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 |
|---|---|---|---|---|
Van Der Mandele Arar Fund Joost van der Mandele | “Gravity continues to produce bestsellers in their home markets, this time topping the app download charts with “Ragnarok: New World.” The bigger news is the changes in the boards of their controlling ” | BULL | Q4 2025 Feb 12, 2026 | View Pitch |
Van Der Mandele Arar Fund Joost van der Mandele | “Gravity continues to produce bestsellers in their home markets, this time topping the app download charts with “Ragnarok: New World.” The bigger news is the changes in the boards of their controlling shareholder: GungHo Entertainment. This company holds 60% ownership of Gravity. Their management has been OK with Gravity letting their enormous cash reserves sit idle, but that is about to change as the GungHo CEO is out and activist investors have secured spots in the board. They are now pushing for higher dividends, which can basically only come from Gravity paying dividends to GungHo. Once Gravity starts paying out dividends, some level of repricing should occur. Since the changes in the board Gravity has already appreciated over 20%. BSD Analysis: Gravity enters 2026 with a conservative balance sheet featuring KRW 610 billion in cash and virtually zero debt. The 2026 roadmap is defined by a heavy pipeline of Ragnarok-based sequels, including Ragnarok 3 and Ragnarok Libre, intended to revive growth after a period of stabilization. While the stock trades at a discount due to its heavy reliance on a single IP, management is focusing on expanding its live-service operations in Japan and Latin America. Investors view Gravity as a high-margin "cash cow" that is prioritizing internal IP development over aggressive M&A or capital returns.” | BULL | Q4 2025 Feb 12, 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.
