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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 | ||
|---|---|---|---|---|---|---|---|
| Oct 14, 2026 | Fund Letter | Steve ScruggsFPA Queens Road Small Cap Value Fund | Terex Corporation $TEX• NYSE | MachineryMachinery | Long TEX (Terex Corporation) Terex (TEX) is a specialty vehicle manufacturer that makes fire trucks and ambulances, waste and recycling trucks, materials processing equipment, utility trucks, and aerials. We acquired shares... | BULL | View Pitch → |
| Oct 14, 2026 | Fund Letter | Neal KaufmanBaron Health Care Fund | PharmaceuticalsPharmaceuticals | Long TEVA (Teva Pharmaceutical Industries Limited) Global pharmaceutical company Teva Pharmaceutical Industries Limited contributed to performance, outpacing the broader pharmaceutical sector. Second-quarter results showed... | BULL | View Pitch → | |
| Oct 13, 2026 | Fund Letter | Ned Bell, Joel Connell, Matt SaddingtonBell Global Emerging Companies Fund | Teradyne Inc. $TER• NYSE | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Long TER (Teradyne, Inc.) Teradyne: Teradyne, a leading provider of semiconductor automated test equipment, performed strongly in September amid renewed investor confidence in AI beneficiaries. Strong demand for... | BULL | View Pitch → |
| Oct 12, 2026 | Fund Letter | Brown Advisory Mid-Cap Growth Strategy | Lumentum Holdings Inc. $LITE• NASDAQ | Communications EquipmentCommunications Equipment | Long LITE (Lumentum Holdings, Inc.) Lumentum Holdings, Inc. (LITE) makes lasers and optical components that carry data between servers inside AI data centers. As AI clusters... | BULL | View Pitch → |
| Oct 12, 2026 | Fund Letter | Faraz Farzam, Aaron GarciaMadison Small Cap Fund | Alphatec Holdings, Inc. $ATEC• NASDAQ | -- | Long ATEC (Alphatec Holdings, Inc.) Alphatec (ATEC) is a strong competitor in spinal surgery, with novel expertise in PTP, or prone transpsoas approach, a minimally invasive technique that accesses the patient's spine through the side, in a prone position, which lowers the complication rate and speeds recovery versus traditional lateral approaches. The company had... | BULL | View Pitch → |
| Oct 1, 2026 | Fund Letter | Pontus DackmoProtean Select | -- | Long NESTE.HE (Neste Oyj) We have actively traded Neste in September, and exited the month with a 3% position, as a diesel squeeze looks increasingly likely due to a mounting refining capacity shortage this winter. Neste's refineries are... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Pontus DackmoProtean Small Cap | Diversified Telecommunication ServicesTelecommunication Services | Protean Small Cap - TELIA.ST Nordic telecom names have spent 18 months in a rather pleasant combination of ARPU growth, margin expansion, and easy comps. Telia and Tele2... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matt Burdett, Christian Hoffmann, Brian McMahonThornburg Investment Income Builder Fund | Telecommunication ServicesTelecommunication Services | Thornburg Equity Income Builder Fund - DTE.DE Multinational telecom network operator, owns majority of T-Mobile (USA). -16.3% in 1H... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Matt Burdett, Christian Hoffmann, Brian McMahonThornburg Investment Income Builder Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Thornburg Equity Income Builder Fund - TTE Produces, refines, transports, and markets oil and natural gas products globally. +19.0% in 1H... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Thornburg International Equity Fund - TTE TotalEnergies was the biggest detractor from performance. Global oil &... | NEUTRAL | View Pitch → | ||
| Sep 2, 2026 | Fund Letter | Bob SharpeVela International Fund | Health Care Equipment & SuppliesHealth Care Equipment & Supplies | Vela International Fund - TECN.SW Tecan Group (Health Care; TECN) was the third-best contributor in the quarter. Tecan is a... | BULL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jeffrey KolitchBaron Real Estate Income Fund | Trading Companies & DistributorsTrading Companies & Distributors | Baron Real Estate Fund - SITE SiteOne Landscape Supply, Inc. is the largest distributor of wholesale landscape supplies in North America. SiteOne sells irrigation,... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Royal London Global Equity Diversified Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Royal London Global Equity Diversified Fund - TTE We engaged TotalEnergies SE, an integrated energy company, as part of Royal London Asset Management's Net Zero Stewardship Programme to understand management's views on the Middle East conflict and its implications for oil, gas and liquefied natural gas (LNG) markets, alongside updates on capital allocation, upstream growth and transition strategy. The meeting provided... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Jeffrey GermainBrandes International Equity Fund | Movies & EntertainmentEntertainment | Brandes International Equity Fund - NTES New purchases included agricultural equipment firm CNH Industrial, Ireland-based ingredients and flavoring business Kerry Group, Chinese gaming company NetEase, and Swedish household products company Essity. NetEase is the... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | Teck Resources Limited $TECK• NASDAQ | Metals & MiningMetals & Mining | PM Capital Global Companies Fund - TECK Copper holdings Freeport McMoRan, Teck Resources and Grupo Mexico each reached new all-time highs during the quarter, buoyed by the ongoing strength in the copper price. We actively reduced... | NEUTRAL | View Pitch → |
| Sep 2, 2026 | Fund Letter | Ariel Investments, LLCAriel International Fund | Renewable ElectricityIndependent Power and Renewable Electricity Producers | Ariel International Fund - ORSTED.CO We added Orsted AS, a leading offshore wind developer, following a sustained period of operational setbacks and political uncertainty. Cost overruns, project... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Ariel Investments, LLCAriel Global Fund | Renewable ElectricityIndependent Power and Renewable Electricity Producers | Ariel Global Fund - ORSTED.CO We also bought Orsted AS, a leading offshore wind developer, following a sustained period of operational setbacks and political uncertainty. Cost overruns, project... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Rajesh Gandhi, Jim ZhaoAmerican Century International Growth Fund | Renewable ElectricityIndependent Power and Renewable Electricity Producers | American Century International Growth Fund - ORSTED.CO We believe this Denmark-based renewable energy company is at an inflection. Policy risk in... | NEUTRAL | View Pitch → | |
| Sep 2, 2026 | Fund Letter | Derek IzuelShelton Emerging Markets Fund | Construction & EngineeringConstruction & Engineering | Shelton Emerging Markets Fund - GEKTERNA.AT , a diversified Greek infrastructure and construction conglomerate, was a contributor to active return over the quarter. During the period,... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | John Brown, Drew JustmanMadison Dividend Income Fund | Trading Companies & DistributorsTrading Companies & Distributors | Long SITE (SiteOne Landscape Supply) We initiated a new investment position in specialty distributor SiteOne Landscape Supply, the largest and only scaled consolidator in the landscape supply industry. SiteOne controls 18%... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Quentin Velleley, CFAThird Avenue International Real Estate Value Fund | Diversified Real Estate ActivitiesReal Estate Management & Development | Long TEG.DE (TAG Immobilien AG) Within this context, Fund Management initiated a position in German residential owner, manager, and developer TAG Immobilien (“TAG”) during the quarter. Not only does... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Tom Wetherald and Eddie ReillyMinot Light Capital Partners | -- | Long MYTE (MyTheresa) MyTheresa (MYTE) is currently our partnership's largest holding and is poised to become a leading curated digital platform for high-end luxury fashion. The company has... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Brian McMahonThornburg Global Opportunities Fund | Oil, Gas & Consumable FuelsOil, Gas & Consumable Fuels | Thornburg Global Opportunities Fund - TTE Total Energies SE is the twenty-fourth largest holding. Global oil &... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Brian McMahonThornburg Global Opportunities Fund | Deutsche Telekom AG $DTEGY• NASDAQ | Diversified Telecommunication ServicesTelecommunication Services | Thornburg Global Opportunities Fund - DTEGY Deutsche Telekom is the nineteenth largest holding. Multinational communications services,... | NEUTRAL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Ned BellBell Global Equities Fund | TE Connectivity Ltd. $TEL• NYSE | Electronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components | Long TEL (TE Connectivity) Among the new additions was TE Connectivity, a global leader in electrical connectors. One of the... | BULL | View Pitch → |
