Institutional ticker directory tracking stock mentions, long/short ideas, and high-conviction pitches extracted from quarterly hedge fund letters.
| Ticker | Company | Sector | Industry | Pitches | Stance |
|---|---|---|---|---|---|
| Fund / Manager | Thesis Excerpt | Stance | Period / Date | Action |
|---|---|---|---|---|
Buckley Capital Zack Buckley | “We wrote about Basic-Fit in July 2025, when the market was penalizing the company for one-time expenses relating to the conversion of its gyms in France to staffless and 24/7 operations. The stock is up ~35% so far since we wrote about it, but we believe the real benefits are yet to materialize. Specifically, the new 24/7 gyms should see an increase in their customer base, which is critical for gyms because the incremental margins on new members are very high. Going staffless also increases margins for each gym. We should see these benefits realized over the next few months. BFIT is pursuing similar opportunities in Spain, having extended operating hours there by four hours for 105 gyms (from 6 am- 12 am). We are also very excited by the November 2025 acquisition of Clever Fit, whose gyms are concentrated in German-speaking countries. The company negotiated with its new Clever Fit franchisees through Q1 2026 and is now in a better position to start realizing the synergies from this acquisition. While the newly acquired Clever Fit gyms will need some investment to bring them to the BFIT standard, this investment should allow them to meaningfully increase their revenue per gym. The acquisition will also allow BFIT to increase its presence over a geographic area that now includes 12 European countries. Germany is particularly exciting, as Clever Fit was the largest gym brand there and BFIT recently acquired another 40 gyms in Germany via the Wellyou acquisition in June 2026. Finally, the Clever Fit deal should improve BFIT's ROIC and cash flow margins because it increases its focus on franchising. We believe BFIT has a very strong chance of a significant re-rating in the back half of this year. The stock is trading around 6.4x our estimate of 2026 EBITDA, with EBITDA growing very quickly over the next few years. We believe it should be trading closer to 9-10x EBITDA, and that BFIT can double over the next 12-24 months.” | NEUTRAL | Q2 2026 Jul 25, 2026 | View Pitch |
Van Der Mandele Arar Fund Joost van der Mandele | “Basic-Fit experienced a post-earnings decline that the manager views as unjustified, caused primarily by large institutional sellers. Although margins have suffered from inflation and club member terminal values appear lower, the company is shifting toward efficient capital allocation with share buybacks and has reported strong membership growth in early 2025.” | BULL | Q1 2025 Apr 3, 2025 | View Pitch |
Each excerpt above is the manager's commentary on this ticker specifically. The full letter has the rest of their portfolio thinking, risk discussion, and broader institutional context.
