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 |
|---|---|---|---|---|
Forager Australian Shares Fund Steve Johnson | “EML Payments, a global specialist payments business, disappointed during the year. Its operational turnaround looked nicely underway this time last year but has been buffeted by macro exposures in North America and Europe. Contract wins have continued, but implementations have been slower than expected and consequently revenue has not arrived quickly enough. In April, management reduced its 2026 financial year underlying earnings guidance by 18%. And questions around the quantum of one-off costs remain. The turnaround task has been both tougher and more protracted than expected. Our most significant mistake was to add to the investment as the share price fell, not recognising early enough that, in a cluster of falling small cap prices, this one was justified. The stock is in the sin-bin with us and the wider market and unlikely to attract much attention from investors until there is solid evidence of improvement.” | NEUTRAL | Q2 2026 Jul 15, 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.
