (The Tel Aviv Stock Exchange Clearing House Ltd) The manager opportunistically purchased shares of the Tel Aviv Stock Exchange when political events temporarily depressed its stock price. TASE features near-monopolistic... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Adam WilkGreystone Capital | Commercial Services & SuppliesCommercial Services & Supplies | Long SES.TO (Secure Waste Infrastructure) A high-conviction waste management and energy infrastructure business with defensive, non-discretionary volume flows and strong pricing power in Western Canada. The market mischaracterized... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Brent JacksonKathmandu Capital | SES-imagotag SA $SESL.PA• EURONEXT | IndustrialsIndustrials | Long SESL.PA (SES-imagotag SA) SES-imagotag is the undisputed global leader in electronic shelf labels, holding a commanding 50% market share in an underpenetrated retail niche. Kathmandu Capital established... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | David EborallSaltlight Capital | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Long SE (Sea Limited) Sea Limited has achieved EBITDA profitability across all regions for its e-commerce business, Shopee, with margins expanding due to advertising, logistics, and fintech services. The manager believes... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Fred LiuHayden Capital, LLC | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Long SE (Sea) Since our last letter, shares in Sea Limited have dipped another -20%. Which is puzzling,... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Chris WallerPlural Investing | Real Estate Management & DevelopmentReal Estate Management & Development | Long SEG (Seaport Entertainment Group Inc.) Seaport Entertainment, a spin-off with a $340 million market cap and net cash, owns a complex portfolio of properties in Lower Manhattan valued well below the $1.5 billion historically invested. A newly aligned... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Kayode O. Aje | -- | Long IPSEY (Ipsen SA) Ipsen is navigating temporary headwind pressures including Chinese macroeconomic weakness, currency headwinds, and specific shipping delays for Carbometyx. The manager remains... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Andrew RosenblumBonsai Partners | IT ServicesIT Services | Long WISE.L (Wise PLC) Wise is one of our largest positions and a classic example of a hidden moat. | BULL | View Pitch → | |
| Aug 19, 2026 | Fund Letter | Andrew RosenblumBonsai Partners | IT ServicesIT Services | Bonsai Partners - WISE.L Wise is one of our largest positions and a classic example of a hidden moat. Its competitive advantage... | NEUTRAL | View Pitch → | |
| Aug 6, 2026 | Fund Letter | Charles P. MurphyLiberty Park Capital Management | Aerospace & DefenseAerospace & Defense | Liberty Park Capital Management – VSEC VSE Corp advanced following the Iran ceasefire and a significant 1Q earnings beat. The company continues... | BULL | View Pitch → | |
| Feb 25, 2026 | Fund Letter | Fred LiuHayden Capital, LLC | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Hayden Capital 2025 Q4 (SE) Sea Ltd (SE): Sea Limited shares have declined ~-45% over the past few months. The magnitude of... | BULL | View Pitch → |
| Feb 25, 2026 | Fund Letter | Chris McIntyreMcIntyre Partnerships | Real Estate Management & DevelopmentReal Estate Management & Development | McIntyre Partnerships 2025 Q4 (SEG) ” Its most important assets are its holdings in the Seaport district of Lower Manhattan and approximately $15 in net cash per share. In 2025, SEG... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Wasatch Frontier Emerging Small Countries Strategy 2025 Q4 (SE) Singapore-based Sea Ltd., ADR was the strategy's largest detractor from performance. The company operates... | BULL | View Pitch → | |
