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 |
|---|---|---|---|---|
Bell Global Equities Fund Ned Bell | “On the other side of the ledger, our holding in Cadence Design Systems, the US computational software company, was the sole exit during June, crystallising strong gains following our early-2026 purchase. The position was established after the February technology drawdown, on the thesis that Cadence's half of the electronic design automation duopoly represents a mission-critical, recurring-revenue toll road on rising silicon complexity and the proliferation of custom AI chips. The thesis played out considerably faster than anticipated, with QI revenue up 19% year-on-year, EPS up 25%, and full-year 2026 revenue guidance of approximately US$6.2 billion coming in ahead of expectations. News flow provided further tailwinds, with management announcing a multi-year design technology co-optimisation collaboration with Intel Foundry targeting the 14A process. Over our four-month holding period, the shares rallied more than 30% and by month-end traded above 45x forward earnings, versus a software industry average in the low twenties. The exit reflects valuation discipline rather than diminished conviction in franchise quality. Cadence remains on our watchlist, watching closely for a more attractive re-entry opportunity.” | NEUTRAL | Q2 2026 Jul 17, 2026 | View Pitch |
Rothschild & Co LongRun Equity Fund Anthony Bailly | “Cadence is pitched as a mission-critical provider of Electronic Design Automation software and hardware. The company boasts significant pricing power, over 90% retention, and a strong long-term growth runway due to increasing chip complexity and AI system design.” | BULL | Q3 2025 Oct 1, 2025 | View Pitch |
Spyglass Capital Management Portfolio Manager | “Cadence Design Systems is a leading player in the stable electronic design automation software duopoly, which is crucial for complex chip designs. The company's integration of machine learning and its close collaborations with semiconductor leaders like Nvidia and TSMC provide early access to next-generation node designs, positioning it for long-term growth.” | BULL | Q2 2025 Jun 30, 2025 | View Pitch |
Rothschild & Co LongRun Equity Fund Anthony Bailly | “Cadence is a dominant provider of mission-critical electronic design automation software with a high proportion of recurring subscription revenues. The manager views the company as poised for double-digit sales growth and margin expansion driven by increasing chip complexity and value-based pricing.” | BULL | Q1 2025 Apr 1, 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.