| Aug 21, 2026 | Fund Letter | Investment CommitteeTweedy, Browne International Value II | -- | Long CAMTEK.TA Camtek is an Israel-headquartered maker of metrology and inspection equipment used in the production of integrated circuits. The company's products... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Pontus DackmoProtean Select | Diversified Telecommunication ServicesTelecommunication Services | Protean Select - TELIA.ST Nordic telecom names have spent 18 months in a rather pleasant combination of ARPU growth, margin expansion, and easy comps. Telia and Tele2... | NEUTRAL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Pontus DackmoProtean Select | -- | Long INTEA.ST (Intea Fastigheter AB) The real estate company Intea refused to follow the PR consultants' playbook during the IPO process. Instead of showing... | BULL | View Pitch → | |
| Aug 21, 2026 | Fund Letter | Thomas M. ValenzuelaStewart Asset Management | Lumentum Holdings Inc. $LITE• NASDAQ | Communications EquipmentCommunications Equipment | Stewart Asset Management - LITE During the quarter we initiated a small investment in Lumentum, a leader in optical networking — the hardware that moves data between AI chips, servers, and data centers. We believe AI... | NEUTRAL | View Pitch → |
| Aug 19, 2026 | Fund Letter | Thomas M. ValenzuelaStewart Asset Management | Lumentum Holdings Inc. $LITE• NASDAQ | Communications EquipmentCommunications Equipment | Stewart Asset Management – LITE During the quarter we initiated a small investment in Lumentum, a leader in optical networking — the hardware that moves data between AI chips, servers, and data centers. We believe AI... | BULL | View Pitch → |
| Aug 12, 2026 | Substack | alphaseeker84Substack (alphaseeker84) | Atlassian Corporation $TEAM• NASDAQ | Application SoftwareSoftware | An Early Read on Software Earnings: Everyone Beat, Half Got SoldAtlassian Corporation – TEAM Atlassian passed a critical test with net revenue retention holding above 120%, and the enterprise cohort compounding. The company reported... | BULL | View Pitch → |
| Aug 9, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Atlassian Corporation $TEAM• NASDAQ | Application SoftwareSoftware | Atlassian Corporation Atlassian reported strong Q4 FY26 earnings, with a 28% YoY revenue growth and a 31% increase in Cloud revenue. The company turned... | BULL | View Pitch → |
| Aug 4, 2026 | Seeking Alpha | Seeking Alpha ContributorSeeking Alpha | Baytex Energy Co. $BTE• NYSE | -- | Baytex Energy Corp. Baytex Energy is targeting a 15% total return for investors, driven by improved operational results and strategic asset management. The company has... | BULL | View Pitch → |
| Feb 25, 2026 | Fund Letter | Paul MoorePM Capital Global Companies Fund | Teck Resources Limited $TECK• NASDAQ | Metals & MiningMetals & Mining | PM Capital Global Companies Fund 2025 Q4 (TECK) In early September Teck Resources and Anglo American announced a merger of equals that would create the world's fifth-largest copper miner. Benefits include the... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | Shilpa MehraFidelity Growth Strategies Fund | Lumentum Holdings Inc. $LITE• NASDAQ | Communications EquipmentCommunications Equipment | Fidelity Growth Strategies Fund 2025 Q4 (LITE) An overweight in Lumentum Holdings (+127%), a provider of optical and photonic components used in high-speed communications applications, also helped. In early November,... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | Tucker BrownSGA - International Growth | Atlassian Corporation $TEAM• NASDAQ | Application SoftwareSoftware | SGA - International Growth 2025 Q4 (TEAM) During the quarter, we exited our position in Atlassian due to forced attrition. While Atlassian delivered... | BULL | View Pitch → |
| Feb 20, 2026 | Fund Letter | Source Capital Portfolio ManagersFPA Source Capital | TE Connectivity Ltd. $TEL• NYSE | Electronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components | FPA Source Capital 2025 Q4 (TEL) Longtime holding TE Connectivity benefitted in 2025 from continued demand growth in several of the markets in which it sells into, including: AI infrastructure and data center connectivity; energy and grid update cycling; and industrial automation. TE also acquired... | BULL | View Pitch → |
| Feb 3, 2026 | Substack | Substack | T1 Energy Inc. $TE• NYSE | Electrical EquipmentElectrical Equipment | T1 Energy Inc. (TE) - Lake Cornelia Research Management @CorneliaLake highlights a newly published short report on T1 Energy while arguing the market is over-fixated on legacy negatives and underweighting recent fundamental progress. The company is... | BEAR | View Pitch → |
