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 |
|---|---|---|---|---|
Artisan Global Discovery Jason White | “MongoDB is a leading database software provider for modern, cloud-native applications. Recent results exceeded expectations, although the relatively stable growth in its core Atlas cloud database continued to trail elevated investor expectations. Management highlighted continued demand from enterprise customers and AI-related workloads, while its Enterprise Advanced self-managed product remained an important contributor to growth. However, our recent work suggests that AI is also increasing medium-term competitive risks by reducing switching costs and placing greater pricing pressure on the database layer. We reduced the position throughout the quarter and ultimately exited as we reassessed the long-term competitive landscape.” | BULL | Q2 2026 Jul 29, 2026 | View Pitch |
Artisan Mid Cap Fund Matt Kamm, Jason White, Jim Hamel, Angela Wu, Jay Warner | “MongoDB is a leading database software provider for modern, cloud-native applications. Recent results exceeded expectations, although the relatively stable growth in its core Atlas cloud database continued to trail elevated investor expectations. Management highlighted continued demand from enterprise customers and AI-related workloads, while its Enterprise Advanced self-managed product remained an important contributor to growth. However, our recent work suggests that AI is also increasing medium-term competitive risks by reducing switching costs and placing greater pricing pressure on the database layer. We reduced the position throughout the quarter and moved toward a full Harvest™ as we reassessed the long-term competitive landscape.” | BULL | Q2 2026 Jul 21, 2026 | View Pitch |
Spyglass Capital Management Portfolio Manager | “Despite reporting quarterly results that beat expectations, the database provider suffered from a broad and indiscriminate software sell-off. The acquisition of Voyage AI enables MongoDB to integrate advanced, high-precision search capabilities directly into its database, solidifying its role as an AI winner.” | BULL | Q1 2026 Mar 31, 2026 | View Pitch |
Artisan Mid Cap Fund Matt Kamm, Jason White, Jim Hamel, Angela Wu, Jay Warner | “MongoDB is a leading database software provider for modern, cloud-native applications that handle unstructured data. Its Atlas cloud platform is the primary growth driver, valued for its scalability and ease of use. During the quarter, results exceeded guidance, driven by continued Atlas growth, and the company raised its full-year outlook, signaling strong demand and improving fundamentals. We increased our position given our belief that MongoDB can gain share as enterprise adoption rises and as AI-related use cases expand. BSD Analysis: MongoDB sells developer infrastructure that powers modern applications where flexibility matters more than rigid schemas. Once adopted, it becomes deeply embedded in production environments. Growth slowed as customers optimized spend, testing the patience of momentum investors. But workloads don't migrate off databases casually. Atlas improves revenue quality through consumption-based economics. Investors conflate optimization cycles with competitive loss. Long-term data growth favors flexible architectures. Margins expand as scale absorbs platform costs. This is developer gravity, not fad software.” | BULL | Q4 2025 Jan 15, 2026 | View Pitch |
Spyglass Capital Management Portfolio Manager | “Strong subscription and Atlas cloud revenue growth drove third-quarter outperformance, shifting market perception of the company to an AI winner. The newly appointed CEO brings extensive industry experience, strengthening the long-term outlook for enterprise expansion.” | BULL | Q4 2025 Dec 31, 2025 | View Pitch |
Carillon Eagle Mid Cap Growth Fund Eric Mintz, Christopher Sassouni, David Cavanaugh | “MongoDB, a provider of data base software, reacted positively to strong earnings results, with both an acceleration in sales of its flagship Atlas cloud data base product as well as strength in sales to customers who use the on-premises version of the product. Investor sentiment also improved following the hiring of a new CEO and the optimistic prospects for the software's increasing relevancy in an AI world. BSD Analysis: MongoDB's moat is developer mindshare paired with flexibility in unstructured data, not pure performance supremacy. Once embedded in applications, switching costs rise quickly, but price sensitivity shows up as customers optimize usage. Atlas improved monetization and stickiness, yet usage-based pricing makes growth volatile in downturns. Hyperscalers are constant threats, bundling alternatives and squeezing margins indirectly. Expansion depends on moving up the stack into mission-critical workloads. Execution matters more now than evangelism. The bull case is sustained developer adoption translating into enterprise standardization. The bear case is spend optimization and cloud-native competition compressing growth. MongoDB compounds only if it proves durability beyond early adopter enthusiasm.” | BULL | Q4 2025 Dec 31, 2025 | View Pitch |
Spyglass Capital Management Portfolio Manager | “MongoDB has demonstrated consistent operational strength by beating revenue and EPS estimates for four consecutive quarters. Strategic signals around robust cloud platform growth and improved profitability from its new CFO have driven market re-perception from an AI loser to an AI winner. The manager views the stock as still undervalued and a high-conviction holding.” | BULL | Q3 2025 Sep 30, 2025 | View Pitch |
NCG Large Cap Growth Strategy Next Century Growth Investors, LLC | “MongoDB was added as a new position during the quarter. The company offers a differentiated cloud-native database that enables flexibility and scalability for modern software applications. The fund sees MongoDB benefiting from secular data growth and developer adoption. BSD Analysis: MongoDB remains the leading independent database company with accelerating adoption of its cloud platform, Atlas, which accounts for nearly 70% of total revenue. With annual recurring revenue surpassing $2B and net retention of 120%+, MDB continues to expand its enterprise footprint while maintaining 30%+ top-line growth. The firm's focus on AI workload optimization positions it to benefit from data infrastructure modernization. Strong unit economics, improving FCF, and a broad developer ecosystem create a defensible moat. Valuation remains rich at ~12x forward sales, but margin expansion potential and operating leverage could sustain premium multiples.” | BULL | Q3 2025 Sep 30, 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.
