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 |
|---|---|---|---|---|
Miller Howard Investments Utilities Plus Miller/Howard Investments Inc. | “During the quarter we liquidated two positions in the portfolio, Nexans SA and Deutsche Telekom AG. Deutsche Telekom delivered solid near-term results, including a modest earnings beat and a guidance upgrade, while subsidiary T-Mobile US posted strong subscriber growth and another EPS beat, however, competitive pricing pressures raised concerns about ARPU stability. Management's 2026 outlook pointed to slower profit and cash flow growth. Rising competitive risks—particularly in the U.S., where leadership changes at Verizon introduced uncertainty around future pricing dynamics—added to our caution. In Germany, mild wireless softness and higher cost pressures further weighed on margin expectations. While we continue to view Deutsche Telekom as a high-quality operator, growing competitive uncertainty and emerging cost headwinds led us to exit the position. BSD Analysis: Deutsche Telekom combines European stability with U.S. growth via T-Mobile. Cash flow generation has improved materially. Capital returns are becoming more visible. European operations benefit from rational competition. U.S. exposure provides growth the market underweights. Balance sheet strength supports flexibility. Investors treat it as boring telecom. The asset mix says otherwise. This is a hybrid growth-yield play. Execution remains solid.” | BULL | Q4 2025 Dec 31, 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.