| Feb 3, 2026 | Fund Letter | Jonathan Edwards, Jonathan MuellerInvesco Small Cap Value Fund | Lumentum Holdings Inc. $LITE• NASDAQ | Communications EquipmentCommunications Equipment | Invesco Small Cap Value Fund 2025 Q4 (LITE) Shares of this market-leading designer and manufacturer of innovative optical and photonic products rallied in the fourth quarter, fueled by apparent investor enthusiasm for its AI-driven growth potential. BSD Analysis: Lumentum... | BULL | View Pitch → |
| Jan 29, 2026 | Fund Letter | Anthony Philipp, Chris WelchDiamond Hill Small-Mid Cap Strategy | MachineryMachinery | Diamond Hill Small-Mid Cap Strategy 2025 Q4 (GTES) Despite reporting solid Q3 results, shares of auto parts manufacturer Gates Industrial declined in Q4 due to weakness in many of its end markets. Near-term demand softness... | BULL | View Pitch → | |
| Jan 27, 2026 | Fund Letter | Neal KaufmanBaron Health Care Fund | PharmaceuticalsPharmaceuticals | Baron Health Care Fund 2025 Q4 (TEVA) Teva Pharmaceutical Industries Limited has historically been known for its large generics business but is increasingly focused on growing its innovative pharmaceutical business, which now represents roughly half of the company's profits. Austedo continues to... | BULL | View Pitch → | |
| Jan 27, 2026 | Fund Letter | The London Company of Virginia, LLCThe London Company Small Cap | MachineryMachinery | The London Company Small Cap 2025 Q4 (GTES) GTES reacted negatively to the announced restructuring and footprint optimization actions, along with ERP implementation headwinds. These factors are... | BULL | View Pitch → | |
| Jan 24, 2026 | Fund Letter | Columbia Management Investment Advisers, LLCColumbia Seligman Global Technology Fund | Teradyne Inc. $TER• NYSE | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Columbia Seligman Global Technology Fund 2025 Q4 (TER) The fund's allocations to semiconductor equipment companies Teradyne and Applied Materials contributed positively to performance during the quarter, following a strong overall period for semiconductor capital equipment companies. Teradyne's strong price... | BULL | View Pitch → |
| Jan 23, 2026 | Fund Letter | Minotaur Capital Management Pty LtdMinotaur Global Opportunities Fund | Atlassian Corporation $TEAM• NASDAQ | Application SoftwareSoftware | Minotaur Global Opportunities Fund 2025 Q4 (TEAM) " Thomas: "There's been a step change... " That word... | BEAR | View Pitch → |
| Jan 20, 2026 | Fund Letter | Ian Sexsmith, Robert KlaberParnassus Mid Cap Growth Fund | Teradyne Inc. $TER• NYSE | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Parnassus Mid Cap Growth Fund 2025 Q4 (TER) Teradyne performed strongly as its long-term investments in AI-semiconductor testing began to pay off. The company started... | BULL | View Pitch → |
| Jan 20, 2026 | Fund Letter | Eric Mintz, Christopher Sassouni, David CavanaughCarillon Eagle Mid Cap Growth Fund | Teradyne Inc. $TER• NYSE | Semiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment | Carillon Eagle Mid Cap Growth Fund 2025 Q4 (TER) Teradyne is a semiconductor testing equipment supplier. Shares rose after... | BULL | View Pitch → |
| Jan 16, 2026 | Fund Letter | Miller/Howard Investments Inc.Miller Howard Investments Utilities Plus | DTE Energy $DTE• NYSE | Electric UtilitiesElectric Utilities | Hardman Johnston International Equity 2025 Q4 (DTE GR) During the quarter we liquidated two positions in the portfolio, Nexans SA and Deutsche Telekom AG. Deutsche Telekom delivered... | BULL | View Pitch → |
| Jan 8, 2026 | Fund Letter | Andrew J. FlemingHeartland Value Plus Fund | MachineryMachinery | Heartland Value Plus Fund 2025 Q2 (GTES) Gates Industrial Corporation plc (GTES), a leading manufacturer of belts and hoses used in vehicles and industrial machines. Following President Trump's... | BULL | View Pitch → | |
| Jan 8, 2026 | Fund Letter | Christopher GodfreyHeadwaters Capital | Bio-Techne Corporation $TECH• NASDAQ | BiotechnologyBiotechnology | Headwaters Capital 2025 Q2 (TECH) Bio-Techne: Coveted Life Sciences Asset On Sale Due to Academic Pressures Summary Thesis: 1) Market leading life sciences reagents and instrument company. Recurring consumable revenue,... | BULL | View Pitch → |
| Jan 8, 2026 | Fund Letter | Cassandra A. HardmanHardman Johnston Global Equity | Atlassian Corporation $TEAM• NASDAQ | Application SoftwareSoftware | Hardman Johnston Global Equity 2025 Q2 (TEAM) Atlassian continues to deliver robust earnings growth, but its valuation has come under pressure throughout the quarter due to structural risks to the number of developers due to generative Al innovation. Generative Al is... | 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.