| Feb 20, 2026 | Fund Letter | Hrishikesh GuptaSGA - Emerging Markets Growth | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | SGA - Emerging Markets Growth 2025 Q4 (SE) During the quarter, we initiated a new position in Sea Limited, a Southeast Asian consumer internet company with an integrated ecosystem combining e-commerce, digital payments, and entertainment. Shopee benefits from... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | Hrishikesh GuptaSGA - Global Growth | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | SGA - Global Growth 2025 Q4 (SE) During the quarter, we initiated a new position in Sea Limited, a Southeast Asian consumer internet company with an integrated ecosystem combining e-commerce, digital payments, and entertainment. Sea operates in... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | RS Value TeamRS Large Cap Val Strategy | -- | RS Large Cap Val Strategy 2025 Q4 (SEE) Sealed Air Corporation (SEE) is a leading global packaging company. The company designs,... | BULL | View Pitch → | |
| Jan 29, 2026 | Fund Letter | Jason WhiteArtisan Global Discovery | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Artisan Global Discovery 2025 Q4 (SE) Sea is a leading Southeast Asian Internet company operating in digital entertainment, e-commerce and digital financial services. The company delivered... | BULL | View Pitch → |
| Jan 29, 2026 | Fund Letter | Eugene NgVision Capital | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Vision Capital 2025 Q4 (SE) As mentioned earlier, we added Sea Limited (SE) in 4Q25. Sea Limited represents... | BULL | View Pitch → |
| Jan 28, 2026 | Fund Letter | Haicheng Li, CFAThe Baird Chautauqua Global Growth Fund | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | The Baird Chautauqua Global Growth Fund 2025 Q4 (SE) Sea reported September quarter results that beat consensus estimates, with revenue growing 38% and gross merchandise value growing 28%. However, the stock... | BULL | View Pitch → |
| Jan 28, 2026 | Fund Letter | Haicheng Li, CFAThe Baird Chautauqua International Growth Fund | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | The Baird Chautauqua International Growth Fund 2025 Q4 (SE) Sea reported September quarter results that beat consensus estimates, with revenue growing 38% and gross merchandise value growing 28%. However, the stock... | BULL | View Pitch → |
| Jan 27, 2026 | Fund Letter | Wolf of Harcourt StreetThe Wolf of Harcourt Street | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | The Wolf of Harcourt Street 2025 Q4 (SE) 2025 has been a rollercoaster year for Sea Limited. At one point... | BULL | View Pitch → |
| Jan 23, 2026 | Fund Letter | Mark L. YockeyArtisan International Fund | -- | Long AUSTRALIAN SECURITIES EXCHANGE-MNC (Monadelphous Group Ltd) In industrials, we increased our position in MNC Solutions, which provides mission-critical power and automation systems supporting defense-related infrastructure and security applications. While the shares... | BULL | View Pitch → | |
| Jan 23, 2026 | Fund Letter | Mondrian International Equity Value Opportunities | Multi-UtilitiesMulti-Utilities | Long SSE.L (SSE plc) SSE delivered strong performance after announcing a five-year £33 billion investment plan focused on upgrading UK electricity networks and expanding its renewables footprint. The market responded... | BULL | View Pitch → | |
| Jan 22, 2026 | Substack | Substack | Consumer FinanceConsumer Finance | Sezzle Inc. (SEZL) - Broken Moats The author presents Sezzle as a highly problematic subprime BNPL lender operating at the fringe of consumer finance, serving borrowers excluded from traditional credit options. They argue the... | BULL | View Pitch → | |
| Jan 20, 2026 | Fund Letter | Sebastian Lyon & Charlotte YongeTroy Multi-Asset Strategy | Investment Banking & BrokerageCapital Markets | Long LSEG.L (London Stock Exchange Group plc) Experian's shares were -1% in 2025 and LSEG's were -20%. They are therefore... | BULL | View Pitch → | |
