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 |
|---|---|---|---|---|
CrossingBridge Advisors David Sherman | “888 Acquisitions is the debt-issuing subsidiary of publicly traded Evoke plc (EVOK LN), a U.K.-based operator of online and retail gaming brands including William Hill, 888casino, and Mr. Green. Following the debt-financed acquisition of William Hill in 2022, leverage remained elevated, but the turnaround began to take hold in 2024 and leverage fell below 5.0x by 2025, with a credible path towards 3.5x. That progress was interrupted in late 2025 when the U.K. government announced a larger-than-expected increase in remote gaming duties. GAMHOL's debt sold off sharply after Evoke withdrew its medium-term guidance and retained financial advisors to evaluate strategic alternatives. We concluded that the value of these assets covered the debt with a margin of safety, even if they ultimately had to be monetized separately. Liquidity and underlying cash generation also provided a cushion against the tax increase isolated to the U.K. online business. Reports that Bally's-controlled Intralot was considering an acquisition provided an additional catalyst. In early June, Evoke announced an agreement to be acquired by Bally's Intralot.” | BULL | Q2 2026 Jul 25, 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.
