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 | “Dave has rallied over 100% from our average cost. While we believe Dave is a great business, the stock has become very expensive. It is now trading at the high end of its historical multiple range, and as such, we fully exited the position. While we continue to believe the business will do well, it will have to perform in line with our upside case for there to be meaningful returns going forward. This may be possible, but the risk-reward is not as attractive as other portfolio holdings. Our original thesis played out very well: we believed Dave is a great business that gives the average American consumer living paycheck to paycheck access to small but meaningful amounts of short-term cash. We also felt its business model is consistent and predictable. Finally, we believe it has a great management team which knows how to give conservative guidance and create a beat-and-raise dynamic over the course of several quarters. Yet the stock trades with irrationally large swings. When we made our original investment last October, we felt Dave was trading at far too cheap a multiple on our own internal estimates: we were at $17.00/share for 2026 while at the time the sell side was around $12.00. So on our estimates, we were buying Dave at 11x earnings when it was growing earnings at north of 30% per year. We predicted that sell-side expectations would have to move dramatically higher. That is exactly what happened, and while we continued buying through February of this year, the stock has now become fairly valued and, as mentioned, is trading towards the high end of its historical range, which is why we exited the position. Maintaining sell discipline is one of the cornerstones of our process. But Dave is still a stock we would like to own at the right valuations.” | NEUTRAL | Q2 2026 Jul 25, 2026 | View Pitch |
Buckley Capital Zack Buckley | “Dave is a high-growth, profitable neobank serving 14 million members with a highly efficient digital model. Its core Extracash product has seen declining credit losses and rising profitability. The company plans to expand into BNPL, leveraging its underwriting expertise. We believe Dave can grow earnings 20%+ annually and is materially undervalued relative to fintech peers. BSD Analysis: Dave lives in the brutally competitive world of consumer fintech where survival is the first victory. Its core value proposition — avoiding overdraft fees — resonates because banks still punish liquidity mistakes. Unit economics have improved as marketing discipline replaced growth theatrics. Monetization is narrow, which keeps execution risk high. Scale matters because customer acquisition costs don't forgive hesitation. Regulation is both a threat and a barrier to entry. This is not a platform business yet. It's a scrappy operator fighting for relevance in consumer finance. Dave works only if discipline keeps beating ambition.” | BULL | Q4 2025 Jan 27, 2026 | 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.