| Jan 20, 2026 | Fund Letter | Sebastian Lyon & Charlotte YongeTroy Multi-Asset Strategy | Investment Banking & BrokerageCapital Markets | Long LSEG.L (London Stock Exchange Group plc) During the December 2025 quarter, we initiated a position in London Stock Exchange Group (LSEG). LSEG is highly... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Chris McIntyreMcIntyre Partnerships | Real Estate Management & DevelopmentReal Estate Management & Development | McIntyre Partnerships 2025 Q2 (SEG) In August, SEG announced two significant catalysts. First, SEG improved... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Guy BaronSpringview Capital Management | Real Estate Management & DevelopmentReal Estate Management & Development | Springview Capital Management 2025 Q2 (SEG) We exited our investment in Seaport Entertainment during the second quarter. We initiated the... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Nick, Erwin and DonnyLakehouse Global Growth Fund | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Lakehouse Global Growth Fund 2025 Q2 (SE) Southeast Asia's leading e-commerce platform, Sea Limited, was our largest contributor for the year as the company delivered an impressive combination of accelerating growth and improving profitability. At a group... | BULL | View Pitch → |
| Jan 8, 2026 | Fund Letter | David E. Levanson, CFA and Danielle J. Menichella, CFASands Capital International Growth Fund | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Sands Capital International Growth Fund 2025 Q2 (SE) Sea operates leading digital platforms in gaming, ecommerce, and financial services across Southeast Asia. The business posted... | BULL | View Pitch → |
| Dec 4, 2025 | Fund Letter | Kris Webster, Michael Poulsen, and Jack McManusCanopy Investors | FinancialsFinancials | Canopy Investors 2025 Q2 (WISE) Wise is the largest non-bank FX transfer service globally, with a Founder-led dedication to lowering fees on cross-border transactions. It has grown... | BULL | View Pitch → | |
| Dec 3, 2025 | Fund Letter | Daniel L. Miller, Jeffrey W. ThibaultAMG GW&K Small Cap Core Fund | Energy Equipment & ServicesEnergy Equipment & Services | AMG GW&K Small Cap Core Fund 2025 Q2 (SEI) As it relates to trading activity, we added four new names to the portfolio and sold six. Of the four... | BULL | View Pitch → | |
| Dec 3, 2025 | Substack | Dave WatersAlluvial Capital Management | Seneca Foods Corp. $SENEA• NASDAQ | Food ProductsFood Products | Alluvial Capital Management 2025 Q2 (SENEA) Rounding out this quarter's winners is Seneca Foods. Seneca is emblematic... | BULL | View Pitch → |
| Nov 28, 2025 | Fund Letter | Graeme Forster, Bo SangOrbis International Equity | Sea Limited $SE• NYSE | Broadline RetailBroadline Retail | Orbis International Equity 2025 Q3 (SE) If Jardines and its affiliates represent our “value” holdings in the Asian consumer space, our 2% position in Sea Limited sits at the “growth” end of the spectrum. Founded by Singaporean... | BULL | View Pitch → |
| Nov 28, 2025 | Fund Letter | Chris WallerPlural Investing | Real Estate Management & DevelopmentReal Estate Management & Development | Plural Investing 2025 Q3 (SEG) Seaport Entertainment, spun off from Howard Hughes, holds prime New York Seaport properties valued at $850 million and $160 million in net cash. Management's sale of... | BULL | View Pitch → | |
| Nov 28, 2025 | Fund Letter | Damian Bird | -- | Long SSE-CATL (Contemporary Amperex Technology Co. Ltd.) CATL, the world's largest EV battery producer, reported over 30% quarterly profit growth driven by strong demand for its Shenxing Superfast Charging and Qilin battery models. These products now... | BULL | View Pitch → | |
| Nov 28, 2025 | Fund Letter | Investment CommitteeTweedy, Browne International Value II | -- | Long EURONEXT BRUSSELS-AZTA (Azelis Group N.V.) Azelis underperformed during the quarter but remains a key position given its ability to consolidate a fragmented market through disciplined M&A. Its cash-generative model... | BULL | View Pitch → | |
| Nov 28, 2025 | Fund Letter | Matthew FineThird Avenue Value Fund | AC Ayala Corporation $PSE-AC• NASDAQ | -- | Long PSE-AC (AC Ayala Corporation) Ayala Corp. trades near 25-year lows despite holding leading stakes in Ayala Land, Bank of the Philippine Islands, Globe Telecom, and ACEN. Valuations in Philippine... | 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.