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 |
|---|---|---|---|---|
AVI Global Trust Joe Bauernfreund | “EXOR detracted -63bps. Over the interim period, the shares fell -21%, which was a function of a -14% decline in the NAV and the discount widening -355bps to -57%. Both Ferrari and Stellantis endured difficult periods, with share price returns of -30% and -23%, respectively. Ferrari's 2025 investor day reset expectations lower for revenue growth and margins. The company now guides for sales growth of +5% through to 2030, with consensus expectations having been for +7-8%. Ferrari shares now sit some -40% below where EXOR sold c.16% of its stake in early 2025 and trade at a still not obviously cheap 29x 2027 EPS. EXOR now trades on a -57% discount, close to the widest it has ever traded. Since 2009, EXOR has compounded its NAV at +16% p.a., some 470bps annual outperformance of the MSCI AC World Index. We believe that aligning capital with John Elkann is a highly attractive prospect, particularly at such a wide discount. We increased the position size by 2.7x over the period.” | NEUTRAL | Q2 2026 Jul 2, 2026 | View Pitch |
Longleaf Partners Fund Southeastern Asset Management, Inc. | “Global holding company Exor was a detractor for the quarter, with the holding company discount widening to record levels. The same negatives we discussed in our last 4Q letter (the market's cooling to” | BULL | Q1 2026 Apr 16, 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.
